QUESTION Asset AccountsLiability AccountsAcct #CashBaking SuppliesPrepaid RentPrepaid InsuranceBaking EquipmentMisc. SuppliesAccounts ReceivableAccumulated DepreciationEquity AccountsAcct #101 Notes Payable102 Accounts Payable103 Wages Payable104 Interest Payable105106107108Acct #201 Common Stock202 Dividends203204301302Revenue AccountsAcct #Bakery SalesMerchandise SalesThis chart of accounts should help you identify the appropriate accounts to record to as you are analyzing andjournaling transactions for this workbook. There is nothing […]
QUESTION DQ 1Peter Lynch (a legendary investment fund manager) once said that he wouldn’t invest in a company unless he could explain its business in five minutes or less to his 12 year old son. Why is the 60 second elevator pitch so important?How might you explain a high-tech idea to someone who is not […]
QUESTION DQ 1Why should small business owners and entrepreneurs spend time planning for their business when creating the business takes so much effort?Does failing to plan mean that one plans to fail?DQ 2What is the necessary requirement to turn a business idea into a business? If you don’t have customers willing to buy your new […]
QUESTION Newton Company issued $536,000, 7%, 10-year bonds on December 31, 2013, for $493,120. Interest is payable semiannually on June 30 and December 31. Newton Company uses the straight-line method to amortize bond premium or discount.Prepare the journal entries to record the following.(Credit account titles are automatically indented when amount is entered. Do not indent […]
QUESTION Last one for the night!1.A combination of personnel, records, and procedures that a business uses to provide financial data is known as a(n)_______. (Points : 1) processing input output accounting information systemQuestion 2.2.A computerized storehouse of information is referred to as a(n)_______. (Points : 1) database server processor both a and c are correctQuestion […]
QUESTION What are your sales objectives? What extra information would be useful? ANSWER: REQUEST HELP FROM A TUTOR
QUESTION .________ is NOT a goal of internal controls within the accounting information system. (Points : 20) Allowing senior management unlimited access within the system Safeguarding assets Promoting operational efficiency Accurately processing informationQuestion 2.2.An example of a control account would be ________. (Points : 20) interest expense accounts payable prepaid expenses sales revenueQuestion 3.3.Posting to […]
QUESTION How do you solve for residual income? With net operating income is 200k, average operating assets is 50k, and return on investment is 5%? ANSWER: REQUEST HELP FROM A TUTOR
QUESTION Smith Manufacturing, Inc. has asked for your assistance in preparing a budget for next year’s operations. Take a few moments to consider where you would begin the budgeting process. What types of information do you need? Prepare a letter addressed to John Jones, CFO of Smith Manufacturing. In this letter be sure to request […]
QUESTION 11/18/2015Project 1 Fall 15naji alraddadiPrinciples of Accounting I 2013: Fall 2015 Stephanie RossProject 1 Fall 15instructions | help[The following information applies to the questions displayed below.]Francineâs Fast Deliveries, Inc. (FFD) was organized in December of 2011. It had limited activity in 2011. Theresulting balance sheet at the beginning of 2012 is provided below:Assets:CashAccounts ReceivableSuppliesTotal […]
