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ACC 291 GUIDE Educational Resources 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 collection period for accounts receivable in days?
ACC 291 GUIDE Educational Resources 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 expense? 2) Using the percentage of receivables method for recording bad debts expense, estimated uncollectible accounts are $15,000. If
ACC 291 GUIDE Educational Resources ACC 291 Week 1 Assignment Comparative Analysis Problem 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 using financial ratios on the assets section of the balance sheet, data interpretation, and how ratios are used to gain insight about the management of receivable. Assignment Steps Resources: Financial Accounting: Tools for Business Decision Making Develop an 875-word analysis providing conclusions concerning the management of accounts receivable based on the financial statements of
ACC 291 GUIDE Educational Resources • 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 Tootsie Roll • Broadening your Perspective 8-2 Tootsie Roll and Hershey
ACC 291 GUIDE Educational Resources 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. Complete the installment payments schedule for the first 2 years. (Round answers to 0 decimal places, e.g.
ACC 291 GUIDE Educational Resources 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.
ACC 291 GUIDE Educational Resources • 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 9-2: Tootsie& Hershey
ACC 291 GUIDE Educational Resources 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 payable (due May 1, 2018) $20,000 •
ACC 291 GUIDE Educational Resources • 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 10-1: Tootsie Roll
ACC 291 GUIDE Educational Resources 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 Lachlin Corporation Balance Sheet (partial) below: • How many shares of common stock are outstanding? •
ACC 291 GUIDE Educational Resources • 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 Perspective 11-1 Tootsie Roll • Broadening Your Perspective 11-2 Tootsie Roll & Hershey
ACC 291 GUIDE Educational Resources • 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 • Problem 12-10A