Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Accounting excel project

28/12/2020 Client: saad24vbs Deadline: 2 Day

PROJECT GRADE:

This project will graded on the basis of not only the technical sophistication of your Excel template, but also upon the accounting methodology and principles you will use to complete the assignment. This exercise will not only give you a review of the adjusting, closing and financial reporting processes, but will also provide you with a better understanding of how computer technology can be used as a tool to record, summarize and disseminate financial information for decision making.


The specific formatting, printing and template generation skills tested in this project are as follows:


· Creation of stand-alone Excel templates


· Design aspects of spreadsheet development


· Structured spreadsheet development to complete requisite output


· Formatting: lines and borders, column/row spacing, etc.


· Numbers: proper use of comma and $ sign, etc.


· Adequate printing of all requirements


· Proper use of headings and dates


· Correct use of Excel formulas


· Logical structure of calculations and layout


· Linking of cells in the spreadsheet design


· Print-to-fit properties of Excel


· Organized and legible printed documents as required


· Proper use of formulas to combine numerical date


REQUIRED:


You are required to create a 10-column work sheet (Reference Appendix 3B) that starts with an Unadjusted Trial Balance as of December 31, 2016 and ends with a Balance Sheet as of the same date. You will also be required to prepare a Balance Sheet and an Income Statement in good form based on this worksheet. Ensure that your financial statements are correctly formatted in terms of headings, dollar signs, appropriate spacing and current verses long-term classifications.


Excel’s ability to link portions of the spreadsheet together to achieve your output requirements will prove very helpful in the completion of this assignment. You are required to use the linkage function to automatically move data from your worksheet to your financial statements. Failure to do so will result in a significant loss of credit points. Once you have entered data into the adjusting entries portion of your worksheet, your Excel template should automatically fill in the other required portions of your project. These portions of your spreadsheet coincide with the requirements of your project. You will need to have data automatically loaded into your Balance Sheet, Income Statement, Post-Closing Trial Balance, and the Adjusting and Closing entry section of your project. Information you will need to complete this project is provided below.


The purpose of this exercise is to illustrate that the preparation of a year-end worksheet with the use of an electronic spreadsheet is extremely simple and practical way for the accountant to save time during the month-end closing process. Additionally, the project should reacquaint students with the basic procedural reporting tasks normally associated with any accounting information system, and the sole proprietor form of a business entity.


BACKGROUND DATA AND PROJECT REQUIREMENTS:


1. Prepare a 10-column worksheet for December, 2016, that begins with the unadjusted trial balance which will be provided to you.


2. Enter the adjusting entries required into your spreadsheet. Then complete the spreadsheet columns using Excel formulas or other linking functions to efficiently move the data. Ensure that your spreadsheet template performs requisite calculations accurately after totals are manually entered into the column reserved for adjustments. Merely inputting the data manually IN ALL THE COLUMNS will decrease your score by 50%.


3. Prepare the Income Statement and the Classified Balance Sheet for Isaiah Corporation. Also prepare a Post-Closing Trial Balance. These should be prepared in Excel, using the linkage functions, and should be printed out separately for your final project submission. Remember: To create and print these financial statements, you are required to use Excel’s linking functions, or some other methodology within the Excel template, that will automatically move data from your template to the pre-formatted financial statements required. Merely inputting the data manually will decrease your score by 50%.


4. Generate both your adjusting and closing entries in your Excel template. These journal entries should be in proper form and dated appropriately. Print these entries on two different sheets of paper. Again, these should be linked to the data in your electronic worksheet and should be generated automatically by your Excel template.


5. Reference the following information sheet which includes the data and a partial format for the accountant’s worksheet which you will need to complete this assignment.


Unadjusted


Dr.


Cr.




Cash


$6700


Accounts Receivable


1000


Prepaid Rent


1800


Supplies


1200


Equipment


15000


Accumulated Depreciation-Equipment


Notes Payable


$5000


Accounts Payable


1070


Salaries Payable


Interest Payable


Unearned Rent Revenue


1000


Common Stock


14000


Retained Earnings


0


Dividends


600


Service Revenue


14700


Rent Revenue


700


Salaries and Wages Expense


8800


Rent Expense


900


Depreciation Expense


Supplies Expense


Utilities Expense


470


Interest Expense


ISAIAH CORPORATION


TRIAL BALANCE


December 31, 2016


ADDITIONAL ACCOUNTING INFORMATION:


The following information may require additional entries to be entered into the accounting records:


a. Isaiah Corporation paid $1800 for two months rent in advance on December 1, 2016. The company was able to obtain an excellent rental rate due to the fact that they have a very good credit rating. Rent for other companies in the same geographic area average $2300 per month.


b. Specialized equipment was purchased by the corporation for $15,000. This equipment is estimated to be serviceable for three years, after which it will be sold for $2400. It was purchased on December 13, 2016. For depreciation calculation purposes, Isaiah Corporation follows the standard practice of recording all purchases as of the beginning of the month if purchased before the 16th of the month. Isaiah uses the straight-line method of estimating depreciation.


c. Isaiah Corporation has two employees who each earn $100 a day and work a five-day workweek from Monday through Friday. They are paid weekly every Friday. This year, December 31st falls on a Wednesday.


d. The company rents out office space because it has more rooms than necessary for its own operations in the building it rents. Isaiah Corporation currently rents a small office space to an aspiring lawyer for $100 per month, payable at the end of each month. The tenant paid Isaiah Corporation $1000 for ten months rent in advance to lock in on an incredibly good rental price for the office. His check for the $1000 was given to Isaiah Corporation on November 1, 2016 and cleared the bank on the same day.


e. During the year, Isaiah Corporation issued a promissory note for $5000 payable to Stoney, Incorporated. The note is a nine month note which carries a face rate of 6.24%. As of December 31, 2016, $50 of interest have accrued on the note.


f. During the year, Isaiah Corporation made a number of supply purchases. Its first purchase was for $452. Its next purchase totaled $627 and it’s last purchase of the year for supplies in December was for $121. At year-end, December 31, 2016, employees reported a total of $180 of supplies still on hand in the supplies closet after a detailed inventory was taken.


