Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 2

In June 2015, Wendy Winger organized a corporation to provide aerial photography services.he company, called Aerial Views, began operations immediately.ransactions during the month of June were as follows:

The account titles used by Aerial Views are:

Instructions
a.nalyze the effects that each of these transactions will have on the following six components of the company's financial statements for the month of June.rganize your answer in tabular form, using the column headings shown.se I for increase, D for decrease, and NE for no effect.he June 1 transaction is provided for you:

b.repare journal entries (including explanations) for each transaction.
c.ost each transaction to the appropriate ledger accounts (use a running balance format as illustrated in Exhibit 3-4 on page 97).
d.repare a trial balance dated June 30, 2015.
e.sing figures from the trial balance prepared in part d, compute total assets, total liabilities, and owners' equity.re these the figures that the company will report in its June 30 balance sheet Explain your answer briefly.