Accounting

Irene Pypypiv has been working as a dishwasher at a bakery, while attending pastry arts school. As a graduation present, Irene’s parents give her a graduation present of $40,000, which matches the $40,000 Irene has saved on her own.
The following actions were taken by Irene, after graduation.
By following the steps in the ‘Accounting Cycle’ (see document and/or slides, with details) record the transactions, in the accounting records of her company.
1. Analyze each of the transaction.
2. Journalize the transactions.
3. Post them to the general ledger.
4. Summarize the transactions, and the general ledger in a Trial Balance.
DATE Description
July 1 Irene deposits her parent’s gift of $40,000 into her personal bank account.
1 She opens a new bank account in the name of Sweetheart bakery, and deposits $60,000.
1 She pays $12,000 for year’s rent, in advance for a small bakery in a mall.
5 After painting and cleaning the bakery, Irene purchases new equipment, for $20,000 paying $3,000 in cash. Irene expects that the equipment will last 3 years, and can be sold for $2,000 at the end of three years.
6 Baking supplies, worth $2,100 including canned and dried goods are delivered, from Goody Grocers. Irene pays cash for the current delivery and arranges for weekly deliveries with payments due monthly on the first of the month following the delivery.
7 Purchased $800 worth of business cards and flyers from the local printer to be distributed, as needed.
8 Purchased fresh fruits, from local grocery for cash $50.
9 Bakery/Café grand opening with beverage sales of $300 and food sales of $450. All sales are in cash.
10 Purchased more fresh fruits from local shops for $70. Sales for the day are $200 of beverage sales and $180 of food sales. All sales are in cash.
12 Placed an ad in local paper for an employee, for $130.
13 Received delivery of baking supplies, from Goody Grocers, worth $350.
14 Interviewed and hired a full time baker/cashier café assistant, to start work on Jan 20.
19 Record food sales of $1,200 and beverage sales of $1,800 for the week of Jan 12-16. All sales in cash.
20 Your new employee begins work.
26 Received delivery of baking supplies, from Goody Grocers, worth $475.
26 Record food sales of $2,200 and beverage sales of $1,600 for the week of Jan 19-24. All sales in cash.
30 Irene withdrew $2,000 for personal use.
30 Paid employee for the month of July $350.
30 Received hydro bill for the month of July to be paid by February 10, $185.
5. The accounts must be adjusted for the end of the month, before preparing the financial statements. On reviewing the accounts, Irene realizes the following adjustments must be made:
a. The rent for July has expired. According to the ‘Matching Principle’ the rent for July must be expensed.
b. The baking supplies inventory, when counted has only $830 left.
c. The depreciation for the equipment must be recorded for the month of July.
6. Prepare a worksheet for the month of July, including the trial balance, the adjustments, the adjusted trial balance, income statement, and balance sheet columns.
7. Prepare the income statement and balance sheet, in proper form.
8. Prepare a classified balance sheet
9. Calculate the company’s working capital, current ratio, and acid-test ratio.
10. Prepare closing entries.
11. Prepare a post-closing trial balance.

:Accounting
Topic: Effect of credit rating changes on stock prices

Paper details:

Dear Sir or Madame, what I need: – methodology/data and conclusion part – Implementing an event study and multiple regression analyses – Dependent variable might be the Cumulative average abnormal return or something else that the writer may propose – independent variable: for some regressions should be company characteristics and other regression corporate governance characteristics such as shareholder rights, CEO duality etc. (also depends on what the writer thinks might be reasonable) requirements for the writer: – should have SPSS or STATA – if the writer has access to the WRDS database or worked with that database (would be helpful but is not necessarily required, otherwise I can offer him/her the access) – should have deep statistical knowledge, should have worked with event studies and have finance knowledge – should have an idea how to realize the regression analysis – needs to know how to calculate the Cumulative average abnormal return or at least how to get all required information from the WRDS database. (otherwise I can offer to download the stock prices and index prices so that the writer calculates it by him/herself.) what I can offer: – I can offer two excel sheet with the even date, which includes the exact date when a credit rating change (one sheet includes rating upgrade and the other one rating downgrade) took place for US stocks over the last 10 years (about 400 observations each sheet) I dont need explanation of any kind definition such as methodology or what ever. The writer should start right away with analyzing the data, regression analysis he/she implemented. Thank you

:Accounting
Topic: Effect of credit rating changes on stock prices

Paper details:

Dear Sir or Madame, what I need: – methodology/data and conclusion part – Implementing an event study and multiple regression analyses – Dependent variable might be the Cumulative average abnormal return or something else that the writer may propose – independent variable: for some regressions should be company characteristics and other regression corporate governance characteristics such as shareholder rights, CEO duality etc. (also depends on what the writer thinks might be reasonable) requirements for the writer: – should have SPSS or STATA – if the writer has access to the WRDS database or worked with that database (would be helpful but is not necessarily required, otherwise I can offer him/her the access) – should have deep statistical knowledge, should have worked with event studies and have finance knowledge – should have an idea how to realize the regression analysis – needs to know how to calculate the Cumulative average abnormal return or at least how to get all required information from the WRDS database. (otherwise I can offer to download the stock prices and index prices so that the writer calculates it by him/herself.) what I can offer: – I can offer two excel sheet with the even date, which includes the exact date when a credit rating change (one sheet includes rating upgrade and the other one rating downgrade) took place for US stocks over the last 10 years (about 400 observations each sheet) I dont need explanation of any kind definition such as methodology or what ever. The writer should start right away with analyzing the data, regression analysis he/she implemented. Thank you