Prepare a trial balance after closing entries for april

Reference no: EM131979103

Accounting Information Systems Assignment -

Case Study - Pete's Pedals

Required:

Part A: Manual recording

1. Record the opening balances as at 1 April 2018 in the general journal and appropriate general ledger accounts and the opening balances of accounts receivable, accounts payable and inventory in the appropriate subsidiary ledgers.

2. Record the transactions in the appropriate general or special journal for April 2018. Post all transactions from journals to the general ledger in accordance with accounting procedures.

3. Prepare schedules of accounts receivable, accounts payable and inventory as at 30 April 2018 and reconcile these with the control accounts in the general ledger.

4. Record end of month adjustments in the general journal and post these to the general ledger.

5. Prepare a bank reconciliation as at 30 April 2018.

6. Prepare a Trial Balance before and after end of month adjustments as at 30 April 2018.

7. Prepare an Income Statement for April 2018 and a Balance Sheet as at 30 April 2018.

8. Prepare closing entries for April 2018.

9. Prepare a Trial Balance after closing entries for April 2018.

Transactions must be recorded in the excel work book which includes pro-forma journals, ledgers, worksheets and reports available in the assessment folder.

Part B - Computerised accounts using MYOB

1. Set up a data file for Pete's Pedals and process the transactions for April 2018.

2. The Easy Setup Assistant can be used for the initial setup process to:

Prepare the Chart of Accounts
Enter the opening balances in the general ledger
Setup customer and supplier cards and enter opening balances in the specialist modules

The Command Center can be used to create inventory items and enter opening balances of inventory

3. Record the transactions for April 2018.

4. Prepare a bank reconciliation statement as at 30 April 2018.

5. Record end of month adjustments.

Need to complete Manual Accounting Part.

Attachment:- Assignment Files.rar

Reference no: EM131979103

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Reviews

len1979103

5/11/2018 2:07:00 AM

Need to complete Manual Accounting Part. I already have the solution in excel; you can just paraphrase it. Due date: mid-night, Wednesday 16. This assignment counts 40% towards your final assessment. Groups: The assignment is to be completed in groups of 2-3 students. General information - This case study requires you to use double entry manual recording and computer accounting software (MYOB) for a small business to record transactions. It covers many of the common transactions of everyday business, including GST.

len1979103

5/11/2018 2:06:55 AM

ASSIGNMENT SUBMISSION: Electronic submission via the submissions sub-folder in the assessment folder of the unit home page of. Assignment cover sheet (clearly state each group members student id number and full name) Part A: excel file (name the file as ‘your name-Pedals-Part A’) Part B MYOB reports: general journal report general ledger detail report bank reconciliation as at 30. Income Statement. Balance Sheet as at 30.

len1979103

5/11/2018 2:06:50 AM

Important Information - If the assignment does not satisfy both of the following requirements, it will not be accepted for marking. When establishing the business name for the assignment, students are required to insert their own name after the business name (Refer above). Any assignment with no student name/ names in the company name will not be accepted. The assignment must be accompanied with an assignment cover sheet listing all members’ full name and student identification number. It is the student’s responsibility to keep a backup copy of the assignment until all the assignment process is completed and marks are on blackboard. Any assignments handed in late will be penalised as explained in the unit outline. Please refer to the unit outline for details.

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