ACCT $2211$ Intermediate Accounting II: Winter $2024$ Assignment

THE COMPANY:

Aylmer Industries Inc. $($Aylmer$)$ has been in business since $2021.$ Aylmer has two main business segments. This first segment is the construction of large$-$scale projects. In $2023,$ Aylmer had two large construction projects in process. The other segment is the purchase and sale of small machines needed for the construction industry.

There are $250,000$ common shares outstanding of this publicly traded company. Since Aylmer is a publicly traded company, it follows IFRS.

There are no preferred shares outstanding.

The trial balance at December $31,2023$ and December $31,2022$ are provided for comparison purposes on the tab $$Trial Balance$$ in the excel file. Use this excel worksheet to post journal entries required, to ensure that you remain in balance. The worksheet should also be used to provide a basis of preparing the financial statements at December $31,2023.$

Ignore income taxes for this project.