1. This is case study for WorldCom. I am stuck at those 3 questions, please I need help.

2. Please address the following requirements using complete sentences unless otherwise noted. The use of appropriate spelling, grammar, sentence structure, formatting and punctuation is required, and will be considered as part of the grade for this assignment. You may work on this project with other students; one write-up will be submitted for each student, in his or her own words.

3. 1. One of the other significant ways that WorldCom misstated their earnings as part of this fraud was through the capitalization of excess network capacity. Provide the journal entry that WorldCom would have recorded to capitalize this excess network capacity. In parentheses, after the account name, please identify the financial statement category (A, L, SE, R, or E) to which each account belongs. You may ignore the dollar amount component of the journal entry. For this particular question you may also ignore the complete sentences rule and depict your answer in journal entry format.

2. Using generic, yet descriptive, account titles provide the journal entry that WorldCom should have recorded to appropriately account for this excess network capacity. In parentheses, after the account name, please identify the financial statement category (A, L, SE, R, or E) to which each account belongs.

3. Describe the financial statement impact the capitalization of excess network capacity had on WorldComs records in contrast to how they would have been impacted had the excess capacity been accounted for appropriately.