Option #2 Percentage of Sales Method The Miko Company CaseOn Jan.docx
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Option #2: Percentage of Sales Method: The Miko Company Case On January 1, 2014, the Miko Company had the following accounts on its books: Accounts Receivable: $120,000 (debit) Allowance for Uncollectable Accounts: $4,200 (credit) Assignment Template During the year 2014, credit sales were $260,000 and collections on accounts were $220,000. The following transactions occurred during 2014: January 11, 2014: Wrote off Mora’s account, $1,200. August 30, 2014: Wrote off MyLine’s account, $250. November 20, 2014: Sophy pays $600 of her $1,600 account receivables due. December 1, 2014: Received $3,000 payment on Smith’s accounts receivable, which was previously written off and needs to be restated. December 31, 2014: In an adjusting entry, Miko Company recorded the provision for uncollectable accounts at 1.5% of credit sales for the year. Instructions : Submit the following items in an Excel spreadsheet, labeling each as 1, 2, 3, and 4: The four journal entries (1 to 4 above) with a one-sentence description The allowance for doubtful accounts T-account The journal entry to record bad debt expense The balance sheet presentation of net realizable value, including gross accounts receivables of $42,000 .
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Account Receivable QuestionsZ
Practice questions for Finance students. Questions from MBA past papers of University of Karachi
httpACC 557 – Homework 1 Chapters 1, 2, and 3Due Week 2 and.docx
http
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.
A C G 6 0 2 6 - A c c o u n t i n g f o r M.docx
A C G 6 0 2 6 - A c c o u n t i n g f o r M a n a g e r s
ACCOUNTING CYCLE ASSIGNMENT
Spring 2016
Names
Points:
Problem 1 – 30 points
Problem 2 – 70 points
Total (100 points)
Problem 1. ABC Company began business on January 1, 2015. During January, the following
transactions occurred:
January:
1
st
Issued common stock in exchange for $150,000 cash.
2
nd
Purchased inventory on account for $30,000.
4
th
Paid an insurance company $2,450 for one-year insurance policy.
10
th
Sold merchandise on account for $13,000. The cost of the merchandise was $6,000.
15
th
Borrowed $35,000 from a local bank and signed a note. Principal and interest at 10%
will be repaid in six months.
20
th
Paid employees $6,000 in wages for the first half of the month.
22
nd
Sold merchandise for $11,000 cash. The cost of the merchandise was $7,000.
24
th
Paid $15,000 to suppliers for the merchandise purchased on January 2.
26
th
Collected $5,500 on account from customers.
28
th
Paid $2,000 to the local utility company for January water.
30
th
Paid $5,000 rent for the building. $2,500 was for January rent, and $2,500 for
February rent.
Required:
1. Prepare general journal entries (i.e., no adjusting journal entries) to record each
transaction. (10p.)
2. Post the entries to T-accounts. (10p.)
3. Prepare an unadjusted trial balance as of January 30, 2015. (10p.)
Problem 2.
Florida Company manufactures and sells various types of pasta to grocery chains as private label
brands. The company's fiscal year-end is December 31. The unadjusted trial balance as of
December 31, 2015, appears below.
Information necessary to prepare the year-end adjusting entries appears below.
1. Depreciation on the equipment for the year is $20,000.
2. Employee wages are paid twice a month, on the 22
nd
for wages earned from the 1
st
through the 15
th
, and on the 7
th
of the following month for wages earned from the 16
th
through the end of the month. Wages earned from December 16 through December 31,
2015, were $2,000.
3. On October 1, 2015, Florida borrowed $50,000 from a local bank and signed a note. The
note requires interest to be paid annually on September 30 at 12%. The principal is due in
10 years.
4. On March 1, 2015, the company lent a supplier $20,000 and a note was signed requiring
principal and interest at 8% to be paid on February 28, 2016.
Account Title Debit Credit
Cash 29,000
Accounts Receivable 40,000
Supplies 1,500
Inventory 60,000
Notes Receivable 20,000
Interest Receivable -
Prepaid Rent 2,000
Prepaid Insurance 7,000
Equipment 80,000
Accumulated Depreciation-Equipment 30,000
Accounts Payable 31,000
Wages Payable -
Notes Payable 50,000
Interest Payable -
Unearned Rev.
Directions Answer the following questions in a separate Mic.docx
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.
Recognized revenue of $7,300, of which $2,500 is collected in cash and the
balance
is .
Week Two Exercise AssignmentRevenue and Expenses1. Recognition.docx
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.
Directions Answer the following questions on a separate Microsoft.docx
Directions: Answer the following questions on 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
4
-
7
.
Kay Magill Company had the following adjusted trial balance.
Instructions
a)
Prepare closing entries at June 30, 2015.
b)
Prepare a post-closing trial balance.
E
4
-
13
.
Keenan Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made.
1.
A payment on account of $840 to a creditor was debited to Accounts Payable $480 and credited to Cash $480.
2.
The purchase of supplies on account for $560 was debited to Equipment $56 and credited to Accounts Payable $56.
3.
A $500 cash dividend was debited to Salaries and Wages Expense $500 and credited to Cash $500.
Instructions
Prepare the correcting entries.
E
5-4
.
On June 10,
Tuzun
Company purchased $8,000 of merchandise from Epps Company, FOB shipping point, terms
2/10
,
n
/30.
Tuzun
pays the freight costs of $400 on June 11. Damaged goods totaling $300 are returned to Epps for credit on June 12. The fair value of these goods is $70. On June 19,
Tuzun
pays Epps Company in full, less the purchase discount. Both companies use a perpetual inventory system.
Instructions
a)
Prepare separate entries for each transaction on the books of
Tuzun
Company.
b)
Prepare separate entries for each transaction for Epps Company. The merchandise purchased by
Tuzun
on June 10 had cost Epps $4,800.
E
5
-7.
Juan Morales Company had the following account balances at year-end: Cost of Goods Sold $60,000, Inventory $15,000, Operating
Expenses $29,000, Sales Revenue $115,000, Sales Discounts
$
1,200,
and Sales Returns and Allowances $1,700. A physical count of inventory determines that
m
erchandise inventory on hand is $13,900.
Instructions
a)
Prepare the adjusting entry necessary as a result of the physical count.
b)
Prepare closing entries.
E
6-
1
.
Tri-State Bank and Trust is considering giving Josef Company a loan. Before doing so, management decides that further discussions with Josef’s accountant may be desirable. One area of particular concern is the inventory account, which has a year-end balance of $297,000. Discussions with the accountant reveal the following.
1.
Josef sold goods costing $38,000 to
Sorci
Company, FOB shipping point,
on December 28.
The goods are not expected to arrive at
Sorci
until January 12.
The goods were not included in the physical inventory because they were not in the warehouse.
2.
The physical count of the inventory did not include goods costing $95,000 that were shipped to Josef FOB destination
on December 27
and were still in transit at year-end.
3.
Josef received goods costing $22,000
on January 2.
The goods were shipped FOB shipping poin.
Recommended
Account Receivable QuestionsZ
Practice questions for Finance students. Questions from MBA past papers of University of Karachi
httpACC 557 – Homework 1 Chapters 1, 2, and 3Due Week 2 and.docx
http
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.
A C G 6 0 2 6 - A c c o u n t i n g f o r M.docx
A C G 6 0 2 6 - A c c o u n t i n g f o r M a n a g e r s
ACCOUNTING CYCLE ASSIGNMENT
Spring 2016
Names
Points:
Problem 1 – 30 points
Problem 2 – 70 points
Total (100 points)
Problem 1. ABC Company began business on January 1, 2015. During January, the following
transactions occurred:
January:
1
st
Issued common stock in exchange for $150,000 cash.
2
nd
Purchased inventory on account for $30,000.
4
th
Paid an insurance company $2,450 for one-year insurance policy.
10
th
Sold merchandise on account for $13,000. The cost of the merchandise was $6,000.
15
th
Borrowed $35,000 from a local bank and signed a note. Principal and interest at 10%
will be repaid in six months.
20
th
Paid employees $6,000 in wages for the first half of the month.
22
nd
Sold merchandise for $11,000 cash. The cost of the merchandise was $7,000.
24
th
Paid $15,000 to suppliers for the merchandise purchased on January 2.
26
th
Collected $5,500 on account from customers.
28
th
Paid $2,000 to the local utility company for January water.
30
th
Paid $5,000 rent for the building. $2,500 was for January rent, and $2,500 for
February rent.
Required:
1. Prepare general journal entries (i.e., no adjusting journal entries) to record each
transaction. (10p.)
2. Post the entries to T-accounts. (10p.)
3. Prepare an unadjusted trial balance as of January 30, 2015. (10p.)
Problem 2.
Florida Company manufactures and sells various types of pasta to grocery chains as private label
brands. The company's fiscal year-end is December 31. The unadjusted trial balance as of
December 31, 2015, appears below.
Information necessary to prepare the year-end adjusting entries appears below.
1. Depreciation on the equipment for the year is $20,000.
2. Employee wages are paid twice a month, on the 22
nd
for wages earned from the 1
st
through the 15
th
, and on the 7
th
of the following month for wages earned from the 16
th
through the end of the month. Wages earned from December 16 through December 31,
2015, were $2,000.
3. On October 1, 2015, Florida borrowed $50,000 from a local bank and signed a note. The
note requires interest to be paid annually on September 30 at 12%. The principal is due in
10 years.
4. On March 1, 2015, the company lent a supplier $20,000 and a note was signed requiring
principal and interest at 8% to be paid on February 28, 2016.
Account Title Debit Credit
Cash 29,000
Accounts Receivable 40,000
Supplies 1,500
Inventory 60,000
Notes Receivable 20,000
Interest Receivable -
Prepaid Rent 2,000
Prepaid Insurance 7,000
Equipment 80,000
Accumulated Depreciation-Equipment 30,000
Accounts Payable 31,000
Wages Payable -
Notes Payable 50,000
Interest Payable -
Unearned Rev.
Directions Answer the following questions in a separate Mic.docx
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.
Recognized revenue of $7,300, of which $2,500 is collected in cash and the
balance
is .
Week Two Exercise AssignmentRevenue and Expenses1. Recognition.docx
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.
Directions Answer the following questions on a separate Microsoft.docx
Directions: Answer the following questions on 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
4
-
7
.
Kay Magill Company had the following adjusted trial balance.
Instructions
a)
Prepare closing entries at June 30, 2015.
b)
Prepare a post-closing trial balance.
E
4
-
13
.
Keenan Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made.
1.
A payment on account of $840 to a creditor was debited to Accounts Payable $480 and credited to Cash $480.
2.
The purchase of supplies on account for $560 was debited to Equipment $56 and credited to Accounts Payable $56.
3.
A $500 cash dividend was debited to Salaries and Wages Expense $500 and credited to Cash $500.
Instructions
Prepare the correcting entries.
E
5-4
.
On June 10,
Tuzun
Company purchased $8,000 of merchandise from Epps Company, FOB shipping point, terms
2/10
,
n
/30.
Tuzun
pays the freight costs of $400 on June 11. Damaged goods totaling $300 are returned to Epps for credit on June 12. The fair value of these goods is $70. On June 19,
Tuzun
pays Epps Company in full, less the purchase discount. Both companies use a perpetual inventory system.
Instructions
a)
Prepare separate entries for each transaction on the books of
Tuzun
Company.
b)
Prepare separate entries for each transaction for Epps Company. The merchandise purchased by
Tuzun
on June 10 had cost Epps $4,800.
E
5
-7.
Juan Morales Company had the following account balances at year-end: Cost of Goods Sold $60,000, Inventory $15,000, Operating
Expenses $29,000, Sales Revenue $115,000, Sales Discounts
$
1,200,
and Sales Returns and Allowances $1,700. A physical count of inventory determines that
m
erchandise inventory on hand is $13,900.
Instructions
a)
Prepare the adjusting entry necessary as a result of the physical count.
b)
Prepare closing entries.
E
6-
1
.
Tri-State Bank and Trust is considering giving Josef Company a loan. Before doing so, management decides that further discussions with Josef’s accountant may be desirable. One area of particular concern is the inventory account, which has a year-end balance of $297,000. Discussions with the accountant reveal the following.
1.
Josef sold goods costing $38,000 to
Sorci
Company, FOB shipping point,
on December 28.
The goods are not expected to arrive at
Sorci
until January 12.
The goods were not included in the physical inventory because they were not in the warehouse.
2.
The physical count of the inventory did not include goods costing $95,000 that were shipped to Josef FOB destination
on December 27
and were still in transit at year-end.
3.
Josef received goods costing $22,000
on January 2.
The goods were shipped FOB shipping poin.
AWeek One Exercise AssignmentBasic Accounting Equations1.Recog.docx
AWeek One Exercise Assignment
Basic Accounting Equations
1.Recognition of normal balances
The following items appeared in the accounting records of Triguero's, a retail music store that also sponsors concerts. Classify each of the items as an asset, liability, revenue, or expense from the company's viewpoint. Also indicate the normal account balance of each item.
a. The albums, tapes, and CDs held for sale to customers.
b. A long-term loan owed to Citizens Bank.
c. Promotional costs to publicize a concert.
d. Daily sales of merchandise sold,
e. Amounts due from customers,
f. Land held as an investment,
g. A new fax machine purchased for office use.
h. Amounts to be paid in 10 days to suppliers,
i. Amounts paid to a mall for rent.
2.Basic journal entries
The following April transactions pertain to the Jennifer Royall Company:
Apr. 1
