|
|
- Pamela Malone
- 6 years ago
- Views:
Transcription
1 HCS 380 Week 1 Individual Assignment Reference Chart Reference Chart Instructions: For more course tutorials visit Create a chart detailing the three different forms of business organizations (proprietorships, partnerships, and corporations). Also include key users of financial information and briefly explain their roles. Cite 3 peer-reviewed, scholarly, or similar references to support your paper. Click on the Assignment Files tab to submit your assignment. ============================================= HCS 380 Week 1 WileyPLUS (Ex 1-15, Ex Problem 1-3A, Ex 2-1, Ex 2-5, Problem 2-3A) For more course tutorials visit This Tutorial contains Excel Sheet which can be used to solve below mentioned Problem for any numbers/values
2 Complete the assigned exercises in WileyPLUS. Excel Exercise 1-15 Excel Problem 1-3A Exercise 2-1 Exercise 2-5 Problem 2-3A Problem 2-2A You should see the following assignments that are due for a grade: Chapter 1 - Excel assignment; Chapter 2 - Homework assignment wileyplus prepare excel sheet Chapter 2 Problems -- prepare excel sheet NOTE: Assignment must be completed by Due Date. E1-15 Classify items as assets, liabilities, and stockholders' equity, and prepare accounting equation Suppose the following items were taken from the balance sheet of Nike, Inc. (All items are in millions.) 1. Cash $2, Inventory $2, Accounts receivable 2, Income taxes payable Common stock 2, Equipment 1,957.7
3 4. Notes payable Retained earnings 5, Buildings 3, Accounts payable 2, Mortgage payable 1,311.5 Instructions (a) Classify each of these items as an asset, liability, or stockholders' equity and determine the total dollar amount for each classification. (b) Determine Nike's accounting equation by calculating the value of total assets, total liabilities, and total stockholders' equity. (c ) To what extent does Nike rely on debt versus equity financing? NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?" P1-3A Prepare an income statement, retained earnings statement and balance sheet; discuss results On June 1, Hightower Service Co. was started with an initial investment in the company of $22,100 cash. Here are the assets, liabilities, and common stock of the company at June 30, and the revenues and expenses for the month of June, its first month of operations:
4 Cash $4,600 Notes payable $12,000 Accounts receivable 4,000 Accounts payable 500 Service revenue 7,500 Supplies expense 1,000 Supplies 2,400 Maintenance and repairs expense 600 Advertising expense 400 Utilities expense 300 Equipment 26,000 Salaries and wages expense 1,400 Common Stock 22,100 In June, the company issued no additional stock but paid dividends of $1,400. Instructions (a) Prepare an income statement and retained earnings statement for the month of June and a balance sheet at June 30, (b) Briefly discuss whether the company's first month of operations was a success. (c ) Discuss the company's decision to distribute a dividend. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?".
5 Exercise 2-1 Classify each of the following financial statement items taken from Mordica Corporation s balance sheet. Accounts payable Accounts receivable Entry field with incorrect answer Accumulated depreciation equipment Buildings Cash Interest payable Goodwill Income taxes payable Inventory Land (in use) Mortgage payable Supplies Equipment Prepaid rent Stock investments (to be
6 Exercise 2-5 These items are taken from the financial statements of Donavan Co. at December 31, Buildings $121,035 Accounts receivable 14,414 Prepaid insurance 3,661 Cash
7 13,545 Equipment 94,266 Land 70,013 Insurance expense 892 Depreciation expense 6,063
8 Interest expense 2,974 Common stock 68,640 Retained earnings (January 1, 2014) 45,760 Accumulated depreciation buildings 52,166 Accounts payable
9 10,868 Notes payable 107,078 Accumulated depreciation equipment 21,416 Interest payable 4,118 Service revenue
10 16,817 Problem 2-3A You are provided with the following information for Ramirez Enterprises, effective as of its April 30, 2014, year-end. Accounts payable $ 868 Accounts receivable 918 Accumulated depreciation equipment 670 Cash
11 1,378 Common stock 1,224 Cost of goods sold 1,094 Depreciation expense 301 Dividends 359
12 Equipment 2,528 Income tax expense 199 Income taxes payable 169 Insurance expense 244 Interest expense
13 434 Inventory 1,075 Land 3,208 Mortgage payable 3,608 Notes payable
14 169 Prepaid insurance 94 Retained earnings (beginning) 1,600 Salaries and wages expense 666 Salaries and wages payable 256
15 Sales revenue 5,208 Stock investments (short-term) 1,274 Prepare an income statement for Ramirez Enterprises for the year ended April 30, Problem 2-2A These items are taken from the financial statements of Tresh Corporation for Retained earnings (beginning of year) $34,462 Utilities expense
16 2,128 Equipment 69,462 Accounts payable 23,048 Cash 12,343 Salaries and wages payable 4,884
17 Common stock 12,000 Dividends 12,000 Service revenue 71,415 Prepaid insurance 5,384 Maintenance and repairs expense
18 1,672 Depreciation expense 3,189 Accounts receivable 16,448 Insurance expense 2,611 Salaries and wages expense
19 40,415 Accumulated depreciation equipment 19,843 ============================================= HCS 380 Week 2 Team Assignment Financial Statement Components (2 PPT) For more course tutorials visit This Tutorial contains 2 PPT HCS 380 Week 2 Team Assignment Financial Statement Components Financial Statement Components Instructions: Your team has been asked by a local community college instructor to speak to a class about health care accounting. The instructor has asked you to prepare a 10-to 15- slide Microsoft PowerPoint presentation in which you do the following:
20 Describe the relationship between financial statements and the supplemental components comprised in an annual report. Explain how the accounting equation affects financial statement components. Determine the effects of transactions on the accounting equation. Include the following with your presentation: Detailed speaker notes Specific examples A 1-page handout to give to students Format your presentation according to APA guidelines. Cite 3 peer-reviewed, scholarly, or similar references to support your paper. Click on the Assignment Files tab to submit your assignment. ============================================= HCS 380 Week 2 WileyPLUS Excel Assignment (Ex 4-12, Ex 4-13, Ex 4-16, Ex P4-1A) For more course tutorials visit
21 Complete the assigned exercises in WileyPLUS. You should see the following assignments that are due for a grade: o Chapter 4 - Excel assignment NOTE: Assignment must be completed by Due Date. Automatic deduction of 50% of points if received after due date. No points awarded if completed after 4 days from Due Date. Excel Exercise 4-12 Excel Exercise 4-13 Excel Exercise 4-16 Excel Problem 4-1A E4-12 Prepare a correct income statement The income statement of Garska Co. for the month of July shows net income of $2,000 based on Service Revenue $5,500; Salaries and Wages $2,100; Supplies Expense $900;
22 and Utilities Expense $500. In reviewing the statement, you discover the following: 1. Insurance expired during July of $350 was omitted. 2. Supplies expense includes $200 of supplies that are still on hand at July Depreciation on equipment of $150 was omitted. 4. Accrued but unpaid wages at July 31 of $360 were not included, 5. Services performed but unrecorded totaled $700. Instructions Prepare a correct income statement for July NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". E4-13 Analyze adjusted data This is a partial adjusted trial balance of Barone Company BARONE COMPANY Adjusted Trial Balance January 31, 2014 Debit Credit Supplies $700
23 Prepaid Insurance 1,560 Salaries and Wages Payable $1,060 Unearned Service Revenue 750 Supplies Expense 950 Insurance Expense 520 Salaries and Wages Expense 1,800 Service Revenue 4,000 Instructions Answer these questions, assuming the year begins January 1. (a) If the amount in Supplies Expense is the January 31 adjusting entry, and $300 of supplies was purchased in January, what was the balance in Supplies on January 1? (b) If the amount in Insurance Expense is the January 31 adjusting entry, and the original insurance premium was for 1 year, what was the total premium and when was the policy purchased? (c ) If $2,500 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2013?
