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In this project, you’ll be the bookkeeper for Basswood Furniture, a sole proprietorship that specializes in home furnishings and accessories. First, you’ll need to set up the initial books of accounting. Next, you’ll record all the indicated transactions into the appropriate journals and post them accordingly. Then you’ll prepare a worksheet, create the necessary financial statements for the company’s calendar year end, and finally close the accounting period. When you’ve completed the required financial statements, you’ll submit them to the school for grading.
The books of accounting for Basswood Furniture must be completed manually, and the financial statements submitted in the proper format for grading. You’ll upload the following financial statements according to the instructions found in this assignment:
Balance sheet
Income statement
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Chartered Accountant |
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