XACC 280 week 2 Assignment: Journalizing, Posting, and Preparing a Trial Balance

Assignment: Journalizing, Posting, and Preparing a Trial Balance

·        Due Date: Day 7 [post to the Assignments section of the Classroom]

·        Complete P2-2A on p. 81 of Financial Accounting, using the templates in Appendix C for your answers. Each part of the problem corresponds to one tab in Appendix C. Complete all three tabs of Appendix C.

·        Write a message of 250 to 400 words in the body of your posting that justifies what you did in Appendix C. This message constitutes part d of the assignment. Address your message to your creditors and explain:

o   The general goals of financial reporting

o   The steps you took in the recording process

o   How the steps you took support the principles of accounting

·        Post your message and the completed Appendix C as an attachment.

Solution