24 (d) If $1,800 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2013? NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". E4-16 Prepare adjusting entries from analysis of trial balance The trial balance shown below are before and after adjustment for Bere Company at the end of its fiscal year. BERE OMPANY Trial Balance August 31, 2014 Instructions Prepare the adjusting entries that were made NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". P4-1A Record transactions on accrual basis; convert revenue to cash receipts
25 The following selected data are taken from the comparative financial statements of American Curling Club. The club prepares its financial statements using the accrual basis of accounting. Dues are billed to members based upon their use of the club's facilities. Unearned sales revenues arise from the sale of tickets to events, such as the Skins Game. Instructions (Hint: You will find it helpful to use T-accounts to analyze the following data. You must analyze these data sequentially, as missing information must first be deduced before moving on. Post your journal entries as you progress, rather than waiting until the end.) (a) Prepare journal entries for each of the following events that took place during Dues receivable from members from 2013 were all collected during During 2014, goods were provided for all of the unearned sales revenue at the end of 2013.
26 3. Additional tickets were sold for $44,000 cash during 2014, a portion of these were used by the purchasers during the year. The entire balance remaining in Unearned Sales Revenue relates to the upcoming Skins Game in Dues for the fiscal year were billed to members. 5. Dues receivable for 2014 (i.e., those billed in item (4) above ) were partially collected. (b) Determine the amount of cash received by American from the above transactions during the year ended September 30, NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". ============================================= HCS 380 Week 3 WileyPLUS Ex 13-9, Ex For more course tutorials visit This Tutorial contains Excel Sheet which can be used to solve below mentioned Problem for any numbers/values Complete the assigned exercises in WileyPLUS. Exercise 13-9
27 Exercise Exercise 13-9 Your answer is partially correct. Kinder Company has these comparative balance sheet data: KINDER COMPANY Balance Sheets December Cash $ 29,895
28 $ 59,790 Accounts receivable (net) 139, ,580 Inventory 119,580 99,650 Plant assets (net)
29 398, ,740 $687,585 $637,760 Accounts payable $ 99,650 $ 119,580 Mortgage payable (15%)
30 199, ,300 Common stock, $10 par 279, ,160 Retained earnings 109,615 79,720
31 $687,585 $637,760 Additional information for 2014: 1. Net income was $30, Sales on account were $377,000. Sales returns and allowances amounted to $26, Cost of goods sold was $201,000.
32 4. Net cash provided by operating activities was $58, Capital expenditures were $26,100, and cash dividends were $17,300. Compute the following ratios at December 31, Exercise Your answer is partially correct. The condensed financial statements of Elliott Company for the years 2013 and 2014 are presented below. ELLIOTT COMPANY Balance Sheets
33 December 31 (in thousands) Current assets Cash and cash equivalents $330 $360 Accounts receivable (net)
34 Inventory Prepaid expenses Total current assets
35 1,645 1,565 Property, plant, and equipment (net) Investments 85 85
36 Intangibles and other assets Total assets $2,670 $2,540 Current liabilities $895
37 $865 Long-term liabilities Stockholders equity common 1,115 1,115 Total liabilities and stockholders equity
38 $2,670 $2,540 ELLIOTT COMPANY Income Statements For the Year Ended December 31 (in thousands) Sales revenue $3,980
39 $3,640 Costs and expenses Cost of goods sold 1, Selling & administrative expenses 2,400 2,330
40 Interest expense Total costs and expenses 3,455 3,315 Income before income taxes 525
41 325 Income tax expense Net income $ 315 $ 195 Compute the following ratios for 2014 and (Round all answers to 2 decimal places, e.g or 12.61%.) (a)
42 Current ratio. (b) Inventory turnover. (Inventory on December 31, 2012, was $380.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2012, were $1,950.) (e)
43 Return on common stockholders equity. (Equity on December 31, 2012, was $940.) (f) Debt to assets ratio. (g) Times interest earned. ============================================= HCS 380 Week 3 WileyPLUS Ex 13-9, Ex For more course tutorials visit This Tutorial contains Excel Sheet which can be used to solve below mentioned Problem for any numbers/values Complete the assigned exercises in WileyPLUS. Exercise 13-9
44 Exercise Exercise 13-9 Your answer is partially correct. Kinder Company has these comparative balance sheet data: KINDER COMPANY Balance Sheets December Cash $ 29,895
45 $ 59,790 Accounts receivable (net) 139, ,580 Inventory 119,580 99,650 Plant assets (net)
46 398, ,740 $687,585 $637,760 Accounts payable $ 99,650 $ 119,580 Mortgage payable (15%)
47 199, ,300 Common stock, $10 par 279, ,160 Retained earnings 109,615 79,720
48 $687,585 $637,760 Additional information for 2014: 1. Net income was $30, Sales on account were $377,000. Sales returns and allowances amounted to $26, Cost of goods sold was $201,000.
