ACC 557TUTOR The power of possibility/acc557tutordotcom

1
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
2
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 All Assignments, Wileyplus and Quizzes
FOR MORE CLASSES VISIT www.acc557tutor.com   Ple
ase check the details below   ACC 557 Week 3
Assignment 1 Review of Accounting Ethics (2
Paper) ACC 557 Week 6 Assignment 2 You Are an
Entrepreneur! (2 Paper) ACC 557 Week 10
Assignment 3 You Are an Investment Analyst (2
Papers) ACC 557 Week 1, Chapter 1 (E1-4, E1-7,
E1-11, P1-2A) ACC 557 Week 2 Chapter 2 (E2-6,
E2-9, E2-11, P2-2A) ACC 557 Week 2 Chapter 3
(E3-6, E3-7, E3-11, P3-2A) ACC 557 Week 3 Chapter
4 (E4-1,E4-5, E4-7, E4-13, P4-4A) ACC 557 Week 4
Chapter 6 (E6-1,E6-10,E6-14,P6-3A)
3
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Midterm Part 1 FOR MORE CLASSES VISIT
www.acc557tutor.com   ACC 557 Midterm Part
1      Question 1             What is the order
in which assets are generally listed on a
classified balance sheet?                         
  Question 2             The information for
preparing a trial balance on a worksheet is
obtained from                         Question
3             The most efficient way to
accomplish closing entries is to                  
           
4
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 1, Chapter 1 (E1-4, E1-7, E1-11,
P1-2A) FOR MORE CLASSES VISIT www.acc557tutor.co
m   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 has been
violated...........  E1-7  Collins Computer
Timeshare Company entered into the following
transactions during May 2014.Describe the effect
of each transaction on assets, liabilities, and
stockholder's equity..........
5
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 2 Chapter 1 Quiz (all possible
questions) FOR MORE CLASSES VISIT
www.acc557tutor.com   ACC 557 Week 2 Chapter 1
Quiz (all possible questions)   This Tutorial
contains All possible Questions from this chapter
(it contains more than 200 questions set)   SOME
SAMPLE QUESTIONS ARE GIVEN BELOW OUT OF THOSE 200
QUESTIONS   1-  The United States and the
international standard-setting environment are
primarily driven by meeting the needs of tax
authorities. investors and creditors.
6
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 2 Chapter 2 (E2-6, E2-9, E2-11,
P2-2A) FOR MORE CLASSES VISIT www.acc557tutor.co
m   ACC 557 Week 2 Chapter 2 (E2-6, E2-9, E2-11,
P2-2A)   E2-6  Elvira Industries had the
following transactions. a)      Indicate what
accounts are increased and decreased by each
transaction............ b)      Journalize each
transaction............. E2-9  Selected
transaction from the journal of Robert Mendez,
investment broker, are presented below a)     
Post transactions to T accounts............ b)    
  Prepare a trial balance at August 31,
2014............
7
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 2 Chapter 3 (E3-6, E3-7, E3-11,
P3-2A) FOR MORE CLASSES VISIT www.acc557tutor.co
m   ACC 557 Week 2 Chapter 3 (E3-6, E3-7, E3-11,
P3-2A)   E3-6  Orwell company accumulates the
following adjustment data at December 31 a)     
The type of adjustment ............ b)      The
status of accounts before adjustment............ E
3-7  The ledger of Villa Rental Agency on march
31 of the current year includes the selected
accounts, shown below, before adjusting entries
have been prepared. ............
8
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 3 Assignment 1 Review of Accounting
Ethics (2 Paper) FOR MORE CLASSES VISIT
www.acc557tutor.com   This Tutorial contains 2
Different Papers   Many organizations have been
in the news over the past few years due to
accounting ethical breaches that have affected
their customers, employees, or the general
public. Search the Internet or the Strayer
Library to locate a story in the news that
depicts an accounting ethical breach. You may
select from any type of organization about which
you have information or a curiosity. 
9
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 3 Chapter 2 and Chapter 3 Quiz (all
possible questions) FOR MORE CLASSES VISIT
www.acc557tutor.com   ACC 557 Week 3 Chapter 2
Quiz (all possible questions)  This Tutorial
contains All possible Questions from this chapter
(it contains more than 200 questions set)  SOME
SAMPLE QUESTIONS ARE GIVEN BELOW OUT OF THOSE 200
QUESTIONS  Multiple Choice Question
103 Transactions in a journal are recorded
in alphabetical order. dollar amount order.