Jennifer Royall invested cash of $15,000 and land valued at $10,000into the business.
Apr.5
Provided $1,200 of services to Jason Ratchford, a client, on account.
Apr.9
Paid $250 of salaries to an employee.
Apr.14
Acquired a new computer for $3,200, on account.
Apr.20
Collected $800 from Jason Ratchford for services provided on April 5.
Apr.24
Borrowed $7,500 from BestBanc by securing a six-month loan.
Prepare journal entries (and explanations) to record the preceding transactions and events.
3. Balance sheet preparation. The following data relate to Preston Company as of December 31, 20XX:
Building $44,000 Accounts receivable $24,000
Cash 17,000 Loan payable 30,000
J. Preston, Capital 65,000 Land 21,000
Accounts payable ?
Prepare a balance sheetas of December 31, 20XX. (See Exhibit 1.1 and 1.4)
4. Basic transaction processing. On November 1 of the current year, Richard Parker established a sole proprietorship. The following transactions occurred during the month:
1: Parker invested $19,000 into the business for $19,000 in common stock.
2: Paid $9,000 to acquire a used minivan.
3: Purchased $1,800 of office furniture on account.
4: Performed $2,100 of consulting services on account.
5: Paid $300 of repair expenses.
6: Received $800 from clients who were previously billed in item 4.
7: Paid $500 on account to the supplier of office furniture in item 3.
8: Received a $150 electric bill, to be paid next month.
9: Parker withdrew $600 from the business.
10: Received $250 in cash from clients for consulting services rendered.
Instructions
a. Arrange the following asset, liability, and owner’s equity elements of the accounting equation: Cash, Accounts Receivable, Office Furniture, Van, Accounts Payable, Common Stock/Dividends, and Revenues/Expenses. (See Exhibit 1.5)
b. Record each transaction on a separate line. After all transactions have been recorded, compute the balance in each of the preceding items.
c. Answer the following questions for Parker.
(1) How much does the company owe to its creditors at month-end? On which financial statement(s) would this information be found? ...
Bba203 financial accounting...
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Brief Exercise 4-2Brisky Corporation had net sales of $2,400,000 a.docx
Brief Exercise 4-2
Brisky Corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2014. Expenses for 2014 were cost of goods sold $1,450,000; administrative expenses $212,000; selling expenses $280,000; and interest expense $45,000. Brisky’s tax rate is 30%. The corporation had 100,000 shares of common stock authorized and 70,000 shares issued and outstanding during 2014. Prepare a single-step income statement for the year ended December 31, 2014.
(Round earnings per share to 2 decimal places, e.g. 1.48.)
BRISKY CORPORATION
Income Statement
For the Year Ended December 31, 2014
$
$
$
$
$
$
$
$
:
:
$
[removed]
Brief Exercise 18-2
Adani Inc. sells goods to Geo Company for $11,000 on January 2, 2014, with payment due in 12 months. The fair value of the goods at the date of sale is $10,000.
Prepare the journal entry to record this transaction on January 2, 2014.
(Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Jan. 2, 2014
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
How much total revenue should be recognized on this sale in 2014?
Total revenue
$
[removed]
Brief Exercise 18-5
Jansen Corporation shipped $20,000 of merchandise on consignment to Gooch Company. Jansen paid freight costs of $2,000. Gooch Company paid $500 for local advertising, which is reimbursable from Jansen. By year-end, 60% of the merchandise had been sold for $21,500. Gooch notified Jansen, retained a 10% commission, and remitted the cash due to Jansen.
Prepare Jansen’s entry when the cash is received.
(Round answers to 0 decimal places, e.g. 1,525. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
(
To record the cash remitted to Jansen.
)
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
(To record the cost of inventory sold on consignment.)
Brief Exercise 18-6
Telephone Sellers Inc. sells prepaid telephone cards to customers. Telephone Sellers then pays the telecommunications company, TeleExpress, for the actual use of its telephone lines. Assume that Telephone Sellers sells $4,000 of prepaid cards in January 2014. It then pays TeleExpress based on usage, which turns out to be 50% in February, 30% in March, and 20% in April. The total payment by Telephone Sellers for TeleExpress lines over the 3 months is $3,000.
Indicate how much income Telephone Sellers should recognize in January, February, March, and April.
January income
$
[removed]
February income
$
[removed]
March income
$
[removed]
April income
$
[removed]
6 years ago
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Assignment 4 Excel ProblemsAt the end of each module, you will ap.docx
Assignment 4: Excel Problems
At the end of each module, you will apply the module’s concepts by completing a comprehensive assignment from the textbook.
Complete these problems from your text book: (
P1-44B page 47
&
P2-46B page 111
) related to transaction analysis, journal entries for typical business transactions, adjusting entries and preparation of the trial balance and adjusted trial balance.
Present your analysis of the assigned problems in Excel format. Enter non-numerical responses in the same worksheet using textboxes.
By
Wednesday, April 23, 2014
deliver your assignment to the
M1: Assignment 4 Dropbox.
P1-44B
Preparing financial statements and evaluating business performance.
Accent Photography works weddings and prom-type parties. The balance of capital was $20,000 at December 31, 2010. At December 31, 2011, the business’ accounting records show these balances:
Insurance expense
$8,000
Cash
$31,000
Accounts payable
$6,000
Advertising Expense
$1,000
Service revenue
$81,000
Owner withdrawal
$15,000
Accounts receivable
$10,000
Note payable
$12,000
Owner equity
?
Salary expense
$27,000
Equipment
$60,000
Owner Investment
$33,000
Prepare the following statements for Accent Photography for the year end December 31, 2011:
Income statement
Statement of owner’s equity
Balance sheet
P2-46B
Analyzing and journalizing transactions, posting, and preparing trial balance.
Warren Smith practices medicine under the business title Warren Smith, M.D. During April, the medical practice completed the following transactions:
Apr 1
Smith deposited $78,000 cash in the business bank account. The business gave capital to Smith.
Apr 5
Paid monthly rent on medical equipment, $780.
Apr 9
Paid $18,000 cash to purchase land for an office site.
Apr 10
Purchased supplies on account, $1,200.
Apr 19
Borrowed $20,000 from the bank for business use. Smith signed a note to the bank in the name of the business.
Apr 22
Paid $800 on the account.
Apr 30
Revenue earned during the month included $5,900 cash and $4,900 on account.
Apr 30
Paid employees’ salaries $2,000, office rent$1,800, and utilities $420. Make a single compound entry.
Apr 30
Owner withdrew $9,000.
The business uses the following accounts:
Cash; Accounts receivable; supplies; Land; Accounts payable; Notes payable; Warren Smith, capital; Warren Smith, withdrawals; Service revenue; Salary expense; rent expense; Utility expense.
Journalize each transaction, as shown for April. Explanations are not required.
April 1
Cash
$78,000
Warren Smith, Capital
$78,000
Post the transactions to the T-accounts, using transaction dates as posting reference in the ledger accounts. Label the balance of each account balance as shown in chapter
Prepare the trial balance of Warren Smith, M.D., at April 30, 2010.
.
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Accounting Principles, 12th Edition Ch09
Accounting Principles, 12th Edition
International student version, Willy
WEYGANDT
KIMMEL
KIESO
6. Entry and trial balance preparation. Lee Adkins is a portra.docx
6.
Entry and trial balance preparation
. Lee Adkins is a portrait artist. The following schedule represents Lee’s combined chart of accounts and trial balance as of May 31.
Account number
Account name
Debit
Credit
110
Cash
$ 2,700
120
Accounts Receivable
12,100
130
Equipment and Supplies
2,800
140
Studio
45,000
210
Accounts Payable
$2,600
310
Lee Adkins, Capital
57,400
320
Lee Adkins, Drawing
30,000
410
Professional Fee Revenue
39,000
510
Advertising Expense
2,300
520
Salaries Expense
2,100
540
Utilities Expense
2,000
$99,000
$99,000
The general ledger also revealed account no. 530, Legal and Accounting Expense. The following transactions occurred during June:
6/2
Collected $3,000 on account from customers
6/7
Sold 25% of the equipment and supplies to a young artist for $700 cash
6/10
Received a $300 invoice from the accountant for preparing last quarter's financial Statements.
6/15
Paid $1,900 to creditors on account.
6/27
Adkins withdrew $2,000 cash for personal use.
6/30
Billed a customer $3,000 for a portrait painted this month.
a. Record the necessary journal entries for June on page 2 of the company’s general journal. (See Exhibit 2.6)
b. Open running balance ledger “T” accounts by entering account titles, account numbers, and May 31 balances. (See exhibit 2.3 and 2.4)
c. Post the journal entries to the “T” accounts.
d. Prepare a trial balance as of June 30. (See exhibit 2.9)
7. Journal entry preparation.
On January 1 of the current year, Peter Houston invested $80,000 cash into his companyMuniServ.The cash was obtained from an owner investment by Peter Houston of $50,000 and a $30,000 bank loan. Shortly thereafter, the company acquired selected assets of a bankrupt competitor. The acquisition included land ($10,000), a building ($40,000), and vehicles ($10,000). MuniServ paid $45,000 at the time of the transaction and agreed to remit the remaining balance due of $15,000 (an account payable) by February 15.
During January, the company had additional cash outlays for the following items:
Purchases of store equipment
$4,600
Note payment
500
Salaries expense
2,300
Advertising expense
700
The January utility bill of $200 was received on January 31 and will be paid next month. MuniServ rendered services to clients on account amounting to $9,400.
All customers have been billed; by month end, $3,700 had been received in settlement of account balances.
Instructions
a.
Present journal entries that reflect MuniServ's January transactions, including the $80,000raised from the owner investment and loan. (See exhibit 2.6)
b.
Compute the total debits, total credits, and ending balance that would befound in the company's Cash account. (Post to “T” Accounts, see exhibit 2.3 and 2.4)
c.
Determine the amount that would be shown on the January 31 trial balance for Accounts
Payable. Is the balance a debit or a credit?
.
OVERVIEWWrite a 3–4-page assessment in which you examine how adver.docx
OVERVIEW
Write a 3–4-page assessment in which you examine how advertising manipulates emotions, particularly fear.
Fear is not only a powerful emotion but also a powerful motivator. Advertisers know this and use fear appeal in advertising messages as a tactic to motivate their target audience into behaving in a certain way.
SHOW LESS
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
•
Competency 2: Apply social psychological research and theory to examine social perception, social interaction, and social influence.
•
Describe the emotional tone of advertising.
•
Describe the behavior promoted in advertising.
•
Apply a theory or concept related to social psychology to explain the effectiveness of appealing to fear in advertising.
•
Competency 3: Analyze social psychological theory and research to explain personal, professional, and social issues.
•
Explain the social conditions that foster fear.
•
Explain how individual differences and perceptions perpetuate fearfulness.
•
Competency 7: Communicate in a manner that is scholarly, professional, and consistent with expectations for professionals in the field of psychology.
•
Write coherently to support a central idea with correct grammar, usage, and mechanics as expected of a psychology professional.
Use APA format and style
CONTEXT
Another aspect of human functioning—emotion—has proven to be even more challenging to study than cognition. There are so many theories on emotions, but none are all inclusive; therefore, emotions continue to be mysterious, and the study of emotions is considered a work in progress. Emotions appear to be out of conscious control, yet they provide feedback that aids in self-understanding and information about our perceptions of the social world.
InstanceEndEditable
SHOW LESS
InstanceBeginEditable name="RemainingParagraphs"
It is important to examine the purpose that emotions serve to us as individuals, and how they promote our cultural animal nature (Baumeister & Bushman, 2014). Equally important is looking at how emotions are both helpful and hurtful in decision making, and to what extent our emotions may be manipulated by others, such as in marketing that appeals to emotion. Emotional regulation is part of emotional intelligence. Without an ability to self-regulate emotion, a concept known as affect regulation, emotions can fuel depression, aggression, and other self-defeating behaviors.
Reference
Baumeister, R. F., & Bushman, B. J. (2014).
Social psychology & human nature
(3rd ed.). Belmont, CA: Wadsworth.
QUESTIONS TO CONSIDER
•
To deepen your understanding, you are encouraged to consider the questions below and discuss them with a fellow learner, a work associate, an interested friend, or a member of the business community.
•
When was the last time you were consciously affected by an ad you saw on TV? How did it affect you? Why did it affect you?
•
Why is.
Overview Write a 2–3-page assessment in which you respond to a ser.docx
Overview
Write a 2–3-page assessment in which you respond to a series of questions about the field of biopsychology and the brain.
Biopsychology, also known as behavioral neuroscience, has become a well-established multidisciplinary study that uses complicated techniques to reveal the relationship between brain functions and human behaviors.
Show More
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
•
Competency 1: Use information technology and tools to identify information in the domain of biological psychology.
â–ª
Describe the different regions of the brain and the associated functions.


