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Question - Final Project Overview Throughout this course, you have learned various components of accounting. These components work hand-in-hand to create the accounting cycle - the process of recording, summarizing and reporting transactions. The final project will provide you the opportunity to apply the skills covered in this course through the completion of the accounting cycle. In addition, you will be able to demonstrate your understanding through analysis of the completed information. This project will be completed in two parts in Units 3 and 5. Final Project Data On December 1, 2015 John Trap created a new travel agency, Trap Adventures, Inc. providing exclusive adventure trips. The following transactions occurred during December 2015. (NOTE: There are no beginning balances - this is a new company.)
Dec 1
John Trap invested $60,000 cash in the company for common stock.
2
Purchase office equipment for $17,500 cash.
The company rented furnished office space by paying $18,000 cash for the first six months (December 2015 - May 2016) rent.
3
The company purchased $1,500 of office supplies on account.
10
The company paid $3,600 cash for the premium on a 12-month insurance policy.
14
The company paid $10,750 cash for two weeks' salaries earned by employees.
24
The company collected $54,000 cash on commissions from airlines on tickets obtained for customers.
28
The company paid $12,125 cash for two weeks' salaries earned by employees.
29
The company paid $350 cash for minor repairs to the company's computer.
30
The company paid $450 cash for this month's telephone bill.
Dividends of $3,000 cash were paid.
Adjustment Data:
Final Project Requirements - Using the attached spreadsheet and information above, complete the following:
1. Journal entries to record the transactions that occurred during the month of December.
2. Prepare an unadjusted trial balance.
Attachment:- Assignment.rar
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: - Explain the goals and uses of special journals.
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.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
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, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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