ANSWER ALL QUESTIONS IN FIELD: READ CAREFULLY PLEASE LABEL EACH QUESTION
Question 1
Classifying Accounts
Balances for each of the following accounts appear in an adjusted trial balance. Identify each as an asset, liability, revenue, or expense.
1. Accounts Receivable
2. Equipment
3. Fees Earned
4. Insurance Expense
5. Land
6. Prepaid Rent
7. Rent Revenue
8. Salary Expense
9. Salary Payable
10. Supplies
11. Unearned Rent
12. Wages Payable
Question 2
Financial Statements from the End-of-Period Spreadsheet
Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepared for the year ended June 30, 2019:
Elliptical Consulting
End-of-Period Spreadsheet
For the Year Ended June 30, 2019
Unadjusted
Adjusted
Trial Balance
Adjustments
Trial Balance
Account Title
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Cash
27,000
27,000
Accounts Receivable
53,500
53,500
Supplies
3,000
(a)
2,100
900
Office Equipment
30,500
30,500
Accumulated Depreciation
4,500
(b)
1,500
6,000
Accounts Payable
3,300
3,300
Salaries Payable
(c)
375
375
Jayson Neese, Capital
82,200
82,200
Jayson Neese, Drawing
2,000
2,000
Fees Earned
60,000
60,000
Salary Expense
32,000
(c)
375
32,375
Supplies Expense
(a)
2,100
2,100
Depreciation Expense
(b)
1,500
1,500
Miscellaneous Expense
2,000
2,000
150,000
150,000
3,975
3,975
151,875
151,875
Based on the preceding spreadsheet, prepare an income statement for Elliptical Consulting.
Elliptical Consulting
Income Statement
For the Year Ended June 30, 2019
$
Expenses:
$
Total expenses
$
Based on the preceding spreadsheet, prepare a statement of owner's equity for Elliptical Consulting.
Elliptical Consulting
Statement of Owner's Equity
For the Year Ended June 30, 2019
$
$
$
Based on the preceding spreadsheet, prepare a balance sheet for Elliptical Consulting.
Elliptical Consulting
Balance Sheet
June 30, 2019
Assets
Current assets:
$
Total current assets
$
Property, plant, and equipment:
$
Total property, plant, and equipment
Total assets
$
Liabilities
Current liabilities:
$
Total liabilities
$
Owner's Equity
Total liabilities and owner's equity
$
Question 3:
Income Statement; Net Loss
The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 28, 2019, the end of the fiscal year:
Depreciation Expense
$7,500
Insurance Expense
3,000
Miscellaneous Expense
8,150
Rent Expense
54,000
Service Revenue
448,400
Supplies Expense
2,750
Utilities Expense
33,900
Wages Expense
360,000
Prepare an income statement. Use a minus sign to indicate a net loss.
Wholistic Health Services Co.
Income Statement
For the Year Ended February 28, 2019
$
Expenses:
$
Total expenses
Question 4:
Statement .
AWeek Five Exercise AssignmentFinancial Ratios1. Liquidity r.docxikirkton
AWeek Five Exercise Assignment
Financial Ratios
1. Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10:
Edison
Stagg
Thornton
Cash
$4,000
$2,500
$1,000
Short-term investments
3,000
2,500
2,000
Accounts receivable
2,000
2,500
3,000
Inventory
1,000
2,500
4,000
Prepaid expenses
800
800
800
Accounts payable
200
200
200
Notes payable: short-term
3,100
3,100
3,100
Accrued payables
300
300
300
Long-term liabilities
3,800
3,800
3,800
a. Compute the current and quick ratios for each of the three companies. (Round calculations to two decimal places.) Which firm is the most liquid? Why?
2. Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc:
20X5
20X4
Net credit sales
$832,000
$760,000
Cost of goods sold
440,000
350,000
Cash, Dec. 31
125,000
110,000
Average Accounts receivable
180,000
140,000
Average Inventory
70,000
50,000
Accounts payable, Dec. 31
115,000
108,000
a. Compute the accounts receivable and inventory turnover ratios for 20X5. Alaska rounds all calculations to two decimal places.
3. Profitability ratios, trading on the equity. Digital Relay has both preferred and common stock outstanding. The company reported the following information for 20X7:
Net sales
$1,500,000
Interest expense
$120,000
Income tax expense
$80,000
Preferred dividends
$25,000
Net income
$130,000
Average assets
$1,100,000
Average common stockholders' equity
$400,000
a. Compute the profit margin ratio, the return on equity and the return on assets, rounding calculations to two decimal places.
b. Does the firm have positive or negative financial leverage? Briefly explain.
4. Horizontal analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow.
20X2
20X1
Current Assets
$76,000
$80,000
Property, Plant, and Equipment (net)
99,000
90,000
Intangibles
25,000
50,000
Current Liabilities
40,800
48,000
Long-Term Liabilities
143,000
160,000
Stockholders’ Equity
16,200
12,000
Net Sales
500,000
500,000
Cost of Goods Sold
332,500
350,000
Operating Expenses
93,500
85,000
Prepare a horizontal analysis for 20X1 and 20X2. Briefly comment on the results of your work.
5. Vertical analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow.
20X2
20X1
Current Assets
$ 76,000
$ 80,000
Property, Plant, and Equipment (net)
99,000
90,000
Intangibles
25,000
50,000
Current Liabilities
40,800
48,000
Long-Term Liabilities
143,000
160,000
Stockholders’ Equity
16,200
12,000
Net Sales
500,000
500,000
Cost of Goods Sold
332,500
350,000
Operating Expenses
93,500
85,000
Prepare a vertical analysis for 20X1 and 20X2. Briefly comment on the results of your work.
6. Ratio computation. The financial statements of the Lone Pine Company follow.
LONE PINE COMPANY
Comparat ...
Portfolio Project Option 1 Student Template
Option #1: Venture Consultants, Power and Demolition Company, and Warnerwood Accounting Cases
PART 1:
Venture Consultants
The month of March transactions
Date
Account Names
Debit
Credit
1-Mar
2-Mar
3-Mar
6-Mar
9-Mar
12-Mar
19-Mar
22-Mar
25-Mar
29-Mar
30-Mar
30-Apr
$221,000
$221,000
PART 2A
Power and Demolition Co, Adjustment April 30, 2015
Adjust #
Account Names
Debit
Credit
1
2
3
4
5
6
7
8
PART 2B
Power and Demolition Co, Adjustment April 30, 2015
Continued
UTB
ADJUSTMENT
Acct #
Account Names
Debit
Credit
Debit
Credit
Debit
101
Cash
$7,000
$7,000
126
Supplies
$16,000
128
Pre-paid insurance
$12,600
167
Equipment
$200,000
Accumulated. Depreciation
$14,000
201
Account payable
$6,800
Utilities payable
Wages payable
Rent Payable
PropertyTxPayable
Interest payable
251
Long-term notes payable
$30,000
301
Bonn, Equity
$86,900
302
Bonn, Withdrawals
$12,000
401
Demolition fees earned
$187,000
623
Wage expense
$41,400
633
Interest expense
$3,300
640
Rent expense
$13,200
683
Property tax expense
$9,700
684
Repairs expense
$4,700
690
Utilities expense
$4,800
Supply expense
Insurance expense
Depreciation expense
TOTALS
$324,700
$324,700
PART 3
Warnerwood Company
Column->
A
B
C
D
E
F
G
Date
Activities
# Units Buy
Cost/unit
#Units Sold
Price/unit
Cost GAS
Sales
1-Mar
BI
5-Mar
TI
9-Mar
TO
18-Mar
TI
25-Mar
TI
29-Mar
TO
TOTAL
Q1. Units in Available for Sales is BI + TI (Column B)=
Units (BI + TI) =
Q2. BI + TI - TO = EI=
820
minus
580
equals
240
Q3. FIFO
Q3. LIFO
Q3. Weighted Average
Weighted cost/unit=
Cost EI=
Q.4
Sales
COGS/Method
Gross Profit
Q4. FIFO
Q4. LIFO
Q4. WtAvg
Portfolio
Project Option 1 Student Template
Option #1
:
Venture Consultants, Power and Demolition Company, and Warnerwood
Accounting Cases
PART 1:
Venture Consultants
The month of March transactions
Date
Account
Names
Debit
Credit
1
-
Mar
2
-
Mar
3
-
Mar
6
-
Mar
9
-
Mar
12
-
Mar
19
-
Mar
22
-
Mar
25
-
Mar
29
-
Mar
30
-
Mar
.
AWeek Five Exercise AssignmentFinancial Ratios1. Liquidity r.docxikirkton
AWeek Five Exercise Assignment
Financial Ratios
1. Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10:
Edison
Stagg
Thornton
Cash
$4,000
$2,500
$1,000
Short-term investments
3,000
2,500
2,000
Accounts receivable
2,000
2,500
3,000
Inventory
1,000
2,500
4,000
Prepaid expenses
800
800
800
Accounts payable
200
200
200
Notes payable: short-term
3,100
3,100
3,100
Accrued payables
300
300
300
Long-term liabilities
3,800
3,800
3,800
a. Compute the current and quick ratios for each of the three companies. (Round calculations to two decimal places.) Which firm is the most liquid? Why?
2. Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc:
20X5
20X4
Net credit sales
$832,000
$760,000
Cost of goods sold
440,000
350,000
Cash, Dec. 31
125,000
110,000
Average Accounts receivable
180,000
140,000
Average Inventory
70,000
50,000
Accounts payable, Dec. 31
115,000
108,000
a. Compute the accounts receivable and inventory turnover ratios for 20X5. Alaska rounds all calculations to two decimal places.
3. Profitability ratios, trading on the equity. Digital Relay has both preferred and common stock outstanding. The company reported the following information for 20X7:
Net sales
$1,500,000
Interest expense
$120,000
Income tax expense
$80,000
Preferred dividends
$25,000
Net income
$130,000
Average assets
$1,100,000
Average common stockholders' equity
$400,000
a. Compute the profit margin ratio, the return on equity and the return on assets, rounding calculations to two decimal places.
b. Does the firm have positive or negative financial leverage? Briefly explain.
4. Horizontal analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow.
20X2
20X1
Current Assets
$76,000
$80,000
Property, Plant, and Equipment (net)
99,000
90,000
Intangibles
25,000
50,000
Current Liabilities
40,800
48,000
Long-Term Liabilities
143,000
160,000
Stockholders’ Equity
16,200
12,000
Net Sales
500,000
500,000
Cost of Goods Sold
332,500
350,000
Operating Expenses
93,500
85,000
Prepare a horizontal analysis for 20X1 and 20X2. Briefly comment on the results of your work.
5. Vertical analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow.
20X2
20X1
Current Assets
$ 76,000
$ 80,000
Property, Plant, and Equipment (net)
99,000
90,000
Intangibles
25,000
50,000
Current Liabilities
40,800
48,000
Long-Term Liabilities
143,000
160,000
Stockholders’ Equity
16,200
12,000
Net Sales
500,000
500,000
Cost of Goods Sold
332,500
350,000
Operating Expenses
93,500
85,000
Prepare a vertical analysis for 20X1 and 20X2. Briefly comment on the results of your work.
6. Ratio computation. The financial statements of the Lone Pine Company follow.
LONE PINE COMPANY
Comparat ...
