I wanted to try an create a manufacturing company, operating for around two months and...
80.2K
Verified Solution
Link Copied!
Question
Accounting
I wanted to try an create a manufacturing company, operating for around two months and see the process of how it works to help understand what i am learning in class! You can create any company and create the Points that i mentioned down below! I wanted to see how they all change in order (preferrably through excel!) Thank you
- General Journal
- General Ledger
- Unadjusted Trial Balance
- Adjusted Trial Balance
- Post-closing Trial Balance
- Cost of Goods Manufactured Schedule
- Income Statement
- Retained Earnings Statement
- and Balance Sheet
Once these are filled out, could you explain why the information was used!
- Capital investment requirements (Assets needed to start the business and associated costs)
- Financing of Assets (where did the money come from to purchase your assets)
- Inventory analysis of your company (Raw Materials, Work-in-Process and Finished Goods), product costing method (job cost or process cost) including individual jobs or processes.
- Summarize financial information of your company. Include in this discussion the financial results of the two months operation and the companys future goals.
- And anything else that would help me understand! Thank you
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!