Prepare journal entries for each transaction

Assignment Help Accounting Basics

Reference no: EM133542262

Question 1: Prepare journal entries for each transaction. Use the account titles that Exxon Mobil uses in the list above when a balance sheet account is affected.

Question 2: Prepare T-accounts for the current year from the preceding list; enter the beginning balances based on the prior year's DDecember 31 ending balance.

Question 3: Prepare an unadjusted income statements for January of the current year.

Question 4: Compute the company's net profit margin ratio for the month ended January 31 of the current year. What does it suggest to you about Exxon Mobil Corporation?

Reference no: EM133542262

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