1-Evaluate the accuracy of the Unadjusted Trial Balance.

2-Make corrections if necessary.
Complete the adjusted trial balance of this worksheet (assuming all adjusting entries are correct).

3-Use your completed worksheet to prepare (a) an Income Statement, (b) a Classified Balance Sheet as of November 30, 2018.

4-Prepare a set of common-sized financial statements for the three statements listed above

5-After analyzing the statements above, prepare a memo to explain how Ruiz can improve the efficiency in completing the monthly task(s) of preparing financial statements. Specifically, discuss either what you could have done or what the business could have done to improve the efficiency of the monthly process of preparing financial statements. Make any assumptions to support your answer. However, try to limit your recommendations to less than 150 words

6-In a separate document, present Ruiz with the bill for your services using your hourly rate. For example, if your hourly rate is $9.50 per hour and it took you 7 hours to complete all steps, your bill to Ruiz would be $66.50.

Sample Solution

This question has been answered.

Get Answer