Purpose of This Project: This project is designed to teach/remind you about the recording process involved in companys accounting cycle and the interconnections and links between different components of accounting information systems, including journals and ledgers. The objective of this assignment is to: Reinforce your understanding of journals, ledgers, and the accounting cycle; Provides a visual representation of data flows within an accounting information system; and Aid your understanding of what an audit trail is and why it is important. The 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 farms 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 t-accounts, journals, and ledgers provided in the Excel template. The first Sales and Cash Receipts transactions have been started for you, so use those transactions as your guide. Additionally, the Journals_Ledgers supplement provided with this assignment, along with the discussion of journals and ledgers in Chapter 2, can give you guidance as well. 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. Again, follow the provided transaction example as your guide. Also, use a separate journal page for each day of transactions and transfer one total amount to the general ledger accounts, as was done with the textbook and supplement example. Last, sum all the T-accounts and Balance columns to show the account balance after all transactions have been recorded

Along with the rest, there is a sales journal page 1 & 2, and Cash receipts journal page 1 & 2 i need help filling out.

Cowh Recelpts Cowh Recelpts