Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Exercise 80

Analyzing, Recording, and Summarizing Business Activities and Adjustments
The following relates to a magazine company called My Style Mag (MSM). You will use your understanding of the relationships among: (1) business activities, (2) accounting equation effects, (3) journal entries, and (4) T-accounts, to complete a four-part table similar to the following. Prepare a separate table for each item ( a )-( f ) listed below.

Required:
For each item ( a )-( f ) listed below, use the information provided to prepare and complete a four-part table similar to that shown above. Items ( a )-( f ) are independent of one another.
a.

b.

c.

d.

e.

f.