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Name Oklahoma State University Spears School of Business ACCT3603 - Accounting Information Systems Spring 2018 Ledger Project The Happy, Happy, Happy (Happy X3) Farm is
Name Oklahoma State University Spears School of Business ACCT3603 - Accounting Information Systems Spring 2018 Ledger Project The Happy, Happy, Happy (Happy X3) Farm is a family-owned, 200-acre farm that grows and sells catfish through various retail outlets, including local grocery stores. Happy X3 has 10 full- time employees and hires some part-time employees when the catfish ponds need to be drained and the fish cleaned. For the past six summers, you worked as one of the part-time employees for Happy X3. When you graduated, you were hired on as the full-time accountant/office manager. Until now, Happy X3 kept most of its accounting records in a big shoe box until tax season rolled around. Jack Robertson, the owner, would like a more organized approach to the farm's accounting records He asked you to establish a proper accounting information system based on the size of Happy X3. You decide to start by establishing appropriate paper-based journals and ledgers for these sales transactions Assignment For this assignment, you need to finish recording the transactions on the next page in the appropriate journals and ledgers shown on the subsequent pages. Use the Journals_Ledgers supplement as your guide for this assignment, along with the discussion of journals and ledgers in Chapter 2. Also, the first transaction has already been done for you For each ledger and journal, be sure to leave a proper audit trail between the journals and ledgers, which means you need to include the proper posting references between the sections Last, sum all the T-accounts and Balance columns to show the account balance after all transactions have been recorded Note that you must complete this assignment individually. You are allowed to discuss the project with your classmates, but each student must submit their own work for grading. To complete this assignment, answers must be handwritten into the pages provided. Typed submissions will receive zero points
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