Assignment 1
Lecturer's official Excel solution (Moodle). Note: it leaves the $25,000 insurance premium fully prepaid and books no insurance expense, so its net loss is $(209,750) and total assets $4,432,750. The brief states a one-year policy paid 30 Jun, so 6 months ($12,500) is consumed by year-end — the worked solution below amortises it. Flagged with the lecturer.
- #accounting
- #problem-set
- #journal-entries
- #double-entry
- #balance-sheet
- #income-statement
- #cap-table
- #safe
- #accrual-accounting
Toolkit
Terms
- setup
Record all 2025 events for ABC Inc. using double-entry, then prepare a Balance Sheet, an Income Statement and a cap table.
- 1
The Foundations Being Tested
- 2
The Headline Journal Entries
- 3
Part (b) — Balance Sheet at 31 Dec 2025
- 4
Part (c) — Income Statement (Year Ended 31 Dec 2025)
- 5
Part (d) — Capitalization Table
Sources
- Our worked solution:
Problem Sets/Assignment 1/Assignment1_Complete.xlsx(Excel submission),Assignment1_Guidebook.docx(entry-by-entry reasoning),Assignment1_Statements_Guidebook.docx(statements & cap table)
Related Notes
- Accounting — subject hub
- Session 2 - Accounting Fundamentals — double-entry, accruals, depreciation, prepaid
- Session 3 - Raising Debt and Capital — SAFE, bullet loans, priced rounds
- Session 9 - Recap — Exercise 5 reuses this exact cap-table scenario
- Assignment 3 - CoreWeave Ratios & SababaSnacks DCF — builds a DCF on top of this same ABC Inc.