Full accounting cycle comprehensive corporate problem where we will enter journal entries into the general journal related to setting up a corporation and to the first month of operations.
What you'll learn
We will enter the normal financial transaction for a month of operations, recording the debits and credits, or journalizing the financial transactions in the general journal.
We will perform these tasks using downloadable PDF worksheets. Even though this is a comprehensive problem, each new step will have a new downloadable PDF worksheet so that we can jump forward or go back and rework any component of the comprehensive problem.
Each new step in the process will include a downloadable PDF worksheet with at least two components, one demonstrating the completed task, and one with a preformatted worksheet to complete the task in a step by step format along with instructional videos.
Once we have journalized the journal entries, we will post them to the general ledger and then create a trial balance from the general ledger.
After completing the accounting transactions for the month, we will enter adjusting journal entries for the month, using an adjusting entry worksheet, the result being an adjusted trial balance.
We will use the adjusted trial balance to create the financial statements, to create the balance sheet, income statement, and statement of shareholders’ equity.
Finally, we will enter the closing entries to prepare for the next accounting period, the next month of operations. We will use a four-step closing process.
Who will we be learning from?
You will be learning from somebody who has technical experience in accounting concepts and in accounting software like QuickBooks, as well as experience teaching and putting together curriculum.
2 Financial Transactions
FREE PREVIEWPDF - 10 Corp Prob Worksheet
FREE PREVIEWWorksheet - 10 B Corp Prob Worksheet
FREE PREVIEWWorksheet - 10 C Corp Prob Worksheet
FREE PREVIEW10 Corporation Comp. Prob. Worksheet
FREE PREVIEWPDF - 20 Corp Comp Prob Stock Purchase
FREE PREVIEWWorksheet - 20 B Corporation Comp Prob Stock Purchase
FREE PREVIEWWorksheet - 20 C Corporation Comp Prob Stock Purchase
FREE PREVIEW20 Corporation Comp. Prob. Stock Issuance
FREE PREVIEWPDF - 30 Corporation Comp Prob Equipment Purchase
Worksheet - 30 B Corporation Comp Prob Equipment Purchase
Worksheet - 30 C Corporation Comp Prob Equipment Purchase
30 Corporation Comp. Prob. Equipment Purch
PDF - 40 Corporation Comp Prob Supplies Purchase
Worksheet - 40 B Corporation Comp Prob Supplies Purchase
Worksheet - 40 C Corporation Comp Prob Supplies Purchase
40 Corporation Comp. Prob. Purchase Supplies
PDF - 50 Corp Comp Prob Rev on Account
Worksheet - 50 B Corporation Comp Prob Rev on Account
Worksheet - 50 C Corporation Comp Prob Rev on Account
50 Corporation Comp. Prob. Revenue on Account
PDF - 60 Corp Comp Prob Unearned Revenue
Worksheet - 60 B Corporation Comp Prob Unearned Revenue
Worksheet - C Corporation Comp Prob Unearned Revenue
60 Corporation Comp. Prob. Unearned Revenue
PDF - 70 Corp Comp Prob Purchase Insurance
Worksheet - 70 B Corporation Comp Prob Purchase Insurance
Worksheet - 70 C Corporation Comp Prob Purchase Insurance
PDF - 90 Corp Comp Prob Pay Vendor
Worksheet - 90 B Corporation Comp Prob Pay Vendor
Worksheet 90 C Corporation Comp Prob Pay Vendor
90 Corporation Comp. Prob. Vendor Payment
PDF - 100 Corp Comp Prob Receive Cash
Worksheet - 100 B Corp Comp Prob Receive Cash
Worksheet - 100 C Corp Comp Prob Receive Cash
100 Corporation Comp. Prob. Cash on Account
PDF - 110 Corp Comp Prob Revenue for C
Worksheet - 110 B Corp Comp Prob Revenue for C
Worksheet - 110 C Corp Comp Prob Revenue for C
110 Corporation Comp. Prob. Cash for Work Done