10
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 3 Chapter 4 (E4-1,E4-5, E4-7, E4-13,
P4-4A) FOR MORE CLASSES VISIT www.acc557tutor.co
m   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" the
financial statement column to which each balance
should be extended. ............ E4-7  Lanza
Company had the following adjusted trial
balance............ a)      Prepare closing
entries at june 30, 2014............
11
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 4 Chapter 4 Quiz (all possible
questions) FOR MORE CLASSES VISIT
www.acc557tutor.com   ACC 557 Week 4 Chapter 4
Quiz (all possible questions)  This Tutorial
contains All possible Questions from this chapter
(it contains more than 200 questions set)  SOME
SAMPLE QUESTIONS ARE GIVEN BELOW OUT OF THOSE 200
QUESTIONS  1)  A correcting entry is another name
for a closing entry. may involve any combination
of accounts. is a required step in the accounting
cycle. must involve one balance sheet account and
one income statement account
12
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 4 Chapter 6 (E6-1,E6-10,E6-14,P6-3A)
FOR MORE CLASSES VISIT www.acc557tutor.com   ACC
557 Week 4 Chapter 6 (E6-1,E6-10,E6-14,P6-3A)   E
6-1 Premier Bank and Trust is considering giving
Alou Company a loan. Before doing so, management
decides that further discussions with Alous
accountant may be desirable. One area of
particular concern is the inventory account,
which has year-end balance of 297,000. Discuss
with accountant.. ............ E6-10 Fenton
company applied FIFO to its inventory and got the
following results for its ending inventory.
Determine the amount of ending inventory at
lower-of-cost-or-market............
13
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 5 Chapter 5 Quiz (all possible
questions) FOR MORE CLASSES VISIT
www.acc557tutor.com   ACC 557 Week 5 Chapter 5
Quiz (all possible questions)   This Tutorial
contains All possible Questions from this chapter
(it contains more than 200 questions set)   SOME
SAMPLE QUESTIONS ARE GIVEN BELOW OUT OF THOSE 200
QUESTIONS
14
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 5 Chapter 6 Quiz (all possible
questions) FOR MORE CLASSES VISIT
www.acc557tutor.com   ACC 557 Week 5 Chapter 6
Quiz (all possible questions) This Tutorial
contains All possible Questions from this chapter
(it contains more than 200 questions set)  SOME
SAMPLE QUESTIONS ARE GIVEN BELOW OUT OF THOSE 200
QUESTIONS  1- Multiple Choice Question 54 Cost of
goods sold is determined only at the end of the
accounting period in neither a perpetual nor a
periodic inventory system.
15
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 5 Chapter 7 (E7-5 E7-7 E7-14 P7-3A)
FOR MORE CLASSES VISIT www.acc557tutor.com   ACC
557 Week 5 Chapter 7 (E7-5 E7-7 E7-14
P7-3A)   E7-5 Listed below are five procedures
followed by Parson Company. ............ Indicate
whether each procedure is an example of good
internal control or of weak internal control. If
it is an example of good internal control,
indicate which internal control principle is
being followed. If it is an example of weak
internal control, indicate which internal control
principle is violated. ............ E7-7 LaSalle
Company established a petty cash fund on May 1,
cashing a check for 100. The company reimbursed
the fund on June
16
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 5, Chapter 8 (E8-3, E8-5, E8-14,
P8-7A) FOR MORE CLASSES VISIT www.acc557tutor.co
m   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, Crawford wrote
off accounts totaling 14,100. One of those
accounts (1,800) was later collected. At
December 31, 2014, an aging schedule indicated
that the balance in Allowance for Doubtful
Accounts should be 19,000. ............
17
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 6 Assignment 2 You Are an
Entrepreneur! (2 Paper) FOR MORE CLASSES VISIT
www.acc557tutor.com   This Tutorial contains 2
Different Papers  ACC 557  WK 6 Assignment 2 -
You Are an Entrepreneur! Student life does not
generally afford a great deal of free time to
pursue your personal interests however, at one
point, you may have considered turning a personal
interest or hobby into an official enterprise.
Today, you have finally decided to turn that
hobby into a business but have realized that you
need start-up capital from a lender or
investor.To obtain funding, you need to
convince a lender / investor that your business
is more than a hobby.
