Accounting Cycle Problem For Partnerships Using Excel
This course is designed for those interested to learn the basics of using Excel in the accounting cycle for partnership problem including accounting transactions, general journal entries, trial balance, general ledger, balance sheets, financial and income statements, equity and adjusting entries.
About This Coursebeginner
This course is where we will enter journal entries into the general journal related to setting up a partnership and to the first month of operations.
We will enter the normal financial transaction for a month of operations, recording debits and credits, or journalizing the financial transactions in the general journal. We will perform these tasks using preformatted Excel worksheets. Even though this is a comprehensive problem, each new step will have a new Excel worksheet so that we can jump forward or go back and rework any component of the comprehensive problem.
Each new step in the process will include an Excel worksheet with at least two tabs, one demonstrating the completed task, and one with a preformatted worksheets to complete the task in a step by step format with instructional videos.
Once we have journalized the journal entries, we will post them to the general ledger and then create a trial balance from the general ledger. After completing the accounting transactions for the month, we will enter adjusting journal entries for the month, using an adjusting entry worksheet, the result being an adjusted trial balance.
We will use the adjusted trial balance to create the financial statements, to create the balance sheet, income statement, and statement of partners’ equity. Finally, we will enter the closing entries to prepare for the next accounting period, the next month of operations.
Our Promise to You
By the end of this course, you will have learned accounting cycle entries using Excel.
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Get started today and learn more about the accounting cycle problem for partnerships with the use of Excel.
10 Partnership Comp Prob Introduction
20 Partnership Comp Prob Stock Purchase
30 Partnership Comp Prob Equipment Purchase
40 Partnership Comp Prob Supplies Purchase
50 Partnership Comp Prob Revenue On Account
60 Partnership Comp Prob Customer Payment Unearned Revenue
70 Partnership Comp Prob Purchase Insurance
80 Partnership Comp Prob Unhide And Hide pains
90 Partnership Comp Prob Pay Vendor One Account
100 Partnership Comp Prob Receive Cash On Account
110 Partnership Comp Prob Revenue For Cash
120 Partnership Comp Prob Pay Expenses
130 Partnership Comp Prob Draws
140 Partnership Comp Prob Adj Entry Insurance
150 Partnership Comp Prob Adj Entry Supplies
160 Partnership Comp Prob Adj Entry Depreciation
170 Partnership Comp Prob Adj Entry Wages
180 Partnership Comp Prob Adj Entry Unearned Revenue
190 Partnership Comp Prob Financial Statements Assets
200 Partnership Comp Prob Liability And Equity
210 Partnership Comp Prob Net Income
220 Partnership Comp Prob Statement Of Equity
230 Partnership Comp Closing Entry One
240 Partnership Comp Closing Entry Two
250 Partnership Comp Closing Entry Three
260 Partnership Comp Closing Entry Four
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