395 – IMK
PROJECT 3: EVANSTON COMPUTER CLUB
In Project 3, your students complete the computer accounting cycle for
Evanston Computer Club which is located in Evanston, Illinois. Evanston
Computer Club is a computer club that is a nonprofit business organized
as a corporation.
Because Evanston Computer Club is a nonprofit business, there are some
differences in the Chart of Accounts and some of its transactions. For
example, revenues are derived from membership fees and seminars.
Club members can also contribute computers to local schools.
The club sponsors a trip to the Consumer Electronics Show (CES) trade
show in Las Vegas, Nevada. The trip involves expenses for bus rental,
motel rooms, meals, and entrance fees to the trade show. Since so many
club members attend the Consumer Electronics Show, a special rate is
At the end of this project there is a Checklist of printed reports that you
may want your students to turn in.
Checklist of Printouts, Project 3: Evanston Computer Club
1
Chart of Accounts
2
December 31, 2018 Starting Balance Sheet
3
Account Reconciliation
4
Account Register – State Street Bank
5
Cash Disbursements Journal
6
Cash Receipts Journal
7
General Journal
8
General Ledger Trial Balance
9
General Ledger
10
Balance Sheet
11
Income Statement
12
Statement of Cash Flow
13
Statement of Retained Earnings
396 – IMK Project 3: Evanston Computer Club
CHECK YOUR PROGRESS: PROJECT 3, Evanston Computer Club
1. What are the total debit and credit balances on the
general ledger trial balance? $33,400.00
5. How much is the net income (net loss) on January 31? $230.32
6. What is the account balance in the Membership
Contributions account on January 31? $250.00
8. What is the ending retained earnings amount on
January 31, 2019? $29,730.32
Project 3: Evanston Computer Club 397 – IMK
Solution to Project 3 (1) – Chart of Accounts
398 – IMK Project 3: Evanston Computer Club
Solution to Project 3 (2) – Starting Balance Sheet, December 31, 2018
Project 3: Evanston Computer Club 399 – IMK
Solution to Project 3 (3) – Account Reconciliation Report
400 – IMK Project 3: Evanston Computer Club
Solution to Project 3 (4) – Account Register
Project 3: Evanston Computer Club 401 – IMK
Solution to Project 3 (5) – Cash Disbursements Journal
402 – IMK Project 3: Evanston Computer Club
Solution to Project 3 (6) – Cash Receipts Journal
Solution to Project 3 (7) – General Journal
Project 3: Evanston Computer Club 403 – IMK
Solution to Project 3 (8) – General Ledger Trial Balance
404 – IMK Project 3: Evanston Computer Club
Solution to Project 3 (9) – General Ledger
Project 3: Evanston Computer Club 405 – IMK
Solution to Project 3 (9) – General Ledger
406 – IMK Project 3: Evanston Computer Club
Solution to Project 3 (10) – Balance Sheet
Project 3: Evanston Computer Club 407 – IMK
Solution to Project 3 (11) – Income Statement
408 – IMK Project 3: Evanston Computer Club
Solution to Project 3 (12) – Statement of Cash Flow
Project 3: Evanston Computer Club 409 – IMK
Solution to Project 3 (13) – Statement of Retained Earnings
SOLUTION FILES
The solution files, in .ptb, .pdf, and .xlsx formats, are included on the
Online Learning Center, www.mhhe.com/yacht2019 > Instructor Edition.
For access to the password-protected Instruction Edition website, contact
your McGraw-Hill sales representative at
https://shop.mheducation.com/store/paris/user/findltr.html.
The chart below shows the size of Project 3’s solution files (Sage 50
backups, Excel reports and Adobe PDF exercise files). The Instructor
Edition’s PDF Reports link includes additional reports.
Project
Kilobytes
Page No.
Project 3
932 KB
680
934 KB
681
960 KB
683
38 KB
683
11 KB
683
13 KB
683
11 KB
683
12 KB
683
10 KB
683
11 KB
683
10 KB
683
13 KB
683