Accounting 3110 Case Study 代写

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    • Accounting 3110 Case Study 代写 


    Accounting 3110
    Case Study #1 ‐ Case Information and Requirements
    Company Information
    (1) Wildcat Corporation sells video games for personal computers.
    (2) December 31 is the company's fiscal year end.
    (3) The company uses the perpetual inventory system.
    (4)
    (5) Short‐term investments in 2016 includes $22,000 in treasury bills.
    (6)
    (7) The Line of Credit ‐ Wells Fargo is a revolving line of credit and is considered a current liability.
    (8)
    (9)
    (10)
    (11)
    Year‐end Adjusting Entries for 12/31/16
    (1)
    (2)
    (3)
    (4)
    (5)
    (6)
    Required
    (1) Download the Excel template from Canvas and save as "CS1 ‐ First and Last Name".
    (2) Complete the trial balance along with required adjusting journal entries for Wildcat Corporation.
    (3)
    (4) Prepare a statement of stockholders' equity for 2016 and 2015.
    (5)
    (6) Prepare the 2016 closing entries for Wildcat Corporation.
    (7)
    The unadjusted trial balance as of December 31, 2016 is found on the "Trial Balance" tab.  The
    columns with "1st PP‐FINAL" account balances are for 2015.
    By uploading your file to Canvas, you are acknowledging that you worked on your own in completing
    this case study. This is not a group project. If it was determined that you did not complete this case
    study on your own or copied another student's case study, then you will receive a zero on this
    assignment and the incident will be reported to the Dean of Students.
    The current portion of Notes Payable ‐ Wells Fargo (10 year) is $20,000, with all restricted cash
    relating to this note.
    At the end of 2016, a total of 100,000 shares of common stock (no par) were authorized, issued
    and outstanding.
    Prepare a classified comparative balance sheet for Wildcat Corporation at December 31, 2016
    and December 31, 2015.
    Cash dividends paid to the shareholders during the year amounted to $6,000. No dividends were
    distributed in 2015.
    The retained earnings balance as of January 1, 2015, was $37,235.
    The company issued 30,000 shares of common stock for $100,000 in 2016.
    The building was purchased in 2014 and is being depreciated using the straight‐line method over
    a thirty‐nine year useful life with no salvage value.
    Prepare a comparative income statement for 2016 and 2015, including EPS disclosures. The
    presentation of expenses should be by natural description (i.e. salaries, rent etc.). Ignore income
    taxes.

    Accounting 3110 Case Study 代写 
    The equipment was purchased in 2014 and is being depreciated using the straight‐line method
    over a ten year useful life with no salvage value.
    The adjusted balance of accrued salaries and wages at year‐end should be $18,000.
    The company borrowed $200,000 from Wells Fargo on September 1, 2016. The principal is due to
    be repaid in 10 years. Interest is payable on each August 31 of each year at an annual rate of 9%.
    The company debits supplies expense when supplies are purchased. Supplies on hand at year‐
    end cost $500.
    Prepaid rent at year‐end should be $1,000.
    Upon completion of the case study, upload your Excel file to the "Case Study 1" assignment by
    the due date indicated in the course schedule.

    Accounting 3110 Case Study 代写