BUS591 – Financial Statement and Analysis Week 4 Homework Assignment Templates Instructions: Only enter data in the yellow boxes. The remaining areas are already completed for you. Save the file as follows: lastnamewk4.docx Submit to the assignment box before the due date. (Late assignments will receive a late penalty). Problem 8-2B (a) Journalize the transactions‚ including explanations. (Note‚ enter all accounts in one box. The dates have been included to help with formatting).
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Case Part 3 Report for the CFO There are several necessary journal entries that have been made to adjust the unadjusted trial balance. For Allowance for doubtful accounts: 1. In 2009‚ $ 58‚621.84 was directly written off to bad debt expense reflecting the amounts owed by customers who had gone bankrupt during the year. The journal entry would have been recorded as Dr Bad debt expense 58‚621.84 Cr Account receivable 58‚621
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ACC202 (1) Is this a static or flexible budget? The sample budget for a charter school in this case assignment is a flexible budget. This is because this budget provides results for more than one activity or in this case level. (2) What is total revenue (excluding grants) per student? The total revenue for each student minus grants is $6‚063 for all three levels (66‚ 100 and 120). (3) What are total expenses per student? The total expenses for each student in the
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ACCT 110 - FINANCIAL ACCOUNTING 1 SAMPLE MIDTERM TIME: 90 MINUTES Question Type Possible Marks 1-15 Multiple Choice 16 16 Journal Entries 10 17 Adjusting Entries 6 18 Closing Entries 3 19 Financial Statements 20 20 Other 5 Total Achieved 60 Letter Grade NO EXPLANATIONS ARE REQUIRED FOR JOURNAL ENTRIES. NAME ____________________________________ DATE _____________________________ ACCT 110 - Mock Midterm Page
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Student Name: ____________________________________ Chpt17 1. *Exercise 17-3 On January 1‚ 2011‚ Roosevelt Company purchased 13% bonds‚ having a maturity value of $525‚300‚ for $585‚038.54. The bonds provide the bondholders with a 10.00% yield. They are dated January 1‚ 2011‚ and mature January 1‚ 2016‚ with interest receivable December 31 of each year. Roosevelt Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity
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| Question : | If taxes are levied specifically for payment of interest and principal on long-term debt‚ those taxes are: | | | Student Answer: | | Included as a liability of the general fund | | | | Recorded as operating transfers to the debt service fund | | | | Included as revenues of the debt service fund | | | | Both A and B are correct | | | | Points Received: | 1 of 1 | | Comments: | | | | 2. | Question : | If taxes and/or special assessments
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Runway offers existing customers (the “Existing Customer”) a $25 credit (the “$25 Referral Credit”) if the Existing Customer refers a friend (the “New Customer”) to Runway’s Web site and the New Customer purchases merchandise from Runway. After a purchase is made by the New Customer‚ the Existing Customer receives a $25 credit to be applied to a future purchase from Runway. The $25 Referral Credit represents the fair value of the cost Runway would pay to acquire a new customer from an unrelated
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and grammar Overall quality of presentation including compliance with prescribed style and format criteria. Due Date should be strictly adhered to. No further extensions will be granted. Referencing: proper referencing as per the Harvard system of referencing is to be done. Assessment tasks without a proper reference lists or one that is plagiarized will get a zero mark. Assessment Task is to be typed using Times New Roman‚ 12 point font‚ line and a half spaced‚ with a 2
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References: Kieso‚ D. E.‚ Weygandt‚ J. J.‚ & Warfield‚ T. D. (2007). Accounting Information Systems. In (Ed.)‚ Intermediate Accounting (12th ed.‚ pp. 62-124). []. Retrieved from
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Accounting Cycle Paper By Sherry Woodward July 9‚ 2012 In this paper we are suppose to explain the accounting cycle at our organization‚ however when I asked my boss the only information that he would give me was the that Circle K has a 13 periods in a year and that their calendar end on April 15. An accounting cycle is a logical series of steps that an accountant will follow to keep the necessary accounting records along with preparing financial statements. There are eight steps to the accounting
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