Basswood Furniture Project Balance Sheet

So many of my gl accounts are wrong so i not sure which ones i should go back to look at.

Basswood furniture project balance sheet.

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. You had previously simulated the closing entries on the worksheet to. Basswood furniture project 60 create a post closing trial balance. They usually prefer air dried slow grown northern stock.

It cuts cleanly nails screws and glues well though sanding leaves the surface woolly. Remember the closing entries change the balances of the equity accounts. Carvers prefer basswood because it holds detail well doesn t split has straight grain and carves easily. This light weight wood works very easily with both hand and power tools.

In this project you ll be the bookkeeper for basswood furniture a sole proprietorship that specializes in home furnishings and accessories. In industry it plays a role as boxes and food containers. 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 sheet column of the worksheet.

Can be painted stained and finished without difficulty. Basswood also can become drawer stock hidden furniture parts and painted items. Everything you need to complete the project is included in this basswood furniture project package. Basswood furniture exam 390907 balance sheets and income statement.

Enter the beginning balances from the g l trial balance in each account. The basswood furniture bookkeeping project is designed to simulate the transactions that occur in an office environment. The tutor can help you get an a on your homework or ace your next test. Tell us more about what you need help with so we can help you best.

I also have a spreadsheet to show each day where i posted the transactions. 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. Ian has copies of the balance sheet and income statements figures 16 and 17 in a microsoft word file fr om the. 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.

Basswood is the wood of choice for many wood carvers. First you ll need to set up the initial books of accounting.