calculate beginning balances Sage 50 valley bikes project art of ACCO Cancel OK New Find Next

calculate    beginning balances Sage 50 valley bikes project 

 

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art of ACCO Cancel OK New Find Next Help Beginning Balances as of December 31, 2018 How do I enter these beginning balances? Liabilities, Account ID Account Description Account Type Assets, Expenses Equity, Income 1020 Checking Account Cash 10200 State Bank Cash 88,400.00 10400 Western Savings & Loan Cash 15,000.00 1100 Accounts Receivable Accounts Receivable 1200 Inventory Inventory 12000 Inventory-Mountain Bikes Cash Inventory Total: 12020 Inventory-Road Bikes The Trial Balance is made up of the balances of all accounts. In order for the Trial Balance to be in balance, the sum of Assets and Expenses should equal the sum of Liabilities, Equity, and Income. Net Income is the difference of Income and Expense account values. The Income and Expense values making up Net Income are already included in the total. Vendor List 6,000.00 8,250.00 130,100.00 130,100.00 Trial Balance: 0.00 (Difference posts to Beg Bal Equity) Income - Expenses: Void CheckS 0.00 0.00 Net Income: 0.00 Reconcile Accounts General Journal Ent art of ACCO Cancel OK New Find Next Help Beginning Balances as of December 31, 2018 How do I enter these beginning balances? Liabilities, Account ID Account Description Account Type Assets, Expenses Equity, Income 1020 Checking Account Cash 10200 State Bank Cash 88,400.00 10400 Western Savings & Loan Cash 15,000.00 1100 Accounts Receivable Accounts Receivable 1200 Inventory Inventory 12000 Inventory-Mountain Bikes Cash Inventory Total: 12020 Inventory-Road Bikes The Trial Balance is made up of the balances of all accounts. In order for the Trial Balance to be in balance, the sum of Assets and Expenses should equal the sum of Liabilities, Equity, and Income. Net Income is the difference of Income and Expense account values. The Income and Expense values making up Net Income are already included in the total. Vendor List 6,000.00 8,250.00 130,100.00 130,100.00 Trial Balance: 0.00 (Difference posts to Beg Bal Equity) Income - Expenses: Void CheckS 0.00 0.00 Net Income: 0.00 Reconcile Accounts General Journal Ent