Categories
Finance

You were recently hired as an entry-level bookkeeper for a service business that

You were recently hired as an entry-level bookkeeper for a service business that recently opened. This is the first month in operation for the business and your first task is to record business transactions for their first month using the source documents and transaction data the owner will provide to you. Because this is a small business that does not use computerized accounting, you will apply the accounting cycle in Excel to record transactions and generate financial reporting results for the owner.
Prompt
Record Financial Data: Use accepted accounting principles to accurately capture business transactions for the month in the Company Accounting Workbook Template using the data provided in the Accounting Data Appendix document.
Specifically, you must address the following rubric criteria:
Accuracy: Prepare entries that are accurate in that they fully reflect the appropriate information.
Completeness: Prepare entries that are complete for each month, including transferring posted entries to T accounts.
Unadjusted Trial Balance: Prepare the unadjusted trial balance portion of the “Trial Balance” tab of the company accounting workbook, ensuring that the total debits and credits match.
Guidelines for Submission
Using the provided template, submit your company accounting workbook with the following portions completed: the General Journal tab, the Ledger Accounts tab, and the Trial Balance tab. This should be completed and submitted using the Microsoft Excel workbook template. Please note that the first tab of the workbook provides you with the chart of accounts. These are the accounts you will use in recording transactions for the month.

Categories
Finance

You were recently hired as an entry-level bookkeeper for a service business that

You were recently hired as an entry-level bookkeeper for a service business that recently opened. This is the first month in operation for the business and your first task is to record business transactions for their first month using the source documents and transaction data the owner will provide to you. Because this is a small business that does not use computerized accounting, you will apply the accounting cycle in Excel to record transactions and generate financial reporting results for the owner.
Prompt
Record Financial Data: Use accepted accounting principles to accurately capture business transactions for the month in the Company Accounting Workbook Template using the data provided in the Accounting Data Appendix document.
Specifically, you must address the following rubric criteria:
Accuracy: Prepare entries that are accurate in that they fully reflect the appropriate information.
Completeness: Prepare entries that are complete for each month, including transferring posted entries to T accounts.
Unadjusted Trial Balance: Prepare the unadjusted trial balance portion of the “Trial Balance” tab of the company accounting workbook, ensuring that the total debits and credits match.
Guidelines for Submission
Using the provided template, submit your company accounting workbook with the following portions completed: the General Journal tab, the Ledger Accounts tab, and the Trial Balance tab. This should be completed and submitted using the Microsoft Excel workbook template. Please note that the first tab of the workbook provides you with the chart of accounts. These are the accounts you will use in recording transactions for the month.

Categories
Finance

Need further explanation of the answer in question 2(C) or an alternative answer

Need further explanation of the answer in question 2(C) or an alternative answer I have attached solutions and question
What steps should be taken?

Categories
Finance

Need further explanation of the answer in question 2(C) or an alternative answer

Need further explanation of the answer in question 2(C) or an alternative answer I have attached solutions and question
What steps should be taken?

Categories
Finance

Course Project OverviewObjectiveThe objective of this project is for you to rese

Course Project OverviewObjectiveThe objective of this project is for you to research a current issue in accounting, auditing, or tax that interests you in depth. The topic could be one that we will discuss in class, such as a specific topic within IFRS, XBRL, ethics, or another topic that you will find interesting. It is important that the topic be extensive enough that eight-to-ten pages can be written on it.Project Submission:This is an individual project. Each student will identify a topic and prepare the outline of the research paper and the final publish. Each student will submit their research work in a Word document and narrated Power Point slides/Kaltura video with at least a 1-2 minute per-slide narration in two phases as described below.Phase I (150 Points – Due Week 7) – Written PaperPlease note that these details are given in the outline briefly and will be used as the framework for the final paper.Title of the paperIntroductionNeed for the study or the importance

Categories
Finance

It should contain: • A title page with an overview of contents given in a very s

It should contain:
• A title page with an overview of contents given in a very short abstract (max. 100 words)
• An introduction which gives an overview of the aims and scope of the products and services
provided by the project (max. 500 words)
• A comparison of the project with one competitor using development team, code, social
media, whitepapers, website and any other relevant points of comparison (max. 500 words)
• Describe the token generation event: choice of platform, distribution, funds raised (as a
proportion of soft cap, if known) price before and after the event and so forth (max. 500
words)
• Conclude with a short summary of the factors that could influence the projects future
success (max 200 words).
You may use any token offering data sites, media articles, social media and company website information that you can find. In each case, use a footnote to cite the URL of the source. If any journal or book publications are drawn upon, these can be listed as references at the end of the report.
The final product should be between 1200 and 1800 words, not counting illustrations, tables, footnotes or references.