Portfolio Project Option 1 Student Template
Option #1: Venture Consultants, Power and Demolition Company, and Warnerwood Accounting Cases
PART 1:
Venture Consultants
The month of March transactions
Date
Account Names
Debit
Credit
1-Mar
2-Mar
3-Mar
6-Mar
9-Mar
12-Mar
19-Mar
22-Mar
25-Mar
29-Mar
30-Mar
30-Apr
$221,000
$221,000
PART 2A
Power and Demolition Co, Adjustment April 30, 2015
Adjust #
Account Names
Debit
Credit
1
2
3
4
5
6
7
8
PART 2B
Power and Demolition Co, Adjustment April 30, 2015
Continued
UTB
ADJUSTMENT
Acct #
Account Names
Debit
Credit
Debit
Credit
Debit
101
Cash
$7,000
$7,000
126
Supplies
$16,000
128
Pre-paid insurance
$12,600
167
Equipment
$200,000
Accumulated. Depreciation
$14,000
201
Account payable
$6,800
Utilities payable
Wages payable
Rent Payable
PropertyTxPayable
Interest payable
251
Long-term notes payable
$30,000
301
Bonn, Equity
$86,900
302
Bonn, Withdrawals
$12,000
401
Demolition fees earned
$187,000
623
Wage expense
$41,400
633
Interest expense
$3,300
640
Rent expense
$13,200
683
Property tax expense
$9,700
684
Repairs expense
$4,700
690
Utilities expense
$4,800
Supply expense
Insurance expense
Depreciation expense
TOTALS
$324,700
$324,700
PART 3
Warnerwood Company
Column->
A
B
C
D
E
F
G
Date
Activities
# Units Buy
Cost/unit
#Units Sold
Price/unit
Cost GAS
Sales
1-Mar
BI
5-Mar
TI
9-Mar
TO
18-Mar
TI
25-Mar
TI
29-Mar
TO
TOTAL
Q1. Units in Available for Sales is BI + TI (Column B)=
Units (BI + TI) =
Q2. BI + TI - TO = EI=
820
minus
580
equals
240
Q3. FIFO
Q3. LIFO
Q3. Weighted Average
Weighted cost/unit=
Cost EI=
Q.4
Sales
COGS/Method
Gross Profit
Q4. FIFO
Q4. LIFO
Q4. WtAvg
Portfolio
Project Option 1 Student Template
Option #1
:
Venture Consultants, Power and Demolition Company, and Warnerwood
Accounting Cases
PART 1:
Venture Consultants
The month of March transactions
Date
Account
Names
Debit
Credit
1
-
Mar
2
-
Mar
3
-
Mar
6
-
Mar
9
-
Mar
12
-
Mar
19
-
Mar
22
-
Mar
25
-
Mar
29
-
Mar
30
-
Mar
.
Question 2The Trial Balance of the Hope, Faith and Cha.docxwraythallchan
Question 2
The Trial Balance of the Hope, Faith and Charity Company had accounts with the following normal balances: Cash $5,000, Service Revenue $85,000, Salaries and Wages Payable$4,000, Salaries and Wages Expense $40,000, Rent Expense $10,000, Owner’s Capital $42,000, Owner’s Drawings (Withdraws or Dividends) $15,000, Equipment $61,000. The total in the Trial Balance debit column should be:
$131,000.
$216,000.
$91,000.
$116,000.
Question 3
Webber earned $600 for the last week of September. He will be paid on October 2. The adjusting entry for Webber’s employer is:
A. No entry is required.
B. Debit Salary and Wages Expense; Credit Salaries and Wages Payable.
C. Debit Salaries and Wages Expense; Credit Cash.
D. Debit Salaries and Wages Payable; Credit Cash.
Question 4
In the unadjusted trial balance of its worksheet for the year ended December 31, 2016, Gellatin Corporation reported equipment of $120,000. The year-end adjusting entries require an adjustment of $12,000 for depreciation expense for the equipment. After the adjustment, the following adjusted amount should be reported.
A. A debit of $12,000 for Equipment in the balance sheet column.
B. A credit of $12,000 for Deprecation Expense-Equipment for the Income Statement Column.
C. A debit of $120,000 for Equipment in the balance sheet column.
D. A debit of $12,000 for Accumulated Depreciation-Equipment in the Balance Sheet Column.
Question 5
When Wild Bill Hickock Company purchased supplies worth $500, it incorrectly recorded a credit to Supplies for $5,000 and a debit to Cash for $5,000. Before correcting this error:
A. Cash is overstated and Supplies is overstated.
B. Cash is understated and Supplies is understated.
C. Cash is understated and Supplies is overstated.
D. Cash is overstated and Supplies is understated.
Question 8
The Dividends account
A. must show transactions every accounting period.
B. is increased with debits and decreased with credits.
C. is not a proper subdivision of retained earnings.
D. appears on the income statement along with the expenses of the business.
Question 23
Accrued revenues are
A earned and recorded as liabilities before they are received.
B earned but not yet received or recorded.
C received and recorded as liabilities before they are earned.
D earned and already received and recorded.
Problem #1
Prepare a trial balance.
The accounts in the ledger of Talbot Delivery Service contain the following balances on July 31, 2014.
Accounts Receivable
$10,642
Prepaid Insurance
$ 1,968
Accounts Payable
8,396
Maintenance and Repairs Expense
961
Cash
?
Service Revenue
10,610
Equipment
49,360
Dividends
700
Gasoline Expense
758
Common Stock
40,000
Utilities Expense
523
Salaries and Wages Expense
4,428
Notes Payable
26,450
Salaries and Wages Payable
815
Retained Earnings
4,636
Instructions
Prepare ...
Accounting for Business Major Assignment SP1 2015 Instructions.docxannetnash8266
Accounting for Business Major Assignment SP1 2015 Instructions
Due Date Thursday 7th May 2015 1.00pm Assignments must be submitted through the Turnitin link on the subject portal
Groups up to 3 students maximum are permitted.
Assignment must be in word format only.
All calculations and workings must be shown to receive any marks for each question
Do not include the question in your answers!
Question 1
Bill Smith has started a lawn mowing business (Bill’s Lawnmowing) as a temporary job/business which he intends to run until he starts his business degree at the University of South Australia in five months. Bill has never owned or run a business before. To start the business on 1 February 2014, he deposited $3,600 into a new bank account opened in the name of the business. The $3,600 consisted of a $3000 interest free loan from his Uncle (to be repaid in full over 2 years in equal amounts at the end of each month) and $600 of his own money. Bill rented some equipment, purchased supplies, and hired friends to mow and trim his customer’s lawns.
At the end of each month Bill sent invoices to his customers. On 30th June, he was ready to dissolve the business and start his university studies. As he was so busy, he kept few records other than his cheque book and a list of amounts owed to him by customers.
At 30 June, Bill’s business account cheque book shows a balance of $2,245, and his customers still owe him $750. During the period, he collected $5,800 from customers. His cheque book lists payments for supplies totalling $550, and he still has fuel and supplies that cost a total of $75 on hand. He paid his employees $3,200, and he still owes them $620 for their final week of work.
Bill rented some equipment from Kennard’s Hire. On 1 February, he signed a six-month rental agreement on lawnmowers and paid $1050 for the full period. Kennard’s Hire will refund the unused portion of the prepayment if the equipment is in good order when he returns it. In order to get the refund, Bill has kept the equipment in excellent condition. In fact during May paid $310 to repair one of the mowers.
To transport employees and equipment to jobs, Bill used a trailer that he bought for $780. He believes that the period’s work used up one-quarter of the trailer’s service potential. The business cheque book lists a payment of $660 for private cash withdrawals by Bill during the period, in addition he has a diary entry indicating that he also used $35 worth of fuel for his own vehicle.
Bill estimates that he spent approximately 45 hours working on the business during the period. He plans to recommence operations on a similar basis during major breaks in his university study and believes he will do better in later periods as he now has an existing customer base to work from.
Required
1. Prepare the business Income Statement for the period.
(9 marks)
2. Prepare the classified Balance Sheet at the end of the period.
(11.
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Scroll Down to See Details of the Questions Transactions for Mehta Company for the month of May are presented below. Prepare journal entries for each of these transactions. On July 1, 2014, Crowe Co. pays $15,000 to Zubin Insurance Co. for a 3-year insurance policy. Both companies have fiscal years ending December 31. For Crowe Co., journalize the entry on July 1 and the adjusting entry on December 31. Dresser Company’s weekly payroll, paid on Fridays, totals $8,000. Employees work a 5-day week. Prepare
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Scroll Down to See Details of the Questions
Transactions for Mehta Company for the month of May are presented below. Prepare journal entries for each of these transactions.
For more classes visit
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Scroll Down to See Details of the Questions
Transactions for Mehta Company for the month of May are presented below. Prepare journal entries for each of these transactions.
SOS Please please please help on this problem!!!!!!!!!!!!!!!!!!!!!! .pdfFOREVERPRODUCTCHD
SOS Please please please help on this problem!!!!!!!!!!!!!!!!!!!!!! :) Closing Entries and the
Postclosing Trial Balance 192 CHAPTER 6 Mini-Practice Set 1 Service Business Accounting
Cycle Eli\'s Consulting Services ing principles and This project will give you an opportunity to
apply your knowledge of accounting principles and procedures by handling all the accounting
work of Eli\'s Consulting Services for the month o January 2020. Assume that you are the chief
accountant for Eli\'s Consulting Services, During January, the busi ness will use the same types
of records and procedures that you learned about in Chapters 1 through 6. The chart of accounts
for Eli\'s Consulting Services has been expanded to include a few new accounts. Follow the
instructions to complete the accounting records for the month of January. INTRODUCTION
Eli\'s Consulting Services Chart of Accounts Revenue 401 Fees Income Assets 101 Cash 111
Accounts Receivable 121 Supplies 134 Prepaid Insurance 137 Prepaid Rent 141 Equipment 142
Accumulated Depreciation Equipment Liabilities 202 Accounts Payable Expenses 511 Salaries
Expense 514 Utilities Expense 517 Supplies Expense 520 Rent Expense 523 Depreciation
Expense-Equipment 526 Advertising Expense 529 Maintenance Expense 532 Telephone
Expense 535 Insurance Expense Owner\'s Equity 301 Trayton Eli, Capital 302 Trayton Eli,
Drawing 309 Income Summary INSTRUCTIONS 1. Open the general ledger accounts and enter
the balances for January 1, 2020. Obtain the necessary figures from the postclosing trial balance
prepared on December 31, 2019, which appears in Figure 6.3. 2. Analyze each transaction and
record it in the general journal. Use page 3 to begin January\'s transactions. 3. Post the
transactions to the general ledger accounts. 4. Prepare the Trial Balance section of the worksheet.
5. Prepare the Adjustments section of the worksheet. a. Compute and record the adjustment for
supplies used during the month. An inventory taken on January 31 showed supplies of $5,200 on
hand. b. Compute and record the adjustment for expired insurance for the month. c. Record the
adjustment for one month of expired rent of $4,000. d. Record the adjustment for depreciation of
$183 on the old equipment for the month. The first adjustment for depreciation for the new
equipment will be recorded in February, 6. Complete the worksheet. 7. Prepare an income
statement for the month. 8. Prepare a statement of owner\'s equity.
Solution
Journal Entries
Date
Account Title
Debit
Credit
2-Jan
Supplies
7000
Cash
7000
7-Jan
Cash
20000
Accounts receivable
5000
Fees Income
25000
2-Jan
Insurance expense
8400
Cash
8400
12-Jan
Cash
4000
Accounts receivable
4000
Advertising expense
3600
Cash
3600
Cash
20700
Accounts receivable
2300
Fees Income
23000
13-Jan
Cash
4500
Accounts receivable
4500
14-Jan
Cash
750
Supplies
750
20-Jan
Supplies
5000
Accounts Payable
5000
20-Jan
Cash
12500
Accounts receivable
3500
Fees Income
16000
20-Jan
Cash
5600
Accounts receivable
5600
21-Jan
Ma.