49 4. Net cash provided by operating activities was $58, Capital expenditures were $26,100, and cash dividends were $17,300. Compute the following ratios at December 31, Exercise Your answer is partially correct. The condensed financial statements of Elliott Company for the years 2013 and 2014 are presented below. ELLIOTT COMPANY Balance Sheets
50 December 31 (in thousands) Current assets Cash and cash equivalents $330 $360 Accounts receivable (net)
51 Inventory Prepaid expenses Total current assets
52 1,645 1,565 Property, plant, and equipment (net) Investments 85 85
53 Intangibles and other assets Total assets $2,670 $2,540 Current liabilities $895
54 $865 Long-term liabilities Stockholders equity common 1,115 1,115 Total liabilities and stockholders equity
55 $2,670 $2,540 ELLIOTT COMPANY Income Statements For the Year Ended December 31 (in thousands) Sales revenue $3,980
56 $3,640 Costs and expenses Cost of goods sold 1, Selling & administrative expenses 2,400 2,330
57 Interest expense Total costs and expenses 3,455 3,315 Income before income taxes 525
58 325 Income tax expense Net income $ 315 $ 195 Compute the following ratios for 2014 and (Round all answers to 2 decimal places, e.g or 12.61%.) (a)
59 Current ratio. (b) Inventory turnover. (Inventory on December 31, 2012, was $380.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2012, were $1,950.) (e)
60 Return on common stockholders equity. (Equity on December 31, 2012, was $940.) (f) Debt to assets ratio. (g) Times interest earned. ============================================= HCS 380 Week 4 Individual Signature Assignment Financial Statement (2 Papers) For more course tutorials visit This Tutorial contains 2 Papers Signature Assignment: Financial Statement
61 Instructions: The community college instructor has asked for your help again. This time, he has asked for you to personally create a document he could give to his students. Write a 750- to 1,050-word paper in which you: Explain the ways financial information is used in health care organizations. Explain the use of the financial statement analysis as a method to address financial issues. Analyze the effects of unusual or irregular items on financial
62 statements. Format your paper according to APA guidelines. Cite 3 peer-reviewed, scholarly, or similar references to support your paper. Click on the Assignment Files tab to submit your assignment. ============================================= HCS 380 Week 4 WileyPlus Ex 7-8, Ex7-14 For more course tutorials visit This Tutorial contains Excel Sheet which can be used to solve below mentioned Problem for any numbers/values Complete the assigned exercises in WileyPLUS. Chapter 7 - Excel Assignment (E7-8); Chapter 7 - Excel Assignment (E7-14: Cash Budget) Exercise 7-8
63 The following information pertains to Joyce Company. 1 Cash balance per bank, July 31, $7, July bank service charge not recorded by the depositor $ Cash balance per books, July 31, $7, Deposits in transit, July 31, $2, Note for $2,091 collected for Joyce Company in July by the bank, plus interest $55 less fee $39. The collection has not been recorded by Joyce Company, and no interest has been accrued. 6. Outstanding checks, July 31, $705. Exercise 7-14 Enright Company expects to have a cash balance of $63,550 on January 1, These are the relevant monthly budget data for the first two months of 2014.
64 1. Collections from customers: January $88,550, February $163, Payments to suppliers: January $57,550, February $92, Wages: January $30,161, February $40,161. Wages are paid in the month they are incurred. 4. Administrative expenses: January $21,161, February $24,161. These costs include depreciation of $1,000 per month. All other costs are paid as incurred. 5. Selling expenses: January $15,161, February $20,161. These costs are exclusive of depreciation. They are paid as incurred. 6 Sales of short-term investments in January are expected to realize $12,161 in cash. Enright has a line of credit at a local bank that enables it to borrow up to $25,000. The company wants to maintain a minimum monthly cash bala
65 nce of $37,550. Prepare a cash budget for January and February. ============================================= HCS 380 Week 5 Individual Signature Assignment Cash Control (2 Papers) For more course tutorials visit This Tutorial contains 2 Papers Signature Assignment: Cash Control Instructions: Write a 750- to 1,050-word paper in which you: Explain the principles of internal control. Explain the use of cash and internal controls to prevent fraud. Explain why corporations invest in stocks and debt securities.
66 Explain how debt and stock investments are reported in financial statements. Format your paper according to APA guidelines. Cite 3 peer-reviewed, scholarly, or similar references to support your paper. Click on the Assignment Files tab to submit your assignment. ============================================= HCS 380 Week 5 Team Assignment Business Proposal (2 Papers) For more course tutorials visit This Tutorial contains 2 Papers HCS 380 Week 5 Team Assignment Business Proposal Business Proposal
67 Instructions: For this assignment, you will use the consolidated financial statements you chose in Week Four. As a team, analyze your chosen consolidated financial statements and make recommendations to leadership based on your findings. Write a 750- to 1,050-word proposal, and include a link to your chosen financial statements. Format your proposal according to APA guidelines.
68 Cite 3 peer-reviewed, scholarly, or similar references to support your paper. Click on the Assignment Files tab to submit your assignment. SupportingMaterial:Business Proposal Grading Guide ============================================= HCS 380 Week 5 WileyPLUS Ex 10-8A, Ex 10-8B, Ex 10-10A, Problem 11-2A, 11-7A For more course tutorials visit This Tutorial contains Excel Sheet which can be used to solve All Wiley Problem for any numbers/values Complete the assigned exercises in WileyPLUS Excel Problem 10-8A Excel Problem 10-8B
69 Excel Problem 10-10A Problem 11-2A Problem 11-7A P10-8A Prepare journal entries to record issuance of bonds, interest, straight-line amortization, and balance sheet presentation and balance sheet presentation Yung Corporation sold $2,000,000, 7%, 5 year bonds on January 1, The bonds were dated January 1, 2014, and pay interest on January 1. The company uses straight-line amortization on bond premiums or discounts. Instructions (a) Prepare all necessary journal entries to record the issuance of the bonds and bond interest expense for 2014, assuming the bond sold at 102. (b) Prepare journal entries as in part (a) assuming the bonds sold at 97. (c ) Show the balance sheet presentation for the bond issue at December 31, 2014, using (1) the 102 selling price, and then (2) the 97 selling price NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?".
70 P10-8B Prepare journal entries to record issuance of bonds, interest, straight-line amortization, and balance sheet presentation and balance sheet presentation Holmes Corporation sold $2,200,000, 8%, 5-year bonds on January 1, The bonds were dated January 1, 2014, and pay interest on January 1. Holmes Corporation uses the straight-line method to amortize bond premiums or discounts. Instructions (a) Prepare all necessary journal entries to record the issuance of the bonds and bond interest expense for 2014, assuming the bond sold at 102. (b) Prepare journal entries as in part (a) assuming g the bonds sold at 98. (c ) Show the balance sheet presentation for the bond issue at December 31, 2014, using (1) the 102 selling price, and then (2) the 98 selling price NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?".
