2 Culminating Project BAF3M S Introduction This is a simulation of the accounting cycle of a merchandising business It is your final summative evaluation You are the professional accountant for The Green Store owned by S Redmond You have the task of preparing the financial statements for The Green Store The Green Store sells composters and environmentally friendly products The Green Store uses the Periodic Inventory method 7 B You have been given the following Worksheet Tab 1 The introductory page this page Tab 2 Tab 3 10 11 Tab 4 Tab 5 The Trial Balance at the end of September 30, 2015 The Financial transactions for the month of October 2015, the last month of the fiscal year and the Journal template General Ledger with Balances at September 30, 2015 The adjustments and additional information required to complete the accounting cycle for the year Be sure to calculate amortization depreciation for one full year and the Journal template 12 Tab 6 Worksheet template 34 Tab 7 Income Statement template Tab 8 Balance Sheet template Tab 9 Joumal template for Closing Entries NOTE This business has a fiscal year ended October 31, 2015 When taxes are applicable, you will be given this information HST is 13 You will make the adjustments and closing entries for the year Instructions From the information you have received, complete the following steps, in the order listed Hints have been provided in the form of check figures Instructions Tr Bal Sept 30 Trans GenLed Adj Wkst

Question

2 Culminating Project BAF3M S Introduction This is a simulation of the accounting cycle of a merchandising business  It is your final summative evaluation You are the professional accountant for The Green Store owned by S  Redmond  You have the task of preparing the financial statements for The Green Store  The Green Store sells composters and environmentally friendly products  The Green Store uses the Periodic Inventory method  7 B You have been given the following  Worksheet   Tab 1 The introductory page this page  Tab 2 Tab 3 10 11 Tab 4 Tab 5 The Trial Balance at the end of September 30, 2015 The Financial transactions for the month of October 2015, the last month of the fiscal year and the Journal template General Ledger with Balances at September 30, 2015 The adjustments and additional information required to complete the accounting cycle for the year  Be sure to calculate amortization depreciation for one full year and the Journal template 12 Tab 6 Worksheet template  34 Tab 7 Income Statement template    Tab 8 Balance Sheet template  Tab 9 Joumal template for Closing Entries  NOTE  This business has a fiscal year ended October 31, 2015 When taxes are applicable, you will be given this information  HST is 13   You will make the adjustments and closing entries for the year Instructions From the information you have received, complete the following steps, in the order listed  Hints have been provided in the form of check figures Instructions Tr Bal  Sept 30 Trans GenLed Adj  Wkst

Accepted Answer

To complete this culminating project for The Green Store according to the provided instructions follow the detailed steps below This will guide you through journalizing and posting transactions prepar...

2 Culminating Project BAF3M S Introduction This is a simulation of the accounting cycle of a...

Question:

Fundamentals Of Taxation 2015

2 Culminating Project BAF3M S Introduction This is a simulation of the accounting cycle of a...

Question:

Expert Answer:

To complete this culminating project for The Green Store according to the provided instructions follow the detailed steps below This will guide you through journalizing and posting transactions prepar... View the full answer

Fundamentals Of Taxation 2015

Students also viewed these Accounting questions