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