New Perspectives Excel 2019 | Module 5: End of Module Project 1

Lewellen Group GENERATE REPORTS FROM MULTIPLE WORKBOOKS        GETTING STARTED Open the file NP_EX19_EOM5-1_FirstLastNamexlsx, available for download from the SAM website. Save the file as NP_EX19_EOM5-1_FirstLastNamexlsx by changing the “1” to a “2”. If you do not see the .xlsx file extension in the Save As dialog box, do not type it. The program will add the file extension for you automatically. To complete this SAM Project, you will also need to download and save the following data files from the SAM website onto your computer: Support_EX19_EOM5-1_2021.xlsx With the file NP_EX19_EOM5-1_FirstLastNamexlsx still open, ensure that your first and last name is displayed in cell B6 of the Documentation sheet. If cell B6 does not display your name, delete the file…

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 New Perspectives Excel 2019 | Module 7: End of Module Project 1

Pierce Software SUMMARIZE DATA WITH PIVOTTABLES      GETTING STARTED Open the file NP_EX19_EOM7-1_FirstLastNamexlsx, available for download from the SAM website. Save the file as NP_EX19_EOM7-1_FirstLastNamexlsx by changing the “1” to a “2”. If you do not see the .xlsx file extension in the Save As dialog box, do not type it. The program will add the file extension for you automatically. With the file NP_EX19_EOM7-1_FirstLastNamexlsx still open, ensure that your first and last name is displayed in cell B6 of the Documentation sheet. If cell B6 does not display your name, delete the file and download a new copy from the SAM website. PROJECT STEPS Tiana Morales is the director of the customer call center for Pierce Software. For the past…

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New Perspectives Excel 2019 | Module 6: End of Module Project 1

Veritate Online MANAGE YOUR DATA WITH DATA TOOLS      GETTING STARTED Open the file NP_EX19_EOM6-1_FirstLastNamexlsx, available for download from the SAM website. Save the file as NP_EX19_EOM6-1_FirstLastNamexlsx by changing the “1” to a “2”. If you do not see the .xlsx file extension in the Save As dialog box, do not type it. The program will add the file extension for you automatically. With the file NP_EX19_EOM6-1_FirstLastNamexlsx still open, ensure that your first and last name is displayed in cell B6 of the Documentation sheet. If cell B6 does not display your name, delete the file and download a new copy from the SAM website. PROJECT STEPS Padma Laghari is a content manager for Veritate Online, a website that sells electronics,…

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MYOB CASE STUDY – The business is a Gift Shop named

MYOB CASE STUDY   Introduction In this assignment students are required to use the following modules of the MYOB computer accounting program to process transactions and to produce a set of accounting reports relating to business operations:   General Ledger Banking Sales – Accounts Receivable Purchases – Accounts Payable Inventory Company Data   The business is a Gift Shop named, “Student Name Gifts Pty Ltd” (students are to insert their own name) and the ABN number must include your “Student Number as a unique identifier” with zeros making up the required numbers. The firm’s sales are both over-the-counter cash sales and credit sales on account.   It will be necessary to create a new company, details are as follows: Company Name…

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Exp19 Excel AppCapstone CompAssessment Manufacturing

Project Description: You have recently become the CFO for Beta Manufacturing, a small cap company that produces auto parts. As you step into your new position, you have decided to compile a report that details all aspects of the business, including: employee tax withholding, facility management, sales data, and product inventory. To complete the task, you will duplicate existing formatting, utilize various conditional logic functions, complete an amortization table with financial functions, visualize data with PivotTables, and lastly import data from another source.   Steps to Perform: Step Instructions Points Possible 1 Start Excel. Download and open the file named Exp19_Excel_AppCapstone_ComprehensiveAssessment- Manufacturing.xlsx. Grader has automatically added your last name to the beginning of the filename. 0 2 Group all the worksheets…

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Popeye Company is a metal and wood cutting manufacture

Popeye Company is a metal and wood cutting manufacture, selling products to the home construction market. Consider the following data for the month of October, 2006. 1-1-2006 31-10-2006 Direct materials 100,000 125,000 Finished goods 250,000 375,000 Work-in-process 25,000 35,000   Transactions during the month: Rs Sand paper 5,000 Material-handling costs 175,000 Lubricants and Coolants 12,500 Miscellaneous indirect manufacturing labour 100,000 Direct manufacturing labour 750,000 Plant-leasing costs 135,000 Depreciation-plant and equipment 90,000 Property taxes on plant and equipment 10,000 Fire insurance on plant and equipment 7,500 Direct materials purchased 1,150,000 Sales revenues 3,400,000 Marketing promotions 150,000 Marketing salaries 250,000 Distribution costs 175,000 Customer-service costs 250,000   Required (i) Prepare an income statement with a separate supporting schedule of cost of goods manufactured.…

