Accounting - Essay Example

Summary

PART A: Shown are the first three numerical columns of the worksheet for the Aimless Company, a sole proprietorship, for the year ending December 31, 2001. Fill in the blank spaces in these three columns, where appropriate. (Look for both sides of the entry for adjustments and…

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Subject: Miscellaneous
Type: Essay
Level: Masters
Pages: 9 (2250 words)
Downloads: 2
Author: zeldanicolas

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PART C: On The basis of your work in Part B, prepare an income statement, a statement of owner’s equity and a balance sheet for the Aimless Company for the accounting period in question in the space provided. PART A: Shown are the first three numerical columns of the worksheet for Rahman Company, a corporation, for the year ending December 31, 2001. Fill in the blank spaces in these three columns, where appropriate. (Hint: Look for both sides of the entry for adjustments and extend account balances.) PART B: Shown next are the last two columns of the worksheet for Rahman Company for the period ending December 31, 2001.

On the basis of the earlier three columns that you have completed, fill in these two columns of the worksheet, checking to see if the totals balance. PART C: On the basis of your work in PART B, prepare an income statement, a statement of retained earnings and a balance sheet for Rahman Company for the accounting period in question in the space

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