ACCOUNTING 1 Mini-Practice Set 2 Assignment Sheet

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ACCOUNTING 1Mini-Practice Set 2 Assignment Sheet

• Welcome to your Semester One Practice Set! This
  is an opportunity to show me all that you learned
  in Accounting I. You will be doing the general
  bookkeeping and accounting work for a business
  called Fast Track Tutoring Service.
• We will be completing this work as a PRE-TEST to
  assess your readiness for the semester two work.
  Therefore, we will be completing the problem
  manually AND in Peachtree.
• To complete the manual problems, turn to page
  282-283 in your textbook to find the
  instructions, chart of accounts and journal
  entries. The working papers are in the pages that
  follow. Using the finished product, complete the
  Audit-Test on pages 265-266 in your working
  papers.
• To complete the Peachtree version
• Open the ELC, click on Peachtree, login and go to
  the Problems and Tutorials Tab. Once there, load
  the Mini-Practice Set 2 (MP-2) problem.
• The Peachtree Instructions can be found on pages
  253-254 in your working papers.
• Record all the journal entries!
• After double-checking your work you can print out
  the reports requested in the instructions. Be
  sure that you are holding the financial
  statements BEFORE you do the period-ending
  closing.
• After closing, be sure to print out another trial
  balance.
• Submit all of your work for a grade!
• Manual Problem 135 points
• ______ Manual Journal (20 points)
• ______ Manual Ledger (20 points)
• ______ Bank Statement Reconciliation (10 points)
• ______ Worksheet (10 points)
• ______ Income Statement (10 points)
• ______ Statement of Changes in Owners Equity (10
  points)
• ______ Balance Sheet (10 points)