accounting balance sheet t account income statement 1
look at the question and file out the balance sheet and income statement. identify assets, liability, Onwer’s equity, dividend, Rev. or expenses account. use the equation (Asset = liabitity +owerns equity ) to solve the problem. calculate the balance sheet and retained earning. writing the journal entries or t-account given the information. determining the accrual based income and cash based income.
(This will only take about one hour to do)
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