Project 1

In this project, you will set up a sole proprietorship, service business. Use “Your Name”, Accounting as the company name not what is given in the book.  By doing this, your name will be on each page automatically every time you print.   You will complete the accounting cycle for the month of December 2019.

PROJECT 1 WILL COUNT 15% of the TOTAL Hands On Test 1 grade

You are to use your reports to complete the Project 1 quiz. Once your quiz is complete you will submit your Project 1 documents in the PROJECT 1 DROPBOX.  Please provide all the printouts as listed below in the order listed!  Up to 5 points will be deducted for each form out of order.   IE: Adjusted Trial Balance will be first.  The last tab will be the Postclosing Trial Balance.

General Ledger Trial Balance (adjusted)

Balance Sheet

Income Statement

Statement of Retained Earnings

Statement of Cash Flow

Postclosing Trial Balance