Building Blocks of Accounting - A Financial Perspective

Welcome to the world's first ePractice case, an individualized, internet generated and graded case study that focuses on the analytically portion of the accounting cycle while automating the repetitive posting cycle.

Step I - The Chart of Accounts

The chart of accounts includes all of the accounts that you can use to solve your case. You may want to print

Step II -Journalizing the Transactions.

Step III -Worksheet

Although not graded, you need to complete the Worksheet. If each of your journal entries are in balance then your Unadjusted Trial Balance and the Adjusting Entry columns will be in balance. Your Adjusted Trial Balance will balance when you place each of the account balances into the correct debit or credit position in the Adjusted Trial Balance section of the Worksheet. Then copy each of the account balances to their appopiate location in the Income statement or Balance Sheet columns of your worksheet. If the net income balance both.

Step IV- Prepare the Financial Statements.

After you have entered all of the transactions and prepared the Worksheet, you are to prepare the Income Statement, Shareholder's Equity Statement and Balance Sheet using the forms provided.

Step V- Prepare the Closing Entries.

Based upon the information from your Worksheet or from your Financial Statements, prepare the closing

Step VI-Upload the File.

Whenever you want to have cybertext.com grade your work submit it to them on the bottom of the screen that you downloaded the file.

Attachment:- Assignment File.rar