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ACC 291 GUIDE Lifetime Success / acc291guide.com ACC 291 Final Exam Guide (New) FOR MORE CLASSES VISIT www.acc291guide.com Question 1 An aging of a company's accounts receivable indicates that $4,500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 credit balance, the adjustment to record bad debts for the period will require a Question 2 The financial statements of the Melton Manufacturing Company reports net sales of $300,000 and accounts receivable of $50,000 and $30,000 at the beginning of the year and end of year, respectively. What is the average
ACC 291 GUIDE Lifetime Success / acc291guide.com ACC 291 Final Exam Guide (New, 100% Score) FOR MORE CLASSES VISIT www.acc291guide.com 1. The term “receivables” refers to cash to be paid to debtors. merchandise to be collected from individuals or companies. cash to be paid to creditors. amounts due from individuals or companies. 2. Three accountin
ACC 291 GUIDE Lifetime Success / acc291guide.com ACC 291 Final Exam Guide FOR MORE CLASSES VISIT www.acc291guide.com we have another New set of Final Exam Guide which could be found on this link 1)Hahn Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $300,000 and credit sales are $1,200,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Hahn Company make to record the bad debts
ACC 291 GUIDE Lifetime Success / acc291guide.com ACC 291 Week 1 Assignment Comparative Analysis Problem (2 Papers) FOR MORE CLASSES VISIT www.acc291guide.com This Tutorial contains Papers+ Excel Sheet Purpose of Assignment The purpose of this assignment is to help you understand the basics of financial statement analysis using financial ratios on the assets section of the balance sheet, data interpretation, and how ratio
ACC 291 GUIDE Lifetime Success / acc291guide.com ACC 291 Week 1 Wileyplus Assignment E8-4, E8-11, BYP8-1, and BYP8-2 (New) FOR MORE CLASSES VISIT www.acc291guide.com Wiley Plus Assignment Week 1 ·E8-4, E8-11, BYP8-1, and BYP8-2 in MS Excel Exercise 8-4 Wainwright Company Exercise 8-11 Fedex Corporation Broadening your Perspective 8-1 Toots
ACC 291 GUIDE Lifetime Success / acc291guide.com • ACC 291 Week 2 - Fordyce and Atwater (New) • FOR MORE CLASSES VISIT • www.acc291guide.com • P10-5A • Fordyce Electronics issues a $400,000, 8%, 10-year mortgage note on December 31, 2007. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for semiannualinstallment payments, exclusive of real estate taxes and insurance, of $29,433. Payments are due June 30 and December 31.
ACC 291 GUIDE Lifetime Success / acc291guide.com ACC 291 Week 2 Assignment Financial Reporting Problem, Apple Inc FOR MORE CLASSES VISIT www.acc291guide.com Purpose of Assignment The purpose of this assignment is to help you understand the basics of financial statement analysis related to the assets section of the balance sheet, data interpretation, and how financial information is obtained to understand how a company accounts for its long-lived assets. Assignment Steps Resources: Financial Accounting: Tools for
ACC 291 GUIDE Lifetime Success / acc291guide.com ACC 291 Week 2 Textbook Exercise BE 8-8, E8-4, E8-14, E9-4 FOR MORE CLASSES VISIT www.acc291guide.com ACC 291 Week 2 Textbook Exercise BE 8-8, E8-4, E8-14, E9-4 Chapter 8: BE8-8 Determine maturity dates and compute interest and rates on notes. E8-4 The ledger of Macarty Company at the end of the current year shows Accounts Receivable $78,000, Credit Sales $810,000, and Sales Returns and Allowances $40,000. Instructions (a) If Macarty uses the direct write‐off method t
ACC 291 GUIDE Lifetime Success / acc291guide.com ACC 291 Week 2 Wileyplus Assignment P8-3A, BE9-11, DI9-5, E9-7, E9-8, BYP9, P9-2A (New) FOR MORE CLASSES VISIT www.acc291guide.com ·P8-3A, BE9-11, DI9-5, E9-7, E9-8, BYP9, P9-2A. Problem 8-3A: Bosworth Company Brief Exercise 9-11: Nike, Inc. Do It! 9-5 Exercise 9-7: Wang, Co. Exercise 9-8: Cleand Company Broadening Your Perspective 9-1: Tootsie Roll Broadening Your Perspective 9-
