Complete the Comprehensive Problem-Perpetual. In this project, follow the steps of the accounting cycle to process given transactions in a business environment. Then, synthesize special journals, a trial balance, financial statements, and a post-closing trial balance.
Use the spreadsheet in Appendix C. Use the tabs labeled P07C and P07C.© BrainMass Inc. brainmass.com October 16, 2018, 8:52 pm ad1c9bdddf
This solution provides special journals, a trial balance, financial statements, and a post-closing trial balance in Excel.
Accounting Cycle Flow Chart; Examples of Financial Statements
Select a company that you are familiar with from the transportation industry.
Collect the 4 main financial statements from credible sources (newspaper, peer-reviewed journals, investor relations, web sites or annual reports.
Create a flow chart that illustrates the steps in the accounting cycle.
Include any other relevant information in the chart that would apply within the steps.
Source used for financial statement examples: