IF I did not tell you in your part 1 feedback that you can use you part 1 submission for part 2 you must use the attached part 1 solution for part 2. It is the same template I might have attached to your part 1 feedback.
Complete requirements 4 through 10 of the Jane’s Skateboards for the second milestone of the course project.
In some cases, you will need to review the original entry from part 1 to complete the adjusting entry. Use the videos as examples but the amounts and length of prepayment may be different.
Note: the post ref for adjusting entries will not be JE# they will be AE#. The post ref for closing entries will be CE#
Use of the General Ledger is required in part 2. You may complete the T-Accounts if it helps you BUT you Must complete the General Ledger.
You may use the file you completed in milestone Part 1 only if you received a 100%, used the general ledger in part 1 and have permission from the instructor. If you had anything but a 100% or did not use the general ledger, I will attach a new template to the feedback in part 1.
Again, DO NOT change the Excel template format, drop-down menus, or formulas that are already in the template. Do not delete any tabs before you submit your assignment. Be careful if you paste anything to the General ledger. There are formulas in the balance column and drop-down choices in the account number and Ref column.DO NOT change the Excel template drop-down menus or formulas that are already in the template. Do not delete any of the tabs. Do not convert the Excel file to an Apple numbers file.
Your homework exercises/problems will be evaluated according to the following Homework Problems Grading:
**NOTE: Please make sure you verify the number of tabs in the Excel template so you do not miss any requirements.