The account balances of wilford towing service at june 30, 2016,

ACC 600: Accounting and Finance for Managers

Assignments: Week One


Exercise #1

Preparing the balance sheet


The account balances of Wilford Towing Service at June 30, 2016, follow:


1.       Prepare the balance sheet for Wilford Towing Service as of June 30, 2016.

2.       What does the balance sheet report?


Exercise #2

Journalizing transactions from T-accounts


In December 2016, the first five transactions of Atkins’ Lawn Care Company have been posted to the T-accounts. 


Prepare the journal entries that served as the sources for the five transactions. Include an explanation for each entry.


Exercise #3

Preparing a trial balance


The accounts of Aker Moving Company follow with their normal balances as of August 31, 2016. The accounts are listed in no particular order.



Prepare Aker’s trial balance as of August 31, 2016.

Need your ASSIGNMENT done? Use our paper writing service to score better and meet your deadline.

Click Here to Make an Order Click Here to Hire a Writer