Week Two Exercise AssignmentRevenue and Expenses1. Recognition.docxalanfhall8953
Week Two Exercise Assignment
Revenue and Expenses
1. Recognition of concepts. Ron Carroll operates a small company that books entertainers for theaters, parties, conventions, and so forth. The company’s fiscal year ends on June 30. Consider the following items and classify each as either (1) prepaid expense, (2) unearned revenue, (3) accrued expense, (4) accrued revenue, or (5) none of the foregoing.
a. Amounts paid on June 30 for a 1-year insurance policy
b. Professional fees earned but not billed as of June 30
c. Repairs to the firm’s copy machine, incurred and paid in June
d. An advance payment from a client for a performance next month at a convention
e. The payment in part (d) from the client’s point of view
f. Interest owed on the company’s bank loan, to be paid in early July
g. The bank loan payable in part (f)
h. Office supplies on hand at year-end
2. Analysis of prepaid account balance. The following information relates to Action Sign Company for 20X2:
Insurance expense
$4,350
Prepaid insurance, December 31, 20X2
1,900
Cash outlays for insurance during 20X2
6,200
Compute the balance in the Prepaid Insurance account on January 1, 20X2.
3. Understanding the closing process. Examine the following list of accounts:
Interest Payable
Accumulated Depreciation: Equipment
Alex Kenzy, Drawing
Accounts Payable
Service Revenue
Cash
Accounts Receivable
Supplies Expense
Interest Expense
Which of the preceding accounts
a. appear on a post-closing trial balance?
b. are commonly known as temporary, or nominal, accounts?
c. generate a debit to Income Summary in the closing process?
d. are closed to the capital account in the closing process?
4. Adjusting entries and financial statements. The following information pertains to Fixation Enterprises:
· The company previously collected $1,500 as an advance payment for services to be rendered in the future. By the end of December, one third of this amount had been earned.
· Fixation provided $2,500 of services to Artech Corporation; no billing had been made by December 31.
· Salaries owed to employees at year-end amounted to $1,650.
· The Supplies account revealed a balance of $8,800, yet only $3,300 of supplies were actually on hand at the end of the period.
· The company paid $18,000 on October 1 of the current year to Vantage Property Management. The payment was for 6 months’ rent of Fixation’s headquarters, beginning on November 1.
Fixation’s accounting year ends on December 31.
Instructions
Analyze the five preceding cases individually and determine the following:
a. The type of adjusting entry needed at year-end (Use the following codes: A, adjustment of a prepaid expense; B, adjustment of an unearned revenue; C, adjustment to record an accrued expense; or D, adjustment to record an accrued revenue.)
b. The year-end journal entry to adjust the accounts
c. The income statement impact of each adjustment (e.g., increases total revenues by $500)
5. Adjus.
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Transactions for Mehta Company for the month of May are presented below. Prepare journal entries for each of these transactions.
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Transactions for Mehta Company for the month of May are presented below. Prepare journal entries for each of these transactions.
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Transactions for Mehta Company for the month of May are presented below. Prepare journal entries for each of these transactions.
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ACC 557 –
Homework 1: Chapters 1, 2, and 3
Due Week 2 and worth 95 points
Directions: Answer the following questions
in a separate Microsoft Word or Excel
document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link
in Blackboard
.
Exercises
E
1-11
.
Two items are omitted from each of the following summaries of balance sheet and income
s
tatement data for two corporations for the year 2015, Plunkett Co. and Herring
Enterprises.
Instructions
Determine the missing amounts.
E
2-9
.
Selected transactions from the journal of Kati Tillman, investment broker, are presented below.
Instructions
a)
Post the transactions to T-accounts.
b)
Prepare a trial balance at August 31, 2015.
E
2-11
.
Presented below is the ledger for Higgs Co.
Instructions
a)
Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20, and provide explanations for each.
b)
Determine the October 31 balance for each of the accounts above, and prepare a trial balance at October 31, 2015.
E
3-7.
The ledger of Perez Rental Agency on March 31 of the current year includes the selected accounts, shown below, before quarterly adjusting entries have been prepared.
An analysis of the accounts shows the following.
1.
The equipment depreciates $400 per month.
2.
One-third of the unearned rent revenue was earned during the quarter.
3.
Interest totaling $500 is accrued on the notes payable for the quarter.
4.
Supplies on hand total $900.
5.
Insurance expires at the rate of $200 per month.
Instructions
Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Additional accounts are Depreciation Expense, Insurance Expense, Interest Payable, and Supplies Expense.
E
3-11
.
A partial adjusted trial balance of
Gehring
Company at January 31, 2015, shows the following.
Instructions
Answer the following questions, assuming the year begins January 1.
a)
If the amount in Supplies Expense is the January 31 adjusting entry, and $1,000 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 one year, what was the total premium and when was the policy purchased?
c)
If $3,500 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2014?
Problems
P1-2A.
On August 31, the balance sheet of La Brava Veterinary Clinic showed Cash $9,000, Accounts Receivable $1,700, Supplies $600, Equipment $6,000, Accounts Payable $3,600, Common Stock $13,000, and Retained Earnings $700. During September, the following transactions occurred.
1.
Paid $2,900 cash for accounts payable due.
2.
Collected $1,300 of accounts receivable.
3.
Purchased additional equipment for $2,100, paying $800 in cash and the balance on account.
4.
Recogni.
Answer the following questions using full sentences. Where possible.docxnolanalgernon
Answer the following questions using full sentences. Where possible, always use a quotation.
1. Why does Juliet try to convince Romeo that it is still not day? How does Romeo convince her otherwise?
2. How do we know that Juliet is wondering about when she will see Romeo again?
3. What does the word ‘foreboding’ mean? Juliet has a moment of foreboding. What does she see?
4. Juliet says ‘And yet no man like he doth grieve my heart.’ What does Juliet mean when she says this line? What does Lady Capulet think she means?
5. What news does Lady Capulet bring Juliet and how does Juliet react?
.
Answer the following questions, after reading the three documents BE.docxnolanalgernon
Answer the following questions, after reading the three documents BELOW
What motivated settlers to face dangers and hardships to move west?
How important were the cattle industry and mining in fueling westward expansion?
How do these authors' experiences compare to the experiences of most settlers?
Lydia Allen Rudd, Diary of Westward Travel (1852)
May 6 1852
Left the Missouri river for our long journey across the wild uncultivated plains and unhabitated except by the red man. As we left the river bottom and ascended the bluffs the view from them was handsome! In front of us as far as vision could reach extended the green hills covered with fine grass. . . . Behind us lay the Missouri with its muddy water hurrying past as if in great haste to reach some destined point ahead all unheeding the impatient emigrants on the opposite shore at the ferrying which arrived faster than they could be conveyed over. About half a miles down the river lay a steamboat stuck fast on a sandbar. Still farther down lay the busy village of St. Joseph looking us a good bye and reminding us that we were leaving all signs of civilised life for the present. But with good courage and not one sigh of regret I mounted my pony (whose name by the way is Samy) and rode slowly on. In going some two miles, the scene changed from bright sunshine to drenching showers of rain this was not quite agreeable for in spite of our good blankets and intentions otherwise we got some wet. The rain detained us so that we have not made but ten miles today. . . .
May 7
I found myself this morning with a severe headache from the effects of yesterday's rain. . . .
There is a toll bridge across this stream kept by the Indians. The toll for our team in total was six bits. We have had some calls this evening from the Indians. We gave them something to eat and they left. Some of them [had] on no shirt only a blanket, whiles others were ornamented in Indian style with their faces painted in spots and stripes feathers and fur on their heads beeds on their neck brass rings on their wrists and arms and in their ears armed with rifles and spears.
May 8
. . . We have come about 12 miles and were obliged to camp in the open prairie without any wood. Mary and myself collected some dry weeds and grass and made a little fire and cooked some meat and the last of our supply of eggs with these and some hard bread with water we made our supper.
May 9
. . . We passed a new made grave today . . . a man from Ohio We also met a man that was going back: he had buried his Wife this morning She died from the effects of measels we have come ten miles today encamped on a small stream called Vermillion creek Wood and water plenty Their are as many as fifty waggons on this stream and some thousand head of stock It looks like a village the tents and waggons extend as much as a mile. . . .
Some are singing some talking and some laughing and the cattle are adding their mite by shaking their bells and grunt[ing]. Mosquit.
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Question 2The Trial Balance of the Hope, Faith and Cha.docxwraythallchan
Question 2
The Trial Balance of the Hope, Faith and Charity Company had accounts with the following normal balances: Cash $5,000, Service Revenue $85,000, Salaries and Wages Payable$4,000, Salaries and Wages Expense $40,000, Rent Expense $10,000, Owner’s Capital $42,000, Owner’s Drawings (Withdraws or Dividends) $15,000, Equipment $61,000. The total in the Trial Balance debit column should be:
$131,000.
$216,000.
$91,000.
$116,000.
Question 3
Webber earned $600 for the last week of September. He will be paid on October 2. The adjusting entry for Webber’s employer is:
A. No entry is required.
B. Debit Salary and Wages Expense; Credit Salaries and Wages Payable.
C. Debit Salaries and Wages Expense; Credit Cash.
D. Debit Salaries and Wages Payable; Credit Cash.
Question 4
In the unadjusted trial balance of its worksheet for the year ended December 31, 2016, Gellatin Corporation reported equipment of $120,000. The year-end adjusting entries require an adjustment of $12,000 for depreciation expense for the equipment. After the adjustment, the following adjusted amount should be reported.
A. A debit of $12,000 for Equipment in the balance sheet column.
B. A credit of $12,000 for Deprecation Expense-Equipment for the Income Statement Column.
C. A debit of $120,000 for Equipment in the balance sheet column.
D. A debit of $12,000 for Accumulated Depreciation-Equipment in the Balance Sheet Column.
Question 5
When Wild Bill Hickock Company purchased supplies worth $500, it incorrectly recorded a credit to Supplies for $5,000 and a debit to Cash for $5,000. Before correcting this error:
A. Cash is overstated and Supplies is overstated.
B. Cash is understated and Supplies is understated.
C. Cash is understated and Supplies is overstated.
D. Cash is overstated and Supplies is understated.
Question 8
The Dividends account
A. must show transactions every accounting period.
B. is increased with debits and decreased with credits.
C. is not a proper subdivision of retained earnings.
D. appears on the income statement along with the expenses of the business.
Question 23
Accrued revenues are
A earned and recorded as liabilities before they are received.
B earned but not yet received or recorded.
C received and recorded as liabilities before they are earned.
D earned and already received and recorded.
Problem #1
Prepare a trial balance.
The accounts in the ledger of Talbot Delivery Service contain the following balances on July 31, 2014.
Accounts Receivable
$10,642
Prepaid Insurance
$ 1,968
Accounts Payable
8,396
Maintenance and Repairs Expense
961
Cash
?
Service Revenue
10,610
Equipment
49,360
Dividends
700
Gasoline Expense
758
Common Stock
40,000
Utilities Expense
523
Salaries and Wages Expense
4,428
Notes Payable
26,450
Salaries and Wages Payable
815
Retained Earnings
4,636
Instructions
Prepare ...
Accounting for Business Major Assignment SP1 2015 Instructions.docxannetnash8266
Accounting for Business Major Assignment SP1 2015 Instructions
Due Date Thursday 7th May 2015 1.00pm Assignments must be submitted through the Turnitin link on the subject portal
Groups up to 3 students maximum are permitted.
Assignment must be in word format only.
All calculations and workings must be shown to receive any marks for each question
Do not include the question in your answers!