PDF - 120 Corp Comp Prob Pay Expenses
Worksheet - 120 B Corp Comp Prob Pay Expenses
Worksheet - 120 C Corp Comp Prob Pay Expenses
120 Corporation Comp. Prob. Pay Expenses
PDF - 130 Corp Comp Prob Dividends
Worksheet - 130 B Corp Comp Prob Dividends
Worksheet - 130 C Corp Comp Prob Dividends
130 Corporation Comp. Prob. Dividends
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3 Adjusting Entries
FREE PREVIEWPDF - 140 Corp Comp Prob Adj Entry Insurance
140 B Corp Comp Prob Adj Entry Insurance
140 C Corp Comp Prob Adj Entry Insurance
140 Corporation Comp. Prob. Adj. Entry Insurance
PDF - 150 Corp Comp Prob Adj Supplies
Worksheet - 150 B Corp Comp Prob Adj Entry Supplies
Worksheet - 150 C Corp Comp Prob Adj Entry Supplies
150 Corporation Comp. Prob. Adj. Entry Supplies
PDF - 160 Corp Comp Prob Adj Depreciation
Worksheet - 160 B Corp Comp Prob Adj Entry Depreciation
Worksheet - 160 C Corp Comp Prob Adj Entry Depreciation
160 Corporation Comp. Prob. Adj. Entry Depreciation
PDF - 170 Corp Comp Prob Adj Entry Wage
Worksheet - 170 B Corp Comp Prob Adj Entry Wages
Worksheet - 170 C Corp Comp Prob Adj Entry Wages
170 Corporation Comp. Prob. Adj. Entry Wages
PDF - 180 Corp Comp Prob Adj Entry Unearned Revenue
Worksheet - 180 B Corp Comp Prob Adj Entry Unearned Revenue
Worksheet - 180 C Corp Comp Prob Adj Entry Unearned Revenue
180 Corporation Comp. Prob. Adj. Entry Unearned Rev.
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4 Financial Statements
FREE PREVIEWPDF - 190 Corp Comp Prob Financial Stmt Assets
Worksheet - 190 B Corp Comp Prob Financial Stmt Assets
Worksheet - 190 C Corp Comp Prob Financial Stmt Assets
190 Corporation Comp. Prob. Balance Sheet - Assets
PDF - 200 Corp Comp Prob Liabilities & Equity
Worksheet - 200 B Corp Comp Prob Liabilities & Equity
Worksheet - 200 C Corp Comp Prob Liabilities & Equity
200 Corporation Comp. Prob. Balance Sheet Liabilities %26 Equ
PDF - 210 Corp Comp Prob Net Income
Worksheet - 210 B Corp Comp Prob Net Income
Worksheet - 210 C Corp Comp Prob Net Income
210 Corporation Comp. Prob. Income Statement
PDF - 220 Corp Comp Prob Stmt of Equity
Worksheet - 220 B Corp Comp Prob Stmt of Equity
Worksheet - 220 C Corp Comp Prob Stmt of Equity
220 Corporation Comp. Prob. Statement of Equity
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5 Closing Entries
FREE PREVIEWPDF - 230 Corp Comp Closing Entry One
Worksheet - 230 B Corp Comp Closing Entry One
Worksheet - 230 C Corp Comp Closing Entry One
PDF - 240 Corp Comp Closing Entry Two
Worksheet - 240 B Corp Comp Closing Entry Two
Worksheet - 240 C Corp Comp Closing Entry Two
240 Corporation Comp. Prob. Closing Entry Two
PDF - 250 Corp Comp Closing Entry Three
Worksheet - 250 B Corp Comp Closing Entry Three
Worksheet - 250 C Corp Comp Closing Entry Three
250 Corporation Comp. Prob. Closing Entry Three
PDF - 260 Corp Comp Closing Entry Four
Worksheet - 260 B Corp Comp Closing Entry Four
Worksheet - 260 C Corp Comp Closing Entry Four
260 Corporation Comp. Prob. Closing Entry Four
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Robert (Bob) Steele
CPA, CGMA, M.S. Tax, CPI
Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.
Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).
Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.
In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible.
Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.
Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.
Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.
Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.
The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.
"Comprehensive PDF (Written) Corporation Accounting Problem"
$27.81
Lifetime enrollment
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