71 P10-10A Prepare journal entries to record issuance of bonds, payment of interest, and amortization of bond discount using effective interest method. On January 1, 2014, Lock Corporation issued $1,800,000 face value, 5% 10 -year bonds at $1,667,518 This price resulted in an effective-interest rate of 6% on the bonds. Lock uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest January 1. Instructions: (Round all computations to the nearest dollar.) (a) Prepare the journal entry to record the issuance of the bonds on January 1, (b) Prepare an amortization table through December 31, 2016, (three interest periods) for this bond issue.
72 Problem 11-2A The stockholders equity accounts of Miley Corporation on January 1, 2014, were as follows. Preferred Stock (7%, $100 par noncumulative, 4,100 shares authorized) $246,000 Common Stock ($3 stated value, 338,600 shares authorized) 812,640 Paid-in Capital in Excess of Par Value Preferred Stock 12,300 Paid-in Capital in Excess of Stated Value Common Stock 270,880
73 Retained Earnings 698,300 Treasury Stock (4,100 common shares) 32,800 During 2014, the corporation had the following transactions and events pertaining to its stockholders equity. Feb. 1 Issued 5,300 shares of common stock for $31,800. Mar. 20
74 Purchased 1,760 additional shares of common treasury stock at $7 per share. Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a $0.90 per share cash dividend to common stockholders of record on December 15, payable December 31, Dec. 31
75 Determined that net income for the year was $277,500. Paid the dividend declared on December 1. Journalize the transactions. Enter the beginning balances in the accounts and post the journal entries to the stockholders equity accounts. Prepare the stockholders equity section of the balance sheet at December 31, Calculate the payout ratio, earnings per share, and return on common stockholders equity. Problem 11-7A Your answer is incorrect. Cepeda Company manufactures backpacks. During 2014, Cepeda issued bonds at 11% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Cepeda Company for the years 2014 and
76 2013 Sales revenue $26,802,000 $26,802,000 Net income 6,670,720 7,445,000 Interest expense 657,000
77 183,960 Tax expense 1,995,260 2,233,500 Dividends paid on common stock 1,169,460 1,348,164 Dividends paid on preferred stock
78 394, ,200 Total assets (year-end) 43,181,000 50,253,750 Average total assets 20,613,375 23,340,582
79 Total liabilities (year-end) 7,884,000 3,942,000 Avg. total common stockholders equity 12,351,600 18,527,400 (a) Use the information above to calculate the following ratios for both years: ============================================= HCS 380 Wileyplus Exercise 13 9 (Solution with Excel file)
80 For more course tutorials visit Just enter the value and get the answer, this excel file will work for any value Kinder Company has these comparative balance sheet data: KINDER COMPANY Balance Sheets December Cash $ 34,290 $ 68,580 Accounts receivable (net) 160, ,160 Inventory 137, ,300 Plant assets (net) 457, ,480
81 ============================================= HCS 380 Wileyplus Exercise (Solution with Excel file) For more course tutorials visit Just enter the value and get the answer, this excel file will work for any value The condensed financial statements of Elliott Company for the years 2013 and 2014 are presented below. ELLIOTT COMPANY Balance Sheets December 31 (in thousands) Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) Inventory Prepaid expenses Total current assets 1,763 1,683
82 Property, plant, and equipment (net) Investments Intangibles and other assets Total assets $2,891 $2,761 Current liabilities $998 $968 Long-term liabilities Stockholders equity common 1,218 1,218 Total liabilities and stockholders equity $2,891 $2,761 ELLIOTT COMPANY Income Statements
83 For the Year Ended December 31 (in thousands) Sales revenue $3,995 $3,655 Costs and expenses Cost of goods sold 1,148 1,068 Selling & administrative expenses 2,400 2,330 Interest expense Total costs and expenses 3,558 3,418 Income before income taxes Income tax expense Net income $ 262 $ 142
84 Compute the following ratios for 2014 and (Round all answers to 2 decimal places, e.g or 12.61%.) (a) Current ratio. (b) Inventory turnover. (Inventory on December 31, 2012, was $400.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2012, were $2,700.) (e) Return on common stockholders equity. (Equity on December 31, 2012, was $990.) (f) Debt to assets ratio. (g) Times interest earned. =============================================
FOR MORE CLASSES VISIT
HCS 380 Week 1 Individual Assignment Reference Chart Reference Chart Instructions: FOR MORE CLASSES VISIT www.hcs380rank.com Create a chart detailing the three different forms of business organizations
More informationFor more course tutorials visit
HCS 380 Week 1 Individual Assignment Reference Chart For more course tutorials visit www.uophelp.com Reference Chart Instructions: Create a chart detailing the three different forms of business organizations
More informationACCT 101 GROUP PROJECT INSTRUCTIONS
ACCT 101 GROUP PROJECT INSTRUCTIONS This project is to be completed as a group. All group members should actively participate in the project and it is up to the group to decide who will be responsible
More informationPELLISSIPPI STATE TECHNICAL COMMUNITY COLLEGE MASTER SYLLABUS PRINCIPLES OF ACCOUNTING I ACC 2110
PELLISSIPPI STATE TECHNICAL COMMUNITY COLLEGE MASTER SYLLABUS PRINCIPLES OF ACCOUNTING I ACC 2110 Class Hours: 3.0 Credit Hours: 3.0 Laboratory Hours: 0.0 Date Revised: Fall 1999 Catalog Course Description:
More informationCHAPTER4. The Recording Process. PreviewofCHAPTER4. Using a Worksheet. Steps in Preparing a Worksheet
CHAPTER4 The Recording Process 4-1 4-2 PreviewofCHAPTER4 Using a Worksheet Steps in Preparing a Worksheet Multiple-column form used in preparing financial statements. Not a permanent accounting record.
