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

Case Study - Part A

12/10/2023 Client: oumaya87 Deadline:

Case Study – Part A
FIN7230_010

Ms. Tyrell, company president and your employer, has asked you to prepare a financial statement package at the end of her first year of business. She will need these financial statements for an important board of directors meeting that will be held at the end of October. She will need to review the statements prior to this meeting.

A professional financial statement package is to be submitted to Brightspace as per the Case Study – Part A due date.

Instructions:
1. This is an individual assignment.

2. Using the company information provided by Ms. Jasmine Tyrell, prepare in Excel a statement of income, statement of changes in equity, and statement of financial position for the year ending December 31, 2022.

(NOTE: create 1 Excel file with 3 worksheet tabs representing each financial statement).

3. Submit your Excel financial statement package on Brightspace using the Case Study Part 1 assignment link.

4. You must include your first and last name in cell A1 on each tab of your Excel spreadsheet.

Marking:
Marks will be awarded for accuracy and presentation of each financial statement using the marking rubric for this Case Study.

Company Information:
Ms. Jasmine Tyrell, a former professional softball player, started Field of Dreams Ltd, a softball camp for underprivileged children from ages 6 to 16. Eventually, she would like to open softball camps across the province of Ontario.

Jasmine has asked you to prepare financial statements at the end of her first year of operations to present to a board of directors with the intent of securing further funding for expansion of the camps. She tells you the following facts about the start-up and first year of her business activities.

To get the business off the ground, Jasmine made the decision to incorporate her camp and to follow the IFRS for accrual-based accounting.
She sold common shares to herself on January 1, 2022, in the amount of $5000 through the sale of 500 of these shares.

In addition, the company borrowed $10,000 on a 10-year term loan from the Royal Bank of Canada.

A used bus was purchased for $12,000 cash to be used for transporting the camp participants.

Bats, baseballs, gloves, and other miscellaneous equipment were purchased with $1,500 cash.

The company earned camp tuitions of $100,000 during the year but has collected only $90,000 of this amount so far.

Thus, at the end of the year, the company was still owed $10,000 in accounts receivable.

The company rents time at the local ball diamonds owned by the town of Pembroke at Riverside Park.

Total field rental costs during the year were $14,000, insurance was $6,000, salaries for coaching staff were $20,000, and administrative expenses were $7,000 – all of which were paid in cash.

The company incurred $800 in interest expense on the bank loan, which it still owed at the end of the year.

The company also owes $10,440 in income tax.

The company paid Jasmine dividends of $35,000 rather than a salary during the year.

The balance in the corporate bank account as at December 31, 2022, was $9,500.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Accounting & Finance Master

ONLINE

Accounting & Finance Master

$0
Hired amount is refunded by the tutor.

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:

Top Class Results
University Coursework Help
Custom Coursework Service
Isabella K.
Accounting & Finance Master
Quick N Quality
Writer Writer Name Offer Chat
Top Class Results

ONLINE

Top Class Results

I reckon that I can perfectly carry this project for you! I am a research writer and have been writing academic papers, business reports, plans, literature review, reports and others for the past 1 decade.

$16 Chat With Writer
University Coursework Help

ONLINE

University Coursework Help

I will be delighted to work on your project. As an experienced writer, I can provide you top quality, well researched, concise and error-free work within your provided deadline at very reasonable prices.

$27 Chat With Writer
Custom Coursework Service

ONLINE

Custom Coursework Service

I find your project quite stimulating and related to my profession. I can surely contribute you with your project.

$24 Chat With Writer
Isabella K.

ONLINE

Isabella K.

This project is my strength and I can fulfill your requirements properly within your given deadline. I always give plagiarism-free work to my clients at very competitive prices.

$38 Chat With Writer
Accounting & Finance Master

ONLINE

Accounting & Finance Master

After reading your project details, I feel myself as the best option for you to fulfill this project with 100 percent perfection.

$0 Chat With Writer
Quick N Quality

ONLINE

Quick N Quality

I am an elite class writer with more than 6 years of experience as an academic writer. I will provide you the 100 percent original and plagiarism-free content.

$15 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

How can we differentiate between permutation and combination - American beauty character analysis - Genetics problems monohybrid crosses worksheet answer key - Aging Adult Case Study - Identify a bad listening practice course hero - How to calculate percentage atom economy - Prepare chiara company's balance sheet as of december 31 2015 - Strayer university acc 100 syllabus - Format of writing a book review - ?same-day +27833173182 SITEKI LUBOMBO ABORTION CLINIC // PILLS,,,, - 2.25 inches on a ruler - Flomist nasal spray price at dischem - How to get filthy rich in rising asia summary - Guaranty bank ssb milwaukee wi - Principal of marketing - Chapter 15: Discussion DSC - Security infrastructure design document - What legendary gospel singer sang just prior to dr martin - The basic assumption of behavior therapy is that - "Little Book of Restorative Justice" Discussion - Nursing - Nursing Leadership in a diverse society - Best questions on gauss law - Cmpe 3 - Briefcase lock decoding tool - Cics transaction gateway information center - Case 9 - Assignment Content - How to find resistance with current and voltage - Dan murphys swan hill - All about public policy worksheet answers - Speed of a toy car lab report - Isaiah 60 1 6 - Software maintenance plan - Alazar meaning in bible - Question - Access control assignment - Journal of small animal practice impact factor - Celebrity endorsement advantages and disadvantages - Db board and replies - Albilad bank online account open - Cisco commands cheat sheet - Case formulation and treatment plan example - Eureka ca seismic station sp interval - Mutts in the hunger games - Education and training reform act 2006 summary - Index of google hacks - Blanchard peale three step model - Repetition of a line in poetry - Victimology Annotated Bibliography - Possible conflict management and negotiation techniques - Broadening and deepening security - The gross material requirements plan combines - Alice and wonderland actors - Communication- Assignment - Do not go gentle into that good night worksheet answers - Discussion Question - Decision matrix it 210 - Fate and free will macbeth - Bunsen burner scientific diagram - Groundwater hydrology lecture notes - Mass spring damper system free body diagram - Empirical formula of glucose - Mae west vests crossword clue - Spine stretch pilates exercise - Short Essay - Physics - Environment question - Www drugfreeworld org drugfacts the truth about drugs html - Cnh australia st marys - Spelling connections grade 8 answers unit 3 - Under armour financial statements 2017 - Strayer outline - Why america is self segregating by danah boyd - Showlink tickets easter show - Civil Engineering Structure Analysis - Bosch water wizard 16p - Mgad2l - Psychographics and lifestyle in consumer behaviour - Describe juliet's rapidly changing attitudes toward romeo in this scene - As of december 31, 2017, armani company’s financial records show the following items and amounts. - Understanding drug addiction a neuropsychological perspective - Helvey and associates duke energy - Assignment 3 - Leininger's theory of nursing cultural care diversity and universality - What is Art - Liberty university letter of recommendation - Blue haven spa manual - Week 3 - Eudaimonistic model of health - A2 b2 c2 obtuse triangle - Examples of fallacies in social media - NEED 3+ PAGES WITH 4 Peer Reviewed REFERENCES CITED IN APA FORMAT - Google corporate strategy case study - Diploma of electrical engineering tafe nsw - A bag is filled with green and blue marbles - Https www thebalance com brexit consequences 4062999 - Byte of accounting inc answers - 12 6 preparing a payroll register answers - Week 5 Tort Questions - Donald duck subliminal message