Demonstration Case
1. Transaction analysis:
	Fill in the table below. If a row is entirely correct, a check mark will appear in Column J.
	Assets		=	Liabilities		+	Shareholders' Equity
a.			=
b.			=
c.			=
d.			=
e.			=
f.			=
g.			=
h.			=
Calculation for entry g:
	Unadjusted Income before Tax
	Revenues
	Expenses
	Unadjusted Income before tax
	Adjustments:
	a.
	b.
	c.
	d.
	e.
	f.
	Adjusted Income before Tax
	Times tax rate
	Income Tax Expense
Menu for Validated Cells:
Accumulated Depreciation (+xA)
Deferred Revenue
Depreciation Expense (+ E)
Dividends Declared (+ D)
Dividends Payable
Income Tax Expense (+ E)
Income Tax Payable
Insurance Expense (+ E)
Interest Expense (+ E)
Interest Payable
Interest Receivable
Interest Revenue (+ R)
Mowing Revenue (+ R)
Prepaid insurance
Wages Expense (+ E)
Wages Payable