Question 1
Bill Smith has started a lawn mowing business (Bill’s Lawnmowing) as a temporary job/business which he intends to run until he starts his business degree at the University of South Australia in five months. Bill has never owned or run a business before. To start the business on 1 February 2014, he deposited $3,600 into a new bank account opened in the name of the business. The $3,600 consisted of a $3000 interest free loan from his Uncle (to be repaid in full over 2 years in equal amounts at the end of each month) and $600 of his own money. Bill rented some equipment, purchased supplies, and hired friends to mow and trim his customer’s lawns.
At the end of each month Bill sent invoices to his customers. On 30th June, he was ready to dissolve the business and start his university studies. As he was so busy, he kept few records other than his cheque book and a list of amounts owed to him by customers.
At 30 June, Bill’s business account cheque book shows a balance of $2,245, and his customers still owe him $750. During the period, he collected $5,800 from customers. His cheque book lists payments for supplies totalling $550, and he still has fuel and supplies that cost a total of $75 on hand. He paid his employees $3,200, and he still owes them $620 for their final week of work.
Bill rented some equipment from Kennard’s Hire. On 1 February, he signed a six-month rental agreement on lawnmowers and paid $1050 for the full period. Kennard’s Hire will refund the unused portion of the prepayment if the equipment is in good order when he returns it. In order to get the refund, Bill has kept the equipment in excellent condition. In fact during May paid $310 to repair one of the mowers.
To transport employees and equipment to jobs, Bill used a trailer that he bought for $780. He believes that the period’s work used up one-quarter of the trailer’s service potential. The business cheque book lists a payment of $660 for private cash withdrawals by Bill during the period, in addition he has a diary entry indicating that he also used $35 worth of fuel for his own vehicle.
Bill estimates that he spent approximately 45 hours working on the business during the period. He plans to recommence operations on a similar basis during major breaks in his university study and believes he will do better in later periods as he now has an existing customer base to work from.
Required
1. Prepare the business Income Statement for the period.
(9 marks)
2. Prepare the classified Balance Sheet at the end of the period.
(11.
FOR MORE CLASSES VISIT
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Scroll Down to See Details of the Questions Transactions for Mehta Company for the month of May are presented below. Prepare journal entries for each of these transactions. On July 1, 2014, Crowe Co. pays $15,000 to Zubin Insurance Co. for a 3-year insurance policy. Both companies have fiscal years ending December 31. For Crowe Co., journalize the entry on July 1 and the adjusting entry on December 31. Dresser Company’s weekly payroll, paid on Fridays, totals $8,000. Employees work a 5-day week. Prepare
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Transactions for Mehta Company for the month of May are presented below. Prepare journal entries for each of these transactions.
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Transactions for Mehta Company for the month of May are presented below. Prepare journal entries for each of these transactions.
SOS Please please please help on this problem!!!!!!!!!!!!!!!!!!!!!! .pdfFOREVERPRODUCTCHD
SOS Please please please help on this problem!!!!!!!!!!!!!!!!!!!!!! :) Closing Entries and the
Postclosing Trial Balance 192 CHAPTER 6 Mini-Practice Set 1 Service Business Accounting
Cycle Eli\'s Consulting Services ing principles and This project will give you an opportunity to
apply your knowledge of accounting principles and procedures by handling all the accounting
work of Eli\'s Consulting Services for the month o January 2020. Assume that you are the chief
accountant for Eli\'s Consulting Services, During January, the busi ness will use the same types
of records and procedures that you learned about in Chapters 1 through 6. The chart of accounts
for Eli\'s Consulting Services has been expanded to include a few new accounts. Follow the
instructions to complete the accounting records for the month of January. INTRODUCTION
Eli\'s Consulting Services Chart of Accounts Revenue 401 Fees Income Assets 101 Cash 111
Accounts Receivable 121 Supplies 134 Prepaid Insurance 137 Prepaid Rent 141 Equipment 142
Accumulated Depreciation Equipment Liabilities 202 Accounts Payable Expenses 511 Salaries
Expense 514 Utilities Expense 517 Supplies Expense 520 Rent Expense 523 Depreciation
Expense-Equipment 526 Advertising Expense 529 Maintenance Expense 532 Telephone
Expense 535 Insurance Expense Owner\'s Equity 301 Trayton Eli, Capital 302 Trayton Eli,
Drawing 309 Income Summary INSTRUCTIONS 1. Open the general ledger accounts and enter
the balances for January 1, 2020. Obtain the necessary figures from the postclosing trial balance
prepared on December 31, 2019, which appears in Figure 6.3. 2. Analyze each transaction and
record it in the general journal. Use page 3 to begin January\'s transactions. 3. Post the
transactions to the general ledger accounts. 4. Prepare the Trial Balance section of the worksheet.
5. Prepare the Adjustments section of the worksheet. a. Compute and record the adjustment for
supplies used during the month. An inventory taken on January 31 showed supplies of $5,200 on
hand. b. Compute and record the adjustment for expired insurance for the month. c. Record the
adjustment for one month of expired rent of $4,000. d. Record the adjustment for depreciation of
$183 on the old equipment for the month. The first adjustment for depreciation for the new
equipment will be recorded in February, 6. Complete the worksheet. 7. Prepare an income
statement for the month. 8. Prepare a statement of owner\'s equity.
Solution
Journal Entries
Date
Account Title
Debit
Credit
2-Jan
Supplies
7000
Cash
7000
7-Jan
Cash
20000
Accounts receivable
5000
Fees Income
25000
2-Jan
Insurance expense
8400
Cash
8400
12-Jan
Cash
4000
Accounts receivable
4000
Advertising expense
3600
Cash
3600
Cash
20700
Accounts receivable
2300
Fees Income
23000
13-Jan
Cash
4500
Accounts receivable
4500
14-Jan
Cash
750
Supplies
750
20-Jan
Supplies
5000
Accounts Payable
5000
20-Jan
Cash
12500
Accounts receivable
3500
Fees Income
16000
20-Jan
Cash
5600
Accounts receivable
5600
21-Jan
Ma.
Week Two Exercise AssignmentRevenue and Expenses1. Recognition.docxalanfhall8953
Week Two Exercise Assignment
Revenue and Expenses
1. Recognition of concepts. Ron Carroll operates a small company that books entertainers for theaters, parties, conventions, and so forth. The company’s fiscal year ends on June 30. Consider the following items and classify each as either (1) prepaid expense, (2) unearned revenue, (3) accrued expense, (4) accrued revenue, or (5) none of the foregoing.
a. Amounts paid on June 30 for a 1-year insurance policy
b. Professional fees earned but not billed as of June 30
c. Repairs to the firm’s copy machine, incurred and paid in June
d. An advance payment from a client for a performance next month at a convention
e. The payment in part (d) from the client’s point of view
f. Interest owed on the company’s bank loan, to be paid in early July
g. The bank loan payable in part (f)
h. Office supplies on hand at year-end
2. Analysis of prepaid account balance. The following information relates to Action Sign Company for 20X2:
Insurance expense
$4,350
Prepaid insurance, December 31, 20X2
1,900
Cash outlays for insurance during 20X2
6,200
Compute the balance in the Prepaid Insurance account on January 1, 20X2.
3. Understanding the closing process. Examine the following list of accounts:
Interest Payable
Accumulated Depreciation: Equipment
Alex Kenzy, Drawing
Accounts Payable
Service Revenue
Cash
Accounts Receivable
Supplies Expense
Interest Expense
Which of the preceding accounts
a. appear on a post-closing trial balance?
b. are commonly known as temporary, or nominal, accounts?
c. generate a debit to Income Summary in the closing process?
d. are closed to the capital account in the closing process?
4. Adjusting entries and financial statements. The following information pertains to Fixation Enterprises:
· The company previously collected $1,500 as an advance payment for services to be rendered in the future. By the end of December, one third of this amount had been earned.
· Fixation provided $2,500 of services to Artech Corporation; no billing had been made by December 31.
· Salaries owed to employees at year-end amounted to $1,650.
· The Supplies account revealed a balance of $8,800, yet only $3,300 of supplies were actually on hand at the end of the period.
· The company paid $18,000 on October 1 of the current year to Vantage Property Management. The payment was for 6 months’ rent of Fixation’s headquarters, beginning on November 1.
Fixation’s accounting year ends on December 31.
Instructions
Analyze the five preceding cases individually and determine the following:
a. The type of adjusting entry needed at year-end (Use the following codes: A, adjustment of a prepaid expense; B, adjustment of an unearned revenue; C, adjustment to record an accrued expense; or D, adjustment to record an accrued revenue.)
b. The year-end journal entry to adjust the accounts
c. The income statement impact of each adjustment (e.g., increases total revenues by $500)
5. Adjus.
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Transactions for Mehta Company for the month of May are presented below. Prepare journal entries for each of these transactions.
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Transactions for Mehta Company for the month of May are presented below. Prepare journal entries for each of these transactions.
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Transactions for Mehta Company for the month of May are presented below. Prepare journal entries for each of these transactions.
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ACC 557 –
Homework 1: Chapters 1, 2, and 3
Due Week 2 and worth 95 points
Directions: Answer the following questions
in a separate Microsoft Word or Excel
document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link
in Blackboard
.
Exercises
E
1-11
.
Two items are omitted from each of the following summaries of balance sheet and income
s
tatement data for two corporations for the year 2015, Plunkett Co. and Herring
Enterprises.
Instructions
Determine the missing amounts.
E
2-9
.
Selected transactions from the journal of Kati Tillman, investment broker, are presented below.
Instructions
a)
Post the transactions to T-accounts.
b)
Prepare a trial balance at August 31, 2015.
E
2-11
.
Presented below is the ledger for Higgs Co.
Instructions
a)
Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20, and provide explanations for each.
b)
Determine the October 31 balance for each of the accounts above, and prepare a trial balance at October 31, 2015.
E
3-7.
The ledger of Perez Rental Agency on March 31 of the current year includes the selected accounts, shown below, before quarterly adjusting entries have been prepared.
An analysis of the accounts shows the following.
1.
The equipment depreciates $400 per month.
2.
One-third of the unearned rent revenue was earned during the quarter.
3.
Interest totaling $500 is accrued on the notes payable for the quarter.
4.
Supplies on hand total $900.
5.
Insurance expires at the rate of $200 per month.
Instructions
Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Additional accounts are Depreciation Expense, Insurance Expense, Interest Payable, and Supplies Expense.
E
3-11
.
A partial adjusted trial balance of
Gehring
Company at January 31, 2015, shows the following.
Instructions
Answer the following questions, assuming the year begins January 1.
a)
If the amount in Supplies Expense is the January 31 adjusting entry, and $1,000 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 one year, what was the total premium and when was the policy purchased?
c)
If $3,500 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2014?
Problems
P1-2A.
On August 31, the balance sheet of La Brava Veterinary Clinic showed Cash $9,000, Accounts Receivable $1,700, Supplies $600, Equipment $6,000, Accounts Payable $3,600, Common Stock $13,000, and Retained Earnings $700. During September, the following transactions occurred.
1.
Paid $2,900 cash for accounts payable due.
2.
Collected $1,300 of accounts receivable.
3.
Purchased additional equipment for $2,100, paying $800 in cash and the balance on account.
4.
Recogni.
Answer the following questions using full sentences. Where possible.docxnolanalgernon
Answer the following questions using full sentences. Where possible, always use a quotation.
1. Why does Juliet try to convince Romeo that it is still not day? How does Romeo convince her otherwise?
2. How do we know that Juliet is wondering about when she will see Romeo again?
3. What does the word ‘foreboding’ mean? Juliet has a moment of foreboding. What does she see?
4. Juliet says ‘And yet no man like he doth grieve my heart.’ What does Juliet mean when she says this line? What does Lady Capulet think she means?
5. What news does Lady Capulet bring Juliet and how does Juliet react?
.
Answer the following questions, after reading the three documents BE.docxnolanalgernon
Answer the following questions, after reading the three documents BELOW
What motivated settlers to face dangers and hardships to move west?
How important were the cattle industry and mining in fueling westward expansion?
How do these authors' experiences compare to the experiences of most settlers?
Lydia Allen Rudd, Diary of Westward Travel (1852)
May 6 1852
Left the Missouri river for our long journey across the wild uncultivated plains and unhabitated except by the red man. As we left the river bottom and ascended the bluffs the view from them was handsome! In front of us as far as vision could reach extended the green hills covered with fine grass. . . . Behind us lay the Missouri with its muddy water hurrying past as if in great haste to reach some destined point ahead all unheeding the impatient emigrants on the opposite shore at the ferrying which arrived faster than they could be conveyed over. About half a miles down the river lay a steamboat stuck fast on a sandbar. Still farther down lay the busy village of St. Joseph looking us a good bye and reminding us that we were leaving all signs of civilised life for the present. But with good courage and not one sigh of regret I mounted my pony (whose name by the way is Samy) and rode slowly on. In going some two miles, the scene changed from bright sunshine to drenching showers of rain this was not quite agreeable for in spite of our good blankets and intentions otherwise we got some wet. The rain detained us so that we have not made but ten miles today. . . .
May 7
I found myself this morning with a severe headache from the effects of yesterday's rain. . . .
There is a toll bridge across this stream kept by the Indians. The toll for our team in total was six bits. We have had some calls this evening from the Indians. We gave them something to eat and they left. Some of them [had] on no shirt only a blanket, whiles others were ornamented in Indian style with their faces painted in spots and stripes feathers and fur on their heads beeds on their neck brass rings on their wrists and arms and in their ears armed with rifles and spears.
May 8
. . . We have come about 12 miles and were obliged to camp in the open prairie without any wood. Mary and myself collected some dry weeds and grass and made a little fire and cooked some meat and the last of our supply of eggs with these and some hard bread with water we made our supper.
May 9
. . . We passed a new made grave today . . . a man from Ohio We also met a man that was going back: he had buried his Wife this morning She died from the effects of measels we have come ten miles today encamped on a small stream called Vermillion creek Wood and water plenty Their are as many as fifty waggons on this stream and some thousand head of stock It looks like a village the tents and waggons extend as much as a mile. . . .
Some are singing some talking and some laughing and the cattle are adding their mite by shaking their bells and grunt[ing]. Mosquit.
Answer the following questions regarding the passage below1. Bas.docxnolanalgernon
Answer the following questions regarding the passage below
1. Based on everything you’ve read, create a mission statement for Strictly Solar. Prepare a short justification for Mr. Jones.
2. Next, develop a minimum of two corporate objectives based on the information found in the case. You may very well be able to develop 3 or more.
3. While Strictly Solar is a very new company, there are some factors that can be analyzed within this framework. Discuss those factors in the context of the information provided (from the Strictly Solar case background)
4. Identify the specific strengths and weaknesses, as well as the potential causes (e.g., the types of resources that are available).
5. Based on this limited information, what strengths may form the basis of capabilities?
6. Now, switch gears. Think about the unique fabric and its patented solar ability. For what types of products and industries would the SOLAR aspect allow a manufactor to change the value curve? In other words, by adding the solar feature, what other product features could be eliminated, reduced, or expanded beyond the creation of the solar aspect to add value to the product, and appeal to an entirely new group of customers?
Strictly Solar
Mr. Robert Jones - NASA
An accomplished problem-solver, Mr. Jones formerly worked at NASA as an engineer in various capacities. He earned dual doctorates in mechanical engineering and astrophysics from prestigious institutions and continued his education by attending various academic and professional conferences.
Mr. Jones has a reputation as a fair, highly principled man, who has strong ethical values that guide his personal and work behavior. He was so deeply affected by the 1986 Challenger Space Shuttle disaster that he asked for a transfer to the Space Shuttle program after the devastating incident. His personal goal was to ensure that nothing like that could ever happen again.
The vast majority of his co-workers and supervisors found Mr. Jones to be easy to get along with and quite charismatic and persuasive for an engineer. He seemed to have an innate ability to talk others into doing things they originally did not want to do. Even more amazingly, people seem to be happier for having done what Mr. Jones asked after the activity or task is complete. NASA was so impressed with his people skills that they encouraged him to pursue an MBA at the University of Houston and paid for his education. After earning his degree, Mr. Jones received a promotion to Department head, where he successfully managed over 80 engineers for several years. Later promotions with greater responsibility occurred over the years, and he ultimately joined the senior management team. Mr. Jones retired from NASA in December of 2017 after more than 38 years of service.
Mr. Robert Jones - Entrepreneur
Mr. Jones was widowed early in life and as a result, spent the majority of his free time in his massive personal workshop. Mr. Jones currently holds over 5.
Answer the following questions with 50- to 100-word responses. P.docxnolanalgernon
Answer the following questions with 50- to 100-word responses.
Prepare to discuss your answers.
1.
What are the core assumptions of the biopsychological approach?
2.
What historical disciplines converge to create biological psychology?
3.
What
are some of the earliest examples of a biological approach to studying behavior?
4.
What are some examples of modern careers that have resulted from studying biological psychology?
Include an overview of the careers.
5.
How is biological psychology viewed by other professionals in psychology today?
.
Answer the following questions in three well-developed paragraph.docxnolanalgernon
Answer the following questions in three well-developed paragraphs (450- 500 words) using APA formatting, integrating two evidence-based resources to include clinical practice guidelines as well as the course textbook.
Topic: Heart Failure
ML is a retired registered nurse (RN) who has been given the diagnosis of Stage A heart failure. She knows from her RN education that she will definitely be placed on digoxin as a therapy. She remembers something about halos as something to be attuned to.
Explain the pathophysiology of Stage A heart failure.
What is the rational drug choice for treatment of this individual?
Address the patient’s concern about halos should digoxin be prescribed.
Are there gender considerations related to medication treatment in this scenario? If so, what are they? For example, do men and women differ in their side effect profile and/or complications (for instance, from digoxin)?
Discuss monitoring of the pharmacological agent(s) selected.
RUBRIC:
ote:
Scholarly resources are defined as evidence-based practice, peer-reviewed journals; textbook (do not rely solely on your textbook as a reference); and National Standard Guidelines. Review assignment instructions, as this will provide any additional requirements that are not specifically listed on the rubric.
Note:
The value of each of the criterion on this rubric represents a point range.
(example: 17-0 points)
Discussion Question Rubric – 100 PointsCriteriaExemplary
Exceeds ExpectationsAdvanced
Meets ExpectationsIntermediate
Needs ImprovementNovice
InadequateTotal PointsQuality of Initial PostProvides clear examples supported by course content and references.
Cites three or more references, using at least one new scholarly resource that was not provided in the course materials.
All instruction requirements noted.
40 points
Components are accurate and thoroughly represented, with explanations and application of knowledge to include evidence-based practice, ethics, theory, and/or role. Synthesizes course content using course materials and scholarly resources to support importantpoints.
Meets all requirements within the discussion instructions.
Cites two references.
35 points
Components are accurate and mostly represented primarily with definitions and summarization. Ideas may be overstated, with minimal contribution to the subject matter. Minimal application to evidence-based practice, theory, or role development. Synthesis of course content is present but missing depth and/or development.
Is missing one component/requirement of the discussion instructions.
Cites one reference, or references do not clearly support content.
Most instruction requirements are noted.
31 points
Absent application to evidence-based practice, theory, or role development. Synthesis of course content is superficial.
Demonstrates incomplete understanding of content and/or inadequate preparation.
No references cited.
Missing several instruction requirements..
Answer the following questions using ONLY your assigned readings. .docxnolanalgernon
Answer the following questions using ONLY your assigned readings. Do not employ other sources or retrieve information from the internet. To do so will be considered plagiarism and subject to disciplinary action.
Type using 12” font, black ink, Times Roman if possible. Paginate and begin each question on a new page. Spell check and proof your work.
1. It is argued that we are experiencing the “Age of Mass Incarceration” in the U.S. today. For example, your readings show sentencing (not crime rates) in China are 1/4th the rate of the U.S. and that this is a result of encroaching corporatism and militarism of the State.
Explain how your text explains the above as a product of the increasing and inevitable “irrationality of capitalism.”
2. Why are bureaucracies, according to Sociologists, antithetical to democracy? How did their growth, according to Weber and others, affect the demise of capitalism predicted by Marx and others? What does your text argue has been the result?
Answer in your own words to the best of your ability. You may use and cite readings and chapters assigned during the course.
Learning Resources /Links
In this module we explore the differences between philosophical and sociological approaches to the question, "What is the relationship between the individual and society?" In doing so, we summarize the three theoretical frameworks sociologists typically have used to respond to this question. We then review four recent developments that challenge these established perspectives, developments that are explored in greater detail in subsequent modules.
Throughout this module, we summarize several terms used in our analysis. The module closes with an overview of the key questions we will consider throughout the semester's readings.
Module 1
Read this for an introduction to the principles of macrosociology.
Principles of Macrosociology
This reading discusses how social scientists analyze religion in terms of what it does for the individual, community, or society.
http://www.sociologyguide.com/religion/social-functions-and-dysfunctions-of-religion.php
This article talks about the allegation that some clergy are suspected of helping those causing unrest in the Ukraine.
http://www.nytimes.com/2014/09/07/world/europe/evidence-grows-of-russian-orthodox-clergys-aiding-ukraine-rebels.html?_r=0
This chapter discusses how material factors such as population change, technology, division of labor, and the environment give rise to and subsequently affect the course of sociocultural systems.
Chapter 2: Materialism in Macrosociology
This article discusses the Kingdom of Saudi Arabia and its history and ethnic relations, architecture, food, economy, and political life. Pay particular attention to the section gender roles and statuses.
http://www.everyculture.com/Sa-Th/Saudi-Arabia.html
A report that presents labor market and economic opportunities for both men and women. The report touches on significant progress towards gende.
answer the following questions thoroughly and provide justification.docxnolanalgernon
answer the following questions thoroughly and provide justification/support. The more complete and detailed your answers for these questions, the better prepared you are to successfully write your final paper.
Please submit your answers as a single 4- to 6-page document as a numbered list; this will ensure you do not inadvertently miss a question.
What is your research question?
Are adolescent girl’s body images influenced by the media?
What is your hypothesis or hypotheses? What is the null hypothesis?
How many participants would you like to use and why? What are the inclusion characteristics, i.e., what must they have in order to be included in your study (for example, gender, diagnosis, age, personality traits, etc.)? Are there any exclusion characteristics, i.e. are there certain characteristics that would exclude them from being in your study? Does the sample need to be diverse? Why or why not?
What sampling technique will be used to collect your sample? What population does your sample generalize to?
What are the variables in your study?
HINT:
Refer back to your hypothesis or hypotheses.
Provide operational definitions for each variable.
How will you measure each variable? Discuss the reliability and validity of these measures in general terms.
What technique will be used for data collection (e.g., observation, survey, interview, archival, etc.)?
What type of research design is being used?
Briefly discuss the procedure that would be followed when conducting the research.
What are some
POTENTIAL
ethical issues? How might they be addressed?
Assignment 2 Grading Criteria
Maximum Points
Explanation and justification of research question.
