Question
I wanted to try an create a manufacturing company, operating for around two months and see the process of how it works to help understand
I wanted to try an create a manufacturing company, operating for around two months and see the process of how it works to help understand what i am learning in class! You can create any company and create the Points that i mentioned down below! I wanted to see how they all change in order (preferrably through excel!) Thank you
- General Journal
- General Ledger
- Unadjusted Trial Balance
- Adjusted Trial Balance
- Post-closing Trial Balance
- Cost of Goods Manufactured Schedule
- Income Statement
- Retained Earnings Statement
- and Balance Sheet
Once these are filled out, could you explain why the information was used!
- Fiscal Year-End (why this date was chosen!)
- Organizational layout (department descriptions, personnel, etc.)
- Capital investment requirements (Assets needed to start the business and associated costs)
- Financing of Assets (where did the money come from to purchase your assets)
- Inventory analysis of your company (Raw Materials, Work-in-Process and Finished Goods), product costing method (job cost or process cost) including individual jobs or processes.
- Summarize financial information of your company. Include in this discussion the financial results of the two months operation and the companys future goals.
- And anything else that would help me understand! Thank you
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