ACCT110 - Portfolio Project- Adam LeBuff Excell

School: Bryant and Stratton College, Buffalo - Course: ACCT 110 - Subject: Accounting

Grading Criteria: Week 2 1.10 transactions to journalization.5.0050 1.4330 3. Unadjusted Trial Balance.20 (1 pt off per error on statement)TOTAL100 Grading Criteria: Week 3 1. 2 Payroll Journal Entries2550 2.10 Postings to General Ledger.50 TOTAL100 Grading Criteria: Week 4 1. Bank Reconciliation70 2.1 Journal Entry to Corrent the Book Balance.20 3. 2 Postings to General Ledger510 TOTAL100 Grading Criteria: Week 5 1.4 Adjusting Journal Entries520 2. 8 Postings to the General Ledger540 3. Adjusted Trial Balance40 (1 pt off per error on each statement)TOTAL100 Grading Criteria: Week 6 1.Income Statement40 2.Statement of Owner's Equity20 3.Balance Sheet40 (1 pt off per error on each statement)TOTAL100 Grading Criteria: Week 7 1. 4 Closing Journal Entries40 2. 14 Postings to Genreal Ledger10 3.Post Closing Trial Balance50 (1 pt off per error on statement)TOTAL1002. Post the 21 accounts to the general ledger. Remember to compute account balances as you go along. General Journal DateAccountPRDrCr Week 2 May 1Cash10120000.00 Owner Capital30120000.00 May 3Equipment15010000.00 Accounts Payable21010000.00 May 5Prepaid Insurance1111200.00 Cash1011200.00 May 9Supplies1081000.00 Cash1011000.00 May 11Cash101500.00 Accounts Receivable10512500.00 Revenue41013000.00 May 15Telephone Expense520200.00 Cash101200.00 May 22Owner Withdraw301.1400.00 Cash101400.00 May 24Accounts Payable2101000.00 Cash1011000.00 May 29Cash1011500.00 Unearned Revenue2201500.00 May 31Cash1011500.00 Accounts Receivable1051500.00 Week 3 May 31 Salaries Expense5102660.00 FICA Tax Payable240164.92 Medicare Tax Payable25038.57 Federal Income Tax Payable230256.00 Salaries Payable2802200.51 May 31Payroll tax Expense570242.93 FICA Tax Payable240164.92 Medicare Tax Payable25038.57 Fedeal Unemployemnt Payable2603.48 State Umeployemnt Payable27035.96 Week 4 May 31Bank Fee Expense56050.00 Cash10150.00