It is an introduction to accounting project. The deadline for it is 2nd of November. I am uploading the project file, please check the file and its requirements. let me know if you can help
And the required is;
Note: this task is based on the analysis of very extensive narrative and detailed project documents. The next pages have all the documents that John processed and are kept in a shoebox (use 2 decimal places, if needed round up the figures to the next cent). Students with the last digit being 3, must use 3 as if it were the last digit for all transactions in this part C of the term project.
STEP 1: Prepare the Financial Statements by doing the following:
Check and use the Chart of Accounts provided (do not create new accounts).
Prepare the bank and cash reconciliation for May 31st 2020.
Prepare the General Journal for the month (all journal entries including AJE). Prepare Closing Entries for the month of May to continue with business in the month of June as the next period.
Post all transactions to the T-accounts and prepare a trial balance. Show a detailed balance of each of these accounts for the month of May operations (end of Month),
Prepare the Financial Statements in good form including contingency disclosures that are exclusive of the transactions of this case (do not include general notes). Prepare an Income Statement, a Statement of Owners Equity (Retained Earnings), and a Statement of Financial Position (Balance Sheet). Cash flow statement is not required.
Each General Journal entry should satisfy all formalities (date, explanation, accounts, etc.).
STEP 2: Analyze the financial statements by answering the following questions:
Indicate if the net income of the month is in line with John’s expectations?
Make one clear suggestions of how the business can be improved so John can achieve and surpass his target.
Indicate if John will be able to scale up his operations in another location (Wasaga Beach) during July and August if the lead rider (manager) is to be paid $1,000 per month to operate the business on top of the salary received for the rides he/she provides.
STEP 3: Submit all the 9 items in one word or readable PDF document (no pdf pictures or scans, instead generate the pdf file as a print out of the software you are using: Word, Excel, etc.). Before submitting check that the files have been printed as desired and that the PDF file generated can be read.
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Hi there, It seems like you need attached introduction to accounting project. I can do this for you as I am a qualified accountant. Please drop me a message to discuss in details. Thanks and regards:
Greetings! I am an MBA in Finance and I can help you with corporate finance related articles and assignments. Can you please share the brief so that I have an idea about the actual requirements. thank you.