Overview and Guidelines
This Course Project is the signature assignment of ACCT212.
Each student will complete the two milestones of the Course Project.
The Course Project template has all of the information you will need to complete the project. The template also includes the following.
- Detailed project instructions with requirements
- A reference list of July transactions
- A chart of accounts reference sheet
- A grading rubric to help explain what is expected
- Each worksheet has the check figures embedded as a comment
Milestone 1
To complete the Milestone 1 of the Course Project (due at the end of Week 4), do the following.
- Complete requirements 1-3 on the worksheets.
- Type your work directly into the worksheets.
- Save your workbook as "Milestone 1_CourseProject_ ACCT212_Your_Name."
- Don't forget to submit your workbook by the end of Week 4.
Use the following account descriptions for journal entries. 17 Pred insist Felinesia pvt Honge Fathae%ew Punjabi - Gwefano Srihari Auroperpretinatiniatv Inicio During its first month of operation, Peter's Pool Corporation, which specializes in pool repairs, completed the following transactions. Chart of Accounts Account Number Account Title Normal Balance Ordo -GetPdircle itas Sehidere te Dederteamet pot d first Date Account Type Assels Tona 111 117 119 Cash Debit Repair Supplies Debit Prepaid Insurance Debit Repair Equipment Debit Accum Dep-Repair Equipment Credit Sonario Erion The Post Podated Isaiarasappinentain tyroirst part. N 145 ostatninger sodybugtong July 1 July 6 July Transactions Transaction Description Began business by making a deposit in a company bank account of $40,000, in exchange for 4,000 shares of $10 par value common stock Paid tine premium on a 1-year insurance policy, $4800. Paid the current month's store rent expense $3.600. Purchased repair equipment from Pouls Pool Equipment Company. $7.800. Paid $600 down and the balance was placed on account. Purchased repair supplies from Mary's Repair Company on credt $450. Paid telephone bil $300. Cash pool service revenue for the first third of July. $2650. Liabilities 212 213 Accounts Payable Income Tax Payable Credit Credit PS July 8 Stockholders Equity ACETIR Cool Pet Description I ?Share . 311 312 313 Common Stock Retained Earnings Dividends Credit Credit Debit ori July 10 July 11 Revenue 118 411 Pool Service Revenue Credit 5 July 18 July 20 Expenses 1 Made payment to Mary's Repair Company, $300. Cash pool service revenue for the second third of July, $4.000 Cash pool service revenue for the last third of July. $2.250. 1 1 glis) Denne helby July 31 511 512 513 514 515 516 517 Store Rent Expense Debit Telephone Expense Debit Insurance Expense Debit Repair Supplies Expense Debit Dep Expense - Repair Equipment Debit Income Tax Expense Debit Electric Expense Debit July 31 July 31 Paid ine current monin's electric bill. $500 Declared and paid cash dividend of $1,100. Gadis Miesto istori Vent . This includes projet ponts 12 Use the following account descriptions for journal entries. 17 Pred insist Felinesia pvt Honge Fathae%ew Punjabi - Gwefano Srihari Auroperpretinatiniatv Inicio During its first month of operation, Peter's Pool Corporation, which specializes in pool repairs, completed the following transactions. Chart of Accounts Account Number Account Title Normal Balance Ordo -GetPdircle itas Sehidere te Dederteamet pot d first Date Account Type Assels Tona 111 117 119 Cash Debit Repair Supplies Debit Prepaid Insurance Debit Repair Equipment Debit Accum Dep-Repair Equipment Credit Sonario Erion The Post Podated Isaiarasappinentain tyroirst part. N 145 ostatninger sodybugtong July 1 July 6 July Transactions Transaction Description Began business by making a deposit in a company bank account of $40,000, in exchange for 4,000 shares of $10 par value common stock Paid tine premium on a 1-year insurance policy, $4800. Paid the current month's store rent expense $3.600. Purchased repair equipment from Pouls Pool Equipment Company. $7.800. Paid $600 down and the balance was placed on account. Purchased repair supplies from Mary's Repair Company on credt $450. Paid telephone bil $300. Cash pool service revenue for the first third of July. $2650. Liabilities 212 213 Accounts Payable Income Tax Payable Credit Credit PS July 8 Stockholders Equity ACETIR Cool Pet Description I ?Share . 311 312 313 Common Stock Retained Earnings Dividends Credit Credit Debit ori July 10 July 11 Revenue 118 411 Pool Service Revenue Credit 5 July 18 July 20 Expenses 1 Made payment to Mary's Repair Company, $300. Cash pool service revenue for the second third of July, $4.000 Cash pool service revenue for the last third of July. $2.250. 1 1 glis) Denne helby July 31 511 512 513 514 515 516 517 Store Rent Expense Debit Telephone Expense Debit Insurance Expense Debit Repair Supplies Expense Debit Dep Expense - Repair Equipment Debit Income Tax Expense Debit Electric Expense Debit July 31 July 31 Paid ine current monin's electric bill. $500 Declared and paid cash dividend of $1,100. Gadis Miesto istori Vent . This includes projet ponts 12