â–ª
Describe the ethical concerns connected to biopsychology research.


•
Competency 2: Employ critical and creative thinking to evaluate problems, conflicts, and unresolved issues in the study of biological psychology.


â–ª
Explain the mind-brain problem.


â–ª
Describe the origin of biopsychology.


•
Competency 3: Analyze the research methodology and tools typically associated with the study of biological psychology.


â–ª
Describe scientific methods used by scientists to study the brain.


•
Competency 6: Communicate effectively in a variety of formats.
â–ª
Write coherently to support a central idea with correct grammar, usage, and mechanics as expected of a


psychology professional.


â–ª
Use APA style and format.


Context


As a branch of psychology, contemporary biopsychology studies the relationships between behavior and (mainly) the brain. Before this central hypothesis was established, the popular mind-brain questions raised in history included "What is the mind?" and "Does the mind control the brain or vice-versa?" Numerous scientists, psychologists, philosophers, and other scholars answered these questions differently and developed a variety of theories to explain their rationale.


Show More


Action Potential


The brain is part of the nervous system. A particularly important aspect of the nervous system is how neurons "fire," or act to transmit information. This process is known as the action potential and is governed by several different factors, including neurotransmitters and electrolytes.


Action potentials are subject to several laws. For instance, according to the all-or-none principle, an action potential occurs at full strength or not at all. This theory has been a foundation of the studies


