AP2.01 – Great Adventures Inc. Short version

Financial Accounting

Spiceland, Thomas, and Herrman

05th Edition and 06th Edition

Record each of 11 transactions in July for Great Adventures.(stock, prepaid insurance, prepaid insurance, legal fees, supplies, advertising, inventory, revenue)

NOTE: FOR THE FULL ENTIRE CYCLE PROJECT, CLICK HERE. THIS IS NOT THE FULL BIG END OF THE CHAPTER 4 CYCLE PROJECT!

AP5.01 – Great Adventures

Financial Accounting

Spiceland, Thomas, and Herrman

05th Edition and 06th Edition

Record TEAM adventure transactions and prepare the adjusting entry for uncollectable accounts.

AP6.01 – Great Adventures

Financial Accounting

Spiceland, Thomas, and Herrman

05th Edition and 06th Edition

Calculate sales revenue, cost of goods sold, ending inventory. Prepare the gross profit section of a partial income statement, and record any necessary adjustment on December 31st.

AP7.01 – Great Adventures

Financial Accounting

Spiceland, Thomas, and Herrman

05th Edition and 06th Edition

Record the expenditures related to the vehicle, prepare a depreciation schedule (straight-line method), record the expenditures related to the vehicle maintenance, and record the depreciation expense and any other adjustments.