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Portfolio Project Option #2 is for accounting students who are intuitive learners by nature. You learn best from abstract materials like theories and concepts, enjoy challenges, and tend to be more innovative. For this assignment, you are required to complete all three accounting cases: Link Works, Ace Construction Company, and Seminole Company. You will then present the journal entries for Parts 1, 2, and 3 in PowerPoint format. Follow the additional instructions provided below.
Assignment Template attached below
Part 1:
Karla Tanner opened a web consulting business called Link Works and completed the following transactions during the first month of operations:Prepare journals for the above economic transactions. Use the file called "Assignment Template" in the assignment section for Part #1, Link Works Co. Enter your journals to the general ledger using the same file name.
Part 2:
The following unadjusted trial balance is for Ace Construction Co. as of the end of its 2013 fiscal year. The June 30, 2012 credit balance of the owner’s capital account was $52,900, and the owner invested $27,000 cash in the company during the 2013 fiscal year.
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