More informationREINFORCEMENT ACTIVITY 3, Part B, p. 715
REINFORCEMENT ACTIVITY 3, Part B, p. 715 10. Unadjusted Trial Balance December 31, 20X4 ACCOUNT TITLE DEBIT CREDIT Cash 25 0 0 1 40 Petty Cash 4 0 0 00 Accounts Receivable 15 7 8 9 20 Allowance for Uncollectible
More informationADVANCED ACCOUNTING (110)
Page 1 of 9 Contestant Number: Time: Rank: ADVANCED ACCOUNTING (110) Secondary REGIONAL 2015 Objective & Short Answer: Multiple Choice (20 @ 2 points each) Short Answer (14 @ 3 points each) Production:
More informationBookkeeping (Explanation)
Bookkeeping (Explanation) 1. Part 1 Introduction; Bookkeeping: Past and Present 2. Part 2 Accrual Method 3. Part 3 Double-Entry, Debits and Credits 4. Part 4 General Ledger Accounts 5. Part 5 Debits and
More informationChapter 13 Statement of Cash Flows Study Guide Solutions Fill-in-the-Blank Equations. Exercises
Chapter 13 Statement of Cash Flows Study Guide Solutions Fill-in-the-Blank Equations 1. Net cash flow from operating activities 2. Change in Cash 3. Cash used to purchase property, plant, and equipment
More informationGeneral Education Competencies Satisfied:
Course Name: Principles of Financial Accounting Course Number: ACC* 113 Credits: 3 Catalog description: A study of the basic principles and procedures of the accounting process as they relate to the recording,
More informationAdjusting The Accounts
3 Adjusting The Accounts Learning Objectives 1 2 Explain the accrual basis of accounting and the reasons for adjusting entries. Prepare adjusting entries for deferrals. 3 Prepare adjusting entries for
More informationKauai Community College
INSTRUCTOR: LENIE NISHIHIRA OFFICE: BUS ED 104 OFFICE HOURS: By appointment E-MAIL: lnish@hawaii.edu Course Description: Kauai Community College Accounting 201 Introduction to Financial Accounting Spring
More informationProf Albrecht s Notes Example of Complete Accounting Cycle Intermediate Accounting 1
Prof Albrecht s Notes Example of Complete Accounting Cycle Intermediate Accounting 1 In this chapter of notes I ll provide a complete example of the accounting cycle. The order of the tasks to complete
More informationFinancial Accounting. (Exam)
Financial Accounting (Exam) Your AccountingCoach PRO membership includes lifetime access to all of our materials. Take a quick tour by visiting www.accountingcoach.com/quicktour. Table of Contents (click
More informationCENTURY 21 ACCOUNTING, 9e General Journal Chapter Objectives
CENTURY 21 ACCOUNTING, 9e General Journal Chapter Objectives Chapter 1 Starting A Proprietorship: Changes that Affect the Accounting Equation After studying Chapter 1, you will be able to: 1. Define accounting
More informationWeek 5, Chap3 Accounting 1A, Financial Accounting. Instructor: Michael Booth
Week 5, Chap3 Accounting 1A, Financial Accounting Instructor: Michael Booth Business Background How do business activities affect the income statement? How are these activities recognized and measured?
More informationFull file at
TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 1) A journal entry is a record of an event that has a financial impact on the business that can be reliably measured. 1)
More informationAdjusting the Accounts
3-1 Chapter 3 Adjusting the Accounts Learning Objectives After studying this chapter, you should be able to: 1. Explain the time period assumption. 2. Explain the accrual basis of accounting. 3. Explain
More informationFAQ: Statement of Cash Flows
Question 1: What sources are used when the statement of cash flows is being prepared, and what information does each source provide? Answer 1: The statement of cash flows is prepared differently from the
More informationCOMPREHENSIVE EXAMINATION A PART 1 (Chapters 1-6)
COMPREHENSIVE EXAMINATION A PART 1 (Chapters 1-6) Problem A-I Multiple Choice. Choose the best answer for each of the following questions and enter the identifying letter in the space provided. 1. How
More informationMadison Area Technical College
Madison Area Technical College Dual Credit Course Profile 2013-2014 Academic Year Instructor Name High School Instructor Contact Information Michael Cassidy Mount Horeb High School cassidymichael@mhasd.k12.wi.us
More informationGrade 12 Accounting Review & Practice Questions
Grade 12 Accounting Review & Practice Questions Chapter 1 Review Questions Chapter 1 Theory: Do m/c Page 30 31 #1 10 Chapter 1 Practice: o BE1 1 o BE1 5 o BE1 6 o BE1 11 o BE1 15 Exercises o E1 4 o E1
More informationAccounting 1A Class Notes Chapter 3 The Adjusting Process
Source Documents General Journal General Ledger Trial Balance Adjusting Entries Difference between TRANSACTIONS and ADJUSTMENTS Transactions occur through-out the accounting cycle and normally involve
More informationThe Accounting Cycle, 1 thru 6: Par One Disc Golf
The Accounting Cycle, 1 thru 6: Par One Disc Golf SECTION I. ACCOUNTING CYCLE STEPS 1 THRU 4 Par One Disc Golf (PODG) was opened on March 1, 2015 by Brian Jones. The following selected events and transactions
More informationFORENSIC ACCOUNTING VERSION
FORENSIC ACCOUNTING VERSION Fraudulent or incorrect transactions are presented below. Your job as a forensic accountant is to correct the financial statements and determine how income and total assets
More informationContents: Interview Summary...2. Assignment Text excerpt for Assignment Syllabus...11
College: Great Bay Community College Course: Introduction Dan Murphy Text: Fundamental Accounting Principles, 19 th Ed; Wild, Shaw, Chiappetta Contents: Interview Summary...2 Assignment 1...3 Text excerpt
More informationChapter 1. assembled and processed
1 Introduction to Accounting and Business Chapter 1 Introduction to Accounting and Business Learning Objective 1 Describe the nature of a business, the role of accounting, and ethics in business. Nature
More informationAdjustments, Financial Statements and the Quality of Earnings
Adjustments, Financial Statements and the Quality of Earnings Chapter 4 Accounting Cycle 4-2 1 Unadjusted Trial Balance Listing of all the balance sheet and income statement accounts, usually in financial
More informationSolution to Problem 31 Adjusting entries. Solution to Problem 32 Closing entries.
Solution to Problem 31 Adjusting entries. 1. Utilities expense 27,000 Accounts payable 27,000 2. Rent revenue 4,000 Unearned revenue 4,000 3. Supplies 2,000 Supplies expense 2,000 4. Interest receivable
More informationWAYNESBORO AREA SCHOOL DISTRICT ADVANCED ACCOUNTING
COURSE NAME: Advanced UNIT: Departmentalized (4 Chapters plus a simulation project) NO. OF DAYS: 60 KEY LEARNING(S): Recording Departmental Purchases, Cash Payments, Sales, and Cash Receipts; Calculating
More informationINTRODUCTION TO FINANCIAL ACCOUNTING MGCR211 - All sections October 16 th, :00PM - 2:00PM SOLUTION
INTRODUCTION TO FINANCIAL ACCOUNTING MGCR211 - All sections October 16 th, 215 12:PM - 2:PM SOLUTION October 16, 215 Midterm Examination Please pick your professor: Professor: Jorien Pruijssers Seda Oz
More information1. The primary objective of financial reporting is to provide useful information to external decision makers.
Chapter 02 Investing and Financing Decisions and the Accounting System True / False Questions 1. The primary objective of financial reporting is to provide useful information to external decision makers.
