Financial accounting project requirement 1

  

The Course Project consists of 12 Requirements for you to complete. However, the only requirement that must be due as of now are 1-3. All of the information you need to complete the Course Project is located in an Excel® Workbook. Be sure to read all the sheets in the workbook. This workbook includes:

• Eight worksheets in the workbook you will need to complete
• A list of March transactions
• A Chart of Accounts reference sheet
• A Grading Rubric to help explain what is expected
• Each worksheet has the Check Figures embedded as a comment

Scenario 

You’ve just secured a new client in your accounting practice, Howard’s Flight Radio Management Corporation (HFRM), a brand new small business specializing in flight management systems (FMS). The owner, Howard Allan, is a former Air Force pilot and retired Colonel, but definitely not an accountant. Your job is to help Howard put his affairs in order. Luckily, Howard has only been in operation for a month and things have not gotten too out of hand yet! Howard has to submit his financial statements to his investors and doesn’t know where to begin. It’s your job to go through the complete accounting cycle to prepare the financial statements for the HFRM.

  

 Requirements 

1) Prepare the Journal Entries in the General Journal

Worksheet Name Journal Entries

 

2) Post Journal Entries to the General Ledger

Worksheet Name General Ledger

 

3) Prepare a Trial Balance

Worksheet Name Trial Balance

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