Discuss the ethical issues of sherry preparing

Reference no: EM132648357

Problem 1: Discuss the ethical issues of Sherry preparing her own financial statements

Assume Tata Company began operations on January 1 and completed the following transactions during its first month of operations. Arrange the following asset, liability, and equity titles: Cash; Accounts Receivable; Equipment; Accounts Payable; J. Tata, Capital; J. Tata, Withdrawals; Revenues; and Expenses.

Jan. 1 Jamsetji Tata invested $4,000 cash in Tata Company.

5 The company purchased $2,000 of equipment on credit.

14 The company provided $540 of services for a client on credit.

21 The company paid $250 cash for an employee's salary

Reference no: EM132648357

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