This assignment provides you the opportunity to analyze transactions with the use of T-accounts and prepare financial statements. In addition, you will analyze and interpret the information found in the financial statements and communicate those findings in a professional manner.
CP3-2 (page 155) from Chapter 3 of your Financial Accounting textbook.
All quantitative assignments must be completed on the Microsoft Excel templates provided. Create one workbook with multiple tabs, copying each problem’s template onto a separate tab and completing the work there. Submit this single file in the assignment area. Include your name and the assignment number in the file name; also include your name and the problem number on each tab of the document. All work should be shown. Assignments must not be submitted as a PDF.
Refer to the scoring guide for this assignment to ensure that you meet the grading criteria. Note that one scoring guide is used to evaluate both of the problems in this assessment; each criterion in the scoring guide relates to one or both of the problems here.