Instructions: 1) Refer to the balance sheet for Metropolitan Movers Company. 2) Using the accounts given, create/make up 10 possible transactions which may happen with this company. Write these transactions on the excel spreadsheet. As you create the 10 transactions, you may create NEW accounts as required, 3) Using the 10 transactions that you created, make a transaction analysis sheet to keep track of your accounts. 4) Using the new balances from your Transaction Analysis Sheet, create a new balance sheet on the same excel spreadsheet to show the new revised balance sheet with today's date. Assets Cash Accounts Receivable B. Cava K. Lincoln Equipment Trucks Total Assets $1 1 5 $60 Metropolitan Movers Co. Balance Sheet August 31, 2021 0 2 00 1 4 0 0 13 5 7 5 42 5 0 0 00 00 00 00 00 6 2 5 00 Liabilities Accounts Payable Central Supply Loan Payable Mercury Finance Total Liabilities Owners' Equity J. Hofner, Capital Total Liabilities and Equity $1 3 25 1 7 $26 $34 $60 1 5 SE 6 5 2 0 00 | C 0 0 00 2 0 00 oo 55 00 00

Instructions: 1) Refer to the balance sheet for Metropolitan Movers Company. 2) Using the accounts given, create/make up 10 possible transactions which may happen with this company. Write these transactions on the excel spreadsheet. As you create the 10 transactions, you may create NEW accounts as required, 3) Using the 10 transactions that you created, make a transaction analysis sheet to keep track of your accounts. 4) Using the new balances from your Transaction Analysis Sheet, create a new balance sheet on the same excel spreadsheet to show the new revised balance sheet with today's date. Assets Cash Accounts Receivable B. Cava K. Lincoln Equipment Trucks Total Assets $1 1 5 $60 Metropolitan Movers Co. Balance Sheet August 31, 2021 0 2 00 1 4 0 0 13 5 7 5 42 5 0 0 00 00 00 00 00 6 2 5 00 Liabilities Accounts Payable Central Supply Loan Payable Mercury Finance Total Liabilities Owners' Equity J. Hofner, Capital Total Liabilities and Equity $1 3 25 1 7 $26 $34 $60 1 5 SE 6 5 2 0 00 | C 0 0 00 2 0 00 oo 55 00 00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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