of the brain and the theory is widely applied in today's medicine as well as the computer world and the robot industry.
Nature or Nurture?
The relationship between heredity and the environmental influence in shaping behavior has long been the topic of studies. The history of biological psychology development includes the contributions of Descartes, Fritsch, and Hitzig, Helmholtz, Broca, Gall, and Lashley. One of the most exciting scientific discoveries in the twentieth centu.
P2P Websites and ProgramsWebsites such as YouTube creates a un.docx
P2P Websites and Programs
Websites such as YouTube creates a unique environment where people can share videos. The problem is that it allows people to place material on the Internet against Copyright laws. Normally YouTube takes down Copyrighter material very quickly. Government officials also spend a large amount of times on searching out violators of Copyright laws because of the availability of P2P websites and programs. Do you think this is a legitimate use of law enforcement resources or a waste of time because of the problem is too prevalent? Take a stance supporting either side. Write a 1 ½ to 2 (using APA style formatting) paper supporting your argument. No plagiarism, USA sources and done on time no later.
.
More Related Content
Similar to Option #2 Percentage of Sales Method The Miko Company CaseOn Jan.docx
AWeek One Exercise AssignmentBasic Accounting Equations1.Recog.docx
AWeek One Exercise Assignment
Basic Accounting Equations
1.Recognition of normal balances
The following items appeared in the accounting records of Triguero's, a retail music store that also sponsors concerts. Classify each of the items as an asset, liability, revenue, or expense from the company's viewpoint. Also indicate the normal account balance of each item.
a. The albums, tapes, and CDs held for sale to customers.
b. A long-term loan owed to Citizens Bank.
c. Promotional costs to publicize a concert.
d. Daily sales of merchandise sold,
e. Amounts due from customers,
f. Land held as an investment,
g. A new fax machine purchased for office use.
h. Amounts to be paid in 10 days to suppliers,
i. Amounts paid to a mall for rent.
2.Basic journal entries
The following April transactions pertain to the Jennifer Royall Company:
Apr. 1
Jennifer Royall invested cash of $15,000 and land valued at $10,000into the business.
Apr.5
Provided $1,200 of services to Jason Ratchford, a client, on account.
Apr.9
Paid $250 of salaries to an employee.
Apr.14
Acquired a new computer for $3,200, on account.
Apr.20
Collected $800 from Jason Ratchford for services provided on April 5.
Apr.24
Borrowed $7,500 from BestBanc by securing a six-month loan.
Prepare journal entries (and explanations) to record the preceding transactions and events.
3. Balance sheet preparation. The following data relate to Preston Company as of December 31, 20XX:
Building $44,000 Accounts receivable $24,000
Cash 17,000 Loan payable 30,000
J. Preston, Capital 65,000 Land 21,000
Accounts payable ?
Prepare a balance sheetas of December 31, 20XX. (See Exhibit 1.1 and 1.4)
4. Basic transaction processing. On November 1 of the current year, Richard Parker established a sole proprietorship. The following transactions occurred during the month:
1: Parker invested $19,000 into the business for $19,000 in common stock.
2: Paid $9,000 to acquire a used minivan.
3: Purchased $1,800 of office furniture on account.
4: Performed $2,100 of consulting services on account.
5: Paid $300 of repair expenses.
6: Received $800 from clients who were previously billed in item 4.
7: Paid $500 on account to the supplier of office furniture in item 3.
8: Received a $150 electric bill, to be paid next month.
9: Parker withdrew $600 from the business.
10: Received $250 in cash from clients for consulting services rendered.
Instructions
a. Arrange the following asset, liability, and owner’s equity elements of the accounting equation: Cash, Accounts Receivable, Office Furniture, Van, Accounts Payable, Common Stock/Dividends, and Revenues/Expenses. (See Exhibit 1.5)
b. Record each transaction on a separate line. After all transactions have been recorded, compute the balance in each of the preceding items.
c. Answer the following questions for Parker.
(1) How much does the company owe to its creditors at month-end? On which financial statement(s) would this information be found? ...
Bba203 financial accounting...
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Brief Exercise 4-2Brisky Corporation had net sales of $2,400,000 a.docx
Brief Exercise 4-2
Brisky Corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2014. Expenses for 2014 were cost of goods sold $1,450,000; administrative expenses $212,000; selling expenses $280,000; and interest expense $45,000. Brisky’s tax rate is 30%. The corporation had 100,000 shares of common stock authorized and 70,000 shares issued and outstanding during 2014. Prepare a single-step income statement for the year ended December 31, 2014.
(Round earnings per share to 2 decimal places, e.g. 1.48.)
BRISKY CORPORATION
Income Statement
For the Year Ended December 31, 2014
$
$
$
$
$
$
$
$
:
:
$
[removed]
Brief Exercise 18-2
Adani Inc. sells goods to Geo Company for $11,000 on January 2, 2014, with payment due in 12 months. The fair value of the goods at the date of sale is $10,000.
Prepare the journal entry to record this transaction on January 2, 2014.
(Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Jan. 2, 2014
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
How much total revenue should be recognized on this sale in 2014?
Total revenue
$
[removed]
Brief Exercise 18-5
Jansen Corporation shipped $20,000 of merchandise on consignment to Gooch Company. Jansen paid freight costs of $2,000. Gooch Company paid $500 for local advertising, which is reimbursable from Jansen. By year-end, 60% of the merchandise had been sold for $21,500. Gooch notified Jansen, retained a 10% commission, and remitted the cash due to Jansen.
Prepare Jansen’s entry when the cash is received.
(Round answers to 0 decimal places, e.g. 1,525. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
(
To record the cash remitted to Jansen.
)
[removed]
[removed]
[removed]
[removed]
[removed]
[removed]
(To record the cost of inventory sold on consignment.)
Brief Exercise 18-6
Telephone Sellers Inc. sells prepaid telephone cards to customers. Telephone Sellers then pays the telecommunications company, TeleExpress, for the actual use of its telephone lines. Assume that Telephone Sellers sells $4,000 of prepaid cards in January 2014. It then pays TeleExpress based on usage, which turns out to be 50% in February, 30% in March, and 20% in April. The total payment by Telephone Sellers for TeleExpress lines over the 3 months is $3,000.
Indicate how much income Telephone Sellers should recognize in January, February, March, and April.
January income
$
[removed]
February income
$
[removed]
March income
$
[removed]
April income
$
[removed]
6 years ago
13.05.2016
20
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Answer
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Assignment 4 Excel ProblemsAt the end of each module, you will ap.docx
Assignment 4: Excel Problems
At the end of each module, you will apply the module’s concepts by completing a comprehensive assignment from the textbook.
Complete these problems from your text book: (
P1-44B page 47
&
P2-46B page 111
) related to transaction analysis, journal entries for typical business transactions, adjusting entries and preparation of the trial balance and adjusted trial balance.
Present your analysis of the assigned problems in Excel format. Enter non-numerical responses in the same worksheet using textboxes.
By
Wednesday, April 23, 2014
deliver your assignment to the
M1: Assignment 4 Dropbox.
P1-44B
Preparing financial statements and evaluating business performance.
Accent Photography works weddings and prom-type parties. The balance of capital was $20,000 at December 31, 2010. At December 31, 2011, the business’ accounting records show these balances:
Insurance expense
$8,000
Cash
$31,000
Accounts payable
$6,000
Advertising Expense
$1,000
Service revenue
$81,000
Owner withdrawal
$15,000
Accounts receivable
$10,000
Note payable
$12,000
Owner equity
?
Salary expense
$27,000
Equipment
$60,000
Owner Investment
$33,000
Prepare the following statements for Accent Photography for the year end December 31, 2011:
Income statement
Statement of owner’s equity
Balance sheet
P2-46B
Analyzing and journalizing transactions, posting, and preparing trial balance.
Warren Smith practices medicine under the business title Warren Smith, M.D. During April, the medical practice completed the following transactions:
Apr 1
Smith deposited $78,000 cash in the business bank account. The business gave capital to Smith.
Apr 5
Paid monthly rent on medical equipment, $780.
Apr 9
Paid $18,000 cash to purchase land for an office site.
Apr 10
Purchased supplies on account, $1,200.
Apr 19
Borrowed $20,000 from the bank for business use. Smith signed a note to the bank in the name of the business.
Apr 22
Paid $800 on the account.
Apr 30
Revenue earned during the month included $5,900 cash and $4,900 on account.
Apr 30
Paid employees’ salaries $2,000, office rent$1,800, and utilities $420. Make a single compound entry.
Apr 30
Owner withdrew $9,000.
The business uses the following accounts:
Cash; Accounts receivable; supplies; Land; Accounts payable; Notes payable; Warren Smith, capital; Warren Smith, withdrawals; Service revenue; Salary expense; rent expense; Utility expense.
Journalize each transaction, as shown for April. Explanations are not required.
April 1
Cash
$78,000
Warren Smith, Capital
$78,000
Post the transactions to the T-accounts, using transaction dates as posting reference in the ledger accounts. Label the balance of each account balance as shown in chapter
Prepare the trial balance of Warren Smith, M.D., at April 30, 2010.
.
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6. Entry and trial balance preparation. Lee Adkins is a portra.docx
6.
Entry and trial balance preparation
. Lee Adkins is a portrait artist. The following schedule represents Lee’s combined chart of accounts and trial balance as of May 31.
Account number
Account name
Debit
Credit
110
Cash
$ 2,700
120
Accounts Receivable
12,100
130
Equipment and Supplies
2,800
140
Studio
45,000
210
Accounts Payable
$2,600
310
Lee Adkins, Capital
57,400
320
Lee Adkins, Drawing
30,000
410
Professional Fee Revenue
39,000
510
Advertising Expense
2,300
520
Salaries Expense
2,100
540
Utilities Expense
2,000
$99,000
$99,000
The general ledger also revealed account no. 530, Legal and Accounting Expense. The following transactions occurred during June:
6/2
Collected $3,000 on account from customers
6/7
Sold 25% of the equipment and supplies to a young artist for $700 cash
6/10
Received a $300 invoice from the accountant for preparing last quarter's financial Statements.
6/15
Paid $1,900 to creditors on account.
6/27
Adkins withdrew $2,000 cash for personal use.
6/30
Billed a customer $3,000 for a portrait painted this month.
a. Record the necessary journal entries for June on page 2 of the company’s general journal. (See Exhibit 2.6)
b. Open running balance ledger “T” accounts by entering account titles, account numbers, and May 31 balances. (See exhibit 2.3 and 2.4)
c. Post the journal entries to the “T” accounts.
d. Prepare a trial balance as of June 30. (See exhibit 2.9)
7. Journal entry preparation.
On January 1 of the current year, Peter Houston invested $80,000 cash into his companyMuniServ.The cash was obtained from an owner investment by Peter Houston of $50,000 and a $30,000 bank loan. Shortly thereafter, the company acquired selected assets of a bankrupt competitor. The acquisition included land ($10,000), a building ($40,000), and vehicles ($10,000). MuniServ paid $45,000 at the time of the transaction and agreed to remit the remaining balance due of $15,000 (an account payable) by February 15.
During January, the company had additional cash outlays for the following items:
Purchases of store equipment
$4,600
Note payment
500
Salaries expense
2,300
Advertising expense
700
The January utility bill of $200 was received on January 31 and will be paid next month. MuniServ rendered services to clients on account amounting to $9,400.
All customers have been billed; by month end, $3,700 had been received in settlement of account balances.
Instructions
a.
Present journal entries that reflect MuniServ's January transactions, including the $80,000raised from the owner investment and loan. (See exhibit 2.6)
b.
Compute the total debits, total credits, and ending balance that would befound in the company's Cash account. (Post to “T” Accounts, see exhibit 2.3 and 2.4)
c.
Determine the amount that would be shown on the January 31 trial balance for Accounts
Payable. Is the balance a debit or a credit?
.
Similar to Option #2 Percentage of Sales Method The Miko Company CaseOn Jan.docx (19)
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AWeek One Exercise AssignmentBasic Accounting Equations1.Recog.docx
Brief Exercise 4-2Brisky Corporation had net sales of $2,400,000 a.docx
Brief Exercise 4-2Brisky Corporation had net sales of $2,400,000 a.docx
Assignment 4 Excel ProblemsAt the end of each module, you will ap.docx
Assignment 4 Excel ProblemsAt the end of each module, you will ap.docx
6. Entry and trial balance preparation. Lee Adkins is a portra.docx
6. Entry and trial balance preparation. Lee Adkins is a portra.docx
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OVERVIEWWrite a 3–4-page assessment in which you examine how adver.docx
OVERVIEW
Write a 3–4-page assessment in which you examine how advertising manipulates emotions, particularly fear.
Fear is not only a powerful emotion but also a powerful motivator. Advertisers know this and use fear appeal in advertising messages as a tactic to motivate their target audience into behaving in a certain way.
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By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
•
Competency 2: Apply social psychological research and theory to examine social perception, social interaction, and social influence.
•
Describe the emotional tone of advertising.
•
Describe the behavior promoted in advertising.
•
Apply a theory or concept related to social psychology to explain the effectiveness of appealing to fear in advertising.
•
Competency 3: Analyze social psychological theory and research to explain personal, professional, and social issues.
•
Explain the social conditions that foster fear.
•
Explain how individual differences and perceptions perpetuate fearfulness.
•
Competency 7: Communicate in a manner that is scholarly, professional, and consistent with expectations for professionals in the field of psychology.
•
Write coherently to support a central idea with correct grammar, usage, and mechanics as expected of a psychology professional.
Use APA format and style
CONTEXT
Another aspect of human functioning—emotion—has proven to be even more challenging to study than cognition. There are so many theories on emotions, but none are all inclusive; therefore, emotions continue to be mysterious, and the study of emotions is considered a work in progress. Emotions appear to be out of conscious control, yet they provide feedback that aids in self-understanding and information about our perceptions of the social world.
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It is important to examine the purpose that emotions serve to us as individuals, and how they promote our cultural animal nature (Baumeister & Bushman, 2014). Equally important is looking at how emotions are both helpful and hurtful in decision making, and to what extent our emotions may be manipulated by others, such as in marketing that appeals to emotion. Emotional regulation is part of emotional intelligence. Without an ability to self-regulate emotion, a concept known as affect regulation, emotions can fuel depression, aggression, and other self-defeating behaviors.
Reference
Baumeister, R. F., & Bushman, B. J. (2014).
Social psychology & human nature
(3rd ed.). Belmont, CA: Wadsworth.
QUESTIONS TO CONSIDER
•
To deepen your understanding, you are encouraged to consider the questions below and discuss them with a fellow learner, a work associate, an interested friend, or a member of the business community.
•
When was the last time you were consciously affected by an ad you saw on TV? How did it affect you? Why did it affect you?
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Why is.
Overview Write a 2–3-page assessment in which you respond to a ser.docx
Overview
Write a 2–3-page assessment in which you respond to a series of questions about the field of biopsychology and the brain.
Biopsychology, also known as behavioral neuroscience, has become a well-established multidisciplinary study that uses complicated techniques to reveal the relationship between brain functions and human behaviors.
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By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
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Competency 1: Use information technology and tools to identify information in the domain of biological psychology.
â–ª
Describe the different regions of the brain and the associated functions.