More informationReview of a Company s Accounting System
CHAPTER 3 O BJECTIVES After reading this chapter, you will be able to: 1 Understand the components of an accounting system. 2 Know the major steps in the accounting cycle. 3 Prepare journal entries in
More informationSome deferred items for which adjusting entries would be made include: Prepaid insurance Prepaid rent Office supplies Depreciation Unearned revenue
WWW.VUTUBE.EDU.PK Paper 1 MIDTERM EXAMINATION Spring 2009 FIN621- Financial Statement Analysis (Session - 1) Question No: 1 ( Marks: 1 ) - Please choose one Which of the following is the acronym for GAAP?
More informationPrepare, Apply, and Confirm with MyAccountingLab
Prepare, Apply, and Confirm with MyAccountingLab Hallmark Features Personalized Learning Aids, like Help Me Solve This, Demo Docs, and instant feedback are available for further practice and mastery when
More informationWork4Me I Accounting Simulations. Problem Four
Work4Me I Accounting Simulations 3 rd Web-Based Edition Problem Four Daily and Adjusting Entries for Classic Accounting Services, Incorporated Page 1 Problem Four Classic Accounting Services, Inc. Trial
More informationAccounting Basics, Part 1
Accounting Basics, Part 1 Accrual, Double-Entry Accounting, Debits & Credits, Chart of Accounts, Journals and, Ledger Part 1 What s Here Introduction Business Types Business Organization Professional Advice
More informationCHAPTER 3. Adjusting the Accounts 6, 7 1 8, 9, 10, 11, 12, 13, 18, 19, , 18 6A 12, 13 14, 15
CHAPTER 3 Adjusting the Accounts ASSIGNMENT CLASSIFICATION TABLE Learning Objectives Questions Brief Exercises Do It! Exercises A Problems B Problems *1. Explain the time period assumption. *2. Explain
More informationCHAPTER 2 ANALYZING TRANSACTIONS DISCUSSION QUESTIONS
Financial and Managerial Accounting 14th Edition Warren SOLUTIONS MANUAL Full clear download (no formatting errors) at: https://testbankreal.com/download/financial-managerial-accounting-14thedition-warren-solutions-manual/
More informationServiceNow, Inc. Condensed Consolidated Statements of Operations (in thousands, except share and per share data) (Unaudited)
Condensed Consolidated Statements of Operations (in thousands, except share and per share data) Revenues: Subscription $ 179,907 $ 117,375 Professional services and other 32,057 21,715 Total revenues 211,964
More informationServiceNow, Inc. Condensed Consolidated Statements of Operations (in thousands, except share and per share data)
Condensed Consolidated Statements of Operations (in thousands, except share and per share data) December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 Revenues: Subscription $ 244,702
More informationYasheng Group 2010 Financial Results
Yasheng Group 2010 Financial Results CONSOLIDATED BALANCE SHEETS 2010 2009 2008 ASSETS 849,454,265 739,630,043 736,213,299 Current assets: Cash and cash equivalents 10,116,750 8,010,017 7,880,338 Accounts
More informationCHAPTER 3 Selected Solutions. The Accounting Information System. Brief Topics Questions Exercises Exercises Problems
CHAPTER 3 Selected Solutions The Accounting Information System ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Brief Topics Questions Exercises Exercises Problems 1. Transaction identification. 1, 2, 3, 5,
More informationGoogle Inc. CONSOLIDATED BALANCE SHEETS
Google Inc. CONSOLIDATED BALANCE SHEETS (In millions, except share and par value amounts which are reflected in thousands,and par value per share amounts) As of December 31, 2013 As of March 31, 2014 Assets
More informationCHAPTER 3 Adjusting the Accounts
Solutions Manual Financial and Managerial Accounting, 2nd Edition Weygandt Kimmel Kieso Completed Instant download SOLUTIONS MANUAL for Financial and Managerial Accounting, 2nd Edition by Jerry J. Weygandt,
More informationAdjustments, Financial Statements, and the Quality of Earnings
Adjustments, Financial Statements, and the Quality of Earnings Chapter 4 McGraw-Hill/Irwin 2009 The McGraw-Hill Companies, Inc. Understanding the Business Management is responsible for preparing... Financial
More informationModule 3 Exhibits and Key Terms. Table of Contents. 1 Principles of Accounting Adjustments for Financial Reporting
Table of Contents Exhibit 14: Cash basis and accrual basis of accounting compared... 2 Exhibit 15: Summary fiscal year ending by Month... 2 Exhibit 16: Two classes and four types of adjusting entries...
More informationPrinciples of Accounting II
Principles of Accounting II Lecture 1 Adjusting the Accounts Basic Accounting Equation What the business owns = What the business owes Assets = Liabilities (owed to creditors)+ Owners Equity (residual
More informationACCT1115. Review Package Final Exam
ACCT1115 Review Package Final Exam Fall 2013 1 Part I Multiple Choice Circle the best answer. 1) You own a house valued at $100,000 with an outstanding mortgage of $70,000. You pay your first month's installment
More informationChapter 14 (13) Statement of Cash Flows Study Guide Do You Know?
Chapter 14 (13) Statement of Cash Flows Study Guide Do You Know? Learning Objective 1: Describe the cash flow activities reported in the statement of cash flows. If a cash flow would be considered as an
More informationChapter 02 Analyzing and Recording Transactions
Financial Accounting Information For Decisions 6th Edition Wild Chapter 02 Analyzing and Recording Transactions Student Learning Objectives and Related Assignment Materials* Student Learning Objectives
More informationBasic Understanding of the Accounting Industry: Basic Understanding of the Accounting Industry:
Texas University Interscholastic League Contest Event: Accounting The contest focuses on the elementary principles and practices of accounting for sole proprietorship, partnerships and corporations, and
More informationCHAPTER3 Adjusting the Accounts
CHAPTER3 Adjusting the Accounts 3-1 3-2 Timing Issues Accountants divide the economic life of a business into artificial time periods (Time Period Assumption)...... Jan. Feb. Mar. Apr. Dec. Generally a
More informationCOMPREHENSIVE EXAMINATION A PART 1 (Chapters 1-6)
COMPREHENSIVE EXAMINATION A PART 1 (Chapters 1-6) Problem A-I Multiple Choice. Choose the best answer for each of the following questions and enter the identifying letter in the space provided. 1. 2. 3.
