IRCA for one issue and Retained Earnings statement.

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Aguamaint_year_2_academic_honesty_pledge_sheet_5Y2B2018.saved.xls
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Academic Honesty Pledge

Academic Honesty Pledge for Year 2 of the BAM: 2-65
Note that this pledge applies to all assignments completed for Year 2 of Aguamaint, regardless of whether or not you are
asked to submit a signed statement with each assignment or not.
Pledge: By signing my name below (submitting this work from my e-mail account), I am promising that:
1) The work I submit is my own,
2) I did not and will not give aid to others,
3) I will not share any information about the assignment with those who are completing it later, in subsequent BAM classes,
4) I will report any others that I observe violating these rules.
5) I will NEVER upload a BAM document or solution, whether it be my own or from another source, to any website or social media.
I understand that doing so is not only cheating, but also Copyright Infringement.
By typing my name in the box below, I acknowledge my responsibilities as stated above and I understand that if I act in an
academically dishonest manner I will receive a failing grade in this class.
Type your name in the above box as evidence of your agreement to the academic honesty pledge.
Instructions for saving this document under a new name:
This document is read only. You will need to save it under a new name that identifies you and your teammates, the year of the Aguamaint
financial statements that you are submitting, and the date of your submission; i.e. Team3Year2Nov122018. Also, please type your names on
the excel documents that you are submitting to be graded.