â–ª
Describe the ethical concerns connected to biopsychology research.


•
Competency 2: Employ critical and creative thinking to evaluate problems, conflicts, and unresolved issues in the study of biological psychology.


â–ª
Explain the mind-brain problem.


â–ª
Describe the origin of biopsychology.


•
Competency 3: Analyze the research methodology and tools typically associated with the study of biological psychology.


â–ª
Describe scientific methods used by scientists to study the brain.


•
Competency 6: Communicate effectively in a variety of formats.
â–ª
Write coherently to support a central idea with correct grammar, usage, and mechanics as expected of a


psychology professional.


â–ª
Use APA style and format.


Context


As a branch of psychology, contemporary biopsychology studies the relationships between behavior and (mainly) the brain. Before this central hypothesis was established, the popular mind-brain questions raised in history included "What is the mind?" and "Does the mind control the brain or vice-versa?" Numerous scientists, psychologists, philosophers, and other scholars answered these questions differently and developed a variety of theories to explain their rationale.


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Action Potential


The brain is part of the nervous system. A particularly important aspect of the nervous system is how neurons "fire," or act to transmit information. This process is known as the action potential and is governed by several different factors, including neurotransmitters and electrolytes.


Action potentials are subject to several laws. For instance, according to the all-or-none principle, an action potential occurs at full strength or not at all. This theory has been a foundation of the studies