18
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 6 Chapter 7 Quiz (all possible
questions) FOR MORE CLASSES VISIT
www.acc557tutor.com   ACC 557 Week 6 Chapter 7
Quiz (all possible questions)    This Tutorial
contains All possible Questions from this chapter
(it contains more than 200 questions set)   SOME
SAMPLE QUESTIONS ARE GIVEN BELOW OUT OF THOSE 200
QUESTIONS
19
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 6 Chapter 8 Quiz (all possible
questions) FOR MORE CLASSES VISIT
www.acc557tutor.com   ACC 557 Week 6 Chapter 8
Quiz (all possible questions)  This Tutorial
contains All possible Questions from this chapter
(it contains more than 200 questions set)  SOME
SAMPLE QUESTIONS ARE GIVEN BELOW OUT OF THOSE 200
QUESTIONS   1- Multiple Choice Question 107 A
bank statement is a bill from the bank for
services rendered. is a credit reference letter
written by the depositors bank.
20
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 6 Chapter 9 (E9-9, E9-11, E9-12,
P9-3A) FOR MORE CLASSES VISIT www.acc557tutor.co
m   ACC 557 Week 6 Chapter 9 (E9-9, E9-11, E9-12,
P9-3A)   E9-9 Presented below are selected
transactions at Tomas Company for
2014. Journalize all entries required on the
above dates, including entries to update
depreciation, where applicable, on assets
disposed of. Tomas Company uses straight-line
depreciation. ............ E9-11 On July 1,
2014, Sutton Inc. invested 720,000 in a mine
estimated to have 800,000 tons of ore of uniform
grade. During the last 6 months of 2014, 120,000
tons of ore were mined and sold. ............
21
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 6 Chapter 10 (E10-9, E10-12, E10-15,
P10-1A) FOR MORE CLASSES VISIT
www.acc557tutor.com   ACC 557 Week 6 Chapter 10
(E10-9, E10-12, E10-15, P10-1A)   E10-9 Global
Airlines is considering two alternatives for the
financing of a purchase of a fleet of airplanes.
These two alternatives are ............ It is
estimated that the company will earn
800,000 before interest and taxes as a result of
this purchase. The company has an estimated tax
rate of 30 and has 90,000 shares of common stock
outstanding prior to the new financing.Determine
the effect on net income and earnings per share
for these two methods of financing. ............
22
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 7 Chapter 9 and Chapter 10 Quiz (all
possible questions) FOR MORE CLASSES VISIT
www.acc557tutor.com   ACC 557 Week 7 Chapter 9
Quiz (all possible questions)  This Tutorial
contains All possible Questions from this chapter
(it contains more than 200 questions set)  SOME
SAMPLE QUESTIONS ARE GIVEN BELOW OUT OF THOSE 200
QUESTIONS  1- Multiple Choice Question 214 A
company has the following assets Buildings and
Equipment, less accumulated depreciation
23
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 7 Chapter 11 (E11-7, E11-13, E11-17,
P11-3A) FOR MORE CLASSES VISIT
www.acc557tutor.com   ACC 557 Week 7 Chapter 11
(E11-7, E11-13, E11-17, P11-3A)   E11-7 Fallow
Co. had the following transactions during the
current period. Journalize the transactions.
............ E11-13 On January 1, Chevon
Corporation had 98,000 shares of no-par common
stock issued and outstanding. The stock has a
stated value of 4 per share. During the year,
the following occurred. ............ Prepare the
entries, if any, on each of the three dividend
dates E11-17 On January 1, 2014, Richard
Corporation had retained earnings of 550,000.
During the year, Richard had the following
transactions............
