ACCT 216 Focus Dreams/uophelp.com

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ACCT 216 Focus Dreams/uophelp.com

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ACCT 216 All homework and final

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• ACCT 216 Week 1 Homework (v 1)
• ACCT 216 Week 1 Homework (v 2)
• ACCT 216 Week 2 Homework
• ACCT 216 Week 3 Homework
• ACCT 216 Week 4 Homework
• ACCT 216 Week 5 Homework A
• ACCT 216 Week 5 Homework B

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ACCT 216 All homework

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• ACCT 216 Week 1 Homework (v 2)
• ACCT 216 Week 2 Homework
• ACCT 216 Week 3 Homework
• ACCT 216 Week 4 Homework
• ACCT 216 Week 5 Homework A

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ACCT 216 Week 1 Homework (v 1)

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• 1.Please write a four-to-six sentence paragraph
  on the following question. Good business and
  accounting practices require the exercise of good
  judgment. How should ethics be incorporated into
  making accounting judgments? Why is ethics
  important?
• 2.Tammy Shot is a realtor. She organized her
  business, called TS Realty, as a corporation on
  April 1, 2013. Tammy started the business by
  depositing 85,000 in cash into the business bank
  account and issued herself common stock. Consider
  the following facts as of April 30, 2013
• a.Tammy had 16,000 in her personal bank account
  and 21,000 in the business bank account.
• b.Tammy owes 1,000 on a personal charge account
  with Kohls.
• c.Tammy acquired business furniture for 21,000
  on April 21

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ACCT 216 Week 1 Homework (v 2)

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• 1.Please write a four-to-six sentence paragraph
  on the following question. Good business and
  accounting practices require the exercise of good
  judgment.
• How should ethics be incorporated into making
  accounting judgments? Why is ethics important?
• 2.Sharon Kent is a realtor. She organized her
  business, called SK Realty, as a corporation on
  April 1, 2013. Sharon started the business by
  depositing
• 105,000 in cash into the business bank account
  and issued herself common stock. Consider the
  following facts as of April 30, 2013

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ACCT 216 Week 1 Homework (v 2

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• 1.Please write a four-to-six sentence paragraph
  on the following question. Good business and
  accounting practices require the exercise of good
  judgment.
• How should ethics be incorporated into making
  accounting judgments? Why is ethics important?
• 2.Sharon Kent is a realtor. She organized her
  business, called SK Realty, as a corporation on
  April 1, 2013. Sharon started the business by
  depositing

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ACCT 216 Week 2 Homework

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• 1. Please write a 4-6 sentence paragraph on the
  following question. Describe each of the 4 basic
  financial statements. What is the relationship
  between them?
• 2. During the first month of operations (March
  2011) Jerry Enterprises completed the following
  selected transactions
• a.The business received 12,000 in cash and a
  building valued at 52,000. The corporation
  issued stock to the contributors of these
• b.Borrowed 15,800 from the bank and signed a
  note payable to them
• c.Paid 12,000 for equipment

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ACCT 216 Week 3 Homework

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• ACCT216
• Week 3 Homework
• 1.Classify the following items as (a) an addition
  to the bank balance, (b) a subtraction from the
  bank balance, (c) an addition to the book
  balance, or (d) a subtraction from the book
  balance
• 2.During 2013, Jimmy Enterprises completed the
  following transactions
• a.Sales revenue on account, 550,000.
• b.Collections on account, 325,000
• c.Write-offs of uncollectibles, 13,000

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ACCT 216 Week 4 Homework

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• Homework scenario
• Suppose Robotics, Inc.s inventory records for a
  particular item indicated the following
  transactions in September
• September 1 Beginning Inventory 10 units _at_ 29
• September 9 Purchase 18 units _at_ 32
• September 23 Purchase 9 units _at_ 30
• September 28 Purchase 6 units _at_ 31
• Required The company sold 24 units on September
  30. Compute the ending inventory and cost of
  goods sold using each of the following methods
• 1.LIFO

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ACCT 216 Week 5 Homework A

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• Suppose the Atlanta Falcons purchased a new set
  of goal posts for 20,000 each. The Falcons
  expect the goal posts to have a useful life of
  five years and a salvage value of 1,000 each
  when they sell them to a local high school.
• Required
• 1. Compute the first years depreciation using the
  following methods
• 2.Suppose the team depreciates the asset based on
  number of goals scored. The team anticipates
  goals to be 40 in the first year, 46 in the
  second year, 38 in the third, 50 in the fourth
  when they win the Super Bowl, and 45 in the fifth
  year. Compute their first year depreciation using
  the units-of-production method.
• 3.Which method do you think is the most
  representative of accurate depreciation of the
  goal posts?

