ACC504 Case Study 1 The complete accounting cycle.

ACC504 Case Study 1 The complete accounting cycle.

CASE STUDY 1 -THE COMPLETE ACCOUNTING CYCLE

 The entire Case Study is due Sunday at midnight mountain time at the end of Week 3.

This Case Study is worth 100 points or 10% of your final course grade.

This Case Study relates to TCOs D and E and Chapters 3 and 4.

MAKE SURE TO COMPLETE ALL REQUIREMENTS WHICH ARE LISTED BELOW.

There are 10 sheets in the Workbook including this one.

All of the Information you need for the project is located in this Workbook.

Requirements	Sheet in Workbook
Requirement 1—Prepare the Journal Entries in the General Journal	Journal Entries
Requirement 2—Post Journal Entries to the General Ledger	General Ledger
Requirement 3—Prepare a Trial Balance	Trial Balance
Requirement 4—Prepare the Adjusting Entries	Adjusting Entries
Requirement 5—Post Adjusting Entries to the General Ledger	General Ledger
Requirement 6—Prepare an Adjusted Trial Balance	Adjusted TB
Requirement 7—Prepare the Financial Statements	Financial Statements
Requirement 8—Prepare the Closing Entries	Closing Entries
Requirement 9—Post Closing Entries to the General Ledger	General Ledger
Requirement 10—Prepare the Post Closing Trial Balance	Post Closing TB

 

Hint for success: Review the Week 2 Lecture prior to starting this project.
There are also hints contained within certain cells on some of the worksheet tabs.
You can hover over the red pointer at the top right-hand corner of the cell to read the hint.

Hints are provided for the following balances:

1) The debits for the journal entries are on the Journal Entries tab.
2) The credits for the journal entries are on the Journal Entries tab.
3) The cash balance is on the General Ledger tab.
4) The debits for the trial balance are on the Trial Balance tab.
5) The credits for the trial balance are on the Trial Balance tab.
6) The debits for the adjusted trial balance are on the Adjusted Trial Balance tab.
7) The credits for the adjusted trial balance are on the Adjusted Trial Balance tab.
8) Net income for the income statement is on the Financial Statements tab.
9) Retained earnings as of March 31 are on the Financial Statements tab.
10) Total assets for the balance sheet are on the Financial Statements tab.
11) Total liabilities and shareholders' equity for the balance sheet are on the Financial Statements tab.
12) The debits for the post-closing trial balance are on the Post-Closing Trial Balance tab.
13) The credits for the post-closing trial balance are on the Post-Closing Trial Balance tab.

 

TUTORIAL PREVIEW

The statement of cash flows is a required financial statement, but is not required for this project.
Flower Landscaping Corporation				Flower Landscaping Corporation			Flower Landscaping Corporation
Income Statement				Statement of Retained Earnings			Balance Sheet
For the Month Ending March 31				For the Month Ending March 31			March 31
Revenues:				Retained Earnings, March 1	$    -		Assets:
Landscaping Revenue		$10,200		Add: Net Income	1,855		Cash		$69,250
				Subtotal	1,855		Prepaid Insurance		3,025
Expenses:				Less: Dividends	1,000		Supplies		475
Rent Expense	4,500			Retained Earnings, March 31	$855		Equipment	9,000
Salaries Expense	2,200						Less: Accum. Depr.	150	8,850

 

File name: ACCT504-Case-Study1.xls  File type: XLS  PRICE: $40