This Bellas Ballon Bouquets$-$ practiset

Part Three Instructions

Before preparing the T$-$Accounts make sure that all journal entries are corrected so that the ending balance in the T$-$Accounts will be correct. Find the ending balance for each account. Do this by creating a T$-$account for each account in an Excel Spreadsheet as shown in the template after the instructions here. Put all debits and credits in each account and calculate the ending balance. All accounts that were used in the Chart of Accounts should be included and if the account has a zero balance place the zero on the normal balance side. Once you finish preparing all the balances in each account, use the spreadsheet to answer the questions in Blackboard. In Blackboard the question will be the same for each account. What is the balance in Account number $10000($or whatever account it asks$)$ and what is the normal balance? Since it asked for account number $10000$ that is the cash account and then enter your answer below as written:

Dr $$10,500\mathrm{.}00$

This will be done for each account. Use the spreadsheet to answer the questions in Blackboard. Once you complete answering the questions in Blackboard then upload your T$-$Account Spreadsheet to Blackboard following the instructions below:

Step $1$: Enter the journal entries into the Excel Template spreadsheet and when completed print it out.

Step $2$: Use the Excel spreadsheet to answer the questions in Blackboard for the corresponding week in the content folder.

Step $3$: Once you complete entering information into Blackboard, upload the spreadsheet into Blackboard by clicking on the navigation pane then clicking on Practice Set.

A template for the T$-$Accounts follows. Some accounts such as cash will require more than just one or two lines.

Requirements

Correct Errors: Correct any errors that you made on the journal and adjusting journal entries before entering the information into the T$-$Accounts.

Account Balances: Once you have completed entering the transactions then prepare the ending balance in each account.

$12$

a $8$ e