Financial Project
Minimum of 80% Required for Competency
Delivery Revenue, Utilities Expense, Salaries Expense, Supplies Expense
Account Title
Debit
Credit
Account Title
Debit
Credit
Assets
: Cash, Accounts Receivable, Supplies, Prepaid Rent, Delivery Truck, Furniture
Liabilities
: Accounts Payable, Unearned Revenue, Notes Payable
Equity
: Retained Earnings, Common Stock, Paid in Excess of Par Common,
This project is designed as an assessment of key Learning Outcomes presented in
this course.
1.:
Analyzing Business Transactions
. You will analyze 10 business transactions and provide the proper
journal entries. (20 pts)
2.- 4.:
Understanding Financial Statements
: You will prepare an Income Statement, Statement of
Retained Earnings, and Balance Sheet. (60 pts)
5.:
Understanding Financial Statement Analysis
: You will prepare a horizontal and vertical analysis on
Income Statement accounts. (10 pts)
6.:
Analyzing Business Transactions.
You will complete a bank reconciliation and figure net pay for an
employee.
Instructions: Please save this spreadsheet to your computer. After you have completed the
project save it with your name as the filename, for example mine would read:
