Tuesday, August 9, 2011

Balance sheet problems – Accountants Help Please!?

Cannot answer your question as it is incomplete. You show transactions from the start of the business at 1/1/10, but need a balance sheet for 1/31/10. Need the rest of the transactions for the month to see where you may have fallen out of bed. Try creating T accounts for each of the balance sheet accounts and enter in the transactions one by one. That might help you see what entry or entries you may have missed.

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