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ACCT 216 Week 5 Homework B

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• Suppose the Colorado Avalanche purchased a new
  Zamboni machine to scrape the ice off the rink
  between periods. The Zamboni cost 100,000 and
  has a useful life of three years and a residual
  value of 5,000 when it is sold to a minor league
  hockey team. The Zamboni is anticipated to drive
  352 miles the first year, 375 miles the second
  year, and 435 miles the third year when the team
  anticipates winning the Stanley Cup.
• Required
• 1.Compute the first years depreciation using the
  following methods
• a.Straight-line
• b.Double-declining balance
• c.Units-of-production method.
• 2.Which method do you think is the most
  representative of accurate depreciation of the
  Zamboni?

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ACCT 216 Week 6 Homework A

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• During August 2013, DB Inc. completed the
  following transactions
• a.8/1/13 Purchased a new piece of equipment for
  50,000 signing a 6 month, 8 note payable.
• b.8/10/13 Issued 15,000 shares of 2.00 par
  stock at 8.00 per share.
• c.8/15/13 Received an invoice for their
  telephones for 450.00 that will be paid next
  month.
• d.8/16/13 Sold 320,000 in product sales and
  accrued 5 for warranty liability.
• e.8/30/13 Received a summons that the company
  was being sued for terminating the office manager
  last month. The attorneys have advised the
  company that they will be liable to the employee
  for back pay of 3,800.
• f.8/31/13 Purchased 200 shares of Treasury
  stock at 6.00 per share
• g.8/31/13 Accrued interest on the note signed
  8/1/13.

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ACCT 216 Week 7 Homework A

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• 1. Please write a 4-6 sentence paragraph on the
  following questions.
• a.What is the difference between an exempt and
  non-exempt employee?
• b.How would you decide whether to hire someone as
  an employee or independent contractor?
• 2.Cindy Lou makes 30,000 per year as an exempt
  employee. She worked 15 hours of overtime in the
  month of September. Payday for wages earned in
  the month of
• September is October 7. Ignoring Federal and
  State income tax withholdings, how much would she
  receive for September net of Social Security and
  Medicare taxes?
• What journal entry would be made on September 30
  for wages

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ACCT 216 Week 7 Homework B

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• 1. Please write a 4-6 sentence paragraph on the
  following questions.
• a.Describe the three federal filing requirements
  for a company at the end of the year.
• b.What is the difference between Form 940 and
  Form 941?
• 2.Betty Meyer makes 40,000 per year as an exempt
  employee. She worked 25 hours of overtime in the
  month of March.
• Payday for wages earned in the month of March is
  April 7. Ignoring Federal and State income tax
  withholdings, how much would she receive for
• September net of Social Security and Medicare
  taxes? What journal entry would be made on March
  31 for wages owed to Betty?
• What journal entry would be made when she is paid
  on April 7?

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ACCT 216 Week 7 Homework

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• Week 7 Homework
• 1. Please write a four-to-six sentence paragraph
  on the following questions.
• a.What is the difference between an exempt and
  non-exempt employee?
• b.How would you decide whether to hire someone as
  an employee or independent contractor?
• 1.Cindy Lou makes 30,000 per year as an exempt
  employee. She worked 15 hours of overtime in the
  month of September. Payday for wages earned in
  the month of
• September is October 7. Ignoring Federal and
  State income tax withholdings, how much would she
  receive for September net of Social Security and
  Medicare taxes?
• What journal entry would be made on September 30
  for wages owed

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ACCT 216 Week 8 Final Exam New

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• 1. (TCO 1) Which statement(s) summarizes the
  revenues and expenses of an entity? (Points 6)
• Question 2.2. (TCO 1) Assets appear on the
  (Points 6)
• Question 3.3. (TCO 2) Making a cash payment to
  settle a debt would include a (Points 6)
• Question 4.4. (TCO 2) Double-entry accounting
  means that each transaction (Points 6)
• Question 5.5. (TCO 3) Which statement about a
  trial balance is NOT true? (Points 6)
• Question 6.6. (TCO 3) The normal balance of
  Common Stock is a _____ because it is a(n) _____
  account. (Points 6)

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ACCT 216 Focus Dreams/uophelp.com

• For more course tutorials visit
• www.uophelp.com