Balance sheets do not always balance once they are prepared, and income statements do not always contain correct account

Balance sheets do not always balance once they are prepared, and income statements do not always contain correct account data. This can cause havoc across the accounting department and requires the accountant to locate the missing or incorrect data. Financial statement preparation will be an important skill during this process, as you will discover when you determine the missing amounts in the statement in this assignment.

Instructions

For this assignment, use the BUS3061 Assignment u02a4 Template (listed under Resources).

In each of the two sets of organization financial statement information, two items have been omitted. Determine the missing amounts and fill them in on the template to complete the financial statement information.