University of Waterloo Rocky Mountain Chocolate Factory Inc Accounting Project

Account Description JE #1 JE #2 JE #3 JE #4 JE #5 JE #6 JE #7 JE #8 JE #9 JE #10 JE #11 DEBIT CREDIT Financial Statement Item Cash and cash equivalents Accounts receivable Notes receivable,current Inventories Deferred income taxes Other Property and Equipment,Net Notes receivable,less current portion Goodwill,net Intangible assets,net Other Accounts payable Accrued salaries and wages Other accrued expenses Dividend payable Deferred income Deferred Income Taxes Common stock Additional paid-in capital Retained earnings Sales Franchise and royalty fees Cost of sales Franchise costs Sales & marketing Generaland administrative Retail operating Depreciation and amortization Interest income Income Tax Expense 2/28/09 J/E J/E J/E J/E J/E J/E J/E J/E J/E J/E J/E Actual Beginning F/S Balances #1 #2 #3 #4 #5 #6 #7 #8 #9 #10 #11 1,253,947 4,229,733 4,064,611 369,197 224,378 5,253,598 124,452 1,046,944 183,135 91,057 1,074,643 423,789 531,941 598,986 142,000 827,700 179,696 7,311,280 5,751,017 – – – – – – – – – – – Unadjusted Trial Balance – 1,253,947 4,229,733 4,064,611 369,197 224,378 5,253,598 124,452 1,046,944 183,135 91,057 1,074,643 423,789 531,941 598,986 142,000 827,700 179,696 7,311,280 5,751,017 – Account Description JE #12 JE #13 JE #14 JE #15 JE #16 DEBIT CREDIT J/E Financial Statement Item Cash and cash equivalents Accounts receivable Notes receivable,current Inventories Deferred income taxes Other Property and Equipment,Net Notes receivable,less current portion Goodwill,net Intangible assets,net Other Accounts payable Accrued salaries and wages Other accrued expenses Dividend payable Deferred income Deferred Income Taxes Common stock Additional paid-in capital Retained earnings Sales Franchise and royalty fees Cost of sales Franchise costs Sales & marketing Generaland administrative Retail operating Depreciation and amortization Interest income Income Tax Expense Unadjusted Trial Balance 1,253,947 4,229,733 4,064,611 369,197 224,378 5,253,598 124,452 1,046,944 183,135 91,057 1,074,643 423,789 531,941 598,986 142,000 827,700 179,696 7,311,280 5,751,017 – J/E #12 J/E #13 – #14 – – J/E J/E 2/28/10 #15 #16 (Closing Entry) Actual Ending F/S Balances – 1,253,947 4,229,733 4,064,611 369,197 224,378 5,253,598 124,452 1,046,944 183,135 91,057 1,074,643 423,789 531,941 598,986 142,000 827,700 179,696 7,311,280 5,751,017 – – Rocky Mountain Chocolate Factory, Inc. Income statement for the year ended February 28, 2010 Total revenues Operating income Net income Rocky Mountain Chocolate Factory, Inc. Balance sheet at February 28, 2010 Assets Total assets Liabilities and stockholders’ equity Total liabilities and stockholders’ equity …