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For more course tutorials visit<br>www.newtonhelp.com<br><br><br>AC 107 Week 1 Unit 1 Assignment (Score 49.5/50)<br><br>AC 107 Week 1 Discussion<br><br>AC 107 Week 2 Unit 2 Assignment (Score 47/50)<br><br>AC 107 Week 2 Discussion<br>
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AC 107 Perfect Education/newtonhelp.com AC 107 Entire Course For more course tutorials visit www.newtonhelp.com AC 107 Week 1 Unit 1 Assignment (Score 49.5/50) AC 107 Week 1 Discussion AC 107 Week 2 Unit 2 Assignment (Score 47/50) AC 107 Week 2 Discussion AC 107 Week 3 Unit 3 Assignment (Score 40/50)
AC 107 Perfect Education/newtonhelp.com AC 107 Final Exam Guide (100% Score) For more course tutorials visit www.newtonhelp.com Question 1 On any given day, it is unlikely that the balance in the Cash account in the depositor's general ledger will be the same as the bank balance.
AC 107 Perfect Education/newtonhelp.com • AC 107 Week 1 Discussion • For more course tutorials visit • www.newtonhelp.com • Discussion Questions • Who's Who in Accounting: • Who is the SEC? What is their role in the financial markets of the United States? • Who is the FASB? What is their role in accounting and the preparation of financial reports? • In your own words explain what is meant by Generally Accepted Accounting Principles.
AC 107 Perfect Education/newtonhelp.com AC 107 Week 1 Quiz (100% Score) For more course tutorials visit www.newtonhelp.com Question 1 Stockholders own which type of business? Question 2 A business that purchases products from another business to sell to customers is called a
AC 107 Perfect Education/newtonhelp.com AC 107 Week 1 Unit 1 Assignment (Score 49.5/50) For more course tutorials visit www.newtonhelp.com UNIT 1 VOCABULARY MATCHING IN THE BOX PROVIDED NEXT TO EACH VOCABULARY TERM RECORD THE LETTER OF ITS DEFINITION Term Definition 1. Account A. Three fundamental elements: Assets = Liabilities + Owner’s
AC 107 Perfect Education/newtonhelp.com AC 107 Week 2 Discussion For more course tutorials visit www.newtonhelp.com Discussion Questions Analyzing Financial Transactions: In Chapter 4 of your text, pages 90 – 93, carefully review the accounting transactions for Rohan's Campus Delivery and how they are entered in the general journal. Before you begin please watch the video demonstrations of the completion of these journal entries in the Week 2 Classroom.
AC 107 Perfect Education/newtonhelp.com AC 107 Week 2 Quiz (100% Score) For more course tutorials visit www.newtonhelp.com Question 1 If John Smith, the owner of Smith Accounting Services, deposits $10,000 in cash as the original investment into his business, the journal entry to record this transaction includes a debit to cash for $10,000 and a credit to John Smith, Capital for $10,000. 2 out of 2 points
AC 107 Perfect Education/newtonhelp.com AC 107 Week 2 Unit 2 Assignment (Score 47/50) For more course tutorials visit www.newtonhelp.com VOCABULARY MATCHING IN THE BOX PROVIDED NEXT TO EACH VOCABULARY TERM RECORD THE LETTER OF ITS DEFINITION Term Definition 1. Account balance A. A day-by-day listing of the transactions of a business. 2. Chart of accounts B. The side of an account where an increase is recorded.
AC 107 Perfect Education/newtonhelp.com AC 107 Week 3 Discussion For more course tutorials visit www.newtonhelp.com Discussion Questions Adjusting Journal Entries: Note: Before you answer this question be sure to review the information about these journal entries in your text and the video presentations and the supplementary materials. Select one of the four following types of adjustments and answer all of the questions below as they relate to the adjustment you have chosen. Remember, your primary posting must be a short answer essay of at least 250 words that fully explains each part of the question.
