Discussion

In your initial post, consider the steps in the accounting cycle. In what order do you think the financial statements should be produced? Specifically, does the position of the closing entries make sense to you as described in the textbook, or does it make more sense to produce the statements in the order described in … Read more

accoounting

  This is a graded discussion forum. Your first message should be posted by Wednesday. At least 3 comments are required. The best practice is to post at the beginning, middle, and end of the week. Required: The Week 1 Discussion consists of three separate questions. You will answer one or more of the following … Read more

Smith Hardware

   Smith’s Home Hardware is a successful Arizona – based retail operation, realizing significant profits from its retail hardware stores. Smith’s creates a subsidiary (“Alixco”) by contributing $70 million of capital. The contribution of capital includes: $15 million of inventory, $15 million of CD’s, a $10 million office building in Missouri, and patents on high-tech … Read more

Closing Entries project 2

The attached excel worksheet is the project. You will complete the worksheet by making the necessary adjustments. Afterwards, you will prepare the adjusted trial balance, income statement, and balance sheet. The worksheet is the only one that you will use and return. Do not convert it into PDF. Points will be taken off for not … Read more

Closing Entries project

The attached excel worksheet is the project. You will complete the worksheet by making the necessary adjustments. Afterwards, you will prepare the adjusted trial balance, income statement, and balance sheet. The worksheet is the only one that you will use and return. Do not convert it into PDF. Points will be taken off for not … Read more