case memo assignment

I need an explanation for this Accounting question to help me study.

Instructions:

Prepare a memo addressing the issues presented in the case.The format of your memo should be structured as follows:

1.Identification of your role and the key objectives as identified by the person requesting the memo.

• Analysis of the purchase of the new plane.
  • Journal entry for the initial purchase of the plane on January 1^st
  • Journal entry to record the first year of depreciation of the plane.
• Analysis of each of the financing alternatives.
  • Long-term loan
    • Pros, cons (brief)
    • Journal entry for receipt of the loan on January 1^st
    • Journal entry for December 31^st
  • Issue bonds
    • Pros, cons (brief)
    • Journal entry for the issue of the bonds on January 1^st
    • Journal entries for the first two interest payments
  • Issue common shares
    • Pros, cons (brief)
    • Journal entry for the issuance of the common shares on January 1^st
    • Journal entry for the dividend declaration, assuming that it does, in fact, get declared.

4.Conclusion – Provide a recommendation based on your analysis and the key objectives identified by the person requesting your advice.

Notes:

• Be sure to include any calculations used to determine the journal entries (ie. show your work).
• Your memo is not to exceed three pages, including journal entries and calculations.Anything beyond three pages will not be reviewed/marked.
• Written text is to be single-space, Arial or Times New Roman font, 12-point.