After a year of operations, the new manager of a tennis pro shop and bar lounge must prepare, keep using the company’s accountant, financial statements notes during the year. The case is supposed to be an introductory exercise in accounting for simple transactions in relation to assets, liabilities, income and expenses. Adjusting entries such as depreciation and cost of goods sold are required. Students are asked to complete the accounting cycle by preparing closing entries … Read more »

After a year of operations, the new manager of a tennis pro shop and bar lounge must prepare, keep using the company’s accountant, financial statements notes during the year. The case is supposed to be an introductory exercise in accounting for simple transactions in relation to assets, liabilities, income and expenses. Adjusting entries such as depreciation and cost of goods sold are required. The students are asked to complete the accounting cycle by preparing closing entries and a profit and loss account and the balance sheet.
This is part of the subset of Ivey cases and technical notes for introductory-level courses written.
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from
Richard H. mimick,
Elizabeth M.A. Grasby,
Lindsay Brock
Source: Ivey Publishing
3 pages.
Release Date: 2 June 2009. Prod #: 909B08-PDF-ENG
Forest City Tennis Club – Pro Shop and Bar Lounge HBR case solution