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You have been provided with the Trial Balance for the month of June 2016 and a list of the transactions for July and August. You are required to apply the Accounting Cycle for each month by creating the following:
•    General Journal
•    General Ledger
•    Trial Balance
•    Financial Statements
o    Income Statement
o    Statement of Changes in Equity
o    Balance Sheet
•    Post Closing Trial Balance
Once you have done this for both months, you then need to provide a 2 page report that summarises your key findings and any interesting observations you noticed within the reports. (Note: this is to give me an indication of how well you can briefly explain what you have done rather than anything particularly formal).


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Q

Required Consolidate Hardy Ltd and Stoney Ltd: 1. Prepare the consolidation journal entries, with narrations to consolidate Hardy Ltd and Stoney Ltd for the year ended 30 June 2X16. 2. Prepare a consolidated worksheet (using Excel or similar) to consolidate Hardy Ltd and Stoney Ltd for the year ende ...

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Q

Required:1.       Compute two different unit costs for each of the Cable Service Division’s products. What managerial objectives are being served by these unit cost computations?2.       Three different cost categories are provided by the Cable ...

View Answer
Q

Required activities: Part A: Systems Documentation 1.Present a Context and Level 0 (logical) DFD based on the description above. If you have to assume things about the process to provide the optimal diagram, please note your assumptions below your diagram. 2.Present a Process Map based on the descri ...

View Answer
Q

In recent years a number of companies have gone into liquidation (been ‘wound up’) because they have not been able to meet their liabilities when they fell due. In Australia, there are some well-publicised examples such as ABC Learning, HIH Insurance amd One.Tel phone company  Requi ...

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