12
Presentation of hypothesis and null hypothesis.
16
Analysis of participants exclusion/inclusion factors.
16
Explanation of sampling technique and characterization of population that sample generalized.
12
Identification of study's variables.
12
Operational definitions for each variable are defined.
16
Development of methods to measure each variable, and the reliability and validity of these measures are evaluated.
16
Description of technique(s) used for data collection.
12
Description of the research design being used.
12
Identification of the research procedure.
12
Prediction of POTENTIAL ethical issues; POTENTIAL ethical issues are evaluated in terms of how they would be addressed.
20
Organization:
Introduction
Thesis
Transitions
Conclusion
12
Usage and Mechanics:
Grammar
Spelling
Sentence Structure
12
APA Elements:
Attribution
Paraphrasing
Quotations
16
Style:
Audience
Word Choice
4
Total:
200
.
Answer the following questions in paragraph form (2 pagesDouble.docxnolanalgernon
Answer the following questions in paragraph form (2 pages/Double Spaced). Consider in your answer the
Saint Leo
Core Values of Respect, Community, and Responsible Stewardship
1.
How did European trade goods affect Native Americans’ lives? Was the
acquisition of these trade goods worth Native Americans’ changing their
lifestyles?
2.
What goods or devices in modern society have we adopted in modern society that have made our lives easier, but have also caused harm to ourselves or to our environment?
.
Answer the following questions in elaborate paragraph form. .docxnolanalgernon
Answer the following questions in elaborate paragraph form.
1. What are your top three (3) sources of motivation in life? Analyze what type of motivation each one of them is.
2. If you had to choose to live with only one of the senses studied in class, which one would you choose and why?
.
Answer the following questions in the paperWhy was Freud’s wo.docxnolanalgernon
Answer
the following questions in the paper:
Why was Freud’s work so influential?
How did the analysts that followed Freud dissent from his viewpoint?
What links the theorists in the psychoanalytic theory group?
What are three or more psychoanalytic concepts that are relevant to today’s culture? Explain their relevance and provide an example of each.
.
Answer the following questions in a two page word document. Remembe.docxnolanalgernon
Answer the following questions in a two page word document. Remember to cite your sources including the textbook.
1. Under which circumstances, if any, should a person be required to take psychotherapeutic drugs?
2. Should individuals have the right to act as they wish if they do not represent a danger to themselves or others?
.
Answer the following questions in a cohesive and comprehensive e.docxnolanalgernon
Answer the following questions in a cohesive and comprehensive essay.
What is the difference between the “DELETE” and “TRUNCATE” commands?
What is the difference between the “WHERE” clause and the “HAVING” clause?
What is the difference between “Primary Key” and “Unique Key”?
Click the link above to submit your completed assignment.
Requirements:
A minimum of 350 words.
Use APA format.
Times New Roman 12 pt font, double spaced with 1" margins.
.
Answer the following questions based on Chapter 5 of Tuten, T. L. & .docxnolanalgernon
Answer the following questions based on Chapter 5 of Tuten, T. L. & Solomon, M. R. (2018).
Social Media Marketing
(3rd ed.):
What are social media tactics?
Why should a social media strategy be based on an experience? Describe a social media brand experience that you found engaging. What characteristics of the experience made it effective?
Describe four tactics marketers use to achieve experience strategies and note the related zone(s) of social media.
Why should brands develop hygiene, hub, and hero content?
What are the components of a content strategy document? How is this different from a content calendar?
What are the benefits of a defined social media workflow?
Answer the questions based on Chapter 5 of Van Dijck, J. (2013).
The Culture of Connectivity: A critical history of social media.
(1st ed.). Oxford University Press.
Briefly discuss the technological infrastructure of Flickr and what were its major concerns?
What type of users were attracted to Flickr and what was their main usage of the site?
Compare and contrast the sharing and trending concept of Flickr to Facebook and Twitter. Do you think Flickr would be in the same ranks as Facebook and Twitter if it had the same sharing and trending concept as these two platforms?
What type of content did Flickr store in its database and what type of users were attracted to this content?
Name and briefly discuss one of the struggles of Flickr's ownership structure.
What was the main problem of Flickr's governance?
What kind of business model did Flickr embrace and why did this model prove to be ineffective?
What do you think is the most important lesson learned from Flickr's demise?
.
Answer the following questions about psychosocial development in chi.docxnolanalgernon
Answer the following questions about psychosocial development in childhood:
A. What are the foundations of psychosocial development in childhood?
B. How do trust and attachment develop in childhood?
C. How does the sense of self emerge in childhood?
D. How does self-esteem develop in childhood?
E. How do you develop sociability with other children in infancy?
F. What constitutes child abuse, and what are its long-term effects?
.
Answer the following question. My orgenization is Wells FargoI.docxnolanalgernon
Answer the following question. My orgenization is Wells Fargo
Is the flow of information organized properly in your organization?
-Would the TRAF system benefit you and other managers in your organization?
-Do you prioritize your activities well
-Are you involved in cross functional team building?
-Have you ever used PERT or Critical Path analysis
.
Answer the following questions 150 words or so for each. References.docxnolanalgernon
Answer the following questions: 150 words or so for each. References required if used. I have access to sites that detect plagarism.
What is performance?
What is performance technology?
Briefly describe the business logics model.
What does it mean to adopt an investment perspective?
Briefly describe what can result in enhanced financial performance.
.
Answer the following question in a well-developed paragraph. Includ.docxnolanalgernon
Answer the following question in a well-developed paragraph. Include a passage from the story to support your answer.
Dee and Mama both believe that they are honoring their African American heritage in the most authentic way, Mama by being realistic about her life and situation and using the things in her home as they were meant to be used, and Dee by treating her past as if it were over and creating a more deeply African aesthetic. Which of these two women do you think is honoring her heritage better? Why?
.
ANSWER THE FOLLOWING QUESTION1. Describe at least four of th.docxnolanalgernon
ANSWER THE FOLLOWING QUESTION
1. Describe at least four of the major characteristics common to all of the Jovian planets.
2. What is the most profound feature of Io? Europa?
3. What are Trojan asteroids? Where are they located, and why are they where they are?
4.Compare and contrast the shape, location, and content of the Oort Cloud and the Kuiper Belt?
5. Describe the structure of a comet, and the matter from which it is made.
.
Answer the following question from the text book attached below..docxnolanalgernon
Answer the following question from the text book attached below. Refer following documents and answer below 4 questions. Answer should be 4-5 pages. include APA style references.
The Questions:
1.List and describe the required tools needed for an effective assessment. What are some common mistakes and errors that occur when preparing for a security assessment?
2.Describe in depth the role in which organizational risk tolerance plays in relation to systems under assessment.
3.Identify and describe what threat agents should be avoided in preparation for an assessment. How do we effectively screen out irrelevant threats and attacks in this preparation?
4.Identify when to use architecture representation diagrams and communication flows. Define and illustrate when decomposing of architecture would be used. Provide an example of architecture risk assessment and threat modeling?
.
Answer the following in 200 to 300 words and provide an example th.docxnolanalgernon
Answer
the following in 200 to 300 words and provide an example that illustrates your answer for each question.
How does society confirm prejudicial attitudes?
How does one’s social identity contribute to prejudice?
How do emotions encourage prejudicial attitudes?
What cognitive processes influence prejudice?
.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
ANSWER ALL QUESTIONS IN FIELD READ CAREFULLY PLEASE LABEL EACH QU.docx
1. ANSWER ALL QUESTIONS IN FIELD: READ CAREFULLY
PLEASE LABEL EACH QUESTION
Question 1
Classifying Accounts
Balances for each of the following accounts appear in an
adjusted trial balance. Identify each as an asset, liability,
revenue, or expense.
1. Accounts Receivable
2. Equipment
3. Fees Earned
4. Insurance Expense
5. Land
6. Prepaid Rent
7. Rent Revenue
8. Salary Expense
9. Salary Payable
10. Supplies
11. Unearned Rent
12. Wages Payable
Question 2
2. Financial Statements from the End-of-Period Spreadsheet
Elliptical Consulting is a consulting firm owned and operated
by Jayson Neese. The following end-of-period spreadsheet was
prepared for the year ended June 30, 2019:
Elliptical Consulting
End-of-Period Spreadsheet
For the Year Ended June 30, 2019
Unadjusted
Adjusted
Trial Balance
Adjustments
Trial Balance
Account Title
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
7. For the Year Ended June 30, 2019
$
Expenses:
$
Total expenses
$
Based on the preceding spreadsheet, prepare a statement of
owner's equity for Elliptical Consulting.
Elliptical Consulting
Statement of Owner's Equity
For the Year Ended June 30, 2019
$
$
8. $
Based on the preceding spreadsheet, prepare a balance sheet for
Elliptical Consulting.
Elliptical Consulting
Balance Sheet
June 30, 2019
Assets
Current assets:
$
Total current assets
$
Property, plant, and equipment:
$
9. Total property, plant, and equipment
Total assets
$
Liabilities
Current liabilities:
$
Total liabilities
$
Owner's Equity
Total liabilities and owner's equity
$
Question 3:
Income Statement; Net Loss
The following revenue and expense account balances were taken
from the ledger of Wholistic Health Services Co. after the
accounts had been adjusted on February 28, 2019, the end of
10. the fiscal year:
Depreciation Expense
$7,500
Insurance Expense
3,000
Miscellaneous Expense
8,150
Rent Expense
54,000
Service Revenue
448,400
Supplies Expense
2,750
Utilities Expense
33,900
Wages Expense
360,000
Prepare an income statement. Use a minus sign to indicate a net
loss.
Wholistic Health Services Co.
Income Statement
For the Year Ended February 28, 2019
$
Expenses:
$
11. Total expenses
Question 4:
Statement of Owner's Equity
Apex Systems Co. offers its services to residents in the Seattle
area. Selected accounts from the ledger of Apex Systems Co. for
the fiscal yearended December 31, 2019, are as follows:
Bart Nesbit, Capital
Bart Nesbit, Drawing
Dec. 31
90,000
Jan. 1 (2019)
1,375,000
Mar. 31
12. 22,500
Dec. 31
90,000
Dec. 31
355,000
June 30
22,500
Sept. 30
22,500
Dec. 31
22,500
Prepare a statement of owner's equity for the year.
Apex Systems Co.
Statement of Owner's Equity
For the Year Ended December 31, 2019
13. $
$
$
Question 5:
Balance Sheet Classification
At the balance sheet date, a business owes a mortgage note
payable of $375,000, the terms of which provide for monthly
payments of $1,250.
How should the liability be classified on the balance sheet?
Current liability: $
Long-term liability: $
Question 6:
Balance Sheet
Optimum Weight Loss Co. offers personal weight reduction
consulting services to individuals. After all the accounts have
been closed on November 30, 2019, the end of the fiscal year,
the balances of selected accounts from the ledger of Optimum
Weight Loss Co. are as follows:
Accounts Payable
$37,700
Accounts Receivable
116,750
Accumulated Depreciation - Equipment
17. Question 7:
Closing Entries
Prior to closing, total revenues were $12,840,000 and total
expenses were $9,975,000.
During the year, the owner made no additional investments and
withdrew $630,000. After the closing entries, how much did the
owner’s capital account change?
$
Question 8:
Post-Closing Trial Balance
An accountant prepared the following post-closing trial balance:
La Casa Services Co.
Post-Closing Trial Balance
March 31, 2019
Debit Balances
Credit Balances
Cash
46,540
Accounts Receivable
122,260
Supplies
4,000
19. Prepare a corrected post-closing trial balance. Assume that all
accounts have normal balances and that the amounts shown are
correct. If an amount box does not require an entry, leave it
blank.
