$90.00 1000 words excell speadsheet Need ASAP Due 31 Oct part 2
Due October 31, 2011
Word document of 1,000 words, and embedded Excel
Develop a corporation chart of accounts, taking into
consideration the following:
Capital structure (debt and or equity)
Employees with associated payroll accounts
Tangible plant assets with associated depreciation accounts
There should be a minimum of 4 employees and at least 3
tangible assets. The corporation is a merchandising operation, so you will need
to consider the necessary accounts.
Develop the first month’s transactions. Prepare the first
month’s journal entries based on your chart of accounts. You will need to
determine and explain your choice of depreciation method, choice of debt
structure, and consider the rates of pay for the employees.
In your narrative, discuss how ethics is related to a
company having a chart of accounts. What kinds of internal controls might be
helpful in your particular company? List a minimum of 3 internal controls.
Consider the cash flow statement areas of operating, investing,
and financing. Given your company type and the debt make-up, discuss the
importance of the cash flow statement. What section of the cash flow statement
is the most important? Why?
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