Categories
Finance

Course Project OverviewObjectiveThe objective of this project is for you to rese

Course Project OverviewObjectiveThe objective of this project is for you to research a current issue in accounting, auditing, or tax that interests you in depth. The topic could be one that we will discuss in class, such as a specific topic within IFRS, XBRL, ethics, or another topic that you will find interesting. It is important that the topic be extensive enough that eight-to-ten pages can be written on it.Project Submission:This is an individual project. Each student will identify a topic and prepare the outline of the research paper and the final draft. Each student will submit their research work in a Word document and narrated Power Point slides/Kaltura video with at least a 1-2 minute per-slide narration in two phases as described below.Phase I (150 Points – Due Week 7) – Written PaperPlease note that these details are given in the outline briefly and will be used as the framework for the final paper.Title of the paperIntroductionNeed for the study or the importance

Categories
Finance

It should contain: • A title page with an overview of contents given in a very s

It should contain:
• A title page with an overview of contents given in a very short abstract (max. 100 words)
• An introduction which gives an overview of the aims and scope of the products and services
provided by the project (max. 500 words)
• A comparison of the project with one competitor using development team, code, social
media, whitepapers, website and any other relevant points of comparison (max. 500 words)
• Describe the token generation event: choice of platform, distribution, funds raised (as a
proportion of soft cap, if known) price before and after the event and so forth (max. 500
words)
• Conclude with a short summary of the factors that could influence the projects future
success (max 200 words).
You may use any token offering data sites, media articles, social media and company website information that you can find. In each case, use a footnote to cite the URL of the source. If any journal or book publications are drawn upon, these can be listed as references at the end of the report.
The final product should be between 1200 and 1800 words, not counting illustrations, tables, footnotes or references.

Categories
Finance

Using the information provided below, calculate the buyer′s and seller′s costs a

Using the information provided below, calculate the buyer′s and seller′s costs and credits as they would appear on the Closing Disclosure Form (CDF). You are not required to use the actual CDF Word Document, but you are certainly welcome to use it, and it might make things a little easier. There is also a blank CDF (pdf version attached). There is a .pdf of an example Closing Disclosure document also attached for viewing.
You may simply list the debits (charges) and credits (additions) to both buyer and seller and the total amount due to/from each party in a MS Office Word or Excel document. The goal is to come up with the amount the Buyer needs to bring to closing, and the amount the Seller would receive at closing.
Do your best to first determine which party is responsible for each item. Upon completion, upload your CDF showing the Buyer and Seller Costs to the Assignments area of the classroom.
When calculating these costs, complications can occur when you figure out the taxes and shared lender fees, etc. Just do your best and let me know if you have any questions. You can receive partial credit on this assignment even if your numbers are slightly incorrect.
Property located in Virginia
Closing Date: October 15
First payment due: December 1
Sales Price: $280,000
Earnest money deposit: $5,000
Down payment: $56,000
Existing loan to be paid off: $125,000
New loan amount: $220,000 @ 4.50% interest, for 30 years
Escrow (impound) of two months
Annual property taxes: $2,400, paid through December 31
Hazard insurance: $330 for one-year policy
Real estate broker commission: 6 percent
Owner′s title policy: $250
Lenders title policy: $750
Survey $125
Recording fees charged to the buyer: $75
Lender fees charged to the buyer: $1,100
Transfer tax: $180 paid by the seller
Termite inspection: $125
Roof inspection & repair: $2,100
Homeowner warranty provided by the seller: $500
Adobe Reader is required for this assignment.

Categories
Finance

Using the information provided below, calculate the buyer′s and seller′s costs a

Using the information provided below, calculate the buyer′s and seller′s costs and credits as they would appear on the Closing Disclosure Form (CDF). You are not required to use the actual CDF Word Document, but you are certainly welcome to use it, and it might make things a little easier. There is also a blank CDF (pdf version attached). There is a .pdf of an example Closing Disclosure document also attached for viewing.
You may simply list the debits (charges) and credits (additions) to both buyer and seller and the total amount due to/from each party in a MS Office Word or Excel document. The goal is to come up with the amount the Buyer needs to bring to closing, and the amount the Seller would receive at closing.
Do your best to first determine which party is responsible for each item. Upon completion, upload your CDF showing the Buyer and Seller Costs to the Assignments area of the classroom.
When calculating these costs, complications can occur when you figure out the taxes and shared lender fees, etc. Just do your best and let me know if you have any questions. You can receive partial credit on this assignment even if your numbers are slightly incorrect.
Property located in Virginia
Closing Date: October 15
First payment due: December 1
Sales Price: $280,000
Earnest money deposit: $5,000
Down payment: $56,000
Existing loan to be paid off: $125,000
New loan amount: $220,000 @ 4.50% interest, for 30 years
Escrow (impound) of two months
Annual property taxes: $2,400, paid through December 31
Hazard insurance: $330 for one-year policy
Real estate broker commission: 6 percent
Owner′s title policy: $250
Lenders title policy: $750
Survey $125
Recording fees charged to the buyer: $75
Lender fees charged to the buyer: $1,100
Transfer tax: $180 paid by the seller
Termite inspection: $125
Roof inspection & repair: $2,100
Homeowner warranty provided by the seller: $500
Adobe Reader is required for this assignment.