1. Assignment: Accounting 201 Review Cornelian Window Washing
Download the Accounting 201 review.
The company is Cornelian Window Washing and its business is washing windows (that means Service Revenue, not Sales Revenue).

2. Cornelian Window Washing Assignment
Review the Chart of Accounts
Read The instructions—
Required: complete the assignment and submit ONE document:
Journal Entries
T Accounts with ending balances
Trial Balance with totals
Statements
Answer questions
Then, next day, complete a Peer Review

3. Cornelian Window Washing
Let’s do the first transaction together.
July 1st, 2011
Issued $9,000 of common stock for $9,000 of cash.
JOURNAL ENTRY:
Debit Credit
CASH $9,000
COMMON STOCK $9,000
To record investment in company
Be sure to include descriptions on all Journal Entries for Assignments and Exams (however, not required for Homework)

4. Cornelian - Post to T Accounts
Common Stock
Cash
9,000
9,000

5. Cornelian Window Washing
Now do the rest of the Journal Entries
And post to T accounts

6. Cornelian Window Washing
Then the adjustments
And post them to T accounts
Then total up the T accounts and note the ending balance on the debit or credit side

7. Cornelian Window Washing
Then prepare the Trial Balance
Need a review? Check out Chapters 1-4
Be sure to put the total on the Trial balance for both columns, debit and credit.

8. Cornelian Window Washing Now it’s time to prepare the statements
Income Statement
Retained Earnings
Balance Sheet

9. Cornelian Window Washing
Don’t forget to answer the questions!
Submit it by the due date.
ONE DOCUMENT ONLY, PLEASE!
The following day, return to your assignment and select Peer Review.
You will review someone else’s work.

10. What’s next…. Work on your Accounting 201 Review assignment
Continue to read Chapter 8, review the PowerPoint Slides, and coursepack.
Then, complete the Reading Notes, Ch 8 Homework, and quiz and the handouts and lecture slides.