Chart of Accts and Trial Bal

AGUAMAINT , INC. AGUAMAINT, INC.
CHART OF ACCOUNTS TRIAL BALANCE
DECEMBER 31, 20X2 DECEMBER 31, 20X2
ACCOUNT Beginning Balance Transactions Unadjusted Balance Adjusting/Correcting Entries Adjusted Balance
ACCOUNT NAME # DR CR DR CR DR CR DR CR DR CR
CASH 101 2,536
ACCOUNTS RECEIVABLE 105 79,600
ACCOUNTS RECEIVABLE- PROGRESS BILLINGS 106
ALLOWANCE FOR DOUBTFUL ACCOUNTS 108
EQUITY SECURITIES-SHORT TERM MARKETABLE 111
MERCHANDISE INVENTORY 121
RAW MATERIALS 122
WORK IN PROGRESS 123
MANUFACTURING COSTS-VARIABLE 124
MANUFACTURING COSTS-FIXED 125
CONSTRUCTION IN PROGRESS 126
BILLINGS ON CONSTRUCTION CONTRACT 127
SUPPLIES ON HAND 129 5,190
PREPAID INSURANCE 132 2,649
LAND 151
BUILDINGS 161
BUILDINGS-ACCUMULATED DEPRECIATION 162
EQUIPMENT 171 42,700
EQUIPMENT-ACCUMULATED DEPRECIATION 172 6,100
VEHICLES 181
VEHICLES-ACCUMULATED DEPRECIATION 182
RIGHT-OF-USE ASSET--LEASE-SHOP EQUIPMENT 190
RIGHT-OF-USE ASSET--LEASE-BUILDING 191
RIGHT-OF-USE ASSET--LEASE-FURNITURE & EQUIP 192
RIGHT-OF-USE ASSET--LEASE-TRUCKS 193
LICENSE 197 44,800
GOODWILL 198
PATENT 199
EQUITY SECURITIES-LONG TERM MARKETABLE 201
EQUITY SECURITIES-EQUITY METHOD INTEREST 202
EQUITY SECURITIES-LONG TERM PRIVATELY HELD CO 203
DEBT SECURITIES-AFS MARKETABLE 205
PENSION ASSET 210
NOL TAX BENEFIT 212 2,683
NOL VALUATION ALLOWANCE 213 939
DEFERRED INCOME TAX 215
START-UP COSTS 217
DEFERRED R&D COSTS 221
ACCTS PAY-INVENTORIABLE COSTS 301
ACCTS PAY-SUPPLIERS-OTHER COSTS 302 19,100
ACCTS PAY-EQUIPMENT ACQUISITION 303
WAGES PAYABLE 305 15,050
INTEREST PAYABLE-NOTES 311
INTEREST PAYABLE-FINANCE LEASE LIABILITY 312
INTEREST PAYABLE-BONDS 313
INCOME TAX PAYABLE 314
SHORT-TERM PORTION OF L-T NOTES 321
SHORT-TERM PORTION OF L-T BONDS 323
ST PORTION LEASE PAYABLE-EQUIPMENT 329
ST PORTION LEASE PAYABLE-BUILDING 330
ST PORTION LEASE PAYABLE-FURNITURE 331
ST PORTION LEASE PAYABLE-TRUCKS 332
DEFERRED CONTRACT REVENUE 335
DIVIDENDS PAYABLE 350
LONG-TERM DEBT-NOTES 401
LONG-TERM DEBT-BONDS 403
DISCOUNT AND DEBT ISSUE COSTS ON BOND PAYABLE 404
PREMIUM AND DEBT ISSUE COSTS ON BOND PAYABLE 405
LEASE PAYABLE-EQUIPMENT 409
LEASE PAYABLE-BUILDING 410
LEASE PAYABLE-FURNITURE 411
LEASE PAYABLE-TRUCKS 412
PENSION LIABILITY 414
DEFERRED INCOME TAX 415
STOCK COMPENSATION LIABILITY 420
WARRANTY LIABILITY 422
CAPITAL STOCK-PREFERRED 451
PAID-IN CAPITAL-PREFERRED 452
CAPITAL STOCK-COMMON 461 150,000
PAID-IN CAPITAL-COMMON 462
PAID-IN CAPITAL-STOCK APPREC RIGHTS 466
PAID-IN CAPITAL-STOCK OPTIONS 467
PAID-IN CAPITAL-FORFEITED STOCK OPTIONS 468
PAID-IN CAPITAL-TREASURY 469
ACCUM OCI-MARKET GAIN/LOSS-AFS DEBT SECURITES 473
ACCUM OCI-AFS MKT GAIN/LOSS DEF TAX (BENEFIT) EXPENSE 474
ACCUM OCI-PRIOR SERVICE COST-PENSIONS 475
ACCUM OCI-PENSION DEF TAX (BENEFIT) EXPENSE 476
RETAINED EARNINGS 491 11,031
RETAINED EARNINGS-CASH DIVIDENDS 492
RETAINED EARNINGS-STOCK DIVIDENDS 493
RET EARNINGS-ERROR CORRECTION 494
RET EARNINGS-CUMULATIVE EFFECT 495
TREASURY STOCK 499
SALES REVENUE 501
SERVICE REVENUE FROM CONTRACTS WITH CUSTOMERS 505
CONSTRUCTION REVENUE FROM CONTRACTS WITH CUSTOMERS 511
COST OF GOODS SOLD-INVENTORY 521
COST OF GOODS SOLD-AIR FREIGHT 522
COST OF GOODS SOLD-WAREHOUSE RENT 523
COST OF GOODS SOLD-MERCH INVENTORY WARRANTY EXPENSE 524
COST OF GOODS SOLD-LS PUMP WARRANTY EXPENSE 525
SERVICE COSTS-DIRECT-LEASE EXPENSE-TRUCKS 552
SERVICE COSTS-DIRECT-FUEL 553
SERVICE COSTS-DIRECT-R AND M 554
SERVICE COSTS-DIRECT-CREW WAGES 560
SERVICE COSTS-INDIRECT-SHOP WAGES 561
SERVICE COSTS-INDIRECT-SHOP UTILITIES 562
SERVICE COSTS-INDIRECT-LEASE EXPENSE-SHOP BLDG 563
SERVICE COSTS-INDIRECT-SUPPLIES 564
COST OF CONSTRUCTION 581
SELLING & ADMIN-UTILITIES 601
SELLING & ADMIN-LEASE EXPENSE-OFFICE BLDG 602
SELLING & ADMIN-MEDICAL BENEFITS 603
SELLING & ADMIN-LEASE EXPENSE-EQUIPMENT 606
SELLING & ADMIN-SUPPLIES 607
SELLING & ADMIN-PROFESSIONAL FEES 609
SELLING & ADMIN-INSURANCE 610
SELLING & ADMIN-OFFICERS SALARIES 611
SELLING & ADMIN-OTHER SALARIES 612
SELLING & ADMIN-SALES SAL & COMM 613
SELLING & ADMIN- WAREHOUSE WAGES 614
SELLING & ADMIN-PAYROLL AND OTHER TAXES 615
SELLING & ADMIN-PENSION SERVICE COST 616
SELLING & ADMINISTRATIVE-STOCK COMPENSATION 620
SELLING & ADMINISTRATIVE-OTHER 631
SELLING & ADMIN- BAD DEBTS 651
START UP-CREW TRAINING 680
TRUCK DEPRECIATION 701
EQUIPMENT DEPRECIATION 704
WAREHOUSE DEPRECIATION 706
AMORTIZATION OF RIGHT-OF-USE ASSETS 708
AMORTIZATION OF LICENSING COSTS 710
AMORTIZATION OF START-UP COSTS 711
AMORTIZATION OF R&D COSTS 713
AMORTIZATION OF PATENT 714
IMPAIRMENT LOSS 720
INVENTORY OVER/SHORT 722
MARKET LOSS ON INVENTORY 724
R&D EXPENSE 730
INTEREST REVENUE-AFS DEBT SEC 750
INTEREST EXPENSE-NOTE PAYABLE 751
INTEREST EXPENSE-BOND PAYABLE 753
DEBT ISSUE EXPENSE 754
INTEREST EXPENSE-LEASE PAYABLE 758
OTHER NET PERIODIC PENSION COSTS 760
REALIZED GAIN/LOSS-AFS DEBT SEC 800
MARKET GAIN/LOSS-MKT EQ SEC 801
REALIZED GAIN/LOSS-MKT EQ SEC 802
DIVIDEND INCOME-MKT EQ SEC-ST 803
DIVIDEND INCOME-MKT EQ SEC-LT 804
INVESTMENT INCOME-INVEST IN AFFILIATE 805
DIVIDEND INCOME-LT INVESTMENT IN PRIVATELY HELD CO 806
UNREALIZED GAIN/LOSS ON PRIVATELY HELD CO 807
INCOME TAX EXPENSE 821
191,189 191,189

