Question: PLEASE MAKE OPENING BALANCE FOR EACH ACCOUNT. MAKE SURE TOTAL ASSETS = TOTAL LIABILITIES + EQUITY No. Account Title Account Type Opening Balance 101 Cash

PLEASE MAKE OPENING BALANCE FOR EACH ACCOUNT.

MAKE SURE TOTAL ASSETS = TOTAL LIABILITIES + EQUITY

No. Account Title Account Type Opening Balance 101 Cash Current Asset 102 Supplies Current Asset 103 Accounts Current Asset Receivable 104 Prepaid Current Asset Insurance 105 Land Fixed Asset 106 Building Fixed Asset 201 Accounts Current Payable Liability 202 Wages Current Payable Liability 203 Notes Long-Term Payable Liability 301 Arsh, Capital Owners Equity 302 Arsh, Owners Withdrawls Equity

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The general ledger of Zips Storage at January 1, 2024, includes the following account balances: The following is a summary of the transactions for the year: 1. January 9 Provide storage services for...

PLEASE PREPARE THE COMPARATIVE FINANCIAL STATEMENTS OF THE FOLLOWIING: STATEMENT OF COMPREHENSIVE INCOME STATEMENT OF CHANGES IN SHAREHOLDER'S EQUITY STATEMENT OF FINANCIAL POSITION STATEMENT OF CASH...

PLEASE PREPARE THE COMPARATIVE FINANCIAL STATEMENTS YEAR 2019 AND 2020 OF THE FOLLOWIING: STATEMENT OF COMPREHENSIVE INCOME STATEMENT OF CHANGES IN SHAREHOLDER'S EQUITY STATEMENT OF FINANCIAL...

Please help with this question: Compute debt/equity and debt/ tangible net worth for 2015 and 2014. Is the change from 2014 to 2015 favorable or unfavorable? What do these ratios tell us about the...

Some direction to help me with this assignment. Thanks! MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING Management is responsible for establishing and maintaining adequate internal...

Hello, I need some assistance with the attached word document questions regarding the Disney financial report (also attached). MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING...

hey there, I was wondering if you can have a look at this one for me. See attached. MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING Management is responsible for establishing and...

Financial Statement Attached. Also link to article http://www.wsj.com/articles/pension-funds-pile-on-the-risk-just-to-get-a-reasonable-return-1464713013 Assignment #2 Solution should be uploaded in a...

hey there, I was wondering if you can have a look at this one for me. See attached. MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING Management is responsible for establishing and...

Pleasehelpwiththefollowingquestion:...

hey there, I was wondering if you can have a look at this one for me. See attached. MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING Management is responsible for establishing and...

For each ratio, select the building block of financial statement analysis to which it best relates. 1 Profit margin 2. Dividend yield 3. Return on total assets 4. Equity ratio 5. Accounts receivable...

ABC Organization sold stock worth $10,000 to a client using a loan. The particulars of the deal are 2/10, net 30. The client pays the receipt inside the rebate period. a) Compute how much money the...

Very few physical systems are linear within some range of the variables. True or False

1 dr dr r4 + x + 1

Example 4: A driver on a mountain highway with a 7% downslope notices a traffic sign 850ft ahead in the roadway. The driver strikes the sign at a specd of 30mph. If the driver insists that the 60mph...

QUESTION 9 Given the data below for the reaction, 2 A+ 2 B+4 C => D + E + 3 F Initial rate, mol/L.s Initial conc of A, mol/L Initial conc of B, mol/L Initial conc of C, mol/L Experiment 0.1 0.1 0.2...

a) Forecasted sales for year 6 using the trend projection (linear regression) method are sales (round your response to one decimal place). b) The MAD for a linear regression forecast is sales (round...

5. Think through your own way of representing the world. What is your main pattern: Visually, verbally, emotions, smells, tastes?

1. Think of a situation in the workplace where you meet a person for the first time, which you know you will have a lot to do with in the future. a. Name three things about yourself that you will try...

3. List four points that you think are important to give the individual attention, when he or she is going to sell an argument or an idea to you.