MAA261: Financial Accounting -Blues Guitars Pty Ltd - Financial Accounting Assignment Help

Internal Code: I_AH_CFCJ_HE

Financial Accounting Assignment Help

TASK Blues Guitars Pty Ltd is a custom guitar-making business that has one store in Melbourne and one store in Sydney and will begin trading on 1 July 2018, with the financial year ending on 30 June 2019. The business plans to generate revenue of approximately $500,000 annually and is structured as a private company with four owners. Two of the owners Jason and Kailee live in Melbourne and Jason works full-time in the Melbourne store. The other two owners, Damon and Jaida live in Sydney with Damon working part time in the store and Jaida full time. Blues Guitars bought production equipment on 1 July 2018 for $30,618. It is expected to last for six years and will have a residual value of $2,688. Jason expects it will have a life of 10,000 running hours distributed as follows Your supervisor would like you to work as a group (team) with three other graduate accountants from the firm and prepare a report for the client, Blues Guitars Pty Ltd. In preparation, your supervisor has provided you with the required questions that the client would like answered.