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Accounting Cycle Problem For Corporations Using Excel

£28.86

This course includes lifetime access so you can complete it at your own speed. This course is designed for those interested to learn the basics of accounting cycle – enter the normal financial transaction for a month of operations, recording debits and credits, or journalizing the financial transactions in the general journal using preformatted Excel worksheets. Benefits of taking this course include: Unlimited and lifetime access to the course Learn the course at your own pace Course can be accessed on any platform 24/7 Customer support

SKU: 267984 Category:

Description

Business

Description

In the full accounting cycle problem using Excel course, we will enter journal entries into the general journal related to setting up a partnership and to the first month of operations.

  • Enter accounting transaction
  • Enter journal entries into a general journal
  • Post journal entries to a general ledger
  • Create a trial balance from a general ledger
  • Enter adjusting entries
  • Create an adjusted trial balance
  • Create financial statements from the trial balance
  • Build a balance sheet
  • Build an income statement
  • Build a statement of partners’ equity
  • Navigate an Excel worksheet
  • Enter standard Excel formulas

We will enter the normal financial transaction for a month of operations, recording debits and credits, or journalizing the financial transactions in the general journal. We will perform these tasks using preformatted Excel worksheets. Even though this is a comprehensive problem, each new step will have a new Excel worksheet so that we can jump forward or go back and rework any component of the comprehensive problem.

Each new step in the process will include an Excel worksheet with at least two tabs, one demonstrating the completed task, and one with a preformatted worksheet to complete the task in a step by step format with instructional videos.

Once we have journalized the journal entries, we will post them to the general ledger and then create a trial balance form the general ledger. After completing the accounting transactions for the month, we will enter adjusting journal entries for the month, using an adjusting entry worksheet, the result being an adjusted trial balance.

We will use the adjusted trial balance to create the financial statements, to create the balance sheet, income statement, and statement of partners’ equity. Finally, we will enter the closing entries to prepare for the next accounting period, the next month of operations.

The Accounting Cycle Problem for Corporations Using Excel will cover the following topics:

Section 1 – Introduction

  • Excel Corporation Accounting Cycle Problem Overview
  • Downloadable Materials

Section 2 – Financial Transactions

  • 10 Corporation Comp Prob Introduction
  • 20 Corporation Comp Prob Stock Purchase
  • 30 Corporation Comp Prob Equipment Purchase
  • 40 Corporation Comp Prob Supplies Purchase
  • 50 Corporation Comp Prob Revenue on Account
  • 60 Corporation Comp Prob Customer Payment Unearned Revenue
  • 70 Corporation Comp Prob Purchase Insurance
  • 80 Corporation Comp Prob Unhide And Hide Pains
  • 90 Corporation Comp Prob Pay Vendor One Account
  • 100 Corporation Comp Prob Receive Cash on Account
  • 110 Corporation Comp Prob Revenue for Cash
  • 120 Corporation Comp Prob Pay Expenses
  • 130 Corporation Comp Prob Dividends

Section 3 – Adjusting Entries

  • 140 Corporation Comp Prob Adj Entry Insurance
  • 150 Corporation Comp Prob Adj Entry Supplies
  • 160 Corporation Comp Prob Adj Entry Depreciation
  • 170 Corporation Comp Prob Adj Entry Wages
  • 180 Corporation Comp Prob Adj Entry Unearned Revenue

Section 4 – Financial Statements

  • 190 Corporation Comp Prob Financial Statements Assets
  • 200 Corporation Comp Prob Liability & Equity·
  • 210 Corporation Comp Prob Net Income
  • 220 Corporation Comp Prob Statement of Equity

Section 5 – Closing Entries

  • 230 Corporation Comp Closing Entry One
  • 240 Corporation Comp Closing Entry Two
  • 250 Corporation Comp Closing Entry Three
  • 260 Corporation Comp Closing Entry Four