Follow all Instructions $\backslash$& Requirements carefully $-$ Points off for each one not strictly followed:

Project Year $2$ Steps:

Do Steps below on this Year $2$ tab $($apply GAAP to Year $2$ events after considering everything in Yeat $1$ tab$)\backslash$& keep these Steps in Year $2$ tab in a format similar to Year $1\text{'}$s$.$ Do not remove the $3$ current tabs $\backslash$& do not create any new ones.

Project Tip: Use the CGS $\backslash$& EI tab to keep track of changes in inventory units $\backslash$& LIFO perpetual accounts.

To Start: Study Year $1\backslash$& copy Journal, GL $\backslash$& $10-$column to Year $2,$ then delete any Year $1$ info n$/$a to Year $2.$

Input beginning GL real account balances $($from Yr $1$ ATB$-$BS $\backslash$& add RE$)\backslash$& make sure TB $($on $10-$Column$)$ balances.

Make sure that each GL end acct balance "flows" to TB by copying GL cell info to appropriate iTB account.

Use Excel properly: Copy amount from cell to cell or from Year $1$ to Year $2($never type same amount twice$).$

For any calculation show it in a cell's formula using copied cell$($s$)$ whenever possible $($see Year $\backslash (\backslash$frac$\{1\}\{\backslash$mid$\}\backslash )$ cell formulas$).$

Steps $1$ thru $5$ in Year $2$ tab:

$1.$ Record JEs by Date with Ref. $\backslash$# $\backslash$& Explanation $($as in Yr $1)$; abbreviate each Acet Type $\backslash$& round all to nearest dollar.

Note: Record only JEs in Journal; all AJEs will be shown $\backslash$& calculations described on $10-$column Worksheet.

$2.$ Post JE info to GL accounts $($with Type $\backslash$& in FS order: A$,$ L$,$ SE$,$ R$,$ E$,$ D$)\backslash$& use JE Ref. $\backslash$# for each amount posted.

Tip: Post each JE after recording it $\backslash$& check that TB balances $($make sure each GL end acct balance "flows" to TB$).$

$3.$ Complete $10-$column Worksheet $($see Video in Project Module$),$ including all $\backslash (12/31\backslash )$ AJEs, with cross$-$referenced dr$\text{'}$s $\backslash$& cr$\text{'}$s $\backslash$& footnoted explanation $\backslash$& calculation below. Abbreviate account type for each new account in TB$.$

$4.$ Prepare FS$\text{'}$s $\backslash$& FS Notes revising any relevant Kellogg's Note language for Fox $($most Kellogg's Notes will not apply.$)$ Prepare SCFs$-$Direct Method $($up to $5$ Points EC$)$ for complete Operating Section$-$Indirect Method in FS Notes.

$5.$ Prepare $12/31$ closing entry $($prepare only the single entry version in Year $1,$ not the $3-$entry version in Year $1).$

Make it all "Boss Friendly": Each print preview screen easily readable, with complete Headings for each Step.

$($Note how each print preview screen for Year $1$ is easily readable with Headings for each Accounting Cycle Step$)$

Check Common Student Errors at Project beginning $\backslash$& end $\backslash$& all Members should agree on submilting Project.

Each Group must do all Project Steps without help from any other student$($s$)$ in other Group, or from TA's, however if you get stuck, email $($copying all Group Members$)$ a conceptual Question $($along with your proposed Answer$)$ to marcocpa@temple.edu, entitling Email Subject Box $"3512$ Conceptual Project Q $\backslash$& Proposed A$".$

$($Note: Conceptual Q$\text{'}$s gencrally do not require amounts $\backslash$& never email entries or any part of your Year $2$ Solutions.$)$ Warning: Collusion with any Students outside your Group results in course failure for all Studenth involved. $61$ Fox events for Year $2,2025$: $($Keep Yr $2$ Instructions $\backslash$& Events at top of this Tab, $\backslash$& do not remove the $3$

original Tabs. See Additional Instructions below $\backslash$& Common Student Errors before preparing Year $2$ entries$).$