24
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 8 Chapter 11 Quiz (all possible
questions) FOR MORE CLASSES VISIT
www.acc557tutor.com   ACC 557 Week 8 Chapter 11
Quiz (all possible questions)  This Tutorial
contains All possible Questions from this chapter
(it contains more than 200 questions set)  SOME
SAMPLE QUESTIONS ARE GIVEN BELOW OUT OF THOSE 200
QUESTIONS  1-  Multiple Choice Question
123 Ranier Company is authorized to issue 10,000
shares of 8, 100 par value preferred stock and
500,000 shares of no-par common stock with a
stated value of 1 per share. If Ranier issues
5,000 shares of preferred stock
25
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 8 Chapter 12 (E12-7, E12-8, E12-12,
P12-2A) FOR MORE CLASSES VISIT
www.acc557tutor.com   ACC 557 Week 8 Chapter 12
(E12-7, E12-8, E12-12, P12-2A)   E12-7 On
January 1, Vince Corporation purchased a 25
equity in Morelli Corporation for 180,000. At
December 31, Morelli declared and paid a 60,000
cash dividend and reported net income of
200,000. ............ a)      Journalize the
transactions. ............ b)      Determine the
amount to be reported as an investment in Morelli
stock at December 31. ............ E12-8 Presente
d below are two independent situations.
............ Prepare all the necessary journal
entries for 2014 for (a) Chicory Cosmetics and
(b) Frank, Inc. ............
26
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 9 Chapter 12 Quiz (all possible
questions) FOR MORE CLASSES VISIT
www.acc557tutor.com   ACC 557 Week 9 Chapter 12
Quiz (all possible questions)   This Tutorial
contains All possible Questions from this chapter
(it contains more than 200 questions set)  SOME
SAMPLE QUESTIONS ARE GIVEN BELOW OUT OF THOSE 200
QUESTIONS  1-  Multiple Choice Question 57 Eck
Corporation sells 250 shares of common stock
being held as an investment. The shares were
acquired six months ago at a cost of 25 a share.
Eck sold the shares for 40 a share. The entry to
record the sale
27
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 9 Chapter 13 (E13-3, E13-4, E13-6,
P13-3A) FOR MORE CLASSES VISIT
www.acc557tutor.com   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
assets. The comparative balance sheet shows an
increase in accounts receivable of 15,000 for
the year, a 17,000 increase in accounts payable,
and a 4,000 decrease in prepaid expenses.
............
28
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 10 Assignment 3 You Are an
Investment Analyst (2 Papers) FOR MORE CLASSES
VISIT www.acc557tutor.com   This Tutorial
contains 2 Different Papers   ACC 557  WK 10
Assignment 3 - You Are an Investment Analyst   As
the representative from your accounting firm or
practice, you are in charge of stock market
analysis that will be presented to clients as
part of professional consultation process. One of
your high-profile clients is trying to determine
the possible investment potential between two
companies. However, before you can recommend
investments to clients, you need to familiarize
yourself with the background of the companies
29
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 10 Chapter 13 Quiz (all possible
questions) FOR MORE CLASSES VISIT
www.acc557tutor.com   ACC 557 Week 10 Chapter 13
Quiz (all possible questions)  This Tutorial
contains All possible Questions from this chapter
(it contains more than 200 questions set)  SOME
SAMPLE QUESTIONS ARE GIVEN BELOW OUT OF THOSE 200
QUESTIONS  1- Multiple Choice Question 86 Which
one of the following affects cash during a
period? Payment of an accounts payable
30
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 10 Chapter 14 (E14-3, E14-4, E14-13,
P14-6A) FOR MORE CLASSES VISIT www.acc557tutor.co
m   ACC 557 Week 10 Chapter 14 (E14-3, E14-4,
E14-13, P14-6A)  Exercise 14-3  The comparative
condensed balance sheets of Garcia Corporation
are presented below. (a) Prepare a horizontal
analysis of the balance sheet data for Garcia
Corporation using 2013 as a base. (b) Prepare a
vertical analysis of the balance sheet data for
Garcia Corporation in columnar form for
2014 Exercise 14-4 The comparative condensed
income statements of Hendi Corporation are shown
below.
31
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 557TUTOR The power of possibility/acc557tutor
dotcom
ACC 557 Week 11 Chapter 14 Quiz (all possible
questions) FOR MORE CLASSES VISIT
www.acc557tutor.com   ACC 557 Week 11 Chapter 14
Quiz (all possible questions)  This Tutorial
contains All possible Questions from this chapter
(it contains more than 200 questions set)  SOME
SAMPLE QUESTIONS ARE GIVEN BELOW OUT OF THOSE 200
QUESTIONS  1-  Multiple Choice Question 79 Parker
Hardware Store had net credit sales of 8,000,000
and cost of goods sold of 5,000,000 for the
year. The Accounts Receivable balances at the
beginning and end of the year were 600,
32
ACC 557TUTOR The power of possibility/acc557tutor
dotcom