Applied Sciences

Architecture and Design

Biology

Business & Finance

Chemistry

Computer Science

Geography

Geology

Education

Engineering

English

Environmental science

Spanish

Government

History

Human Resource Management

Information Systems

Law

Literature

Mathematics

Nursing

Physics

Political Science

Psychology

Reading

Science

Social Science

Home

Blog

Archive

Contact

google+twitterfacebook

Copyright © 2019 HomeworkMarket.com

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

University Coursework Help
Top Essay Tutor
Helping Hand
Homework Guru
Writer Writer Name Offer Chat
University Coursework Help

ONLINE

University Coursework Help

Hi dear, I am ready to do your homework in a reasonable price.

$112 Chat With Writer
Top Essay Tutor

ONLINE

Top Essay Tutor

I have more than 12 years of experience in managing online classes, exams, and quizzes on different websites like; Connect, McGraw-Hill, and Blackboard. I always provide a guarantee to my clients for their grades.

$115 Chat With Writer
Helping Hand

ONLINE

Helping Hand

I am an Academic writer with 10 years of experience. As an Academic writer, my aim is to generate unique content without Plagiarism as per the client’s requirements.

$110 Chat With Writer
Homework Guru

ONLINE

Homework Guru

Hi dear, I am ready to do your homework in a reasonable price and in a timely manner.

$112 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Ocean reef sea sports club - Homework AA - Timer resolution windows 10 - For purposes of external reporting private colleges and universities - Armed crime squad victoria police - Aci dealing certificate south africa - The italicized words make up which type of verbal phrase - Psychology uoa degree planner - Riba product selector 2016 - What is external growth strategy - Contract variation letter template - Duncanville high school dress code - Capstone Research Companion - Which of the following option is true about k-nn algorithm - Columnar transposition cipher in c - Help - Qut withdrawal without penalty - River community hospital case study solution - How to abbreviate in care of - Summary of The Discipline of Business Intelligence-Course 3 - I need 1200 words on Young woman just got chosen to save a doomed fantasy world. - Levay simon et al discovering human sexuality 4th edition pdf - Vanderbilt assessment scale parent - The mean amount purchased by a typical customer - Which one of these represents systematic risk - Reading summary - Functional-level strategy - The budget process involves doing all the following except - The hammock li young lee - Ethics in evidence based practice - Dollhouse pretense over the knee boot - Cognitive factors associated with leadership effectiveness - Pearson chemistry chapter 5 - Point and crossing inspection - Reflection paper identifying and describing in detail a specific vulnerable population that may need intensive therapy or treatment during COVID-19. - Average rate of return tutor2u - Icandy peach adjust angle - Dunkin donuts franchise income statement - Trek company has the following production - Visual times tables itouch - Interview memo format - The manager of a store selling tea - Managing director theatre job description - The trial of tempel anneke sparknotes - Frito lay inc sun chips multigrain snacks case analysis - Information system - Religion as a social institution essay - Leaf spring power hammer - Which of the following descriptors is false regarding enzymes - Girl in hyacinth blue chapter 1 summary sparknotes - Women's lives a psychological exploration 3rd edition pdf download - According to geertz the core of religion is - Accident compensation regulations 2012 - Full project report on image steganography pdf - Who is the famous entrepreneur - Red scene run lola run - Case 3 walmart manages ethics and compliance challenges answers - Provide four examples of powerless verbal communication - Homework - Medications Discussion - 300 words - Lbm in sec 2 - Vce psychology study design 2020 - Cisco switch commands cheat sheet - Badaracco questions of character pdf - Cisco prime infrastructure ordering guide - Exam number 700138 - DEVELOPING IDEAS - Walt disney company mission statement 2017 - Fifty states that rhyme lyrics - Javaris health assessment - SOCW 6060 - A function has the following properties - Create a personal vision statement - Dell precision 490 memory configuration mismatch - Jasper jones chapter 9 summary - 1002 beddards crossing drive grimesland nc - The man to send rain clouds answers - A shopper in a supermarket pushes a cart - 18181 n 59th ln glendale az 85308 - Socccd blackboard - Maya angelou quotes christmas lights - Bond energy calculations worksheet with answers pdf - Anf accommodation margaret river - Affinity laws of centrifugal pump - Iso document control policy - Discussion on below Topics - Institute of credit management kenya - CREATE A POLICE REPORT-------- CJT202 ASSIGNEMNT - Aristotle nicomachean ethics second edition pdf - The flavor of pleasure reading answers - Scientific apparatus makers association symbols - PRENEURSHIP - **Two Part** PRO FORMA Excel Sheet / 750-1,000 word paper, describe how you developed the pro forma - The public administration workbook answers - The gettysburg address multiple choice questions answers - Domestic violence self assessment tool - Bsbinn601 answers - Anti pumping relay schematic - Business statistics chapter 3 answers - Compare Impact of Treaty of Versailles (Plagiarism Checked) Submit Assignment - Thermal properties of gold