More informationFAIR ISAAC CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) March 31, September 30, 2016 2015 ASSETS: Current assets: Cash and cash equivalents $ 85,374 $ 86,120 Accounts receivable, net 155,207 158,773 Prepaid
More informationSupplemental Instruction Handouts Financial Accounting Review Chapters 12, 13, 14 and 16 Answer Key
Supplemental Instruction Handouts Financial Accounting Review Chapters 12, 13, 14 and 16 Answer Key 1. Coach Motor Company is authorized by its articles of incorporation to issue an unlimited number of
More informationFAIR ISAAC CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) June 30, September 30, 2016 2015 ASSETS: Current assets: Cash and cash equivalents $ 118,155 $ 86,120 Accounts receivable, net 155,196 158,773 Prepaid
More informationACCT-112 Final Exam Practice Solutions
ACCT-112 Final Exam Practice Solutions Question 1 Jan 1 Cash 200,000 H. Happee, Capital 200,000 Jan 2 Prepaid Insurance 10,000 Cash 10,000 Jan 15 Equipment 15,000 Cash 5,000 Notes Payable 10,000 Jan 30
More informationServiceNow, Inc. Condensed Consolidated Statements of Operations (in thousands, except share and per share data) (Unaudited)
Condensed Consolidated Statements of Operations (in thousands, except share and per share data) September 30, 2016 September 30, 2015 September 30, 2016 September 30, 2015 Revenues: Subscription $ 318,934
More informationAccounting for. Sole Proprietorship. 1 Identify the differences in equity accounts between a corporation and a sole proprietorship.
appendix F Accounting for Sole Proprietorships study objectives After studying this appendix, you should be able to: 1 Identify the differences in equity accounts between a corporation and a sole proprietorship.
More informationChapter 02 - Analyzing and Recording Transactions. Chapter Outline
I. Analyzing and Recording Process A. The accounting process identifies business transactions and events, analyzes and records their effects, and summarizes and presents information in reports and financial
More informationPROBLEM 3-2B. (a) J1 Date Account Titles Ref. Debit Credit May 31 Insurance Expense Prepaid Insurance...
PROBLEM 3-2B (a) J1 Date Account Titles Ref. Debit Credit May 31 Insurance Expense... 722 190 Prepaid Insurance... ($2,280 X 1/12) 130 190 31 Supplies Expense... Supplies ($2,200 $)... 631 126 1,450 1,450
More informationFAIR ISAAC CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) June 30, September 30, 2018 2017 ASSETS: Current assets: Cash and cash equivalents $ 119,929 $ 105,618 Accounts receivable, net 182,419 168,586 Prepaid
More informationFAIR ISAAC CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) 2018 2017 ASSETS: Current assets: Cash and cash equivalents $ 90,023 $ 105,618 Accounts receivable, net 208,865 168,586 Prepaid expenses and other current
More informationServiceNow, Inc. Condensed Consolidated Statements of Operations (in thousands, except share and per share data) (unaudited)
Condensed Consolidated Statements of Operations (in thousands, except share and per share data) Revenues: Subscription $ 166,751 $ 104,878 $ 567,217 $ 349,804 Professional services and other 31,253 20,352
More informationCHAPTER 2 ANALYZING TRANSACTIONS
CHAPTER 2 ANALYZING TRANSACTIONS EYE OPENERS 1. An account is a form designed to record changes in a particular asset, liability, owner s equity, revenue, or expense. A ledger is a group of related accounts.
More information2. Which of the following is an external user of accounting information? A) Labor unions. B) Finance directors. C) Company officers. D) Managers.
Name: Date: 1. The study of accounting is not useful for a business career unless your career objective is to become an accountant. A) True B) False 2. Which of the following is an external user of accounting
More informationModule 4. Table of Contents
Copyright Notice. Each module of the course manual may be viewed online, saved to disk, or printed (each is composed of 10 to 15 printed pages of text) by students enrolled in the author s accounting course
More informationADVANCED ACCOUNTING (110) Secondary
Page 1 of 9 Contestant Number: Time: Rank: ADVANCED ACCOUNTING (110) Secondary REGIONAL 2018 Multiple Choice (20 @ 2 points each) Short Answer Problem 1 Inventory Costing Problem 2 Uncollectible Accounts
More informationCurriculum Document for Business Education
Curriculum Document for Business Education Course Title: Accounting I Learner Objective #1: Students will learn the accounting equation and how business activities change the accounting equation. Identify
More informationProblems: Set C. Problems: Set C 1
Problems: Set C 1 Problems: Set C P10-1C On January 1, 2012, the ledger of Flaming Company contained the following liability accounts. Accounts Payable $52,000 Sales Taxes Payable 8,200 Unearned Service
More informationWeygandt, Kieso, Kimmel, Trenholm, Kinnear, Barlow, Atkins: Principles of Financial Accounting, Canadian Edition CHAPTER 4
CHAPTER 4 Completion of the Accounting Cycle ASSIGNMENT CLASSIFICATION TABLE Study Objectives 1. Prepare closing entries and a postclosing trial balance. 2. Explain the steps in the accounting cycle including
More informationLEXMARK INTERNATIONAL GROUP, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (In Millions, Except Per Share Amounts) (Unaudited)
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (In Millions, Except Per Share Amounts) Revenues Cost of revenues Gross profit Three Months Ended $787.0 501.8 285.20 $672.1 425.5 246.60 Percent Change 17%
More informationACC 556 All Chapter Quizzes
ACC 556 All Chapter Quizzes FOR MORE CLASSES VISIT www.acc556outlet.com ACC 556 Chapter 1 Quiz (100% Score) ACC 556 Chapter 2 Quiz (100% Score) ACC 556 Chapter 3 Quiz (100% Score) ACC 556 Chapter 4 Quiz
More informationThe Accounting Cycle. End of the Period C AT EDRÁTICO U PR R I O P I EDRAS S EG. S EM
The Accounting Cycle End of the Period E DWIN R ENÁN MALDONADO C AT EDRÁTICO U PR R I O P I EDRAS S EG. S EM. 2 017-18 Textbook: Financial Accounting, Spiceland This presentation contains information,
More informationDigging Into The Balance Sheet and Income Statement. The Balance Sheet
Digging Into The Balance Sheet and Income Statement Jim Menard, CCE email: jsmenard62@gmail.com The Balance Sheet Also called the statement of condition or statement of financial position Financial Condition
More informationFinancial Accounting (Sole Proprietorship)
Financial Accounting (Sole Proprietorship) This course covers the topics shown below. Students navigate learning paths based on their level of readiness. Institutional users may customize the scope and
More informationDo not turn this page until the start signal is given! W R I T E L E G I B L Y!
