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ACCT 504 MART Something Great-acct504martcom

FOR MORE CLASSES VISIT<br>www.acct504mart.com<br><br><br>Case Study 1 (Part A)Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions:June2Gordon received $55,000 cash and issued common stock to the stockholders.3 Purchased supplies, $3,000, and equipment, $5,200, on account.4 Performed services for a client and received cash, $6,300.7 Paid cash to acquire land, $37,000.11 Performed services for a customer and billed the customer, $1,200. Johnson expects to collect within one month.16 Paid partial for the equipment purchased June 3 on account $2,800.17 Paid the telephone bill, $230.18 Received partial payment from customer on account, $700.22 Paid the water and electricity bills, $400.29 Received $5,000 cash for repairing the pipes of a customer.30 Paid employee salary, $4,300.30 Declared and paid dividends of $3,000.▸Requirements• 1. Record each transaction in the journal. Key each transaction by date. Explanations are not required.• 2. Post the transactions to the T-accounts, using transaction dates as posting references.• 3. Prepare the trial balance of Gordon Construction, Inc., at June30, 2014.• 4. The manager asks you how much in total resources the business has to work with and, how much it owes.Adjust the accounts; construct the financial statements) Record the following month end adjusting entries for Gordon Construction, Inc. at June 30, 2014Month end accruals at June 30, 2014:• a. Accrued advertising revenue at June 30, $3,100.• b. Supplies used during June, $3,090.• c. Accrued salary expense at June 30 for Monday, Tuesday, and Wednesday. The five-day weekly payroll is $6,100 and will be paid on Friday.Requirement 2Prepare adjusted trial balance for Gordon Construction at June 30, 2014.<br>

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ACCT 504 MART Something Great-acct504martcom

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  1. ACCT 504 MART Something Great -acct504martcom FOR MORE CLASSES VISIT www.acct504mart.com

  2. ACCT 504 Case Study 1 (Gordon Construction) FOR MORE CLASSES VISIT www.acct504mart.com Case Study 1 (Part A)Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions:June2Gordon received $55,000 cash and issued common stock to the stockholders.3 Purchased supplies,

  3. ACCT 504 Case Study 2 (Williams Oil) FOR MORE CLASSES VISIT www.acct504mart.com  Case study (Learning Objectives 2, 4: Explain the components of internal control; evaluate internal controls) Each of the following situations reveals an internal control weakness: Situation a. In evaluating the internal control over inventory for the Williams Oil Services Company, an auditor learns that the warehouse receiving clerk is responsible for ordering parts for supply inventory use in drilling services, counts the inventory when

  4. ACCT 504 Case Study 3 (Wang Appliance Store) FOR MORE CLASSES VISIT www.acct504mart.com Construct and use a cash budget) Nathan Farmer, chief financial officer of Wang Appliance Store, is responsible for the company?s budgeting process. Farmer?s staff is preparing the Wang cash budget for 2014. A key input to the budgeting process is last year?

  5. ACCT 504 Course Project Analysis of Nike, Inc. and Under Armour, Inc. FOR MORE CLASSES VISIT www.acct504mart.com Course Project: A Financial Statement Analysis A Comparative Analysis of Nike, Inc. and Under Armour, Inc. Below is the link for the financial statements for Nike, Inc. for the fiscal year ending 2014. First, select 2014using the drop-down arrow labeled Year

  6. ACCT 504 Course Project Oracle and Microsoft Corporation (Devry) FOR MORE CLASSES VISIT www.acct504mart.com  Course Project                        Financial Statement Analysis Project -- A Comparative Analysis of Oracle Corporation and Microsoft Corporation Here is the link for the financial statements for Oracle Corporation for the fiscal year ending 2007. First, select 2007 using the drop-down arrow labeled for Year

  7. ACCT 504 Entire Course (Devry) FOR MORE CLASSES VISIT www.acct504mart.com ACCT 504 Week 1-7 All Discussion Questions ACCT 504 Week 3 Case Study 1 Flower Landscaping Corporation ACCT 504 Week 4 Midterm Exam Set 1

