Financial Project

Financial Project

Minimum of 80%  Required for Competency

Delivery Revenue, Utilities Expense, Salaries Expense, Supplies Expense

Account Title

Debit

Credit

Account Title

Debit

Credit

Assets

:  Cash, Accounts Receivable, Supplies, Prepaid Rent, Delivery Truck, Furniture

Liabilities

: Accounts Payable, Unearned Revenue, Notes Payable

Equity

: Retained Earnings, Common Stock, Paid in Excess of Par Common,

This project is designed as an assessment of key Learning Outcomes presented in

this course.

1.:

Analyzing Business Transactions

.  You will analyze 10 business transactions and provide the proper

journal entries. (20 pts)

2.- 4.:

Understanding Financial Statements

:  You will prepare an Income Statement, Statement of

Retained Earnings, and Balance Sheet. (60 pts)

5.:

Understanding Financial Statement Analysis

: You will prepare a horizontal  and vertical analysis on

Income Statement accounts. (10 pts)

6.:

Analyzing Business Transactions.

You will complete a bank reconciliation and figure net pay for an

employee.

Instructions: Please save this spreadsheet to your computer. After you have completed the

project save it with your name as the filename, for example mine would read: