Everything you need to complete the project is included in this basswood furniture project package.
Basswood furniture project balance sheet.
The basswood furniture bookkeeping project is designed to simulate the transactions that occur in an office environment.
Basswood furniture project 60 create a post closing trial balance.
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.
Ian has copies of the balance sheet and income statements figures 16 and 17 in a microsoft word file fr om the.
First you ll need to set up the initial books of accounting.
Basswood is the wood of choice for many wood carvers.
I also have a spreadsheet to show each day where i posted the transactions.
It cuts cleanly nails screws and glues well though sanding leaves the surface woolly.
In industry it plays a role as boxes and food containers.
Can be painted stained and finished without difficulty.
Enter the beginning balances from the g l trial balance in each account.
The tutor can help you get an a on your homework or ace your next test.
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In this project you ll be the bookkeeper for basswood furniture a sole proprietorship that specializes in home furnishings and accessories.
Next you ll record all the indicated transactions into the appropriate journals and post them accordingly.
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Basswood furniture exam 390907 balance sheets and income statement.
You had previously simulated the closing entries on the worksheet to.
Let me ask if you have the basswood furniture project from penn foster.
Basswood also can become drawer stock hidden furniture parts and painted items.
Remember the closing entries change the balances of the equity accounts.
Basswood furniture project 60 create a post closing trial balance.
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.
I have attached the balance sheet and income statement that i submitted.
Carvers prefer basswood because it holds detail well doesn t split has straight grain and carves easily.
They usually prefer air dried slow grown northern stock.
