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

تمرين 26

chekter, DVM, opened a veterinary clinic on May 1, 2015.he business transactions for May are shown below:

A partial list of account titles used by Dr.chekter includes:

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 May.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 May 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 the T account format illustrated in Exhibit 3-8 on page 110).
d.repare a trial balance dated May 31, 2015.
e.sing figures from the trial balance prepared in part d, compute total assets, total liabilities, and owners' equity.id May appear to be a profitable month