Basswood Furniture Project Balance Sheet

Basswood furniture project 60 create a post closing trial balance.

Basswood furniture project balance sheet.

Can be painted stained and finished without difficulty. So many of my gl accounts are wrong so i not sure which ones i should go back to look at. Basswood furniture exam 390907 balance sheets and income statement. The tutor can help you get an a on your homework or ace your next test.

Next you ll record all the indicated transactions into the appropriate journals and post them accordingly. Let me ask if you have the basswood furniture project from penn foster. In industry it plays a role as boxes and food containers. Make sure the total of the debits for the beginning balances in the g l accounts matches the total of the debits on the trial balance and that the total of the credits matches the total of the credits on the trial balance.

First you ll need to set up the initial books of accounting. It cuts cleanly nails screws and glues well though sanding leaves the surface woolly. I have attached the balance sheet and income statement that i submitted. This is a g l trial balance after you make and post the closing entries compare the balances on the trial balance with the figures in the balance sheet column of the worksheet.

The basswood furniture bookkeeping project is designed to simulate the transactions that occur in an office environment. Bqlzr 300x200x1 5mm rectangle unfinished unpainted basswood wooden sheets for craft diy hand made project mini house building architectural model pack of 5 4 3 out of 5 stars 167 14 05 14. Basswood is the wood of choice for many wood carvers. I also have a spreadsheet to show each day where i posted the transactions.

You had previously simulated the closing entries on the worksheet to. Basswood also can become drawer stock hidden furniture parts and painted items. Ian has copies of the balance sheet and income statements figures 16 and 17 in a microsoft word file fr om the. In this project you ll be the bookkeeper for basswood furniture a sole proprietorship that specializes in home furnishings and accessories.

They usually prefer air dried slow grown northern stock. Carvers prefer basswood because it holds detail well doesn t split has straight grain and carves easily. Everything you need to complete the project is included in this basswood furniture project package. This light weight wood works very easily with both hand and power tools.

Enter the beginning balances from the g l trial balance in each account. This is a g l trial balance after you make and post the closing entries compare the balances on the trial balance with the figures in the balance.