UNIVERSITY INTERSCHOLASTIC LEAGUE ACCOUNTING EXAM State 2018-S Contestant # Do not turn this page until the start signal is given! All answers MUST be written on your answer sheet. Either upper case or
More informationMIDTERM EXAMINATION Spring 2009 FIN621- Financial Statement Analysis (Session - 3)
MIDTERM EXAMINATION Spring 2009 FIN621- Financial Statement Analysis (Session - 3) Question No: 1 ( Marks: 1 ) - Please choose one Which of the following statement shows the revenues and expenses of the
More informationProblems: Set C. 8 chapter 3 The Accounting Information System
8 chapter 3 The Accounting Information System compute net income. (b) Net income $4,910 prepare financial statements. (a) Cash $12,680 Problems: Set C P3-1C New Dawn Window Washing Inc. was started on
More informationAccounting 1A Class Notes Chapter 2 Analyzing Transactions. Chart of Accounts 1. Assets. Liabilities. 3. Owners Equity. Revenue. 5.
Chart of Accounts 1. Assets 2. Liabilities 3. Owners Equity 4. Revenue 5. Expense T- ACCOUNTS Title, Debit on the Left and Credit on the right Foot both sides (if more than one entry) Balance on the side
More informationChapter 4: Completing the Accounting Cycle
1 Chapter 4 Completing the Accounting cycle Chapter 4: Completing the Accounting Cycle Learning Objective 1 Describe the financial statements of a proprietorship and explain how they interrelate. Financial
More informationChapter 4 Question Review 1
Chapter 4 Question Review 1 Chapter 4 Questions Multiple Choice 1. The final step in the accounting cycle is to prepare: a. closing entries. b. financial statements. c. a post-closing trial balance. d.
More informationNEW YORK UNIVERSITY Stern School of Business C Principles of Financial Accounting Mon. & Wed., 11:00 a.m. 12:15 p.m.
NEW YORK UNIVERSITY Stern School of Business C10.0001.02 Principles of Financial Accounting Mon. & Wed., 11:00 a.m. 12:15 p.m. (KMC 3-90) Professor: David M. Perkal E-mail: dperkal@stern.nyu.edu Office:
More informationLiabilities. Chapter 10. Learning Objectives. After studying this chapter, you should be able to:
10-1 Chapter 10 Liabilities 10-2 Learning Objectives After studying this chapter, you should be able to: 1. Explain a current liability, and identify the major types of current liabilities. 2. Describe
More informationGraded Project. Lesson 1: Business Accounting and You OVERVIEW INSTRUCTIONS
Lesson 1: Business Accounting and You OVERVIEW The focus of this project is for the student to keep a set of books through an accounting period to perform the following functions: Set up the books of accounting
More informationWork4Me I Accounting Simulations. Demonstration Problem
Work4Me I Accounting Simulations 3 rd Web-Based Edition Demonstration Problem Classic Accounting Services, Incorporated Page 1 Problem 1 Demonstration Problem The Work4Me problems begin with a hands-on,
More informationACC100 Introduction to Accounting
ACC100 Introduction to Accounting Week 5 Adjusting Entries and the Trial Balance Chapter 4 Adjusting entries Study Group Australia Pty Limited, SGA1286-F2/10/12 2 Learning Outcomes On completion of this
More informationFinancial Accounting. Final Exam
06169700 Financial Accounting Final Exam When you feel confident that you have mastered the material in Financial Accounting, complete the following exam by answering the questions and compiling your answers
More informationFin621 Online Quizzes & Papers GURU
1.If the inventory shrinkage at the end of the year is overstated by $7,500, the error will cause an: A.. understatement of net income for the year by $7,500 B.. understatement of cost of merchandise sold
More informationInvesting and Financing Decisions and the Accounting System
Investing and Financing Decisions and the Accounting System Chapter 2 Conceptual Framework Objective of Financial Reporting To provide useful economic information to external users for decision making
More informationFIN 571 Final Exam Guide (New) FOR MORE CLASSES VISIT
FIN 571 Final Exam Guide (New) 1.A proxy fight occurs when: the board of directors disagree on the members of the management team. 2. A stakeholder is any person or entity: 3.Which one of the following
More informationBUS Intermediate Accounting I Fall 2011
BUS 341 - Intermediate Accounting I Fall 2011 Dr. Pamela H. Church Phone: 843-3920 (office); 751-0898 (home) Office Hours: 10:45-11:15 MW, 3:15-4:15 MW, other hours by appointment Office: Buckman 332 Course
More informationSupplemental Instruction Handouts Financial Accounting Review Chapters 12, 13, 14 and 16 Answer Key
Supplemental Instruction Handouts Financial Accounting Review Chapters 12, 13, 14 and 16 Answer Key 1. Coach Motor Company is authorized by its articles of incorporation to issue an unlimited number of
More informationFAQ: Financial Statements
Question 1: What is the correct order in which financial reports must be created? Answer 1: The income statement is created first, then the owners' equity statement, and finally the balance sheet. This
More informationCHAPTER 3 THE ACCOUNTING INFORMATION SYSTEM. MULTIPLE CHOICE Conceptual. Test Bank Chapter 3
CHAPTER 3 THE ACCOUNTING INFORMATION SYSTEM MULTIPLE CHOICE Conceptual Answer No. Description d 1. Purpose of an accounting system. d 2. Criteria for recording events. c 3. Purpose of trial balance. b
More informationADVANCED ACCOUNTING (110) Secondary
Page 1 of 9 Contestant Number: Time: Rank: ADVANCED ACCOUNTING (110) Secondary REGIONAL 2018 Multiple Choice (20 @ 2 points each) Short Answer Problem 1 Inventory Costing Problem 2 Uncollectible Accounts
More informationCity of Bingham. Cumulative Problem. For use with McGraw-Hill/Irwin Accounting for Governmental and Nonprofit Entities, 13 th Edition
City of Bingham Cumulative Problem For use with McGraw-Hill/Irwin Accounting for Governmental and Nonprofit Entities, 13 th Edition By Earl R. Wilson and Susan C. Kattelus Table of Contents Foreword 1
More informationNEW YORK UNIVERSITY Stern School of Business B Financial Accounting and Reporting Saturday, 9:00 a.m. 12:00 p.m.
NEW YORK UNIVERSITY Stern School of Business B01.1306.00 Financial Accounting and Reporting Saturday, 9:00 a.m. 12:00 p.m. (KMC xxx) Professor: David M. Perkal E-mail: dperkal@stern.nyu.edu Office: KMC
More informationPE 3 1A Page 131 Indicate with a Yes or No whether or not each of the following accounts normally requires an adjusted entry.
PE 3 1A Page 131 Indicate with a Yes or No whether or not each of the following accounts normally requires an adjusted entry. A. Accumulated Depreciation yes B. Albert Stucky, Drawings No C. Office equipment
More information