Course
ACCT 212 Financial Accounting
Week 4 Course Project Milestone 1 Project Requirement 1-3: Peter s Pool Corporation
Course Project Overview
The Course Project consists of 10 Requirements for you to complete. Part 1 of the Course Project is due at the end of Week 4 and Part 2 at the end of Week 6. See the Syllabus section ”Due Dates for Assignments & Exams” for due date information. All of the information you need to complete the Course Project is … in this Workbook.
- There are eight worksheets in the workbook you will need to complete.
- A list of July transactions
- A Chart of Accounts reference sheet
- A Grading Rubric to help explain what is …
- Each worksheet has the Check Figures … as a comment.
Scenario
You’ve just secured a new client in your accounting practice, Peter’s Pool Corporation (PPC), a brand new small business specializing in pool service. The owner, Peter Peck, is a terrific swimmer and pool repair specialist, but definitely not an accountant. Your job is to help Peter put his affairs in order. Luckily, Peter has only been in operation for a month and things have not gotten too out of hand yet! Peter has to submit his financial statements to his investors and doesn’t know where to begin. It’s your job to go through the complete Accounting cycle to prepare the financial statements for the PPC.
Requirements
| Requirement | Requirement Description | Worksheet Name |
| 1 | Prepare the Journal Entries in the General Journal | 1 – Journal Entries |
| 2 | Post Journal Entries to the General Ledger | 2 – General Ledger |
| 3 | Prepare a Trial Balance | 3 – Trial Balance |
SOLUTION
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