Team Instructions: Divide the class into teams of three or four people.Each team member should work the following problem separately outside of class.Then give the students time in class to compare answers with their teammates and put together a final correct copy of the problem.Each team should turn in only one copy of the problem for grading.All team members will receive the same grade.
Part A: Record the transactions in the following accounting equation worksheet by filling in the amount using "()" if the amounts are negative.Also fill in the account title from the list of accounts below (use the abbreviations given):
Part B: Using the information from Part A,fill in the missing information on the following financial statements.
Part C: Using the transactions and financial statements from Parts A and B,answer the following questions:
Part D: Write the name of the one financial statement where the following information is found.
Correct Answer:
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