Exam (elaborations)
ACCT105 Week 7: Cost-Volume-Profit Analysis Project Milestone 3 American Military University
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ACCT105 Week 7: Cost-Volume-Profit Analysis Project Milestone 3 American Military University
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ACCT 105: Course ProjectRequirement
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, ACCT 105: Course Project
Requirement Description
Prepare the Journal Entries in the General Journal
Post Journal Entries to the General Ledger
Prepare a Trial Balance
Prepare the Adjusting Entries
Post Adjusting Entries to the General Ledger
Prepare an Adjusted Trial Balance
Prepare the Financial Statements
Prepare the Closing Entries
Post Closing Entries to the General Ledger
Prepare the Post Closing Trial Balance
Prepare ratio analysis
Prepare Break-Even Analysis
, Worksheet Name
1 - Journal Entries
2 - General Ledger
3 - Trial Balance
4 &5 - Adjusting Entries
4 &5 -Adjusting Entries ( Use worksheet
#2)
6- Adjusted TB
7 - Financial Statements
8&9 - Closing Entries ( use worksheet
#2)
8&9- General Ledger
10 - Post Closing Trial Balance
11 -Ratio Analysis
12 - Break Even
, Course Project Overview
The Course Project consists of 12 Requirements for you to complete. Part 1 of the Course Project is due at the end
of Week 4 and Part 2 at the end of Week 6 and Part 3 is due at the end of week 8. See the Syllabus section ”Due
Dates for Assignments & Exams” for due date information. All of the information you need to complete the Course
Project is located in this Workbook.
• There are ten (10) worksheets in the workbook you will need to complete.
• A list of July transactions Before You Begin:
• A Chart of Accounts reference sheet
Reed chapters 1-5 prior to starting w
• A Grading Rubric to help explain what is expected.
• Each worksheet has the Check Figures embedded as a comment. on this project.
Print the Chart of Accounts and July
Transactions worksheets for your
reference. You will need to refer to bo
throughout the project.
Scenario Review the Grading Criteria.
You’ve just secured a new client in your accounting practice, Jane's Skate Boards Inc., a brand new small business SAVE your work frequently in this
specializing in selling skate boards. The owner, Jane Jones, is good at selling but she needs your help with workbook.
accounting. You have decided to use the perpetual inventory method to account for inventory and Cost of Goods
Sold.
Requirements
ACCT 105: Course Project
Requirement Requirement Description Worksheet Name
1 Prepare the Journal Entries in the General Journal 1 - Journal Entries
2 Post Journal Entries to the General Ledger 2 - General Ledger
3 Prepare a Trial Balance 3 - Trial Balance
4 Prepare the Adjusting Entries 4 &5 - Adjusting Entries
4 &5 -Adjusting Entries
5 Post Adjusting Entries to the General Ledger
( Use worksheet #2)
6 Prepare an Adjusted Trial Balance 6- Adjusted TB
7 Prepare the Financial Statements 7 - Financial Statements
8&9 - Closing Entries ( use
8 Prepare the Closing Entries
worksheet #2)
9 Post Closing Entries to the General Ledger 8&9- General Ledger
10 - Post Closing Trial
10 Prepare the Post Closing Trial Balance
Balance
11 Prepare ratio analysis 11 -Ratio Analysis
12 Prepare Break-Even Analysis 12 - Break Even
Guidelines
Use the embedded assistance in the template, guidance in your textbook, and examples in the weekly lectures to
complete this project. Should you have any questions contact your professor.
Milestone 1 is due in Week 2 - This includes project requirements 1-3.
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