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Mt. Nebo Pumpkins

Mt. Nebo Pumpkins

Mt. Nebo Pumpkins, is a sole propriety business. The business rents two acres of land to grow pumpkins for sale to stores on the Wasatch Front and runs U-Pick sales to other customers. The business uses a general journal and a general ledger. Source documents include: memos, checks, receipts, adding machine tape, sales invoices, petty cash vouchers, equipment asset records, a deprecation schedule, bank statement, etc. Other forms used by the business include: bank reconciliation, 8 column worksheet, balance sheet form, income statement form, yearly task planner, etc. Students organize, use and complete the documents provided to complete the accounting cycle for the business. Insturctions for using the simulation with Peachtree are also included.
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