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Set up T-accounts for the accounts on the trial balance and enter beginning balances. Please note that you may need additional accounts as you record the entries.
Prepare journal entries for transactions (1) through (15) and post them to the T-accounts.
Journalize and post the adjusting entries (16) through (23).
Prepare an adjusted trial balance in proper format.
Prepare an income statement (including earnings per share), and statement of stockholders' equity for year ended December 31, 2016. For the balance sheet, prepare a 2 year comparative. Proper format must be used. Points will be taken off for areas such as formatting lines, $ and numbers formatted, spelling etcâ¦â¦ Ask if you are unsure or use the book for reference. In addition, linking should be used and at a minimum must be used for the Financial Statements and the adjusted trial balance from #4 above.
Journalize and post the closing entry.
Prepare a post-closing trial balance.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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