  8. ACCT 504 Final Exam (3 different finals) (Devry) FOR MORE CLASSES VISIT www.acct504mart.com 1. (TCO A) Which one of the following is an advantage of corporations relative to partnerships and sole proprietorships? (Points : 5) Reduced legal liability for investors

  9. ACCT 504 Week 1-7 All Discussion Questions (Devry) FOR MORE CLASSES VISIT www.acct504mart.com Week 1DQ 1 - Financial Reporting Environment and GAAP Week 1DQ 2 - Details of Financial Statements and Ratios Week 2DQ 1 - Accounting EquationAccounting Cycle Week 2DQ 2 - Accrual Accounting and Adjusting Entries

  10. ACCT 504 Week 3 Case Study 1 (Melvin Plumbing Corporation) **New** FOR MORE CLASSES VISIT www.acct504mart.com MAKE SURE TO COMPLETE ALL REQUIREMENTS WHICH ARE LISTED BELOW. There are 10 sheets in the Workbook, including this one. All of the information that you need for the project is located in this Workbook. Requirement #1: During its first month of operation

  11. ACCT 504 Week 3 Case Study 1 Flower Landscaping Corporation (Devry) FOR MORE CLASSES VISIT www.acct504mart.com The Entire Case Study is due Sunday at Midnight Mountain time at the end of Week 3.This Case Study is worth 100 points or 10% of your final course grade.This Case Study relates to TCO's D and E and Chapters 3 and 4.

  12. ACCT 504 Week 4 Midterm Exam (New) FOR MORE CLASSES VISIT www.acct504mart.com Question 1.      Question :        (TCOs A, B, and C) Which of the following statements concerning users of accounting information is incorrect?

  13. ACCT 504 Week 4 Midterm Exam Set 1 (Devry) FOR MORE CLASSES VISIT www.acct504mart.com Page: 1. Question : (TCO A, B, C) External users want answers to all of the following questions except: Points Received:

  14. ACCT 504 Week 4 Midterm Exam Set 2 (Devry) FOR MORE CLASSES VISIT www.acct504mart.com Page: 1.Question : (TCO A, B, C) External users want answers to all of the following questions except: Points Received: 3 of 3 2.Question : (TCO C) Issuing shares of stock in exchange for cash is an example of a(n): Points Received:

  15. ACCT 504 Week 4 Midterm Exam Set 3 (Devry) FOR MORE CLASSES VISIT www.acct504mart.com Page: 1. Question : (TCO A, B, C) External users want answers to all of the following questions except: Points Received: 3 of 3 2. Question : (TCO C) Debt securities sold to investors that must be repaid at a particular date some years in the future are called:

  16. ACCT 504 Week 5 Case Study 2 Internal Control - LJB Company (Devry) FOR MORE CLASSES VISIT www.acct504mart.com Case Study 2 - Internal Control- Due by Sunday of week 5 LJB Company, a local distributor, has asked your accounting firm to evaluate their system of internal controls because they are planning to go public in the future. The President wants to be aware of any new regulations required of his company if they go public so he met with a colleague of yours at a local restaurant. The President of the company explained the current system of internal controls to your colleague.

  17. ACCT 504 Week 5 Course Project Draft Spreadsheet (Devry) FOR MORE CLASSES VISIT www.acct504mart.com ACCT 504 Week 5 Course Project Draft Spreadsheet

  18. ACCT 504 Week 6 Case Study 3 - Cash Budgeting - LBJ Company (Devry) FOR MORE CLASSES VISIT www.acct504mart.com ACCT504 Case Study 3 on Cash Budgeting The cash budget was covered during Week 4 when we covered TCO D and you read Chapter 7. There is also a practice case study to work on.

  19. ACCT 504 Week 7 Course Project JCP Kohls (Devry) FOR MORE CLASSES VISIT www.acct504mart.com ACCT 504 Week 7 Course Project JCP Kohls

  20. ACCT 504 MART Something Great -acct504martcom FOR MORE CLASSES VISIT www.acct504mart.com

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