Brief Exercise (Sole Proprietorship)
Exercise (Sole Proprietorship)
Problem (Sole Proprietorship)
Brief Exercise (Corporate)
Exercise (Corporate)
Problem (Corporate)
Instructor Note: Assignments are prepared separately assuming the entity’s organization structure is either a sole proprietorship or corporation. Accordingly, sole proprietorship assignments use account titles such as Owner Capital and Withdrawals, whereas corporate assignments use account titles such as Common Stock, Retained Earnings, and Dividends.