Acct202 Accounting Simulation Project
AC Speed Company
Company Background Scenario
The AC Speed Company is a well-established, publicly-held corporation, operating as a wholesaler in the auto parts industry. Specifically, AC Speed purchases auto parts from manufacturers and sells them to large business customers. Most purchases and sales are on account, with trade credit terms (specified below). You’re a Davenport University student pursuing a bachelor’s degree in business and employed at the AC Speed Company this semester as an intern. You’ve worked in various departments and on several projects so far, learning a lot about the company’s business operations. Management seems impressed with your enthusiasm and the quality of your work. The company’s accountant has just been called away for a family emergency and will likely be absent for a month or so. The General Manager asks you to take over the accountant’s regular duties on an interim basis. You’re nervous about doing so, but are confident that what you’ve learned in accounting class, plus your personal problem-solving skills, will make this a successful experience. What a great learning opportunity, not to mention an enhancement to your resume!
Project Overview & Instructions
A. Overview
B. General Instructions
C. Submission Requirements
E. Financial Accounting Steps
D. Credit Terms & Inventory Accounting
F. Part 2 of this project requires you to analyze the company’s year-end financial statements to assist the management of AC Speed in assessing the company’s financial position and making decisions about its future direction.
Tutorial: Acct202 Simulation: AC Speed Company
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Can you kindly provide maybe the first and last transactions for this solution? I have found a few solutions for sale but the transactions are way off and don’t really help me. I purchased one but the transactions are not the same. If I can be sure the transactions match I will pay more that asking price.
ReplyDeletehi there, do u have the answers to this AC Speed Company. If so please contact me at easy1.here a t g ma il . Thanks
DeleteHi. Yes, this is the tutorial for AC Speed Company, worksheet along with the business memo as of September 2011. As long as the requirements for your project (amounts and other data) have not been changed, you should have the same requirements. Please follow the link to purchase this tutorial (this is in zip file). Unfortunately, the lowest I can go for this tutorial is $100 as this is a very detailed project and has already been rated A+.
DeleteHi!
ReplyDeleteThe first transaction for this project is June 1. Sold 2,000 DVD players on credit to Ford Motor Co. for $85.00 per unit, Invoice 555.
The last transaction is June 30 Paid the first month's principal payment of $10,000 on the note payable, plus one month's interest, Check $5293.
If this is not what you need, you can send me the details and I can help you out with it. This was the version of the project for early this year, there might have been changes since then. Let's discuss the arrangements to be made if you want my help