ACC 308 - Intermediate Accounting II For full instructions see Instructions Milestone 1 page For full instructions see Instructions Milestone 2 page 1. Using the Peyton Approved financial data, create: Adjusting Entries Adjusted Trial Balance 1. Pro Forma Financial Statements Using the given Pro Fo...
Work4
[COMPANY NAME] [Company address] Acc 308 Intermediate Accting Final Project Workbook Trial Balance
Pro Forma Financial StatementsSouthern New Hampshire University
ACC 308 - Intermediate Accounting II
For full instructions see Instructions
Milestone 1 pageFor full instructions see
Instructions Milestone 2 page
1. 1.
Using the Peyton Approved financial data,
create:
Adjusting Entries Adjusted Trial BalanceUsing the given Pro Forma information,
create:
Pro Forma Income Statement
Pro Forma Balance Sheet
2.
financial statements, prepare:
Revised Balance Sheet Revised Income Statement
Revised Retained Earnings Statement
Revised Statement of Cash FlowsMilestone! See the Milestone 2
3.
2016, and revised 2017, calculate the Current Ratio (Working Capital ) Quick Ratio
A/R Turnover Inventory Turnover
Gross margin Return on Sales Return on Equity Return on Assets
Milestone! See the Milestone 1MILESTONE 1 (Due in Module 3) MILESTONE 2 (Due in Module 5)
Instructions Milestone 1 Instructions Milestone 2
Ratio Analysis
Revised Financial Statements Southern New Hampshire University
ACC 308 - Intermediate Accounting II INSTRUCTIONS FOR MILESTONE 1 (Due Module 3)
IMPORTANT NOTE:
Make sure to completely review the Rubric for Milestone 1
Use the data from this Milestone and begin working on your final presentation due in Final Project (Module 7)
ITEMS TO COMPLETE FOR THIS MILESTONE (Blue Tabs) :
GENERAL
You just began a position as a financial accountant at Peyton Approved. In this role, your first task is to prepare the company’s financials for the year-end audit. Additionally, the company is interested in expanding its business within the next year. They would like
your support in assessing their ability to meet their goals.
TRIAL BALANCE 2017 TAB Using the Peyton Approved financial data (see bottom of page):
Create the necessary adjusting journal entries. Use the REF column to reference the entry to each event Complete the adjusted trial balance
REVISED FINANCIAL STATEMENTS
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GEDSTUDYGUIDE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.00. You're not tied to anything after your purchase.