of the brain and the theory is widely applied in today's medicine as well as the computer world and the robot industry.
Nature or Nurture?
The relationship between heredity and the environmental influence in shaping behavior has long been the topic of studies. The history of biological psychology development includes the contributions of Descartes, Fritsch, and Hitzig, Helmholtz, Broca, Gall, and Lashley. One of the most exciting scientific discoveries in the twentieth centu.
P2P Websites and ProgramsWebsites such as YouTube creates a un.docx
P2P Websites and Programs
Websites such as YouTube creates a unique environment where people can share videos. The problem is that it allows people to place material on the Internet against Copyright laws. Normally YouTube takes down Copyrighter material very quickly. Government officials also spend a large amount of times on searching out violators of Copyright laws because of the availability of P2P websites and programs. Do you think this is a legitimate use of law enforcement resources or a waste of time because of the problem is too prevalent? Take a stance supporting either side. Write a 1 ½ to 2 (using APA style formatting) paper supporting your argument. No plagiarism, USA sources and done on time no later.
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P9-7A Prepare entries for various receivable transactions..docx
P9-7A
Prepare entries for various receivable transactions
.
(
LO 1
,
2
,
3
,
4
)
On January 1, 2017, Harter Company had Accounts Receivable $139,000, Notes Receivable $25,000, and Allowance for Doubtful Accounts $13,200. The note receivable is from Willingham Company. It is a 4-month, 9% note dated December 31, 2016. Harter Company prepares financial statements annually at December 31. During the year, the following selected transactions occurred.
Jan.
5
Sold $20,000 of merchandise to Sheldon Company, terms n/15.
20
Accepted Sheldon Company's $20,000, 3-month, 8% note for balance due.
Feb.
18
Sold $8,000 of merchandise to Patwary Company and accepted Patwary's $8,000, 6-month, 9% note for the amount due.
Apr.
20
Collected Sheldon Company note in full.
30
Received payment in full from Willingham Company on the amount due.
May
25
Accepted Potter Inc.'s $6,000, 3-month, 7% note in settlement of a past-due balance on account.
Aug.
18
Received payment in full from Patwary Company on note due.
25
The Potter Inc. note was dishonored. Potter Inc. is not bankrupt; future payment is anticipated.
Sept.
1
Sold $12,000 of merchandise to Stanbrough Company and accepted a $12,000, 6-month, 10% note for the amount due.
Instructions
Journalize the transactions.
.
OVERVIEWWrite a 4–5-page assessment in which you apply theories .docx
OVERVIEW
Write a 4–5-page assessment in which you apply theories and concepts about prejudice, stereotypes, and groups to different points related to these topics.
Prejudice and stereotyping seem to be part of the human condition, and it is essential to examine how attitudes develop in order to change our behavior as individuals and as a society.
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By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
•
Competency 2: Apply social psychological research and theory to examine social perception, social interaction, and social influence.
•
Examine how attitudes and behaviors of a group influence prejudice and stereotyping.
•
Explain how membership in a group influences social judgment.
•
Competency 3: Analyze social psychological theory and research to explain personal, professional, and social issues.
•
Analyze how portrayal of ethnic, cultural, and social groups by the media influences social perception of the group and perpetuates stereotyping.
•
Analyze how subtle stereotyping and cognitive dissonance can affect the ability to bring about social change.
•
Competency 5: Examine controversial research studies in social psychology from an ethical standpoint.
•
Describe ethical challenges researchers face when conducting research on controversial topics.
•
Competency 6: Apply critical thinking skills to resolve conflicts and issues in the field of social psychology.
•
Examine the implications and consequences for society of not addressing prejudice and stereotyping.
•
Competency 7: Communicate in a manner that is scholarly, professional, and consistent with expectations for professionals in the field of psychology.
•
Write coherently to support a central idea with correct grammar, usage, and mechanics as expected of a psychology professional.
Use APA format and style.
CONTEXT
Prejudice occurs all over the world, often contributing to violence, oppression, and other forms of harm. What are the distinctions between stereotypes, discrimination, and prejudice? When do stereotypes become prejudices? Racism and sexism occur across races, ages, genders, religions, physical appearances, sexual orientations, and so on. Prejudice creates emotional, physical, and economic harm to individuals, groups, and society as a whole. But what factors create prejudice, and how can prejudice be reduced? What role do media play in both maximizing and minimizing stereotypes and prejudices? By examining how prejudices are cultivated and the damage they cause, we can begin to see how we might overcome and prevent prejudice.
Groups
Anyone who has worked in teams knows the challenges of working as a team but also the synergistic accomplishments that come when the team works well together. The fact is that, as cultural animals, we are required to be part of groups of varying types and sizes. Social psychology seeks to answer important questions that assist us in und.
OVERVIEWwWrite a 3–4-page assessment in which you use exampl.docx
OVERVIEW
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Write a 3–4-page assessment in which you use examples and research findings to explain the connections between technology and self-regulation.
The more self-knowledge and self-awareness we have, the more intentional we can be about our behavioral choices and the more we can resolve conflicts between ourselves and the social world.
CONTEXT
Research conducted on the delay of gratification in the 1960s by Walter Mischel and his colleagues attempted to explain the concept of willpower by examining how long preschool children could resist settling for a small, immediately available reward in order to get a larger reward later. Follow-up surveys with the same group found that children who were able to resist for a longer period of time also scored higher on SAT tests, had higher levels of self-worth, and coped better with stress. The study also found that those children who had at first decided to wait and then chose the immediate reward were 30 percent more likely to be overweight by the age of 11 (Mischel, et al., 2011). Some of the ways the children self-regulated their behavior in order to delay gratification to receive a higher reward were to lay their heads down on the table, nap, talk to themselves, and sing.
QUESTIONS TO CONSIDER
To deepen your understanding, you are encouraged to consider the questions below and discuss them with a fellow learner, a work associate, an interested friend, or a member of the business community.
If you could learn how your thoughts may interfere with your own happiness and success, would you want to know?
RESOURCES
Suggested Resources
The following optional resources are provided to support you in completing the assessment or to provide a helpful context. For additional resources, refer to the Research Resources and Supplemental Resources in the left navigation menu of your courseroom.
Library Resources
The following e-books or articles from the Capella University Library are linked directly in this course. It is important to note that some of the articles listed here are fairly old but are considered seminal works in the field of social psychology.
•
Boer, D., & Fischer, R. (2013).
How and when do personal values guide our attitudes and sociality? Explaining cross-cultural variability in attitude–value linkages
.
Psychological Bulletin
,
139
(5), 1113–1147.
•
Burnette, J. L., O'Boyle, E. H., VanEpps, E. M., Pollack, J. M., & Finkel, E. J. (2013).
Mind-sets matter: A meta-analytic review of implicit theories and self-regulation
.
Psychological Bulletin
,
139
(3), 655–701.
•
Casey, B. J., Somerville, L. H., Gotlib, I. H., Ayduk, O., Franklin, N. T., Askren, M. K., & . . . Shoda, Y. (2011).
Behavioral and neural correlates of delay of gratification 40 years later
.
Proc Natl Acad Sci U S A
,
108
(36), 14998–15003.
•
Crabb, P. B. (2003).
Technology and self-regulation: The case of alarm clock use
.
Social Behavior and Personality
,
31
(4), 343–348.
•
Hu, H., & Driscoll, M. P. (2.
OverviewToddlers are on a fast moving developmental trajectory – t.docx
Overview
Toddlers are on a fast moving developmental trajectory – they are no longer dependent babies focused on survival. Instead, they are running, jumping, and problem-solving with unique personalities. Toddlerhood is a fun and exciting time as children are developing physically, cognitively, linguistically, and socially. There is a significant increase in language acquisition during toddlerhood as they are producing more words and following simple directions.
According to the National Association for the Education of Young Children, families and professionals can serve as role models during this stage by demonstrating kindness, respect, and patience. As professionals we must recognize that toddlers need guidance, support, and understanding, as they are trying to navigate their own independence.
Initial Post
– Choose two of the following topics below:
Individuation/separation
Separation anxiety
Language development
Object permanence
Egocentrism
Conservation
Zone of proximal development
Self-help skills
Safety for toddlers
Next, address the following:
Explain and define the specific topics that you selected.
Discuss how you, as an educator (or other professional role such as therapist, social worker, etc.) can support a toddler in this stage of development by giving specific examples.
Explain what is happening during this stage from a developmental perspective. (e.g. what are the cognitive, physical changes they are experiencing and why are they experiencing these changes)
What advice would you give to parents and families who are having a difficult time adjusting to their toddler?
.
OVERVIEWWrite a 3–4-page assessment in which you use research ar.docx
OVERVIEW
Write a 3–4-page assessment in which you use research articles to examine how social connections and support can promote physical and mental health.
Social psychology can help us understand our relationships with others.
SHOW LESS
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
•
Competency 2: Apply social psychological research and theory to examine social perception, social interaction, and social influence.
•
Explain how research findings in the field of social psychology can help individuals understand relationships with others.
•
Competency 4: Examine the research methods frequently used in the study of social psychology.
•
Describe the data collection methods used in research studies in the field of social psychology.
•
Describe the designs used in research studies in the field of social psychology.
•
Explain arguments made by researchers in the field of social psychology.
•
Explain research findings in the field of social psychology.
•
Competency 7: Communicate in a manner that is scholarly, professional, and consistent with expectations for professionals in the field of psychology.
•
Write coherently to support a central idea with correct grammar, usage, and mechanics as expected of a psychology professional.
Use APA format and style.
CONTEXT
What causes people to be drawn to one another? What happens when one experiences rejection? Human beings are wired for relationships. Unlike some species that do not organize socially, such as koalas and jaguars, humans need relationships. We are what Baumeister and Bushman refer to as cultural animals, immersing ourselves within social groups. Humans engage in relationships of all kinds from family, acquaintances and friends, to romantic partners. Belonging is a basic human need (Baumeister & Bushman, 2014).
QUESTIONS TO CONSIDER
•
To deepen your understanding, you are encouraged to consider the questions below and discuss them with a fellow learner, a work associate, an interested friend, or a member of the business community.
•
What causes people to be drawn to one another?
•
What happens when one experiences rejection?
RESOURCES
Resources
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Suggested Resources
The following optional resources are provided to support you in completing the assessment or to provide a helpful context. For additional resources, refer to the Research Resources and Supplemental Resources in the left navigation menu of your courseroom.
Library Resources
The following e-books or articles from the Capella University Library are linked directly in this course.
Note
: Some of the articles listed are fairly old and are included here because they are considered seminal works in the field.
•
Cockshaw, W. D., Shochet, I. M., & Obst, P. L. (2013).
General belongingness.
OVERVIEWWrite a 3–4-page assessment in which you observe and des.docx
OVERVIEW
Write a 3–4-page assessment in which you observe and describe pro- and antisocial behaviors, apply a theory or concept from social psychology to explain these behaviors, and examine the role of media in promoting pro-social behavior.
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
SHOW LESS
•
Competency 2: Apply social psychological research and theory to examine social perception, social interaction, and social influence.
•
Describe pro-social behavior depicted in media.
•
Describe antisocial behavior depicted in media.
•
Apply a theory or concept related to social psychology to explain factors that influence behavioral decisions.
•
Competency 3: Analyze social psychological theory and research to explain personal, professional, and social issues.
•
Examine how media can promote pro-social behavior.
•
Competency 7: Communicate in a manner that is scholarly, professional, and consistent with expectations for professionals in the field of psychology.
•
Write coherently to support a central idea with correct grammar, usage, and mechanics as expected of a psychology professional.
•
Use APA format and style.
CONTEXT
