1. You are the accountant for Fast Track Tutoring Service
Fast Track Tutoring Service is owned and operated by Jennifer Rachael. Fast Track Tutoring Service provides tutoring for students of all levels.
Fast Track Tutoring Service earns revenue from fees charged for private instruction as well as group instruction.

3. Your job responsibilities are
Open a General Ledger account for each account.
Using the source documents provided, enter each transaction in the General Journal, starting on page 1.
After the General journal is complete, post each entry in the General Ledger.
Reconcile the bank statement dated December 30. the checkbook has a current balance of $9,631. the bank statement shows a balance of $9,844. The bank service charge is $15. These checks are outstanding: check 108 $183 and check 109 $45. There are no outstanding deposits.
Make necessary adjustments to the checkbook balance.
Journalize and post the entry for the bank service charge.
Prepare 6 column work sheet.
Prepare and Income Statement, a Statement of Changes in Owner’s Equity, and a Balance sheet.
Journalize and post the closing entries.
Prepare a Post-Closing Trial Balance.

4. This is not a group project
This is not a group project. You are expected to work on your own each day in class.
If you have any pages from a project other than your own on your desk at any time, you and that person will each have 5 points deducted from that day’s class work grade.
You will work on the project in class only. It will be collected at the end of every period, and you will be given a class work grade every day.
You will be told at the end of every period what was expected to be finished by that day, and what you are being graded on for that day.

5. Final project grades will be as follows:
You will also receive a grade for the entire completed project when the project is complete.
Daily class work grades will be kept, but you can make up for bad daily grades by completing the project correctly and getting a good grade for the entire project at the end.
Final project grades will be as follows:
Project Total = 625 Points