ACC 291 GUIDE Lifetime Success / acc291guide.com ACC 291 Week 3 Assignment The Liabilities Section of O’Brian’s Balance Sheet FOR MORE CLASSES VISIT www.acc291guide.com Purpose of Assignment The purpose of this assignment is to help you understand the balance sheet presentation for the liabilities of a company. Assignment Steps Resources: Financial Accounting: Tools for Business Decision Making Prepare the liabilities section of O’Brian’s balance sheet using the following information: • Accounts payable $157,000 • Notes
ACC 291 GUIDE Lifetime Success / acc291guide.com ACC 291 Week 3 Exercise BE 1-2, BE 10-3, BE 10-4, BE 10-5, BE 10-14 FOR MORE CLASSES VISIT www.acc291guide.com BE 1-2, BE 10-3, BE 10-4, BE 10-5, BE 10-14 BRIEF EXERCISES Prepare entries for an interest‐bearing note payable. BE10-2 Hive Company borrows $90,000 on July 1 from the bank by signing a $90,000, 7%, 1‐year note payable. Prepare the journal entries to record (a) the proceeds of the note and (b) accrued interest at Dece
ACC 291 GUIDE Lifetime Success / acc291guide.com ACC 291 Week 3 Wileyplus Assignment P9-7A, E10-5, E10-8, E10-13, E10-22, E10-24, BYP10, P10-9A, P10-13A, IFRS10-4 (New) FOR MORE CLASSES VISIT www.acc291guide.com ·P9-7A, E10-5, E10-8, E10-13, E10-22, E10-24, BYP10, P10-9A, P10-13A, IFRS10-4. Exercise 10-5: Olinger Company Exercise 10-8: Ortega Company Exercise 10-13: Romine Company Exercise 10-22: Cole Corporation Exercise 10-24: Nance, Co. Broadening Your Perspective 10-
ACC 291 GUIDE Lifetime Success / acc291guide.com ACC 291 Week 4 Exercise E11-2, E11-5, E11-7, E11-13 FOR MORE CLASSES VISIT www.acc291guide.com Journalize issuance of common stock and preferred stock and purchase of treasury stock. E11-2 Sagan Co. had these transactions during the current period. June 12 Issued 80,000 shares of $1 par value common stock for cash of $300,000. July 11 Issued 3,000 shares of $100 par value preferred stock for cash at $106 per share. Nov. 28 Purchased 2,000 shares of treasury stock for $9,000. Prepare correct entries for capital
ACC 291 GUIDE Lifetime Success / acc291guide.com ACC 291 WEEK 4 Stockholders’ Equity Section of the Balance Sheet (Lachlin Corporation Balance Sheet) FOR MORE CLASSES VISIT www.acc291guide.com Purpose of Assignment The purpose of this assignment is to help you become familiar with examining the stockholders' equity section of the balance sheet. Assignment Steps Resources: Financial Accounting: Tools for Business Decision Making Answer the following questions in 1,050 words using the LachlinCorporati
ACC 291 GUIDE Lifetime Success / acc291guide.com ACC 291 Week 4 Wileyplus Assignment Do It! 11-1, E11-5, E11-7, BYP11-1, BYP11-2, P11-5A, P11-8A (New) FOR MORE CLASSES VISIT www.acc291guide.com ·Do It! 11-1, E11-5, E11-7, BYP11-1, BYP11-2, P11-5A, P11-8A. Do It! 11-1 Exercise 11-5 Garcia Corporation Exercise 11-7 Pele Company Broadening Your Perspec
ACC 291 GUIDE Lifetime Success / acc291guide.com ACC 291 Week 5 Assignment Financial Reporting Problem II FOR MORE CLASSES VISIT www.acc291guide.com Purpose of Assignment The purpose of this assignment is to expose you to the basic process involved in the analysis of the cash flow statement. Assignment Steps Resources: Appendix A of Financial Accounting: Tools for Business Decision Making Note: This is a two part assignment. Part 1 Answer questions A-F in problem CT12-1 in Finan
ACC 291 GUIDE Lifetime Success / acc291guide.com ACC 291 Week 5 Exercise E12-3, E12-10 FOR MORE CLASSES VISIT www.acc291guide.com Prepare the operating activities section—indirect method. E12-3 Sosa Company reported net income of $190,000 for 2017. Sosa also reported depreciation expense of $35,000 and a loss of $5,000 on the disposal of plant assets. The comparative balance sheets show an increase i
ACC 291 GUIDE Lifetime Success / acc291guide.com • ACC 291 Week 5 Wileyplus Assignment E7-3, E12-1, E12-8, P12-9A, P12-10A, E13-3, E13-4, IFRS13-1, P13-2A (New) • FOR MORE CLASSES VISIT • www.acc291guide.com • · E7-3, E12-1, E12-8, P12-9A, P12-10A, E13-3, E13-4, IFRS13-1, P13-2A. • Exercise 7-3 • Exercise 12-1 • Exercise 12-8 • Problem 12-9A