In the language of social psychology, pro-social behaviors are those that promote the well-being of members of society and society as a whole, such as cooperation, fairness, helping, and forgiveness, while antisocial behavior is behavior that is dismissive or harmful to others. Aggression and violence are part of antisocial behavior; however, antisocial behavior also includes behaviors such as cheating, lying, littering, and stealing (Baumeister & Bushman, 2014).
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Are people more or less likely to receive help when there are a lot of people around versus only one or two people? What are people willing to sacrifice for the good of others? As professionals, if we know the answers to these questions and to others that concern conditions that promote pro-social or antisocial behavior, we can actively and effectively work to promote pro-social choices and minimize antisocial actions.
Reference
Baumeister, R. F., & Bushman, B. J. (2014).
Social psychology & human nature
(3rd ed.). Belmont, CA: Wadsworth.
QUESTIONS TO CONSIDER
To deepen your understanding, you are encouraged to consider the questions below and discuss them with a fellow learner, a work associate, an interested friend, or a member of the business community.
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•
What do people do in order to make possible the success of their cultural and social groups?
•
Are people more or less likely to receive help when there are a lot of people around versus only one or two people?
What are people willing to sacrifice for the good of others? As professionals, if we know the answers to these questions and to others that .
OVERVIEWWrite a 5–7-page assessment in which you examine the con.docx
OVERVIEW
Write a 5–7-page assessment in which you examine the controversy related to research and ethics in the field of social psychology.
It is essential to be able to critically analyze the research methods used in studies, in order to weigh the validity of the conclusions or recommendations.
SHOW LESS
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
•
Competency 1: Apply information literacy and research skills to locate scholarly information in the field of social psychology.
•
Use valid, scholarly research resources relevant to the field of social psychology.
•
Competency 4: Examine the research methods frequently used in the study of social psychology.
•
Describe the impact of controversial research studies on the human participants.
•
Competency 5: Examine controversial research studies in social psychology from an ethical standpoint.
•
Explain how controversial research studies contributed to the development of ethical standards in the field of psychology.
•
Develop evidence-based arguments for and against controversial research studies in the field of social psychology.
•
Describe what controversial research studies revealed about conformity and obedience to authority.
•
Competency 6: Apply critical thinking skills to resolve conflicts and issues in the field of social psychology.
•
Determine whether knowledge gained justifies controversial research studies in the field of social psychology.
•
Competency 7: Communicate in a manner that is scholarly, professional, and consistent with expectations for professionals in the field of psychology.
•
Write coherently to support a central idea with correct grammar, usage, and mechanics as expected of a psychology professional.
Use APA format and style.
CONTEXT
Is conformity good or bad? Are people willing to hurt one another just because an authority told them to? Some of the most fascinating research results about human behavior were intending to answer these very questions. The results on the topics of social conformity and obedience to authority revealed some disturbing revelations about human behavior and about potential harm to participants in research. The studies and their results had tremendous implications for the field on how we conduct research—and on how we understand the influence of social pressure and leadership. Because of the significant implications in both research and application, these studies have been some of the most controversial and hotly debated topics in psychology.
QUESTIONS TO CONSIDER
To deepen your understanding, you are encouraged to consider the questions below and discuss them with a fellow learner, a work associate, an interested friend, or a member of the business community.
•
Is deception always necessary when conducting research in social psychology with human participants?
Do the insights gained from research justify deceiving people?
RESOUR.
Overview Write 5–6 pages in which you discuss practical ways to ap.docx
Overview
Write 5–6 pages in which you discuss practical ways to apply to your life your understanding about individual differences in learning and memory, based on three peer-reviewed research articles that help you understand individual learning differences.
In this assessment, you will be able to apply the knowledge you have gained regarding individual differences and learning and memory, in your personal or professional life.
Show More
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
•
Use information technology and tools to identify information in the domain of learning and cognition.
▪
Summarize scholarly research articles.
•
Assess the important theories, paradigms, research findings, and conclusions in human learning and cognition.
▪
Apply research findings to a particular research situation.
•
Analyze the research methodology and tools typically associated with the study of human learning and cognition.
▪
Describe the methods and measures used in research that seeks to understand individual learning differences.
•
Apply knowledge of theory and research in learning and cognition to inform personal behavior, professional goals, and values, in order to understand social policy.
▪
Apply knowledge of theory and research in learning and cognition to inform personal and professional behavior.
•
Communicate effectively in a variety of formats.
▪
Write coherently to support a central idea in appropriate APA format with correct grammar, usage, and
mechanics as expected of a psychology professional.
Context
African explorer and geographer, meteorologist, psychologist, statistician, and geneticist Sir (knighted in 1909) Francis Galton—cousin to Charles Darwin—lived a life of extraordinary measures, literally. In Galton's biography, Extreme Measures: The Dark Visions and Bright Idea of Francis Galton , Martin Brookes (2004) writes:
His measuring mind left its mark all over the scientific landscape. Explorer, inventor, meteorologist, psychologist, anthropologist and statistician, Galton was one of the great Victorian polymaths.
But it was in the fledgling field of genetics that he made his most indelible impression. Galton kick-started the enduring nature-nurture debate, and took hereditary determinism
to its darkest extreme. Consumed by his eugenic
1
vision, he dreamed of a future society built on a race of pure-breeding supermen. (p. 3)
Show More
1
According to the Oxford American Dictionary, eugenics is the "science of improving a human population by controlled breeding to increase the occurrence of desirable heritable characteristics. Developed largely by Francis Galton as a method of improving the human race, it fell into disfavor only after the perversion of its doctrines by the Nazis."
As you explore this idea, consider how differences in both biology and social environment impact how people learn .
Overview Write 5–6 pages in which you examine how conditioning cha.docx
Overview
Write 5–6 pages in which you examine how conditioning changes some of your own behaviors.
While modern research in psychology is not explicitly behaviorist in its approach, behaviorism is still relevant in certain areas today. For example, it is often taken for granted today that objective, quantitative measures will be used, as opposed to the introspective reports that were used in many types of research in the early 1900s.
Show More
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
•
Competency 1: Use information technology and tools to identify information in the domain of learning and cognition.
▪
Summarize a scholarly research article regarding the treatment of phobias.
•
Competency 2: Assess the important theories, paradigms, research findings, and conclusions in human learning and cognition.
▪
Describe aspects of a scholarly research article that reflects behaviorist principles.
▪
Analyze how behaviorism is relevant today.
•
Competency 5: Apply knowledge of theory and research in learning and cognition to inform personal behavior, professional goals, and values in order to understand social policy.
▪
Apply behaviorist theory and research to personal learning experiences.
•
Competency 6: Communicate effectively in a variety of formats.
▪
Write coherently to support a central idea in appropriate APA format with correct grammar, usage, and
mechanics as expected of a psychology professional.
•
Context
•
Stimulus Learning
Psychologists who study learning in humans and other animals examine an event's relationship (or association) to a stimulus or stimuli. Some argue that this associative relationship underlies all instances of learning; others make distinctions between associative and non-associative, or stimulus, learning. This assessment focuses on the latter—single-event, non-associative learning and the waxing and waning of habituation.
Show More
The
Assessment 2 Context
document contains additional key information about stimulus learning, covering the following topics:
• Classical Conditioning.
• Instrumental Conditioning
•
Questions To Consider
•
To deepen your understanding, you are encouraged to consider the questions below and discuss them with a fellow learner, a work associate, an interested friend, or a member of the business community.
Show More
•
How do non-associative learning and associative learning differ? That is, how is each defined, studied, and
exemplified?
How has associative learning (that is, stimulus learning), including habituation and sensitization, been studied?
•
What is the difference between habitual learning and perceptual learning?
•
Is habituation a form of learning?
•
What is the connection between exposure therapies and habituation?
•
How is classical conditioning defined, and how is it different from other forms of conditioning?
•
Wha.
OverviewOur first writing assignment centered upon the definition .docx
Overview
Our first writing assignment centered upon the definition of the sociological viewpoint toward social problems, and an identification of a social problem that we felt was one of the most significant in society. For this next paper, we will expand upon our understanding of the social problem through analyzing the organizations that are committed to addressing it. For example, with respect to the problems of homelessness, we see a variety of local and national level organizations that seek to enable people the opportunity to have permanent housing. Habitat for Humanity would be an excellent example of an organization that deals with such a concern. In the same sense, we may look at the Salvation Army as a type of organization committed to helping impoverished people, or people recently released from prison or drug treatment, to find gainful employment and reclaim a quality-of-life. Your job in this paper will be to do your own independent research on two organizations that are committed to the social problem chosen in the first writing assignment. This will ultimately lead to our final paper in which we’ll examine the future of the social problem.
Instructions
Construct a 2-4 page paper that fully satisfies these two areas:
Based upon your topic chosen in the first assignment, or based upon an entirely new topic of your choice, describe two organizations (Feel free to do your own independent research on these organizations) that is seeking to address this social problem. (1-2 pages).
Note: If you do change topics please get prior approval from you instructor.
Analyze two major ways that each organization is addressing the social problem you have mentioned. For example, are they helping to create homeless shelters, are they helping people receive drug treatment, or are they working with state and local authorities to curb suffering in some area?
Use at least four concepts or theories from our text (not used in our first assignment) for each organization. Don’t forget to include proper APA-style citation and reference. (worth 10% of total grade).
Due on by midnight the Sunday of Week 5 – submit using link in Sakai.
The paper should be typed, double-spaced, 1” margins, arial or times new roman 11 pt font, and saved as .doc, .rtf or .pdf in the format: lastname_SOCI212_HW2.doc
DISCLAIMER: Originality of attachments will be verified by Turnitin. Both you and your instructor will receive the results.
LATE POLICY:
See Syllabus
Course Objectives and Learning Outcomes:
Assignment 2 will evaluate your ability to do the following:
Course Objectives:
Course Objective One
Identify specific social problems and their cause-effect patterns.
Course Objective Two
Identify current research methods that are utilized for the investigation of social problems.
Course Objective Three
Compare and contrast current and suggested policies, programs, and/or treatments in terms of their effectiveness for alleviating the negative consequences of social problem.
Overview Write 5–6 pages in which you examine your own ways of lea.docx
Overview
Write 5–6 pages in which you examine your own ways of learning something new, based on your research of at least three different types of theories of learning.
In this assessment, you will be able to develop strategies based on learning theory to improve learning in a particular situation.
Show More
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
•
Competency 1: Use information technology and tools to identify information in the domain of learning and cognition.
▪
Summarize theories associated with learning and cognition.
•
Competency 2: Assess the important theories, paradigms, research findings, and conclusions in human learning and cognition.
▪
Apply theories to a particular learning experience.
•
Competency 4: Employ critical and creative thinking to problems, conflicts, and unresolved issues in the study of human learning and cognition.
▪
Develop strategies based on learning theory to improve learning in a particular situation.
•
Competency 5: Apply knowledge of theory and research in learning and cognition to inform personal behavior, professional goals, and values, in order to understand social policy.
▪