20X2 Client JEs

AGUAMAINT, INC.
JOURNAL ENTRIES
DECEMBER 31, 20X2
J/E # DATE ACCT # ACCOUNT NAME DEBIT CREDIT
1 1/1/X2 563 SERVICE COSTS-INDIRECT-LEASE EXPENSE-SHOP BLDG 32,500
602 SELLING & ADMIN-LEASE EXPENSE-OFFICE BLDG 6,500
101 CASH 39,000
To record and allocate new building lease payment.
2 2/1/X2 101 CASH 208,000
401 LONG-TERM DEBT-NOTES 208,000
To record issuance of long-term notes payable.
3 2/1/X2 181 VEHICLES 208,000
101 CASH 208,000
To record purchase of two new trucks.
4 101 CASH 274,800
105 ACCOUNTS RECEIVABLE 1,055,700
505 SERVICE REVENUE FROM CONTRACTS WITH CUSTOMERS 1,330,500
To record revenue from maintenance contracts.
5 101 CASH 994,200
105 ACCOUNTS RECEIVABLE 994,200
To record receipts on account.
6 560 SERVICE COSTS-DIRECT-CREW WAGES 347,010
305 WAGES PAYABLE 15,050
101 CASH 355,780
305 WAGES PAYABLE 6,280
To record accrual and payment of crew wages.
7 181 VEHICLES 7,200
561 SERVICE COSTS-INDIRECT-SHOP WAGES 147,000
101 CASH 151,100
305 WAGES PAYABLE 3,100
To record accrual and payment of shop wages, including wages capitalized to trucks.
8 181 VEHICLES 975
631 SELLING & ADMINISTRATIVE-OTHER 7,250
611 SELLING & ADMIN-OFFICERS SALARIES 129,025
612 SELLING & ADMIN-OTHER SALARIES 52,000
609 SELLING & ADMIN-PROFESSIONAL FEES 5,820
615 SELLING & ADMIN-PAYROLL AND OTHER TAXES 58,695
607 SELLING & ADMIN-SUPPLIES 16,000
101 CASH 269,765
To record accrual and payment of S&A expenses, including salary capitalized to trucks.
9 181 VEHICLES 657
562 SERVICE COSTS-INDIRECT-SHOP UTILITIES 12,093
601 SELLING & ADMIN-UTILITIES 2,550
101 CASH 15,300
To record accrual and payment of utilities, including amount capitalized to trucks.
10 181 VEHICLES 1,674
563 SERVICE COSTS-INDIRECT-LEASE EXPENSE-SHOP BLDG 1,674
To capitalize part of shop rent to trucks.
11 553 SERVICE COSTS-DIRECT-FUEL 42,077
101 CASH 42,077
To record purchase and payment of truck fuel.
12 181 VEHICLES 11,934
564 SERVICE COSTS-INDIRECT-SUPPLIES 32,660
302 ACCTS PAY-SUPPLIERS-OTHER COSTS 44,594
To record purchase of supplies, and to capitalize parts used for truck modifications.
13 129 SUPPLIES ON HAND 2,987
564 SERVICE COSTS-INDIRECT-SUPPLIES 2,987
To adjust to ending supplies inventory count.
14 552 SERVICE COSTS-DIRECT-LEASE EXPENSE-TRUCKS 24,600
101 CASH 24,600
To record rent payment for maintenance trucks.
15 302 ACCTS PAY-SUPPLIERS-OTHER COSTS 51,440
101 CASH 51,440
To record payment on account.
16 12/31/X2 701 TRUCK DEPRECIATION 34,667
182 VEHICLES-ACCUMULATED DEPRECIATION 34,667
To record depreciation expense on trucks.
17 12/31/X2 704 EQUIPMENT DEPRECIATION 6,100
172 EQUIPMENT-ACCUMULATED DEPRECIATION 6,100
To record depreciation expense on shop equipment.
18 12/31/X2 710 AMORTIZATION OF LICENSING COSTS 3,200
197 LICENSE 3,200
To record amortization of licensing costs.
19 12/31/X2 821 INCOME TAX EXPENSE 78,837
314 INCOME TAX PAYABLE 78,837
To record income tax expense at statutory rate of 21%.
Totals 3,871,200 3,871,200

Balance Sheet

Income Statement

Statement of Cash Flows

Statement of Changes in OE

Footnote Sched 1

Footnote Sched 2

statement of Retained Earnings