Davenport University: ACCT202 Project - Part 1
Company Background & Scenario The Panther
Marine Company is a well-established, publicly-held corporation, operating as a wholesaler in the marine parts industry. Specifically, Panther Marine purchases marine parts from manufacturers and sells them to large business customers. Most purchases and sales are on account, with trade credit terms specified in "Transactions" worksheet within this workbook. You're a Davenport University student pursuing a bachelor's degree in business and employed at the Panther Marine Company this semester as an intern. You've worked in various departments and on several projects so far, learning a lot about the company's business operations. Management seems impressed with your enthusiasm and the quality of your work. The company's accountant has just been called away for a family emergency and will likely be absent for a month or so. The General Manager asks you to take over the accountant's regular duties on an interim basis. You're nervous about doing so, but are confident that what you've learned in accounting class, plus your personal problem-solving skills, will make this a successful experience. What a great learning opportunity, not to mention an enhancement to your resume!
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