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Parent Ltd acquired 100% interest in Subsidiary Ltd

Parent Ltd acquired 100% interest in Subsidiary Ltd on 1 January 2019. At that date, Subsidiary Ltd’s net assets were represented by its shareholders’ equity consisting of share capital of $100,000 and retained earnings of $70,000. On the date of the acquisition, Parent Ltd and Subsidiary Ltd agreed the following; Subsidiary’s Land had a fair value of $180,000 (carrying amount $100,000). Subsidiary had a patent with a fair value of $100,000 (was not previously recognised in Subsidiary’s book). The patent is to amortise over 10 years on straight line basis. Subsidiary had inventories that were $30,000 lower than fair value. These inventories were sold by 30 June 2019. The following intra-company transactions occurred during the year ending 30 June 2020. On…

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Magnificent Constructions Ltd purchased a truck costing $105,000

Magnificent Constructions Ltd purchased a truck costing $105,000. It is expected to have a residual value of $5,000 at the end of its useful life of 10 years or 260,000 kilometres.  Ignore GST.   Required: Assume the truck was purchased on 1 July 2018 and that the accounting period ends on 30 June. Calculate the depreciation expense for the third year using each of the following depreciation methods straight-line diminishing balance (depreciation rate has been calculated as 20%) units of production (assume the truck was driven 30,000 km, 50,000 km, 60,000 km respectively in year 1, 2 and 3). Prepare partial financial statement that shows how the truck appear in the financial statement prepared at the end of year 3 using…

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The following information relates to the inventory of a retailing business named Sports Ltd

The following information relates to the inventory of a retailing business named Sports Ltd. during the month of October. Ignore GST.

		Units	Units cost ($)	Total cost ($)
1/10	Beginning inventory	315	110	34,650
5/10	Sales @ $250	180	?
10/10	Purchase	225	116	26,100
12/10	Sales @ $250	165	?
15/10	Purchase	135	122	16,470
20/10	Sales @ $250	170	?
23/10	Purchase	205	130	26,650

 

Sports Ltd uses the Perpetual Inventory System.

 

Required:

1. Determine the Ending inventory and Cost of Sales for the month of October, using the average method.
2. Contrast the Perpetual and Periodic Inventory systems.

During June 2020, the following transactions occurred in Michael Ltd

During June 2020, the following transactions occurred in Michael Ltd. Revenue earned on credit, $869,250. Sales returns, $18,050 Cash collected from Accounts receivable, $875,000.   Accounts Receivable has a debit balance of $637,167 and Allowance for Doubtful Debts has a credit balance of $9,075 at 1 June 2020. Ignore GST.   Based on percentage of net credit sales method and past experience, the firm’s bad debts expense for June has been estimated at 1% of its net credit sales. Ignore GST.   Required: Prepare general journal entries to record the transactions in June. Determine the bad debt expense for June and prepare necessary adjusting entries to adjust the bad debts expense. Prepare the relevant parts of the balance sheet that show…

The cash at bank ledger at SunBoost Ltd. has a debit balance

The cash at bank ledger at SunBoost Ltd. has a debit balance of $37,932 at the end of 31 March, while the bank statement prepared at 31 March has a credit balance of $50,580. The following information is produced by comparing the records of the SunBoost Ltd with the bank statement for March. Deposits of $6,270 is not reflected on bank statement Cheques of $18,703.5 is not presented to the bank A bank fee of $75 is charged by the bank Interest earned on bank account is $37.5 A dishonoured cheque was received from a client Eric S., $1,950 A note receivable of $1,932 was collected from a customer. It was paid via electronic transfer. Cheque issued for advertising expense should…

David Smith owns a car hiring business operating under the name Go Drive

David Smith owns a car hiring business operating under the name Go Drive. The unadjusted trial balance of Go Drive at 31 May 2020 is shown below (ignore GST). Go Drive Trial Balance As at 31 May 2020 Account Debit Credit Cash at bank 48,825 Accounts receivable 54,600 Fuel supplies 8,460 Prepaid advertising 5,970 Prepaid insurance 5,400 Office Furniture 24,000 Motor vehicles 862,500 Accumulated Depreciation – Vehicle 165,000 Accounts payable 31,200 Accrued interest 4,500 Unearned revenue 33,390 Loan payable 283,000 David S., Capital 423,010 David S., Drawings 60,900 Car hire revenue   299,200 Wages expense 122,430   Fuel and oil expense 23,520 Electricity expense 15,000 Mis. Expenses 7,695 1,239,300 1,239,300   The entity prepares financial statements every month. The information below…