Need help with Accounting work. This is about the Office work speadsheet.
Complete CP5-1 Financial Reporting Mini Practice Set on pages 257 - 258 in Libby, P., Libby, R., Phillips, F., Whitecotton, S. (2009). Principles of Accounting. Boston: McGraw-Hill.
Use the Word document provided to complete the project. The problem is worth 100 points toward your grade.
This project is designed to reinforce the learning objectives from modules 1-5. The project is to complete the accounting cycle for the first month of operations for Young Company. Since it is the first month of operations there are NO beginning balances.
Complete all seven (7) requirements. Please make sure you perform the requirements in the exact order listed. If you skip around your balances will be off. Complete the project in the [Financial Reporting Project Template][1]. Work Offline, save your document and then return here to submit your completed file.
Your work will be assessed using the [Financial Reporting Project Rubric][2].
Here is a list of check figures, as of March 31, 2009, to help with the problem:
* Requirement 4: Total of adjusted trial balance $84,225
* Requirement 5: Net income $15,760, Total assets $64,220
* Requirement 7: Total of post closing trial balance $64,340