Click on the links below for the exercise and related materials.
Exercise
bs.wbn.je.040 Recording BSE entries and creating balance sheets [pdf]
Exercise Materials
JP's Smart Phones' chart of accounts, beginning balances, and net effects of other entries [pdf]
JP's Smart Phones' blank journal entries template [pdf]
JP's Smart Phones' blank T-account template [pdf]
JP's Smart Phones' blank balance sheet [pdf]
Alternatively, use one of the following Excel templates:
JP's_smartphone_worksheets [xlsx] JP's_smartphone_worksheets [xls]
Exercise Solution
bs.wbn.je.040 Solution [pdf]