Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

fundamentals of accounting Select any company of your choice to complete this project. a submit a complete accounting cycle for 25 transactions (detailed as following).

fundamentals of accounting

image text in transcribed
Select any company of your choice to complete this project. \"a submit a complete accounting cycle for 25 transactions (detailed as following). 0 10 business transactions related to revenues and expenses. ' 10 business transactions related to assets and liabilities (including deferral entries to record adjusting entry at later stage) t 5 business transactions as adjusting entries requiring adjustment aer unadjusted trail balance. Make sure you are not repeating journal entries (Use at least 12 different account titles in journal entries like cash, receivable. common stock depreciation esp etc). Requirements: l. introduction of the company [I'm 2. Type of company business (Services. Manufacturing and Merchandising) 3. Transactions 4. Journal 5. Ledger 6. Trial Balance 7. Adjustments 8. Adjusted Trial balance 9. Financial Statements (Income Statement. Statement of changes in RE and balance Sheet) l0. Notes ll. Closing Entries l2. Aer Closing Trial balance l3. Just nd in the annual report and write either the company is using perpetual inventory system or periodic inventory system

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Access For Computer Accounting

Authors: Donna Kay

19th Edition

1259741109, 9781259741104

More Books

Students also viewed these Accounting questions

Question

Pollution

Answered: 1 week ago

Question

The fear of making a fool of oneself

Answered: 1 week ago