La Casa Services Co.
Post-Closing Trial Balance
March 31, 2019
Debit Balances
Credit Balances
Cash
Accounts Receivable
Supplies
Equipment
Accumulated Depreciation-Equipment
Accounts Payable
Salaries Payable
Unearned Rent
Sonya Flynn, Capital
20. Question 9:
Working Capital and Current Ratio
The following data (in thousands) were taken from recent
financial statements of Under Armour, Inc.:
December 31
Year 2
Year 1
Current assets
$1,498,763
$1,549,399
Current liabilities
478,810
421,627
a. Compute the working capital and the current ratio as of
December 31, Year 2 and Year 1. Enter working capital amounts
in thousands of dollars. Round "current ratio" answers to two
decimal places.
December 31
Year 2
Year 1
Working capital
$
$
21. Current ratio
b. What conclusions concerning the companys ability to meet its
financial obligations can you draw from part (a)? Under
Armour's working capital by $ during Year 2. The current
ratio in Year 2. Because year 2's current ratio indicates
a liquidity position, the short-term creditors concerned about
receiving payment from Under Armour.
Question 10:
Appendix: Adjustment Data on an End-of-Period Spreadsheet
Alert Security Services Co. offers security services to business
clients. The trial balance for Alert Security Services Co. has
been prepared on the following end-of-period spreadsheet for
the year ended October 31, 2019. In addition, the data for year-
end adjustments are as follows:
a. Fees earned, but not yet billed, $13.
b. Supplies on hand, $4.
c. Insurance premiums expired, $10.
d. Depreciation expense, $3.
e. Wages accrued, but not paid, $1.
Enter the adjustment data, and place the balances in the
Adjusted Trial Balance columns. If a box does not require an
entry, leave it blank.
Alert Security Services Co.
End-of-Period Spreadsheet (Work Sheet)
For the Year Ended October 31, 2019
Account Title
Unadjusted Trial Balance Debit
Unadjusted Trial Balance Credit
Adjustments Debit
Adjustments Credit
Adjusted Trial Balance Debit
Adjusted Trial Balance Credit
26. journal, a revenue journal, and a cash receipts journal, indicate
the journal in which each of the following transactions should
be recorded:?
from the list.
a. Receipt of cash refund from overpayment of taxes.
b. Adjustment to record accrued salaries at the end of the year.
c. Providing services on account.
d. Investment of additional cash in the business by the owner.
e. Receipt of cash on account from a customer.
f. Receipt of cash for rent.
g. Receipt of cash from sale of office equipment.
h. Sale of used office equipment on account, at cost, to a
neighboring business.
i. Closing of drawing account at the end of the year.
j. Providing services for cash.
Question 12:
Prepare Journal Entries in a Revenue Journal
Horizon Consulting Company had the following transactions
during the month of October:
Oct. 2.
Issued Invoice No. 321 to Pryor Corp. for services rendered on
account, $595.
Oct. 3.
27. Issued Invoice No. 322 to Armor Inc. for services rendered on
account, $310.
Oct. 14.
Issued Invoice No. 323 to Pryor Corp. for services rendered on
account, $205.
Oct. 24.
Issued Invoice No. 324 to Rose Co. for services rendered on
account, $850.
Oct. 29.
Collected Invoice No. 321 from Pryor Corp.
a. Record the October revenue transactions for Horizon
Consulting Company in the following revenue journal format:
REVENUE JOURNAL
DATE
Invoice No.
Account Debited
Post. Ref.
Accounts Rec. Dr.
Fees Earned Cr.
Oct. 2
Oct. 3
Oct. 14
28. Oct. 24
Oct. 31
b. What is the total amount posted to the accounts receivable
and fees earned accounts from the revenue journal for October?
Accounts receivable
$
Fees earned
$
c. What is the October 31 balance of the Pryor Corp. customer
account assuming a zero balance on October 1?
$
Question 13:
Accounts Receivable Subsidiary Ledger
The revenue journal and cash receipts journal for Polaris
Productions Inc. follow. The accounts receivable control
account has a January 1, 20Y4, balance of $3,790 consisting of
an amount due from Clear Pointe Studios Inc.
REVENUE JOURNAL
Page 16
Date
Invoice No.
Account Debited
29. Post Ref.
Accounts Rec. Dr.
Fees Earned Cr.
20Y4
Jan. 6
1
Echo Broadcasting Co.
✔
2,300
Jan. 14
2
Gold Coast Media Inc.
✔
5,100
Jan. 22
3
Echo Broadcasting Co.
✔
2,980
Jan. 25
4
Clear Pointe Studios Inc.
✔
1,650
Jan. 29
5
30. Amber Communications Inc.
✔
3,650
Jan. 31
15,680
(12)(41)
CASH RECEIPTS JOURNAL
Page 36
Date
Account Credited
Post Ref.
Fees Earned Cr.
Accounts Rec. Cr.
Cash Dr.
20Y4
32. 3,200
11,190
14,390
(41)
(12)
(11)
Prepare a listing of the accounts receivable customer balances
and verify that the total agrees with the ending balance of the
accounts receivable controlling account. If an amount is zero,
enter "0".
Polaris Productions Inc.
Accounts Receivable Customer Balances
January 31, 20Y4
Amber Communications Inc.
$
Clear Pointe Studios Inc.
Echo Broadcasting Co.
Gold Coast Media Inc.
Total accounts receivable
$
Polaris Productions Inc.
Accounts Receivable
Controlling
Balance, January 1, 20Y4
33. $
Total debits (from revenue journal)
Total credits (from cash receipts journal)
Balance, January 31, 20Y4
$
Question 14:
Show Me How
Calculator
Revenue and Cash Receipts Journals
Transactions related to revenue and cash receipts completed by
Sycamore Inc. during the month of March 20Y8 are as follows:
Mar. 2.
Issued Invoice No. 512 to Santorini Co., $905.
Mar. 4.
Received cash from CMI Inc., on account, for $205.
Mar. 8.
Issued Invoice No. 513 to Gabriel Co., $220.
Mar. 12.
Issued Invoice No. 514 to Yarnell Inc., $845.
Mar. 19.
Received cash from Yarnell Inc., on account, $555.
Mar. 20.
Issued Invoice No. 515 to Electronic Central Inc., $195.
Mar. 28.
Received cash from Marshall Inc. for services provided, $160.
Mar. 29.
Received cash from Santorini Co. for Invoice No. 512 of March
2.
Mar. 31.
Received cash from McCleary Co. for services provided, $85.
Prepare a single-column revenue journal and a cash receipts
journal to record these transactions. Enter the transactions in
35. Total
If an amount box does not require an entry, leave it blank.
CASH RECEIPTS JOURNAL
PAGE 12
DATE
Account Credited
Post. Ref.
Fees Earned Cr.
Accounts Rec. Cr.
Cash Dr.
20Y8
Add dates
List accounts
✔
✔
✔
36. Total
Question 15:
Identify transactions in accounts payable subsidiary ledger
The debits and credits from three related transactions are
presented in the following creditor's account taken from the
accounts payable ledger:
NAME
Apex Performance Co.
ADDRESS
101 W. Stratford Ave.
Date
Item
Post. Ref.
Debit
Credit
Balance
20Y7
37. June 6
P49
12,000
12,000
June 14
J12
150
11,850
June 16
CP23
11,850
—
Describe each transaction (Purchase on account, paid on, sold
on, received on, corrected error or received allowance , and
identify the source(purchase journal, cash receipts journal, cash
payemnts journal, revenue journal, general journal) of each
posting.
Date
Describe Transaction
Transaction Source
June 6
June 14
June 16
38. Question 16:
Prepare Journal Entries in a Purchases Journal
Guardian Services Inc. had the following transactions during the
month of April:
Apr. 4.
Purchased office supplies from Officemate Inc. on account,
$415.
Apr. 9.
Purchased office equipment on account from Tek Village Inc.,
$2,460.
Apr. 16.
Purchased office supplies from Officemate Inc. on account,
$185.
Apr. 19.
Purchased office supplies from Paper-to-Go Inc. on account,
$195.
Apr. 27.
Paid invoice on April 4 purchase from Officemate Inc.
a. Prepare a purchases journal to record the April purchase
transactions for Guardian Services Inc. If an amount box does
not require an entry, leave it blank.
If no entry is required in "Other Accounts Dr." then select "No
entry required".
PURCHASES JOURNAL
DATE
Account Credited
Post. Ref.
Accounts Payable Cr.
Office Supplies Dr.
Other Accounts Dr.
Post. Ref.
Amount
Apr. 4
40. b. What is the total amount posted to the accounts payable and
office supplies accounts from the purchases journal for April?
Credit to accounts payable
$
Debit to office supplies
$
c. What is the April 30 balance of the Officemate Inc. creditor
account assuming a zero balance on April 1?
$
Question 17:
Segment Revenue Horizontal Analysis
Starbucks Corporation reported the following geographical
segment revenues for a recent and a prior fiscal year:
Recent Year
(in millions, rounded)
Prior Year
(in millions, rounded)
Americas
$13,293
$11,980
EMEA*
1,217
1,295
China/Asia Pacific
2,396
1,130
Channel Development**
41. 1,731
1,546
Other
526
497
Total
$19,163
$16,448
*Europe, Middle East, and Africa
**Sells packaged coffee and teas globally
a. Prepare a horizontal analysis of the segment data using the
prior year as the base year. Round all percents to one decimal
place. Enter all amounts in millions. If required, use minus sign
to indicate the decreases values.
Starbucks Corporation
Horizontal Analysis
Recent Year (in millions)
Prior Year (in millions)
Increase (Decrease)
Amount
Increase (Decrease)
Percent
Americas
$13,293
$11,980
$
%
EMEA
43. %
$11,980
%
EMEA
1,217
%
1,295
%
China/Asia Pacific
2,396
%
1,130
%
Channel Development
1,731
%
1,546
%
Other
526
%
497
%
Total revenues
$19,163
%
$16,448
%
c. Based on the percentages in the vertical analysis, which of
Starbuck's operations grew more? Americas, EMEA,
CHINA/ASIA Pacific? Choose one
Question 18
Segment Revenue Vertical Analysis
Twenty-First Century Fox, Inc. is one of the world’s largest
entertainment companies that includes Twentieth Century Fox
films, Fox Broadcasting, Fox News, the FX, and various
44. satellite properties. The company provided revenue disclosures
by its major product segments in the notes to its financial
statements as follows:
a. Using the revenue disclosures by major product segment
listed below, provide a vertical analysis of the product segment
revenues. Round all percentages to one decimal place.
Major Product Segments
For a Recent Year
(in millions)
Percent (%)
Cable Network Programming
$13,773
%
Television
4,895
%
Filmed Entertainment
9,525
%
Direct Broadcast Satellite Television
2,112
%
Total revenues
$30,305
45. 100.0%
Question 20
Beacon Signals Company maintains and repairs warning lights,
such as those found on radio towers and lighthouses. Beacon
Signals Company prepared the following end-ofperiod
spreadsheet at December 31, 2019, fiscal year:
Beacon Signals Company
End-of-Period Spreadsheet
For the Year Ended December 31, 2019
Unadjusted Trial Balance
Adjustments
Adjusted Trial Balance
Account Title
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Cash
13,000.00
13,000.00
Accounts Receivable
40,500.00
(a) 12,500.00
50. (b) 3,000.00
3,000.00
Supplies Expense
(c) 2,250.00
2,250.00
Miscellaneous Expense
4,350.00
4,350.00
1,000,000.00
1,000,000.00
37,450.00
37,450.00
1,030,900.00
1,030,900.00
Required: DO ALL 1-5 with correct labels
1.
