Essay about Accounts Project 1

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Submitting Your Project
Please submit your graded project online by uploading a finished copy of this PDF file to the school.
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Note that Acrobat Reader’s Comment & Markup tool set includes a Line tool you can use to underscore totals.

Before you start filling in the accounting forms, please type your eight-digit student number in the space below.

21,946,851
STUDENT NUMBER: ______________________
Then, follow these steps to complete and submit your project file.
1.

In Acrobat Reader, complete the forms included in this file. Check your work carefully, and save the completed file (forms-06168900.pdf) on your computer.

2. Go to http:www.takeexamsonline.com and log in.
3. Go to My Courses.
4. Click on Take Exam next to this lesson.
5. Enter your e-mail address in the box provided.
(Note: This information is required for online submissions.)
6. Upload a copy of your completed file as follows:
a. Click on the Browse box.
b. Locate your finished copy of this PDF file.
c. Double-click on the file.
d. Click on Upload File.
e. If you ever have more than one file to attach in a project submission, repeat steps a–d.
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Aqua Elite, Inc.

Balance Sheet
As of July 31, 20XX

ASSETS

Cash
Accounts Recievable
Prepaid Rent
Supplies
Vehicles
Less: acc. Dep Veh
Furniture
Less: acc. Dep Furn
Equipment
Less: acc. dep equip
Land

LIABILITIES

$18,280
$5,300
$3,000
$350
$31,000
$(650)
$3,300
$(400)
$4,700
$(210)

Accounts Payable
Unearned Revenue
Notes Payable
Salaries Payable

$30,350 Total LIabilities

$1,840
$800
$31,000
$675

$34,315

$2,900
$4,490
$15,000

STOCKHOLDER’S EQUITY

Total Assets

Graded Project: 06168900

Capital Stock
Retained Earning

$38,500
$6,855

Total Stockholder's Equity

$45,355

Total Liabilities &
$79,670 Stockholder's Equity

$79,670

1

Aqua Elite, Inc.
Income Statement
For the Period May 1 20XX to July 31, 20XX

Revenues:
Service Revenue
Total Revenue
Expenses:
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