Overview
PROJECT INFORMATION:
You are considering opening a retail establishment, ABC Company and need to make a number of decisions regarding this new company and prepare a number of documents.
Part 1 has been done already.
Part 2: Create a chart of accounts for ABC Company using the Excel template provided below.
ACG1001 ABC Company Chart of Accounts.xls
Part 3: Using transactions provided in the worksheet below, complete the following: (1) create journal entries for your company using the template provided; (2) complete the Trial Balance at January 31, 2018 using the same template:, (3) draft a set of financial statements and (4) Write a short 1-page report explaining the importance of a Trial Balance and what you discovered. Embed your revised Chart of Accounts from part (2) into your report.
ACG1001 ABC Company Transactions and Trial Balance.xlsx
Part 4: Discuss the internal controls you would set up for your company.
Writing Activity:
Week 15 ( part 4) you will submit a 1 page report with at least 1 reference from the Keiser University library. This is expected to be college-level writing. The report needs to be one that your instructor wants to read.
All written documents and sources used are to be submitted in APA format (use the writing center as needed). APA Formatting & Style Guide at https://owl.purdue.edu/owl/research_and_citation/apa_style/apa_formatting_and_style_guide/general_format.html
Technology/Collaborative Activity:
You will be using Word in Week and 15 ( part 4) and Excel to create spreadsheets in Weeks 8 (part 2)and 12 (part 3)