29 Jun uestion CASE STUDY 1 -THE COMPLETE ACCOUNTING CYC
Question
CASE STUDY 1 -THE COMPLETE ACCOUNTING CYCLE
The Entire Case Study is due Sunday atMidnightMountaintime at the end of Week 3.
This Case Study is worth 100 points or 10% of your final course grade. This Case Study relates to TCO’s D and E and Chapters 3 and 4.
MAKE SURE TO COMPLETE ALL REQUIREMENTS WHICH ARE LISTED BELOW.
There are 10 Sheets in the Workbook including this one.
All of the Information you need for the Project is located in this Workbook.
Requirements Sheet in Workbook
Requirement 1 – Prepare the Journal Entries in the General Journal Journal Entries
Requirement 2 – Post Journal Entries to the General Ledger General Ledger
Requirement 3 – Prepare a Trial Balance Trial Balance
Requirement 4 – Prepare the Adjusting Entries Adjusting Entries
Requirement 5 – Post Adjusting Entries to the General Ledger General Ledger
Requirement 6 – Prepare an Adjusted Trial Balance Adjusted TB
Requirement 7 – Prepare the Financial Statements Financial Statements
Requirement 8 – Prepare the Closing Entries Closing Entries
Requirement 9 – Post Closing Entries to the General Ledger General Ledger
Requirement 10 – Prepare the Post Closing Trial Balance Post Closing TB
REQUIREMENT #1:
During its first month of operation, the Flower Landscaping Corporation, which specializes in residential landscaping,
completed the following transactions:
March 1 Began business by making a deposit in a company bank account of $72,000, in exchange
for 7,200 shares of $10 par value common stock.
March 1 Paid the current month’s rent, $4,500.
March 1 Paid the premium on a one-year insurance policy, $3,300.
March 7 Purchased supplies on account from Parkview Company, $900.
March 10 Paid employee salaries, $2,200.
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