Prepare journal entries in the general journal

Assignment Help Financial Accounting

Reference no: EM13163211

You are given information about Doha Company which is a service company located in Qatar. You are expected to analyze, record and communicate that information by using Microsoft Excel.You will need to complete the accounting cycle in the following order:

a) Prepare journal entries in the general journal.

b) Post the entries to the general ledger.

c) Prepare the income statement, statement of changes in owners' equity and balance sheet.

Please note that you will be expected to apply basic Excel applications such linking the cells and using formulas (i.e. adding and subtracting information in the different cells).You will be graded on your ability to complete the accounting cycle by employing Excel functions. Should you need to type in items that are not available in the provided information, such as "current asset" in the balance sheet, then please feel free to do so. Additionally, you will need to:

1. Find information from the internet regarding the different risks that are found in companies.

You will need to provide the source (link to the website) from which you have obtain that information. Alternatively, you can submit a printed copy of the information obtained from the internet.

2. Please a report write a short report (one page or less) to answer the following:

a) Assume that Doha Company asked you for a loan. Based on the information in the financial statements, would you agree to give a loan to the company? Explain your answer.

b) In your opinion, how caninformation technology help businesses.

Reference no: EM13163211

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