Accounting And Finance - Investment -Financial Reports - Accounting Assessment Answer

Assessment Details:

Your Accounts for Chart of Accounts:
1001: Cash, 1005: Office Supplies, 1010: Prepaid Rent, 1015: Accounts Receivable, 1030: Office Equipment, 1031: Accumulated Amortization-Office Equipment, 1035: Scooter, 1036: Accumulated Amortization—Scooter, 1050: Investment in Morgan Real Estate Agency, 2001: Accounts Payable, 2010: Long Term Liability-Bank Loan; 3001: Your Name Capital Account, 3005: Your Name withdrawal Account; 4001: Design Service Revenue, 4010: Real Estate Commission Income; 5001: Salary' Expenses, 5005: Rem Expenses. 5010: Supplies Expenses, 5015: Telephone Bills; 5020: Advertisement Expenses, 3025: Fuel expenses, 5030: Repair Expenses, 5040: Amortization Expenses-Office Equipment; 5041: Amortization Expenses-Scooter

Required:

1. Journalize all transactions in the proper format
2. Post the journal entries in appropriate ledgers (T Accounts) and prepare ledger balances
3. Prepare Quarterly Worksheet as on 31/03/18 using the following adjustments:
a. Office Supplies of Tk. 2350 remained unused
b. The scooter has an expected life 0f 3 years with a Salvage value 4,500
c. The Office Equipment has 2 years life With Tk. 500 salvage value
d. Necessary adjustments for prepaid rents

4. Prepare Formal Financial reports including, closing entries, Income Statement, Balance Sheet for the Quarter 1 including post-closing trial Balance will be rewarded with some bonus marks Calculate necessary ratios and analyze the performance of your business for the First Quarter Use double-space Time Roman 12 Font size for the Term Paper.

The above Accounting Assessment question has been solved by our Accounting Assessment Experts at My Uni Paper. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our experts are well trained to follow all marking rubrics & referencing style.

Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.