ACC3300 Intermediate Accounting I

Practice Assessment

Spring 2017

Please use the following adjusted Trial Balance for Great Adventures, Inc. to complete this assignment. Assume that Great Adventures, Inc. began its operations on January 1, 2017. There were no identifiable transactions in 20016.

You are asked to prepare the following statements:

Income Statement for the year ending December 31, 2017

Statement of Retained Earnings for the year ending December 31, 2017

Statement of Stockholders Equity for the year ending December 31, 2017

Balance Sheet at December 31, 2017

Statement of Cash Flows for the year ending December 31, 2017

Please prepare each statement on a separate tab in an Excel spreadsheet workbook.

The Adjusted Trial Balance that needs to be used is attached.

ACC3300 - Intermediate Accounting I Practice Assessment Spring 2017 Please use the following adjusted Trial Balance for Great Adventures, Inc. to complete this assignment. Assume that Great Adventures, Inc. began its operations on January 1, 2017. There were no identifiable transactions in 20016. You are asked to prepare the following statements: Income Statement for the year ending December 31, 2017 Statement of Retained Earnings for the year ending December 31, 2017 Statement of Stockholders Equity for the year ending December 31, 2017 Balance Sheet at December 31, 2017 Statement of Cash Flows for the year ending December 31, 2017 Please prepare each statement on a separate tab in an Excel spreadsheet workbook. Please name the workbook beginning with your last name then first initial followed by Practice Assessment ACC3300Spring 2017 (as an example, I would name my file submission as JacksonT Practice Assessment ACC3300 Spring 2017). This assignment is to be submitted using Blackboard on or before May 4, 2017. Thank you for your attention to this assignment. Note that it is to be submitted using Blackboard on or before May 4, 2017. Please let me know if you have questions, need additional information or explanation, or would like to discuss the assignment further. Thomas A. Jackson, CPA Lecturer - Accounting Davies College of Business University of Houston - Downtown