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My Accounting Corporation My Accounting Corporation does basic bookkeeping, payroll service and financial statement preparation for small to mid-sized companies. My Accounting Corporation serves a

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My Accounting Corporation My Accounting Corporation does basic bookkeeping, payroll service and financial statement preparation for small to mid-sized companies. My Accounting Corporation serves a five-state area including Illinois, Indiana, lowa, Michigan and Wisconsin. The company has been in business for 20 years. In recent years, annual revenues at My Accounting Corporation have exceeded $5 million. Luciano Mastriano is the VP in charge of New Client Accounts at My Accounting Corporation He recently hired you as an intern. Luciano held a meeting with all the interns to explain what the intern responsibilities will be. At the meeting he introduced you to Maggie Kim, Manager- in-Charge for new client accounts in Ilinois Maggie gave your intern group an assignment to do the bookkeeping and limited-scope financial statement preparation for four start-up companies. All four of the companies started business January 1, 2018. [This activity involves doing the work for Dog 'N Cat Corp only.] Required 1. 2. 3. Complete the Transaction Worksheet. Post all journal entries to T-accounts. Prepare a set of properly formatted journal entries for the transactions listed 4 Complete a Transaction Analysis indicating how each transaction affected total assets, total liabilities and total equity. 5. 6. 7. Prepare a Trial Balance Prepare the January 31 Balance Sheet Prepare the Statement of Cash Flows for the Month Ending January 31. My Accounting Corporation My Accounting Corporation does basic bookkeeping, payroll service and financial statement preparation for small to mid-sized companies. My Accounting Corporation serves a five-state area including Illinois, Indiana, lowa, Michigan and Wisconsin. The company has been in business for 20 years. In recent years, annual revenues at My Accounting Corporation have exceeded $5 million. Luciano Mastriano is the VP in charge of New Client Accounts at My Accounting Corporation He recently hired you as an intern. Luciano held a meeting with all the interns to explain what the intern responsibilities will be. At the meeting he introduced you to Maggie Kim, Manager- in-Charge for new client accounts in Ilinois Maggie gave your intern group an assignment to do the bookkeeping and limited-scope financial statement preparation for four start-up companies. All four of the companies started business January 1, 2018. [This activity involves doing the work for Dog 'N Cat Corp only.] Required 1. 2. 3. Complete the Transaction Worksheet. Post all journal entries to T-accounts. Prepare a set of properly formatted journal entries for the transactions listed 4 Complete a Transaction Analysis indicating how each transaction affected total assets, total liabilities and total equity. 5. 6. 7. Prepare a Trial Balance Prepare the January 31 Balance Sheet Prepare the Statement of Cash Flows for the Month Ending January 31

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