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Basic Accounting Work

I Will Provide all the information and I need this Done ASAP please post your rates here thank you

REQUIRED:

Note: this task is based on the analysis of very extensive narrative and detailed project

documents. Please check the password protected course website for announcements of

any errors, omissions and clarifications to the term project description or project

documents.

Objectives:

1. To recognize information of accounting significance

2. To prepare a bank reconciliation

3. To set-up a chart of accounts appropriate for a small business

4. To record accounting transactions

5. To prepare adjusting entries to recognize revenue in the proper accounting

period and achieve a proper matching of costs and expenses with revenue

6. To prepare simple financial statements

Read carefully the information and project documents provided for KiteRite, assume the

role of Mauricio Wainman and complete the following:

a) Decide on an appropriate chart of accounts for KiteRite - variations in the choice

of accounts is acceptable, provided the choice is appropriate for the classification

of the KiteRite transactions and facilities efficient preparation of the financial

statements

b) Set-up T-accounts based on the chart of accounts

c) Post all transactions to the T-accounts

d) Prepare and post the adjusting entries required at July 31, 2004 – Note: the

Adjusting Entries need to be written out in full in journal entry (DR CR) format.

Simply posting adjusting entries to T-accounts will not satisfy the requirements of

this task.

e) Prepare a trial balance at July 31, 2004

f) Prepare an Income Statement and Statement of Retained Earnings for the month

of July

g) Prepare a Balance Sheet as at July 31, 2004

Taidot: kirjanpito

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About the Employer:
( 7 reviews ) Toronto, Canada

Projektin tunnus: #416134