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

تمرين 6

In March 2015, Mary Tone organized a corporation to provide package delivery services.he company, called Tone Deliveries, Inc., began operations immediately.ransactions during the month of March were as follows:

The account titles used by Tone Deliveries 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 March.rganize your answer in tabular form, using the column headings shown below.se I for increase, D for decrease, and NE for no effect.he March 2 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 shown in Exhibit 3-4, page 97).
d.repare a trial balance dated March 31, 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 March 31 balance sheet Explain your answer briefly.