BoasWilliam-ACP

BoasWilliam-ACP - Accounting Cycle Project - Solid Footing...

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Last Name: Project is Activated ID Code: Before you begin working on your project, save your activated project by following the directions in the Saving Your Project box. Instructions: You will be recording the July 2011 transactions for Lenny's Lawn Service, Inc. After recording the July transactions you will be preparing a Pre-Closing Trial Balance, Income Statement, Statement of Stockholders' Equity, Balance Sheet, and Post-Closing Trial Balance. As you work on your project, be sure to save your Excel file often. You are given the following: Statement of Stockholders' Equity, Balance Sheet, and Post-Closing Trial Balance To Complete Your Project do the following: your entries directly into the General Journal. Look at the July 1 Notes Payable Ste transaction, which has already been entered, for an example of how to make your entries. in the Ac as a reference source for the Account Numbers and Account Names that are available in Lenny's accounting system. For each busin that occurs dur period, determ transaction on accounts. Record your postings directly into the General Ledger. As you post an amount to an account Make an entry Journal for eac the first posting to the Cash account for an example. After you post an amount to a post the entry Ledger accoun General Journal. This will help you keep track of which entries you have posted. A ccounting C ycle P roject - Solid Footing 5e ü July 2011 transactions and Additional Information -- Trans tab ü Chart of Accounts with Account Numbers and Account Names -- Chart Accts tab ü General Journal pages -- Journal tab ü Lenny's General Ledger -- GL Assets, GL Liab-Equity, GL Rev-Exp-Div tabs ü Forms for the July 31, 2011 Pre-Closing Trial Balance, Income Statement, Trial Bal, IS & SEquity, BalSht, and Post Close TB tabs ü Print the July Transactions (click the Trans tab and then click the Printer Icon) ü Print the Chart of Accounts (click the Chart Accts tab and then click the Printer Icon) ü Record the July transactions in the General Journal. Click the Journal tab and record Do not put the " X " in the Posted column at this time. Use the printed Chart of Accounts ü To make posting from the General Journal to the General Ledger easier, it is recommended that you print the General Journal -- click the Journal tab and then click the Printer Icon. ü Post the entries from the printed General Journal to the General Ledger accounts. Click the GL Assets, GL Liab-Equity, and GL Rev-Exp-Div tabs to find the accounts to be posted. be sure to enter the General Journal Page # into the Journal Page # column. See General Ledger account, then hand write an " X " in the Posted column of the printed ü Enter the " X "s, which you hand wrote on your General Journal pages, into the General Journal. Click the Journal tab and enter the " X "s in the Posted column Save your form: LastN file name S Windows - Click Fi - Click Sa - In File n - Click Sa Windows - Click th - Point to - Click Ex - In File n - Click Sa
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BoasWilliam-ACP - Accounting Cycle Project - Solid Footing...

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