Accounting Project Completed.xlsx - Welcome to the Evans Consulting Accounting project(See summary project submissions below This accounting project is

Accounting Project Completed.xlsx - Welcome to the Evans...

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a3a1d6fa5c74d3dec7a5bfa807712afd2a057865.xlsx Watch video demonstrations for each submission: Evans project overview (10 min) Journalizing and posting to GL: (Video by McGraw-Hill a different publisher. Chapter #'s different than Cengage's Evans C Instructions Note: Cengagenow exercises don't require explanations below each JE. All Canvas Excel assignments do! (All accounting firms require explanations also!) Evans1 Video Demonstration of this assignment. Evans2 Video: Adjusting entries and Worksheet. Evans3 Video: Two Step Closing process by Cengage Evans1 : Submission #1. (Use this as a check list before you submit!) 1. Save Excel with Your name + Evans Project Sample: Lname, Fname Evans1 2. Journalize A-G and post to GL (include trans # at beginning of each explanation. A, B, etc) 3. Prepare the Trial Balance in the Worksheet 4. Format for printing & Submit for grading 5. Do not continue until Evans1 graded and you have corrected your original Evans Project. Evans2: Submission #2. "Evans2" 5. Prepare Adjusted Trial Balance including Income Statement and Balance sheet sections. 6. Journailize Adjustments H-J and Post. 7. Prepare Financial Statements. Format for Printing. (Note: #'s in TB & Financials s/b supported by balances in GL or - 15 pts each.) 8. Don't proceed to Evans3 until Evans2 Corrected. Evans3 : Submission #3 . "Evans3" 1. Journalize closing entries (K, L) Pg 171 27e 2. Post to GL, 3. Prepare post closing trial balance. 4. Don't proceed to Evans4 until Evans3 is corrected! Evans4 : Submission #4. Make all corrections in Evans3 including page print formatting. Be sure all corrections from Evans1, 2, &3 are done and submit the completed project. You should be able to "preview" all reports in the Evans4 assighnment page. That is where your professor will score your submission. Note: Cengagenow exercises don't require explanations below each JE. All Canvas Excel assignments do! Welcome to the Evans Consulting Accounting project! (See summary project submissions below.) This accounting project is being done in Excel which is equivalent to a 'manual' accounting system utilizing the principles of "double entry accounting" as explaine in Chapter 2. This enables you to learn the flow of data through an accounting system from the initial individual transactions being recorded to the financial statements representing the results of one month's transactions and the financial position of Evans Consulting at the end of that month (June 2012). If you entered these transactions in a computerized accounting system like Quickbooks you wouldn't see the 'flow of data'. Evans Consulting is a 'service business' (pg 5) and has no physical products. Chapters 6 & 7 cover merchandising but that is not covered in the accounting project. This project covers the first month of business and therefore there are no beginning balances. After completion of this project you have learned 1. how to set up a double entry accounting system in Excel, 2. How to enter external transactions with third parties in the proper journal entry format, 3. How to post those transactio
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  • Fall '19
  • Balance Sheet, Double-entry bookkeeping system, Accounting software, 16-Jun Evans

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