Create your own
company describing the nature of the company and what it provides
(should be providing services and assume it is a sole
proprietorship).
Show in details
the Accounting cycle (journalizing in general journal, posting in
general ledger and preparing financial statements) taking into
consideration the following:
- Transaction to start with not less than 25 transactions
(including at least one unearned and one prepaid transactions)
- Use the coding for the accounts used
- During the adjusting period please make sure you have covered
all six categories discussed in class
- Make sure to show the method used to calculate the depreciation
highlighting over the reason on choosing this specific method
- Assume you are using the allowance method in estimating the
uncollectible accounts for Accounts receivables.