Transactions Accounting Principles General Journal Cash Account Purchases ledger Sales ledger General ledger Trail Balance Jan 1 Started business by borrowing a loan of $50 000 from the Centrex Commercial Bank which was invested into the business along with his personal savings of $50 000. The loan carries an interest rate of 12% per annum. The following transactions took place during the year. 1 Purchased the following assets and paid for them by cash: Furniture and Fittings
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Associate Level Material Appendix A Stages of Critical Thinking Complete the matrix by identifying the six stages of critical thinking‚ describing how to move from each stage to the next‚ and listing obstacles you may face as you move to the next stage of critical thinking. |Stages of Critical Thinking |How to Move to the Next Stage |Obstacles to Moving to the Next Stage | |EXAMPLE: |Examine my thinking to identify problems
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Sociology 205 Week 1 Assignment 1 Denise M Shaffer Strayer University First degree murder is defined by federal and state laws as a killing which is deliberate and premeditated. Many states define it as a killing committed in connection with felonies such as rape‚ burglary‚ arson or involving multiple deaths‚ the killing of certain types of people ( such as a child or police officer)‚ or certain weapons particularly a gun[1]. First and second degree murder are distinguishable by the fact
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TUI UNIVERSITY Module 1 SLP ACC 202 Managerial Accounting The organization that I have chosen for this assignment is the Army Emergency Relief (AER) program. AER is the Army ’s own emergency financial assistance Program. The main purpose of AER is to ensure that its service members are able to take care of themselves and their family members in the event of emergencies‚ educational needs‚ health expenses‚ rent/mortgage‚ food/utilities and funeral expenses. AER
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Week One Assignment It has been said that one must recognize their history in order to understand the present and prepare for the future. Although our course is entitled “Vietnam & 20th Century Experience”‚ our course actually begins in the 19th century. This is because it is both necessary and helpful to study the context of prior history in order to understand that culture and the mindset that the people of that culture were in when decisions were made and actions were taken that led to
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Week Five Team Reflection ACC 421 2014 Team B Week Five Reflection This week learning team “B” has discussed the concept of time value of money. One will be able to understand the importance of time value of money‚ the different ways to compute interest‚ information about present value and future value‚ and the how time value relates to accounting. Importance of Time Value of Money Time value of money deals with the relationship between money and time (Kieso‚ Weygandt
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P2-6B Condensed balance sheet and income statement data for Fellenz Corporation are presented below. FELLENZ CORPORATION Balance Sheets December 31 Assets 2012 2011 Cash $40‚000 $24‚000 Receivables (net) 90‚000 55‚000 Other current assets 74‚000 73‚000 Long-term investments 78‚000 60‚000 Plant and equipment (net) 520‚000 407‚000 Total assets $802‚000 $619‚000 Liabilities and
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13. Use this information to calculate the following: Sales returns $ 700 Rent expense 1‚288 Sales discounts 950 Depreciation expense 600 Cost of merchandise sold 7‚600 Gross sales 20‚900 Advertising expense 1‚650 Salary expense 2‚900 Heat expense 900 A. Net sales B. Gross profit C. Total operating expenses D. Net Income 14.A truck costing $25‚000 with a residual value of $5‚000 was purchased by Rim Corporation. The truck’s estimated life is 10 years. At the end of Year 2‚ what is the book
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The Accounts Payable account in the general ledger is known as a A) suspense account. B) nominal account. C) controlling account. D) temporary account. 2. A schedule of accounts payable includes a list of A) customers. B) both creditors and customers. C) neither creditors nor customers. D) creditors. 3. A purchase of store supplies on account is recorded as a debit to the Purchases account and a credit to the Accounts Payable account. A) True B) False 4. A subsidiary ledger containing only
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comprises ACC 306 Week 1 P12-7 - Amalgamated General Corporation Business - Accounting Week 1 Required Readings a. Chapter 12: Investments b. Chapter 13: Current Liabilities and Contingencies Discussions Equity Method. Complete P12-13 from Chapter 12. Post the answers to the discussion board by Day 3. Loss Contingency and Full Disclosure. Complete Judgment Case 13-9 from Chapter 13. Quiz Assignments 1. Due by Day 7. Week 1 Exercises. Complete these
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