3 1 final project milestone one accounting workbook steps 1 4

Please help!!! I need my trial balance to be corrected as I know it does not match and I need a lot of help completing steps I have my trial balance at the bottom and i have include Create financial statements by properly employing prescribed methods in accordance with generally accepted accounting principles: A.

Step Eight: Prepare the financial statements. Note that I have to complete the Trial Balance for an accounting project. This is what I currently have: This is the feedback I received from my professor: Additionally, I need assistance with the Adjusting Below you will find the data required to make Record financial data that accurately captures business transactions according to Questions Courses.

3 1 final project milestone one accounting workbook steps 1 4

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Didn't find yours? Ask a new question Get plagiarism-free solution within 48 hours. Review Please.This chart of accounts should help you identify the appropriate accounts to record to as you are analyzing and journaling transactions for this workbook.

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There is nothing to complete on this page; this is simply a resource for you. Only accounts on this page can be used. Revenue Accounts. Bakery Sales Merchandise Sales he appropriate accounts to record to as you are analyzing and is nothing to complete on this page; this is simply a resource for you. Expense Accounts. Total 51, Date Accounts Debit 1-Sep Dividends 10, Prepaid rent Prepaid insurance 7-Jul 1, Jul 2, Accounts payable Wages expense 6, Dividends Telephone expense 1-Sep 10, Jul 75 Aug Merchandise Sales Advertising expense Jul Bakery Sales 15, Jul 20, Aug 20, Sep - 55, FIFO 7-Sep Expense Total: FIFOOperating Expenses: Baking Supplies Expense 18, Assets Current Assets: Cash 49, Total Current Assets 72, Total Assets: 71, Total Liabilities: 7, Totals 96, No other entries are needed.

Learn more about Scribd Membership Home. Read Free For 30 Days. Much more than documents. Discover everything Scribd has to offer, including books and audiobooks from major publishers. Start Free Trial Cancel anytime. Uploaded by TJEM. Date uploaded Nov 04, Did you find this document useful? Is this content inappropriate? Report this Document. Flag for inappropriate content. Download Now.This chart of accounts should help you identify the appropriate accounts to record to as y journaling transactions for this workbook.

There is nothing to complete on this page; this is you. Supplies Expense Cost of Goods Sold. Cash 15, Notes Payable Baking supplies 1, adj 9, Accounts payable Salary and Wages expense LIFO Adjusted trial balance Debit Credit 89, Learn more about Scribd Membership Home. Read Free For 30 Days.

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3 1 final project milestone one accounting workbook steps 1 4

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ACC 201 Accounting Cycle Workbook

Carousel Previous Carousel Next. Jump to Page. Search inside document. Supplies Accounts Receivable Accumulated Depreciation Merchandise Inventory This chart of accounts should help you identify the appropriate accounts to record to as y journaling transactions for this workbook.

Liability Accounts Acct Notes Payable Accounts Payable Wages Payable Interest Payable appropriate accounts to record to as you are analyzing and othing to complete on this page; this is simply a resource for you.

FIFO Provide details on what you need help with along with a budget and time limit.

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3-1 Final Project Milestone One: Accounting Workbook (Steps 1–4)

First you will complete the Milestone below In this second milestone of your final project, you will move through the next phase of the accounting cycle by creating the trial balance, adjusted entries, and adjusted trial balance in your accounting Final Project Workbook.

Studypool values your privacy. Only questions posted as Public are visible on our website. Print this page to use for your journal entries. Only accounts on this page can be used. There is nothing to complete on this page; this is simply a resource for you. Blog Policy Partnership. Post a Question Provide details on what you need help with along with a budget and time limit. Match with a Tutor Studypool matches you to the best tutor to help you with your question.

Get Quality Help Your matched tutor provides personalized help according to your question details. No Results Found. Reset Password. Send Reset Link. Question Description Two parts! Unformatted Attachment Preview ACC Milestone Two Guidelines and Rubric Overview: In this milestone, you will move through the next phase of the accounting cycle by creating the trial balance, adjusting entries, and adjusted trial balance.

Completing the adjusting entries implements the matching, timing, and periodicity of the generally accepted accounting principles. Omission of this step will show a higher net income than there actually is, which could cause users of the financial statements to make an incorrect decision and suffer financially. Prompt: You will find the provided data for your second milestone in the appendix at the end of this document. The data have been separated from the prompt so that you can more easily view the full scope of this assignment.