Apply knowledge of theory and research in learning and cognition to inform personal and professional behavior.
•
Competency 6: Communicate effectively in a variety of formats.
▪
Write coherently to support a central idea in appropriate APA format with correct grammar, usage, and
mechanics as expected of a psychology professional.
•
Context
•
Verbal Learning
According to Hockenbury and Hockenbury (2003):
Forgetting is the inability to recall information that was previously available. Forgetting is so common that our lives are filled with automatic reminders to safeguard against forgetting important information. Cars are equipped with buzzers so you don't forget to put on your seatbelt or turn off your lights. News announcements remind you to reset your clocks as daylight saving time begins or ends. Dentists thoughtfully send brightly colored postcards so that your appointment doesn't slip your mind.
Sometimes, of course, we want to forget. From the standpoint of a person's psychological well-being, it's probably just as well that we tend to forget the details of unpleasant memories, such as past failures, social embarrassments, and unhappy relationships. Even more generally, our minds would be cluttered with mountains of useless information if we remembered every television program, magazine article, billboard, or conversation we'd ever experienced. (p.260)
•
In the later part of the 19th century, Hermann Ebbinghaus, a German psychologist, conducted the first scientific experiments on learning and forgetting.
•
Spatial, Motor-Skill, and Implicit Learning
•
Is it possible to learn something without any awareness of doing so? It is an intriguing question. Max Sutherland and Alice Sylve.
Overall Instructions to the Research PaperAs you complete this ass.docx
Overall Instructions to the Research Paper
As you complete this assignment, it is important that you keep in mind that the focus of this course is on the management, administration, and/or leadership aspects of criminal justice organizations.
With that in mind, focus your efforts on addressing a problem area and solutions for that problem area that involve the real-world criminal justice community. You must focus on proposing a real-world solution to a real-world problem. This issue must be applicable to the ability of the leadership of a criminal justice agency to take constructive action on the problem(s) and recommendation(s) that you identify and address. In those respects, this assignment is more than a standardized research paper, and provides you with an exposure to problems that real-world criminal justice leaders face.
The Assignment
You will conduct sufficient web research to select a specific criminal justice-related issue/problem that the management, administration, and/or leadership of a major criminal justice organization are, have, or should be addressing. The specific problem and recommended solutions that you may review will vary considerably based upon the quality of your online research efforts. The better your research, the better you will gain knowledge from this assignment. You may relate the issue/problem to an agency/department in the area in which you live or any other area of the United States.
To begin this effort you need take the following steps:
·
Conduct sufficient online research from any web source (including non-scholarly sources) that enables you to identify what you believe to be a major criminal justice management, leadership, and/or administration issue that the community has not addressed on a widescale basis. While you may identify the issue/topic from non-academic quality sources, remember that only scholarly/academic sources maybe used as references in the paper. You will need to be selective in conducting your topical research to insure that you identify an appropriate problem area that merits the attention of the senior management of an agency.
·
Once you have identified the general issue/topic, you will conduct appropriate online research to determine that sufficient scholarly/academic-quality sources of information are available on the subject that you selected. If that does not occur, you need to select a different issue/topic to address. The specific issue that you select to address in the assignment should be based on the volume and quality of web sources that you locate.
·
Once you have identified that a sufficient quantity of academic/scholarly-quality sources are available for your project, you will conduct further detailed web-based research on the issue. First determine that your references address how a particular city, county, state, or federal agency has successfully addressed the issue. The key here is to locate an organization that
has
identified the issue and that
has
already.
Overview Each student will create a detailed, organized, unifi.docx
Overview
Each student will create a detailed, organized, unified technical solution given the scenario described below. The submission will be in a written format, with at least one diagram, and may include additional diagrams, charts or tables. The assignment is meant for students to enhance their mastery of the material and to provide a creative and realistic way in which to apply knowledge from this course.
Scenario
Worldwide Advertising, Inc. (referred to as “WAI”) has hired you as an IT consultant for implementing their Windows network infrastructure. WAI is a new advertising firm, and they are currently hiring staff, establishing two locations, and have a need to get their internal IT services configured. They do not yet have an IT staff, but when they do, the IT staff will take over all aspects of IT administration. You are required to supply WAI with a solution which describes the implementation and configuration of their core IT services. Cost is not a significant concern – WAI wishes to implement the “right” solution to fit their needs now and for the next 2-3 years.
There are several details about WAI which will have an impact on your choices:
·
WAI will start with 90 employees, in the following departments:
o
Executives (9 employees) – manage and run the company
o
Accounts and Sales Department (15 employees) – perform market research and maintain accounts
o
Creative, Media and Production Department (49 employees) – advertising
o
Human Resources and Finances (12 employees) – perform HR and financial duties
o
IT (5 employees) – manage IT for the company
o
WAI will have two sites, one in Los Angeles and one in New York. Most staff will be located in LA, with at least 1 person from each of the departments above located in NY.
·
Networking equipment is already in place for both sites. A secure tunnel (using IPSec) will be established between the two sites so that inter-site traffic will be securely tunneled over the Internet. You may make whatever other assumptions you wish about intra-and inter-site connectivity.
·
Security mechanisms (e.g., firewalls, intrusion detection) will be handled separately, and there is no need to describe them.
·
Some departments will want their data to remain private from other departments (e.g., Finances personnel will not want Production staff to see the company’s financial details). Your team may make assumptions about how data should be shared or kept private.
·
Assumptions can be made regarding any information not included here; all assumptions should be identified, however.
Topics to Cover
Your document should cover the content presented in the course. The outline below contains recommended points to cover. You are free to add other related information.
Describe the technical and business reasons for each choice, citing other resources as appropriate.
The Windows Server 2012 operating system should be used for all aspects of the solution.
The topics include:
New Features of Wind.
Over 600,000 Americans lost their lives in the Civil War, with the N.docx
Over 600,000 Americans lost their lives in the Civil War, with the Northern troops suffering higher losses. The North believed the sacrifice was worth it; the slaves were freed, and the Union was preserved. The South, on the other hand, began almost immediately to glorify the lost cause. They turned their generals into mythic heroes and looked wistfully back at the antebellum period. They almost regretted surrendering.
Historian Shelby Foote said,
Any understanding of this nation has to be based…on an understanding of the Civil War . . . The Civil War defined us as what we are, and it opened us to being what we became, good and bad things. It is very necessary if you’re going to understand the American character in the 20th century to learn about this enormous catastrophe of the mid-19th century. It was the crossroads of our being.
Burns, K. & Burns, R. (Writers). (1990). Episode 1: The cause (1861). In K. Burns (Producer),
The Civil War
. Arlington, VA: Public Broadcasting Service.
Write
a 1,400-word paper in which you answer the following questions:
What do you think Foote meant in the quoted passage? How does the Civil War define Americans?
If the Southern generals like Robert E. Lee and Stonewall Jackson were so brilliant, and if the South lost fewer men than the North, why did the North win the war?
Format
your paper consistent with APA guidelines
.
Over the last few weeks, we have discussed various public problems a.docx
Over the last few weeks, we have discussed various public problems and the various government attempts to alleviate public problems. Considering what you have learned about American Federalism, discuss why solving public problems is incredibly difficult? Which level of government is the most appropriate to deal with public problems such as poverty, healthcare, the environment, or education?
.
Over the course of the term, this course has focused on the concepts.docx
Over the course of the term, this course has focused on the concepts of Individual Rights as protected under the Bill of Rights, as well as the role of the legal systems and its unrelenting pursuit of Social Order. Each concept balances the other to ensure that rules, institutions, and public initiatives can be executed in a standardized and judicious manner for the benefit of a civilized society.
Review the following in preparation to follow a systematic approach to your synthesis of law and fact:
Champion, D. J., Hartley, R. D., & Rabe, G.A. (2012). Chapter 1
Law: The Legal Battlefield. In
Criminal courts: Structure, process, and issues
(3rd ed.). Upper Saddle River, NJ: Pearson Education, Inc.
Write a ten to fifteen (10-15) page paper in which you:
Explain the difference in individual rights and social order, and examine the major effects of both on the legal system overall.
Choose one (1) of the social controls discussed within Chapter 1, and give your opinion as to the amendment which offers the most protection of the social control that you selected. Address whether the chosen Amendment is simply an instrument of protection to ensure that the rights and liberties of citizens are secure, whether it provides a framework to facilitate citizen / governmental interactions, or both. Explain the answer.
Discuss the essentials ways in which the law effectuates social change in American society through judicial activism. Provide a rationale for the response.
Examine the overall importance of both substantive law and procedural law. Suggest three (3) ways in which these two (2) types of laws can protect both individual rights and social order. Discuss the invaluable aspects of substantive and procedural in keeping the adversarial system in balance while protecting individual rights and social order. Justify the response.
Analyze the key differences between criminal law, civil law, and administrative law. Discuss the role of each when criminal and administrative law or civil and administrative law intersects in the litigation process.Propose two (2) ways in which these three (3) types of laws protect individual rights and social order. Justify the response.
Review the three (3) functions of law. Explain the essential manner in which the law overall ensures the existence of adequate order, provides resolutions to conflicts, and protects civil liberties (e.g., freedom of thought, belief, expression, and assembly; protection against unreasonable searches and seizures; and provisions for a court hearing prior to government taking of property) as set forth in the U.S. Constitution.
Debate whether or not social control(s), as a function of law, play a fundamentally positive/creative role or negative / restrictive role in the development of modern American law. Provide a rationale for the response.
Use at least two (2) quality references.
Note:
Wikipedia and other Websites do not quality as academic resources.
Your assignment must follow these.
Outline some of the ethical concerns government agencies should cons.docx
Outline some of the ethical concerns government agencies should consider prior to entering into PPPs with private entities. Use examples from the different industries (housing, healthcare, transportation, infrastructure, social welfare) and think about how the financial aspects, as well as the delivery of services and goods could be affected by unethical partnerships.
350 word count
APA Format
.
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Digital Tools and AI for Teaching Learning and Research
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Option #2 Percentage of Sales Method The Miko Company CaseOn Jan.docx
- 1. Option #2: Percentage of Sales Method: The Miko Company Case On January 1, 2014, the Miko Company had the following accounts on its books: Accounts Receivable: $120,000 (debit) Allowance for Uncollectable Accounts: $4,200 (credit) Assignment Template During the year 2014, credit sales were $260,000 and collections on accounts were $220,000. The following transactions occurred during 2014: January 11, 2014: Wrote off Mora’s account, $1,200. August 30, 2014: Wrote off MyLine’s account, $250. November 20, 2014: Sophy pays $600 of her $1,600 account receivables due. December 1, 2014: Received $3,000 payment on Smith’s accounts receivable, which was previously written off and needs to be restated. December 31, 2014: In an adjusting entry, Miko Company recorded the provision for uncollectable accounts at 1.5% of credit sales for the year. Instructions : Submit the following items in an Excel spreadsheet, labeling each as 1, 2, 3, and 4: The four journal entries (1 to 4 above) with a one-sentence description The allowance for doubtful accounts T-account The journal entry to record bad debt expense The balance sheet presentation of net realizable value, including gross accounts receivables of $42,000