Deliverable Length: See assignment details
Final Project Overview
Throughout this course, you have learned various components of accounting. These components work hand-in-hand to create the accounting cycle – the process of recording, summarizing and reporting transactions. The final project will provide you the opportunity to apply the skills covered in this course through the completion of the accounting cycle. In addition, you will be able to demonstrate your understanding through analysis of the completed information. This project will be completed in two parts in Units 3 and 5.
Final Project Data
On December 1, 2015 John Trap created a new travel agency, Trap Adventures, Inc. providing exclusive adventure trips. The following transactions occurred during December 2015.
(NOTE: There are no beginning balances – this is a new company.)
| Dec 1 | John Trap invested $60,000 cash in the company for common stock. |
| 2 | Purchase office equipment for $17,500 cash. |
| 2 | The company rented furnished office space by paying $18,000 cash for the first six months (December 2015 – May 2016) rent. |
| 3 | The company purchased $1,500 of office supplies on account. |
| 10 | The company paid $3,600 cash for the premium on a 12-month insurance policy. |
| 14 | The company paid $10,750 cash for two weeks’ salaries earned by employees. |
| 24 | The company collected $54,000 cash on commissions from airlines on tickets obtained for customers. |
| 28 | The company paid $12,125 cash for two weeks’ salaries earned by employees. |
| 29 | The company paid $350 cash for minor repairs to the company’s computer. |
| 30 | The company paid $450 cash for this month’s telephone bill. |
| 30 | Dividends of $3,000 cash were paid. |
Adjustment Data:
Final Project Requirements
Using the spreadsheet found here and information above, complete the following:
We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreThe Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.
Read moreThe Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.
Read moreThe Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.
Read moreBy placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.
Read more