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Accounting: MOD # 1 Accounting: Student Name Allied American University Author Note This paper was prepared for [INSERT COURSE NAME], [INSERT COURSE ASSIGNMENT] taught by [INSERT INSTRUCTOR'S NAME]. Accounting: ACC225: Principles of Accounting I Module 1 Homework Assignment Directions: Please use an Excel Spreadsheet to present your homework (note: if you have a Mac, you may use Pages). Accounting homework cannot be accomplished in Microsoft Word. Please use the presentations that have been provided with the course as reference. Also, you may use the Generic Working Papers Excel Workbook found in the Course Resources to complete this assignment. Please visit the Course Resources section. Please note that you may have additional written homework alongside these application assignments. Please complete the following exercises found at the end Chapter 1: Quick Study exercise: QS 1-10 Problem Set A: Problem 1-1A Problem Set A: Problem 1-8A Problem Set A: Problem 1-10A Problem Set A: Problem 1-12A COURSE-LONG PROJECT DIRECTIONS: This course contains a course-long project in which you will work on a variety of problems in regards to a computer services company called Business Solutions. Each module will build upon one another, so it is important to complete each part successfully. Please note that there are 4 total parts to the course-long project. You will have 2 weeks to complete each part. Please note the schedule below: Part 1 will be due at the end of Module 2. Part II will be due at the end of Module 4. Part III will be due at the end of Module 6. Part IV will be due at the end of Module 8. This course-long project is a serial problem taken from your textbook. You can view the problem starting in Chapter 1. It will continue through Chapter 4. Please use the Generic Working Papers Excel Workbook found in the Course Resources to complete this project. COURSE-LONG PROJECT: PART I (Modules 1 and 2) Scenario: On October 1, 2015, Santana Rey launched a computer services company, Business Solutions, that is organized as a proprietorship and provides consulting services, computer system installations, and custom program development. Rey adopts the calendar year for reporting purposes and expects to prepare the company's first set of financial statements on December 31, 2015. Please complete the following: Create a table like the one in Exhibit 1.9 using the following headings for columns: Cash; Accounts Receivable; Computer Supplies; Computer System; Office Equipment; Accounts Accounting: Payable; S. Rey, Capital; S. Rey, Withdrawals; Revenues; and Expenses. Then use additions and subtractions within the table created to show the dollar effects for each of the following October transactions for Business Solutions on the individual items of the accounting equation. Show new balances after each transaction. Oct. 1 3 6 8 10 12 15 17 20 22 28 31 31 S. Rey invested $45,000 cash, a $20,000 computer system, and $8,000 of office equipment in the company. The company purchased $1,420 of computer supplies on credit from Harris Office Products. The company billed Easy Leasing $4,800 for services performed in installing a new web server. The company paid $1,420 cash for the computer supplies purchased from Harris Office Products on October 3. The company hired Lyn Addie as a part-time assistant for $125 per day, as needed. The company billed Easy Leasing another $1,400 for services performed. The company received $4,800 cash from Easy Leasing as partial payment toward its account. The company paid $805 cash to repair computer equipment damaged when moving it. The company paid $1,728 cash for advertisements published in the local newspaper. The company received $1,400 cash from Easy Leasing toward its account. The company billed IFM Company $5,208 for services performed. The company paid $875 cash for Lyn Addie's wages for seven days of work this month. S. Rey withdrew $3,600 cash from the company for personal use. Note: You will submit your work at the end of the Module 2 Homework Assignment. Accounting: Mod # 1 Homework QS 1-10 ASSETS POLARIS: = LIABILITIES + EQUITY --------------------------------------------------------------------------------------------------------------------87,8676.00 72,7968.00 50,0056.00