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Transaction Analysis and Balance Sheet Prep by Ramiro Gallo Diaz Gonzalez is a document available to read on EtoBox.
What is Transaction Analysis and Balance Sheet Prep about?
The document describes transactions for a company called Business Sim Corp. It issued 1,000 shares for $12,000. It borrowed $30,000 from a bank and must maintain a current assets to current liabilities ratio of at least 1.3. It bought $35,000 of equipment and signed a $5,000 note. It received $900 of supplies on account. Journal entries were made for each transaction and T-accounts were used to analyze the effects on the accounting equation.
- Author
- Ramiro Gallo Diaz Gonzalez
- Language
- EN