User Account

All Pages

Post the june transactions and adjusting entries

Assignment Help Accounting Basics
Reference no: EM131583666

Bookkeeping Project

The purpose of this memorandum is to provide clarity and expectations regarding the bookkeeping project.

Background

Adrenaline Junkies Rafting (AJR) is a local provider of white-water rafting trips. AJR has been in business for five years and is a sole proprietorship. The owner, Bill Flip, has asked you to take on the responsibility of maintaining the business books.

Project Instructions

1. Open T accounts for all of the accounts on the May 31, 20xx trial balance.

2. Post the June transactions and adjusting entries to the T accounts.

3. Prepare an adjusted trial balance after you have posted all of the transactions.

4. Prepare an income statement and balance sheet for the month ended June 30, 20xx.

Submission Instructions

Submit the adjusted trial balance, income statement and balance sheet you have prepared on either MS Excel or MS Word or similar program (i.e. Open Office, Lotus 1-2-3, etc.) Submit your file through Moodle at the appropriate link.

Attachment:- Assignment Files.rar

Reference no: EM131583666

Questions Cloud

Decision making and corporate governance within MNC : Pick two different factors and explain the effect they have on MNC and decision making and corporate governance within MNC.
What is the opportunity cost of capital in this case : What is the opportunity cost of capital in this case?
Compute the amount of dividends per share payable : Compute the amount of 2015 dividends per share payable to each class of stockholders for each case
Calculate the semi-annual interest payment : Calculate the semi-annual interest payment. Calculate how much the city will receive from the bond offering under the following conditions.
Post the june transactions and adjusting entries : Open T accounts for all of the accounts on the May 31, 20xx trial balance. Post the June transactions and adjusting entries to the T accounts
Tangency portfolio associated with the given tangency line : Compute the Sharpe ratio of the Tangency Portfolio associated with the given tangency line.
Difference between geometric mean and arithmetic mean : Explain difference between geometric mean and arithmetic mean? Explain three forms of market efficiency and its significance as it relates to trading strategies
What is the remaining balance on her loan : If the interest rate is 7% APR, what is the remaining balance on her loan?
Expansion into new markets-how many shares need to be sold : The Zuri Co. needs to raise $66.5 million to finance its expansion into new markets. How many shares need to be sold?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd