Acc 557 week 4 Study guides, Class notes & Summaries

ACC-557-Week-4-Q

ACC-557-Week-4-DQ

ACC-557-Week-4-DQ

ACC 557 Week 4 Chapter 6 (E6-1,E6-10,E6-14,P6-3A) Wiley Plus - Graded 100%.doc ACC 557 Week 4 Chapter 6 (E6-1,E6-10,E6-14,P6-3A) NEW ACC 557 Week 4 Chapter 6 (E6-1,E6-10,E6-14,P6-3A) E6-1: Premier Bank and Trust is considering giving Alou Company a loan. Before doing so, management decides that further discussions with Alou’s accountant may be desirable. One area of particular concern is the inventory account, which has year-end balance of $297,000. Discuss with accountant.. ............ E6...

ACC 557 Week 4, Quiz - Graded 100% Latest V 1. A correcting entry A). is another name for a closing entry. B). may involve any combination of accounts. C). is a required step in the accounting cycle. D). must involve one balance sheet account and one income statement account 2. A double rule applied to accounts in the ledger during the closing process implies that A). the account balance is not zero. B). a mistake has been made, since double ruling is prescribed. C). the account is a te...

ACC 557 Week 1, Chapter 1 (E1-4, E1-7, E1-11, P1-2A) Wiley Plus - Graded 100%.docx ACC 557 Week 1 Chapter 1 (E1-4, E1-7, E1-11, P1-2A) NEW ACC 557 Week 1, Chapter 1 (E1-4, E1-7, E1-11, P1-2A) E1-4 : The following situations involve accounting principles and assumptions. For each of the three situations, state if the accounting method used is correct or incorrect. If correct, identify which principle or assumption supports the method used. If incorrect, identify which principle or assumption ha...

ACC 557 Week 3 Chapter 4 (E4-1,E4-5, E4-7, E4-13, P4-4A) Wiley Plus - Graded 100%.doc ACC 557 Week 3 Chapter 4 (E4-1,E4-5, E4-7, E4-13, P4-4A) NEW ACC 557 Week 3 Chapter 4 (E4-1,E4-5, E4-7, E4-13, P4-4A) E4-1 : The trial balance column of the worksheet for Cajon company at June 30, 2014............ E4-5 : The adjustments columns of the worksheet for Munoz Company are shown below. ............ a) Prepare adjusting entries in order presented in the problem. ............ b) Indicate with an "X...

ACC 557 Week 10, Chapter 13 (E13-3, E13-4, E13-6, P13-3A) Wiley Plus - Graded 100%.docx

ACC 557 Week 9, Chapter 13 (E13-3, E13-4, E13-6, P13-3A) Wiley Plus - Graded 100%.doc ACC 557 Week 9 Chapter 13 (E13-3, E13-4, E13-6, P13-3A) NEW ACC 557 Week 9 Chapter 13 (E13-3, E13-4, E13-6, P13-3A) E13-3: Tim Latimer Corporation had the following transactions. For each transaction above, prepare the journal entry. ............ E13-4: Bracewell Company reported net income of $195,000 for 2014. Bracewell also reported depreciation expense of $40,000 and a gain of $5,000 on disposal of plant ...

ACC 557 Week 5, Chapter 8 (E8-3, E8-5, E8-14, P8-7A) Wiley Plus - Graded 100%.doc ACC 557 Week 5, Chapter 8 (E8-3, E8-5, E8-14, P8-7A) NEW ACC 557 Week 5, Chapter 8 (E8-3, E8-5, E8-14, P8-7A) E8-3: The ledger of Elburn Company at the end of the current year shows Accounts Receivable $110,000, Sales Revenue $840,000, and Sales Returns and Allowances $28,000. ............ E8-5: At December 31, 2013, Crawford Company had a balance of $15,000 in Allowance for Doubtful Accounts. During 2014, Crawf...