Can anyone do this term project?
EAST LOS ANGELES COLLEGE
ACCOUNTING 2 (#0106)
Spring 2016
Practice Set – HYDRO PADDLE BOARDS
· This practice set is on Job Order Cost managerial accounting.
· This practice set provides the narrative form approach.
· Follow the general instructions from pages 3 to 4.
· Journalize the transactions that are on pages 5 to 7.
· Ignore instructions for software from pages 1 to 2.
· Always refer to the Chart of Accounts on page 10 for the correct account titles.
· Adjusting and closing entries data is on page 7.
· Prepare financial statements in the format you have learned before.
· Employer Payroll Taxes Allocation on page 46 is not required.
Journal entry for employer payroll on Jan 31st is shown below.
· Write your name and student ID number on the front page of the practice set.
· Your project, in hard copy (handwritten) (I will not accept e-mail attachment or flash disk), is due at 9 am on Tuesday 05/03/2016. No late practice set will be accepted .
Jan 31st Employer Payroll Journal Entries:
Factory Overhead 10,230.34
Payroll Taxes Expense-General 6,966.48
FICA Tax Payable 9,414.32
Federal Unemployment Tax Payable 1,004.19
State Unemployment Tax Payable 6,778.31
Here are some check figures:
|
Account Balances on Jan 31st |
|
|
Cash |
$ 140,129.81 |
|
Unadjusted Trial Balance (Debit Balance) |
$ 1,838,846.48 |
|
Adjusted Trial Balance (Debit Balance) |
$ 1,866,509.53 |
|
Net Income |
$ 20,360.62 |
|
Balance Sheet (Total Assets) |
$ 1,205,724.89 |
|
Post-Closing Trial Balance (Debit Balance) |
$ 1,468,645.37 |