This is the mail sent to us by university coordinator to correct some mistakes in the assignment questions , read it Please find below some clarifications and TYPO errors that we have noticed in the assessment document. Problem 1 – Income Statement: Requirement 1: last sentence, “Include percentages for each line item” based on gross sales. Problem 2 – Depreciation: the 2012 Nissan delivery van – depreciation “RL” should be “RB” reducing balance. Problem 3 – Bank Reconciliation: In the “bank statement” under cheques section, 3 cheques numbered 6205 dated 06-Aug-14, 07-Aug-14 & 08-Aug-14. The cheques should be: cheque 6203 320.00 cheque 6204 185.00 cheque 6205 4,200.00 Problem 4 – Payroll: (the first two lines of the problem) Wang Enterprises Ltd Current 2 week should be for the year ending 20 June 2013. This should of 20 June “2014”. Let us know if you find any other errors that may affect how questions are answered.There are five problems for you to complete for this assessment. Problem 1 – Income statement 4 marks 16% Problem 2 – Depreciation 7 marks 28% Problem 3 – Bank Reconciliation 4 marks 16% Problem 4 – Payroll 4 marks 16% Problem 5 – Loan Amortisation Schedule 6 marks 24% 25 marks 100% Prepare your calculations in worksheet formats. You will need to create several worksheet formats. If you create your worksheets in excel, please copy and paste them into MSWord. Points are given for the quality of your calculation formats even if your final calculations are not correct. Once you have completed the assignment, it needs to be lodged through Safe Assign in the Assessments section of Learnline with an appropriate CDU cover sheet. Your assessments must be lodged using MSWord. PDF, Excel or paper copies will not be accepted. Required: 1 Attach (copy) a CDU cover page at the beginning of your assignment. 2 Make sure your entire assignment can be readily printed on A-4 Paper in portrait (preferred) or landscape format with appropriate page breaks. Do not have a portion of a “wide” worksheet expand beyond 1 page. 3 Make sure your name and student number are on every page of your submission. Suggestions: 1 Prepare your worksheets in Excel. Excel may aid you in your calculations. 2 Copy your worksheets and schedules and paste them into MSWord. Ethics: This is not a group assignment; it is an individual assessment. Your solutions will likely be different from other students. If portions of your assignment are copied or very close to copying, all parties will be penalised for copying. Copying would be considered plagiarism and CDU has strict policies. It is up to you to keep your assessment confidential. This is a comprehensive assignment and we do not expect you to get everything correct. It is an assignment to help you apply what you have learned and we expect you to learn while you prepare this assignment. Most of these types of problems you will likely utilise regularly in your future work place. Work, learn and enjoy the challenge.SS 2014-15 PRBA001 Accounting Principles Assessment 2 Page 2 of 8 Problem 1: Income Statement The financial controller for Red Rider Sports Ltd was stranded in the Philippines because of a recent typhoon. Their new financial accountant had to prepare financial statements for the fiscal year ending 30 June 2014 for management. Below is a “draft” of the income statement prepared by the financial accountant.