Case Study: Understanding the Accounting Cycle

CASE STUDY - THE COMPLETE ACCOUNTING CYCLE Name: ____David Ramos II_______________________ This Case Study is worth 100 points, or 10% of your final course grade. This Case Study relates to TCOs E and F, and Chapters 2 and 3. MAKE SURE TO COMPLETE ALL REQUIREMENTS WHICH ARE LISTED BELOW. There are 10 sheets in the Workbook, including this one. All of the information that you need for the project is located in this Workbook. RequirementsSheet in Workbook Requirement 1—Prepare the Journal Entries in the General JournalJournal Entries Requirement 2—Post Journal Entries to the General LedgerGeneral Ledger Requirement 3—Prepare a Trial BalanceTrial Balance Requirement 4—Prepare the Adjusting EntriesAdjusting Entries Requirement 5—Post Adjusting Entries to the General LedgerGeneral Ledger Requirement 6—Prepare an Adjusted Trial BalanceAdjusted Trial Balance Requirement 7—Prepare the Financial StatementsFinancial Statements Requirement 8—Prepare the Closing EntriesClosing Entries Requirement 9—Post Closing Entries to the General LedgerGeneral Ledger Requirement 10—Prepare the Post Closing Trial BalancePost-Closing Trial Balance Hint for success: Review the Week 2 Lesson prior to starting this project. There are also hints contained within certain cells on some of the Worksh You can hover over the red pointer at the top right-hand corner of the cel Hints are provided for the following balances: 1) The debits for the journal entries are on the Journal Entries tab. 2) The credits for the journal entries are on the Journal Entries tab. 3) The cash balance is on the General Ledger tab. 4) The debits for the trial balance are on the Trial Balance tab. 5) The credits for the trial balance are on the Trial Balance tab. 6) The debits for the adjusted trial balance are on the Adjusted Trial Balance tab. 7) The credits for the adjusted trial balance are on the Adjusted Trial Balance tab. 8) Net income for the income statement is on the Financial Statements tab. 9) Retained earnings as of July 31 are on the Financial Statements tab. 10) Total assets for the balance sheet are on the Financial Statements tab. 11) Total liabilities and shareholders' equity for the balance sheet are on the Financial Statements tab. 12) The debits for the post-closing trial balance are on the Post-Closing Trial Balance tab. 13) The credits for the post-closing trial balance are on the Post-Closing Trial Balance tab.