Building Blocks of Accounting $..$ A Financial Perspective

Welcome

Page $1$

Welcome to the world's first ePractice case, an individualized, internet generated and

and graded case study that focuses on the analytically portion of the accounting cycle.

Step $1$ The Chart of Accounts includes all of the accounts that you can use to solve your case.

You may want to print the chart of accounts and use it as an easy reference guide.

Step $2$ Journalizing the Transactions

Using your unique transactions record the corresponding general journal entry, rounding to

two decimal places, $=$Round$($value$,2).$

Step $3$ Using the Worksheet for the Period Ending December $31$st as a reference, prepare the

Income Statement, Statement of Changes in Retained Earnings and the Balance Sheet.

If you have questions with the worksheet see FAQ# $5.$

Step $4$ Record the closing entries to Retained Earnings in the general journal.

Step $5$ Upload the File.

Whenever you want to have

cybertext.com grade your work submit it to them on the bottom

of the screen that you downloaded the file. If you have a problem uploading see FAQ $01.$

Step $6$ You will be graded on the Journal Entries and the four financial statements and the ratio analysis. The

case will be computer graded, therefore make sure all numbers are in the appropriate cells. The

computer will evaluate your transactions when grading your financial statements.

Step $7$

Note: Save and make backup copies regular