Prepare an income statement for the year ended December 31. If
a net loss has been incurred, enter that amount as a negative
number using a minus sign. Be sure to complete the statement
heading. Use the list of Labels and Amount Descriptions for the
correct wording of text items other than account names. You
will not need to enter colons (:) on the income statement.
51. 2.
Prepare a statement of owner’s equity for the year ended
December 31. No additional investments were made during the
year. For those boxes in which you must enter subtracted or
negative numbers use a minus sign. Be sure to complete the
statement heading. Use the list of Labels and Amount
Descriptions for the correct wording of text items.
3.
Prepare a balance sheet as of December 31. Fixed assets must be
entered in order according to account number. Be sure to
complete the statement heading. Use the list of Labels and
Amount Descriptions for the correct wording of text items other
than account names. You will not need to enter colons (:) or the
word "Less" on the balance sheet; they will automatically insert
where necessary.
4.
Based upon the end-of-period spreadsheet, journalize the
closing entries. Explanations should be omitted. If you are
unsure of account titles, see the chart of accounts.
5.
Prepare a post-closing trial balance.
Question 21
Finders Investigative Services is an investigative services firm
that is owned and operated by Stacy Tanner. On June 30, 2019,
the end of the fiscal year, the accountant for Finders
52. Investigative Services prepared an end-of-period spreadsheet, a
part of which follows:
Finders Investigative Services
End-of-Period Spreadsheet
For the Year Ended June 30, 2019
~
Adjusted Trial Balance
Account Title
~
Dr.
Cr.
~
Cash
~
28,000
Accounts Receivable
~
69,600
Supplies
~
4,600
Prepaid Insurance
~
2,500
Building
~
439,500
54. Rent Expense
~
48,000
Supplies Expense
~
10,800
Depreciation Expense-Building
~
8,750
Utilities Expense
~
7,150
Repairs Expense
~
3,000
Insurance Expense
~
2,500
Miscellaneous Expense
~
6,200
~
1,164,700
1,164,700
Required: DO ALL 1-3 AND LABEL ALL
1.
Prepare an income statement, a statement of owner’s equity (no
55. additional investments were made during the year), and a
balance sheet. *
2.
Journalize the entries that were required to close the accounts at
June 30.
3.
If Stacy Tanner, Capital has instead decreased $30,000 after the
closing entries were posted, and the withdrawals remained the
same, what would have been the amount of net income or net
loss?
* Be sure to read the instructions for each financial statement
carefully. Refer to the chart of accounts and the list of Labels
and Amount Descriptions provided for the exact wording of the
answer choices for text entries.
Question 22
For the past several years, Jolene Upton has operated a part-
time consulting business from her home. As of July 1, 2019,
Jolene decided to move to rented quarters and to operate the
business, which was to be known as Gourmet Consulting, on a
full-time basis. Gourmet Consulting entered into the following
transactions during July:
Jul.
1
The following assets were received from Jolene Upton: cash,
$19,000; accounts receivable, $22,300; supplies, $3,800; and
office equipment, $8,900. There were no liabilities received.
1
Paid three months’ rent on a lease rental contract, $6,000.
2
Paid the premiums on property and casualty insurance policies,
$4,500.
56. 4
Received cash from clients as an advance payment for services
to be provided and recorded it as unearned fees, $8,000.
5
Purchased additional office equipment on account from Office
Necessities Co., $5,100.
6
Received cash from clients on account, $12,750.
10
Paid cash for a newspaper advertisement, $500.
12
Paid Office Necessities Co. for part of the debt incurred on July
5, $3,000.
12
Provided services on account for the period July 1–12, $14,200.
14
Paid receptionist for two weeks’ salary, $1,500.
Record the following transactions on Page 2 of the journal:
Jul.
17
Received cash from cash clients for fees earned during the
period July 1–17, $10,400.
18
Paid cash for supplies, $1,000.
20
Provided services on account for the period July 13–20, $9,000.
57. 24
Received cash from cash clients for fees earned for the period
July 17–24, $8,500.
26
Received cash from clients on account, $12,000.
27
Paid receptionist for two weeks’ salary, $1,500.
29
Paid telephone bill for July, $325.
31
Paid electricity bill for July, $675.
31
Received cash from cash clients for fees earned for the period
July 25–31, $7,100.
31
Provided services on account for the remainder of July, $5,500.
31
Jolene withdrew $20,000 for personal use.
Required: ANSWER ALL BELOW AND LABEL JUST PUT
ANSWERS THAT GO IN EVERY JOURNAL ENTRy
1.
Journalize each transaction in a two-column journal starting on
Page 1, referring to the chart of accounts in selecting the
accounts to be debited and credited. (Do not insert the account
numbers in the journal at this time.)
2.
Post the July transactions.
A.
58. Download the spreadsheet in the Ledger panel and save the
Excel file to your computer. Use the spreadsheet to post the
July transactions from the journal to a ledger of four-column
accounts. Be sure to save your work in Excel as it will be used
to complete the following steps in Part 1 of this problem as well
as steps in Part 2 of this problem. Your input into the
spreadsheet will not be included in your grade in CengageNOW
on this problem.
B.
Add the appropriate posting reference to the journal in
CengageNOW.
3.
Prepare an unadjusted trial balance.
4.
At the end of July, the following adjustment data were
assembled. Analyze and use these data to complete requirements
(5) and (6).
•
Insurance expired during July is $375.
•
Supplies on hand on July 31 are $2,850.
•
Depreciation of office equipment for July is $400.
•
Accrued receptionist salary on July 31 is $140.
•
Rent expired during July is $2,000.
•
Unearned fees on July 31 are $3,000.
5.
(Optional) On your own paper or spreadsheet, enter the
unadjusted trial balance on an end-of-period work sheet and
complete the spreadsheet. Find a blank end-of-period work
sheet in the Excel spreadsheet you previously downloaded.
59. 6.
A.
Journalize the adjusting entries on page 3 of the journal.
Adjusting entries are recorded on July 31.
B.
Use the attached spreadsheet in the Ledger panel to post the
adjusting entries to the ledger of four-column accounts,
inserting balances is the accounts affected. Add the appropriate
posting reference to the adjusting entries in the journal in.
7.
Prepare an adjusted trial balance.
ANSWER EVERYTHING! PLEASE BE SURE TO PUT THE
QUESTION NUMBER AND DOUBLE CHECK WORK
READ EVERYTHING AND ADDRESS ALL QUESTIONS!
LABEL EVERYTHING
Accounting Comprehensive Problem 1.
1. Create a Journal
1. C.
Journalize each of the May transactions in the two-column
journal starting on Page 5 of the journal. Refer to the Chart of
Accounts for exact wording of account titles. (Do not insert the
account numbers in the journal at this time.)
2. B.
Add the appropriate posting reference to the journal in
CengageNOW.
6. A.
Journalize the adjusting entries on Page 7 of the journal. Refer
to the Chart of Accounts for exact wording of account titles.
6. C.
Add the appropriate posting reference to the journal in
CengageNOW.
60. 2. Create A Ledger
SPREADSHEET
and save the Excel file to your computer. Use the spreadsheet
to post the May transactions from the journal to a ledger of
four-column accounts. Be sure to save your work in Excel as it
will be used to complete the following steps in Part 1 of this
problem as well as steps in Part 2 of this problem. Your input
into the spreadsheet will not be included in your grade in
CengageNOW on this problem.
1. B.
For each account in the post-closing trial balance, enter the
balance in the appropriate Balance column of a four-column
account. Date the balances May 1, enter Balance in the Item
column and enter ‘X’ in the Posting Reference column.
2. A.
Post the May transactions from the journal to a ledger of four-
column accounts.
6. B.
Post the adjusting entries to the ledger of four-column accounts,
inserting balances in the accounts affected.
3. Prepape a Unadjusted Trial Balance
Kelly Pitney began her consulting business, Kelly Consulting,
on April 1, 2019. The accounting cycle for Kelly Consulting for
April, including financial statements, was illustrated in this
chapter. During May, Kelly Consulting entered into the
following transactions:
May
61. 3
Received cash from clients as an advance payment for services
to be provided and recorded it as unearned fees, $4,500.
5
Received cash from clients on account, $2,450.
9
Paid cash for a newspaper advertisement, $225.
13
Paid Office Station Co. for part of the debt incurred on April 5,
$640.
15
Provided services on account for the period May 1–15, $9,180.
16
Paid part-time receptionist for two weeks’ salary including the
amount owed on April 30, $750.
17
Received cash from cash clients for fees earned during the
period May 1–16, $8,360.
Record the following transactions on Page 6 of the journal:
May
20
Purchased supplies on account, $735.
21
Provided services on account for the period May 16–20, $4,820.
25
Received cash from cash clients for fees earned for the period
May 17–23, $7,900.
62. 27
Received cash from clients on account, $9,520.
28
Paid part-time receptionist for two weeks’ salary, $750.
30
Paid telephone bill for May, $260.
31
Paid electricity bill for May, $810.
31
Received cash from cash clients for fees earned for the period
May 26–31, $3,300.
31
Provided services on account for the remainder of May, $2,650.
31
Kelly withdrew $10,500 for personal use.
Required:
1.
The chart of accounts is shown in a separate panel and the post-
closing trial balance as of April 30, 2019, is shown below.
A.
Download the spreadsheet in the Ledger panel and save the
Excel file to your computer. Be sure to save your work in Excel
as it will be used to complete the following steps in Part 1 of
this problem as well as steps in Part 2 of this problem. Your
input into the spreadsheet will not be included in your grade in
CengageNOW on this problem.
B.
For each account in the post-closing trial balance, enter the
balance in the appropriate Balance column of a four-column
63. account. Date the balances May 1, 2019, enter Balance in the
Item column and enter ‘X’ in the Posting Reference column.
C.
Journalize each of the May transactions in a two-column journal
starting on Page 5 of the journal. Refer to the Chart of Accounts
for exact wording of account titles. (Do not insert the account
numbers in the journal at this time.)
2.
Post the journal entries on pages 5 and 6 of the journal to the
ledger of four-column accounts.
A.
Use the spreadsheet to post the May transactions from the
journal to a ledger of four-column accounts.
B.
Add the appropriate posting reference to the journal.
3.
Prepare an unadjusted trial balance. Accounts with zero
balances can be left blank.
4.
At the end of May, the following adjustment data were
assembled. Analyze and use these data to complete parts (5) and
(6).
•
Insurance expired during May is $275.
•
Supplies on hand on May 31 are $715.
•
Depreciation of office equipment for May is $330.
•
Accrued receptionist salary on May 31 is $325.
•
Rent expired during May is $1,600.
•
Unearned fees on May 31 are $3,210.
64. 5.
(Optional) On your own paper or spreadsheet, enter the
unadjusted trial balance on a 10-column end-of-period
spreadsheet (work sheet), and complete the spreadsheet. Find a
blank end-of-period work sheet in the Excel spreadsheet you
previously downloaded.
6.
A.
Journalize the adjusting entries on Page 7 of the journal. Refer
to the Chart of Accounts for exact wording of account titles.
B.
Post the adjusting entries to the ledger, inserting balances in the
accounts affected.
C.
Add the appropriate posting reference to the adjusting entries in
the journal in CengageNOW.
7.
Prepare an adjusted trial balance. Accounts with zero balances
can be left blank.
Kelly Consulting
POST-CLOSING TRIAL BALANCE
April 30, 2019
ACCOUNT TITLE
DEBIT
CREDIT
1
Cash
22,100.00
2
Accounts Receivable
3,400.00