This assignment is the End of Course Project. This project will determine if you are able to apply the learning objects
This assignment is the End of Course Project. This project will determine if you are able to apply the learning objects and prepare the primary documents learned in this course. Select the file link below to access the instructions to complete the project by the advertised deadline. Spelling, formatting, calculation all counts. Each statement is worth 30 points, the remaining 10 points will be grading on formatting, spelling. You must have MS Excel.
EOC Instruction
| ACT 231 Principles of Accounting End of Course Project | |||||
| For this end of course project, you will create an Income Statement, Statement of Retained Earnings, and a Balance Sheet using the correct format. | |||||
| The information is provided below. Using Excel will make it easier to line up the columns. | |||||
| Check your print settings. Each statement should be formated to print on one page. Therefore, if printed you will have three pages. | |||||
| Use this Excel file to complete the assignment. Place the appropriate financial statement on the Excel Worksheet labeled for that statement. | |||||
| Spelling and format counts. Please use your textbook to prepare the financial statements in the appropriate format. | |||||
| Save the file in the format, your last name, ACT 231, EOC Project (i.e. Jaridau ACT 231 EOC Project) | |||||
| TigerPortal Adjusted Trial Balance | |||||
| December 31, 2021 | |||||
| Account | Debit | Credit | |||
| Cash | $44,000 | ||||
| Accounts Receivable | 13,800 | ||||
| Prepaid Insurance | 6,400 | ||||
| Land | 16,000 | ||||
| Accounts Payable | $14,900 | ||||
| Salaries Payable | 4,500 | ||||
| Common Stock | 31,000 | ||||
| Retained Earnings | 10,200 | ||||
| Dividends | 12,000 | ||||
| Service Revenue | 86,000 | ||||
| Insurance Expense | 7,600 | ||||
| Salaries Expense | 32,000 | ||||
| Miscellaneous Expense | 14,800 | ||||
| $146,600 | $146,600 | ||||
Income Statement
Statement of Retained Earnings
Balance Sheet
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