ACCT 212 Week 6 Course Project Milestone 2 Project Requirement 4-10: Peter s Pool Corporation (PPC)

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Course Project Overview The Course Project consists of 10 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. 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 … in this Workbook. There are eight worksheets in the workbook you will need to complete. A list of July transactions A Chart of Accounts reference sheet A Grading Rubric to help explain what is … Each worksheet has the Check Figures … as a comment. Scenario You’ve just secured a new client in your accounting practice, Peter’s Pool Corporation (PPC), a brand new small business specializing in pool service. The owner, Peter Peck, is a terrific swimmer and pool repair specialist, but definitely not an accountant. Your job is to help Peter put his affairs in order. Luckily, Peter has only been in operation for a month and things have not gotten too out of hand yet! Peter has to submit his financial statements to his investors and doesn’t know where to begin. It’s your job to go through the complete Accounting cycle to prepare the financial statements for the PPC. Requirements 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 5 Post Adjusting Entries to the General Ledger 4 &5 -Adjusting Entries ( Use worksheet #2) 6 Prepare an Adjusted Trial Balance 6- Adjusted TB 7 Prepare the Financial Statements 7 – Financial Statements 8 Prepare the Closing Entries 8&9 – Closing Entries ( use worksheet #2) 9 Post Closing Entries to the General Ledger 8&9- General Ledger 10 Prepare the Post Closing Trial Balance 10 – Post Closing Trial Balance 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 4 – This includes project requirements 1-3. Milestone 2 is due in Week 6 – This includes project requirements 4-10. [Show More]

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