ABCDEFGHIJKLMNOPQRSTUVWXYZ
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AppleMercury 7541 - General Checking
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ABC LLC is a fully owned subsidiary of XYZ Holding
DateNameTypeStatusCurrencyGrossNotes
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Most transactions go through ABC's Banks
11/1/202099designs Pty LtdPaymentCompletedUSD 299.00 Project Contractor
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In November, XYZ bought a new business - JKL LLC
11/1/2020Customer LtdIncomeCompletedUSD 20,000.00 Collection of sale for 1-year subscription, starting November
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In the same month, XYZ bought interest/investments in various joint ventures
11/1/2020Neptun LLCPaymentCompletedUSD 6,000.00 Fixed asset with a 3 year estimated useful life. Date put in use same as purchase date (1 Nov)
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All reporting is done in USD ($)
11/9/2020Strive Value CorpPaymentCompletedUSD 750.00 Project Contractor
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11/14/2020Cendant LimitedPaymentCompletedEUR 600.00 Consulting - 1 USD to EUR = 0.8449
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Assignments
11/15/2020
GROPPER PROFESSIONAL CORPORATION
PaymentCompletedUSD 45,000.00 To acquire JKL LLC of which 20,000 relate to inventories to be used in JKL's operations
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1.Record the bank transactions and provide short explanations on the entries made
11/15/2020
GROPPER PROFESSIONAL CORPORATION
PaymentCompletedUSD 100.00 International wire charge
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2. Build an Income Statement after the bank transactions
11/16/2020Dreamscape, LLCPaymentCompletedUSD 299.00 Subscription
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3. Build the BS for ABC, JKL and XYZ after the transactions (Provide explanations on rationale behind the approach)
11/23/2020Optimal Health Strategies LLCPaymentCompletedUSD 1,181.00 Contractor Payment
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4. List down changes, improvements, new processes you would implement for this setup
11/23/2020
GROPPER PROFESSIONAL CORPORATION
PaymentCompletedUSD 290,000.00 Investment in Joint Venture 1 - 20% interest
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5. Record a short loom video (5 mins max) to explain your approach, your assumptions and your suggestions
11/23/2020
GROPPER PROFESSIONAL CORPORATION
PaymentCompletedUSD 120,000.00 Investment in Joint Venture 2 - 35% interest
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11/23/2020
GROPPER PROFESSIONAL CORPORATION
PaymentCompletedUSD 89,000.00 Investment in Joint Venture 3 - 10% interest
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11/25/2020DreamForge, LLCPaymentCompletedUSD 500.00 Subscription
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11/27/20202741 Southport LLCPaymentCompletedUSD 500.00 Legal Services
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11/30/2020OutreachMama LLCPaymentCompletedUSD 712.00 Marketing Agency
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