AC 107 Perfect Education/newtonhelp.com AC 107 Week 3 Quiz (100% Score) For more course tutorials visit www.newtonhelp.com Question 1 2 out of 2 points Stockholders own which type of business? Question 2 2 out of 2 points
AC 107 Perfect Education/newtonhelp.com AC 107 Week 3 Unit 3 Assignment (Score 40/50) For more course tutorials visit www.newtonhelp.com journal Entires This comprehensive problem is intended to serve as a mini-practice set without the source documents. As such, students should plan on about three to four hours to complete this problem.
AC 107 Perfect Education/newtonhelp.com • AC 107 Week 4 Discussion • For more course tutorials visit • www.newtonhelp.com • Discussion Questions • Internal Controls: There are five components of internal control: • Control environment • Risk assessment • Control activities • Information and communication system
AC 107 Perfect Education/newtonhelp.com AC 107 Week 4 Midterm Exam (100% Score) For more course tutorials visit www.newtonhelp.com Question 1 Generally accepted accounting principles (GAAP) are the procedures and guidelines to be followed in the process of preparing financial statements.
AC 107 Perfect Education/newtonhelp.com AC 107 Week 4 Unit 4 Key Assessment For more course tutorials visit www.newtonhelp.com For this key assessment, please identify the ten (10) steps in the accounting cycle and explain the purpose of each step in a short paragraph. As you are writing please keep in mind that the question is asking for the purpose of each step, not how it is completed! When thinking about the purpose of a step consider why we are completing it or what it tells us after it is completed. Be sure that you consider the steps that we learned about in chapters 1-6 and not those from an Internet website which may be somewhat different.
AC 107 Perfect Education/newtonhelp.com AC 107 Week 5 Discussion For more course tutorials visit www.newtonhelp.com Discussion Questions Journal Entries for Sales and Cash Receipts: Note: One way to meet the 250-word minimum requirement for your primary post is to define the new terms that you are using. Before you begin, review the preparation of journal entries in the Demonstration Problem on pages 375 – 381 and the video demonstrations in the Unit 5 Resources explaining the preparation of sales journal entries. Once you understand how these journal entries
AC 107 Perfect Education/newtonhelp.com AC 107 Week 5 Quiz (100% Score) For more course tutorials visit www.newtonhelp.com Question 1 2 out of 2 points If the terms of an invoice dated April 10 are 3/10, n/30, the invoice must be paid on or before April 20 in order to be entitled to a cash discount.
AC 107 Perfect Education/newtonhelp.com AC 107 Week 5 Unit 5 Assignment (Score 48/50) For more course tutorials visit www.newtonhelp.com VOCABULARY MATCHING - SALES AND PURCHASES IN THE BOX PROVIDED BY EACH VOCABULARY TERM RECORD THE LETTER OF ITS DEFINITION You can research these terms at the end of the chapters and in the glossary.
AC 107 Perfect Education/newtonhelp.com AC 107 Week 6 Quiz (100% Score) For more course tutorials visit www.newtonhelp.com Question 1 2 out of 2 points In a business that sells its products first-in, first-out so that they don't spoil, the accounting department must also use the first-in, first-out method for valuing ending Inventory and Cost of Goods Sold.
AC 107 Perfect Education/newtonhelp.com AC 107 Week 6 Unit 6 Assignment (Score 45/50) For more course tutorials visit www.newtonhelp.com VOCABULARY MATCHING - INVENTORY IN THE BOX PROVIDED BY EACH VOCABULARY TERM RECORD THE LETTER OF ITS DEFINITION You can research these terms at the end of the chapters and in the glossary.
AC 107 Perfect Education/newtonhelp.com AC 107 Week 7 Discussion For more course tutorials visit www.newtonhelp.com Discussion Questions Inventory Ethics: Jason Tierro, an inventory clerk at Lexmar Company, is responsible for taking a physical count of the goods on hand at the end of the year. He has been performing this duty for several years.
AC 107 Perfect Education/newtonhelp.com AC 107 Week 7 Unit 7 Key Assessment CLO 3 For more course tutorials visit www.newtonhelp.com Throughout this course, we have been using the accrual basis of accounting to complete our work. However, there are two other methods of accounting, the cash, and the modified cash bases. For this assignment please answer each of the following questions in a short paragraph: Explain the accrual, cash, and modified cash bases of accounting.
