The Basswood Furniture Bookkeeping Project is designed to simulate
the transactions that occur in an office environment. Everything you need to
complete the project is included in this Basswood Furniture Project package.
In this project, you’ll be the bookkeeper for Basswood Furniture,
a sole proprietorship that specializes in home furnishings and accessories.
First, you’ll need to set up the initial books of accounting. Next, you’ll
record all the indicated transactions into the appropriate journals and post
them accordingly. Then you’ll prepare a worksheet, create the necessary
financial statements for the company’s calendar year end, and finally close the
accounting period. When you’ve completed the required financial statements, you’ll
submit them to the school for grading.
The books of accounting for Basswood Furniture must be
completed manually, and the financial statements submitted in the proper format
for grading. You’ll upload the following financial statements according to the
instructions found in this study unit:
Balance sheet
Income statement
The other project materials aren’t necessary for grading the
project. Don’t send them to the school.
To download .xls file containing Income statement, Balance Sheet and unadjusted trial balance : Click HERE