Links have been provided to help you locate the information. Specifically, the following critical elements must be addressed: I. Incorporate the feedback that you received from your Milestone One submission on Steps 1—4.

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Step Four: Transfer posted entries to T accounts. Apply the accrual basis of accounting to correctly create adjusting entries in the preparation of financial statements: A.Post a Comment. Search This Blog. Below you will find the data required to make entries in your accounting workbook. Remember that you are following the business transactions for a three-month period from the initial stage of analysis and recording, through the reporting process.

These transactions will include:. It will help you to print this document as you are making your entries in your workbook. Your textbook prepares you and can be used as a reference to assist you in completing this assignment. You should begin this project in Module Two.

There will be two checkpoints, along the way, at which time you will submit your progress in this workbook to your instructor for review and feedback toward correction and successful demonstration of this accounting cycle as a whole.

Your first check point will cover steps 1 through 4 of this workbook.

ACC201 Southern New Hampshire Peyton Approved Accounting Workbook

The first checkpoint is in Module 3. The second checkpoint will have you submit your workbook completed through step 7 in Module 4. You will integrate the feedback, suggestions, and guidance your instructor provides on these steps in the cycle to ensure your success with completion of this cycle.

The following steps are included:. Step The following events occur in July Interest and the principal are repayable at maturity. The agreement is for 1 year.

Lease period is effective July 1 st through June 30 th July 13 — You have baking equipment, including an oven and mixer, which you have been using for your home-based business and will now start using in the bakery.Provide details on what you need help with along with a budget and time limit.

ACC-202 Module 5 Milestone 3

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Studypool values your privacy. Only questions posted as Public are visible on our website. Cost of Capital personal budget excel assignment albany technical Summary accountant "J. D Salinger" "J. Blog Policy Partnership. Post a Question Provide details on what you need help with along with a budget and time limit. Match with a Tutor Studypool matches you to the best tutor to help you with your question. Get Quality Help Your matched tutor provides personalized help according to your question details.

No Results Found. Reset Password. Send Reset Link. Question Description Instructions In this first milestone, you will move through the first step of the accounting cycle by creating the monthly journal entries and general ledger accounts in your accounting workbook. To complete this assignment, review the Milestone One Guidelines and Rubric document.

Unformatted Attachment Preview ACC Milestone One Guidelines and Rubric Overview: In this milestone, you will move through the first four steps of Final Project I by creating the monthly journal entries and general ledger accounts in your accounting workbook. The monthly journal entries are how businesses input financial activities into their accounting systems.

The values from these entries are posted to the general ledger. Prompt: Your dog, Peyton, has severe allergies and cannot have the usual store-bought dog treats. You have been making homemade treats for him that are allnatural and hypoallergenic. Over the past year, you have been making and selling these treats out of your home, and you have been quite successful.

3 1 final project milestone one accounting workbook steps 1 4

You now have an opportunity to open your own dog treat bakery. You will find the provided data for your workbook in the appendix at the end of this document. The data have been separated from the prompt so that you can more easily view the full scope of the assignment.

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Links have been provided to help you locate the information you need as you move through each step. Specifically, the following critical elements must be addressed: I. Record financial data that accurately captures business transactions according to accepted accounting principles.

The following critical element is not graded: D. Step Four: Transfer posted entries to T accounts. Rubric Guidelines for Submission: Your completed accounting workbook should have all tabs fully and accurately populated in the provided Excel template.The company named after our dog Peytonwas an idea that started at home after realizing the severity of.

Below you will find the data required to make entries in your accounting workbook. Remember that you are following the business transactions for a three-month period from the initial stage of analysis and recording, through the reporting process. These transactions will.

Interest and the principal are repayable at maturity. The agreement is for 1 year. Lease period is effective July 1st through June 30th, July 13 — You have baking equipment, including an oven and mixer, which you have been using for your home-based business and will now start using in the bakery. The equipment has a 5-year useful life. Pay periods are the 1st through the 15th and 16th through the end of the month with paydays being the 20th for the first pay period and the 5th of the following month for the second pay period.

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3-1 Final Project Milestone One: Accounting Workbook (Steps 1–4)

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