Please solve the question, and if you do not know, leave it for someone else to answer it, because I need a full answer, thank you for your efforts and help
Dear Finance controller, Below is the payroll of our company staff for the month of December 2022. PAYROLL Regards, Payroll officer Note: It is the company's policy to pay their workers' salaries on the 5th day of the following month to give more time for the accounting department to prepare their payroll. Required issuming the role of the accounting team of Homey Electronics Co: A) Record the necessary adjusting and correcting journal entries for the year ended December 31, 2022. (45 marks). Notes: - You must show all your workings for part A, using tables, schedules, calculations and explanations, where appropriate. - Ignore VAT implications. - Screenshots are NOT allowed. B) Prepare an accounting worksheet reflecting the related accounts, unadjusted trial balance, adjustments and adjusted trial balance for the year ended December 31, 2022 (10 marks). Note: - Screenshots are NOT allowed. C) Prepare a statement of profit or loss and a statement of owner's equity for the year 2022, and a statement of financial position at December 31, 2022 (21 marks). Note: - Screenshots are NOT allowed. D) Prepare a memorandum to the owner of Homey Electronics Co. on the company's profitability and efficiency \& liquidity by computing and interpreting two (2) ratios for each group. Word count: ( 400 words +/10%)(8 marks). E) Discuss how the accounting principles, assumptions, and/or constraints apply to Homey Electronics Co.'s financial accounting and reporting. Your discussion should include four examples and applications from the case. Word count: ( 600 words +/10%). ( 8 marks) F) Discuss how the financial statements of Homey Electronics Co. can address the needs of the users of financial information. Your discussion should highlight the needs of four different users of financial information and how the information on the financial statements can address these needs. Word count: ( 600 words +/10%). (8 marks) - Use APA 7" edition and abide by the assessment policies including academic honesty - Behave ethically and responsibly while conducting assessment tasks and avoid any action that would unfairly disadvantage another student - Notify your tutor as soon as possible if difficulties arise with timing, online access, availability of resources or anv other task requirements Dear Finance controller, Below is the payroll of our company staff for the month of December 2022. PAYROLL Regards, Payroll officer Note: It is the company's policy to pay their workers' salaries on the 5th day of the following month to give more time for the accounting department to prepare their payroll. Required issuming the role of the accounting team of Homey Electronics Co: A) Record the necessary adjusting and correcting journal entries for the year ended December 31, 2022. (45 marks). Notes: - You must show all your workings for part A, using tables, schedules, calculations and explanations, where appropriate. - Ignore VAT implications. - Screenshots are NOT allowed. B) Prepare an accounting worksheet reflecting the related accounts, unadjusted trial balance, adjustments and adjusted trial balance for the year ended December 31, 2022 (10 marks). Note: - Screenshots are NOT allowed. C) Prepare a statement of profit or loss and a statement of owner's equity for the year 2022, and a statement of financial position at December 31, 2022 (21 marks). Note: - Screenshots are NOT allowed. D) Prepare a memorandum to the owner of Homey Electronics Co. on the company's profitability and efficiency \& liquidity by computing and interpreting two (2) ratios for each group. Word count: ( 400 words +/10%)(8 marks). E) Discuss how the accounting principles, assumptions, and/or constraints apply to Homey Electronics Co.'s financial accounting and reporting. Your discussion should include four examples and applications from the case. Word count: ( 600 words +/10%). ( 8 marks) F) Discuss how the financial statements of Homey Electronics Co. can address the needs of the users of financial information. Your discussion should highlight the needs of four different users of financial information and how the information on the financial statements can address these needs. Word count: ( 600 words +/10%). (8 marks) - Use APA 7" edition and abide by the assessment policies including academic honesty - Behave ethically and responsibly while conducting assessment tasks and avoid any action that would unfairly disadvantage another student - Notify your tutor as soon as possible if difficulties arise with timing, online access, availability of resources or anv other task requirements
