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ACC 291 help A Guide to career/Snaptutorial

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For more classes visit www.snaptutorial.com 1. The term “receivables” refers to cash to be paid to debtors. merchandise to be collected from individuals or companies. cash to be paid to creditors. amounts due from individuals or companies. 2. Three accounting issues associated with accounts receivable are depreciating, valuing, and collecting. depreciating, returns, and valuing. accrual, bad debts, and accelerating collections. recognizing, valuing, and accelerating collections. 3. When the allowance method is used to account for uncollectible accounts Bad Debts Expense is debited when: management estimates the amount of uncollectibles. a customer’s account becomes past due. an account becomes bad and is written off. – PowerPoint PPT presentation

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Title: ACC 291 help A Guide to career/Snaptutorial


1
ACC 291 help A Guide to career/ snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
2
ACC 291 help A Guide to career/ snaptutorial.com
ACC 291 Final Exam Guide (New, 100 Score) For
more classes visit www.snaptutorial.com   1. The
term receivables refers to cash to be paid to
debtors. merchandise to be collected from
individuals or companies. cash to be paid to
creditors. amounts due from individuals or
companies. 2. Three accounting issues
associated with accounts receivable are
depreciating, valuing, and collecting. depreciati
ng, returns, and valuing. accrual, bad debts, and
accelerating collections.
3
ACC 291 help A Guide to career/ snaptutorial.com
ACC 291 Final Exam Guide For more classes
visit www.snaptutorial.com   ACC 291 Final Exam
Study Guide Question 207 On January 1, a machine
with a useful life of five years and a residual
value of 40,000 was purchased for 120,000. What
is the depreciation expense for year 2 under the
double-declining-balance method of
depreciation? IFRS Multiple Choice Question 01
4
ACC 291 help A Guide to career/ snaptutorial.com
ACC 291 Final Exam Guide1 For more classes
visit www.snaptutorial.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?
5
ACC 291 help A Guide to career/ snaptutorial.com
ACC 291 Week 1 Assignment Comparative Analysis
Problem (2 Papers) For more classes
visit www.snaptutorial.com   This Tutorial
contains Papers Excel Sheet 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.
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ACC 291 help A Guide to career/ snaptutorial.com
ACC 291 Week 1 Wileyplus Assignment E8-4, E8-11,
BYP8-1, and BYP8-2 For more classes
visit www.snaptutorial.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
7
ACC 291 help A Guide to career/ snaptutorial.com
ACC 291 Week 2 Assignment Financial Reporting
Problem, Apple Inc For more classes
visit www.snaptutorial.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. Assignment Steps Resources
Financial Accounting Tools for Business Decision
Making
8
ACC 291 help A Guide to career/ snaptutorial.com
ACC 291 Week 2 Fordyce and Atwater For more
classes visit www.snaptutorial.com   ACC 291 Week
2 - Fordyce and Atwater 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.
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ACC 291 help A Guide to career/ snaptutorial.com
ACC 291 Week 2 Textbook Exercise BE 8-8, E8-4,
E8-14, E9-4 For more classes visit www.snaptutori
al.com   ACC 291 Week 2 Textbook Exercise BE 8-8,
E8-4, E8-14, E9-4 Chapter 8 BE8-8 Determine
maturity dates and compute interest and rates on
notes. E8-4 The ledger of Macarty Company at the
end of the current year shows Accounts Receivable
78,000, Credit Sales 810,000, and Sales Returns
and Allowances 40,000. Instructions
10
ACC 291 help A Guide to career/ snaptutorial.com
ACC 291 Week 2 Wileyplus Assignment P8-3A,
BE9-11, DI9-5, E9-7, E9-8, BYP9, P9-2A For more
classes visit www.snaptutorial.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
11
ACC 291 help A Guide to career/ snaptutorial.com
ACC 291 Week 3 Assignment The Liabilities Section
of OBrians Balance Sheet For more classes
visit www.snaptutorial.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
MakingPrepare the liabilities section of
OBrians balance sheet using the following
information Accounts payable 157,000 Notes
payable (due May 1, 2018) 20,000 Bonds payable
(due 2021) 900,000 Unearned rent revenue
240,000
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ACC 291 help A Guide to career/ snaptutorial.com
ACC 291 Week 3 Exercise BE 1-2, BE 10-3, BE 10-4,
BE 10-5, BE 10-14 For more classes
visit www.snaptutorial.com   BE 1-2, BE 10-3, BE
10-4, BE 10-5, BE 10-14 BRIEF EXERCISES Prepare
entries for an interest-bearing note
payable. BE10-2 Hive Company borrows 90,000 on
July 1 from the bank by signing a 90,000, 7,
1-year note payable. Prepare the journal entries
to record (a) the proceeds of the note and (b)
accrued interest at December 31, assuming
adjusting entries are made only at the end of the
year.
13
ACC 291 help A Guide to career/ snaptutorial.com
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 For more classes
visit www.snaptutorial.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
14
ACC 291 help A Guide to career/ snaptutorial.com
ACC 291 Week 4 Exercise E11-2, E11-5, E11-7,
E11-13 For more classes visit www.snaptutorial.co
m   Journalize issuance of common stock and
preferred stock and purchase of treasury
stock. E11-2 Sagan Co. had these transactions
during the current period. June 12 Issued 80,000
shares of 1 par value common stock for cash of
300,000. July 11 Issued 3,000 shares of 100
par value preferred stock for cash at 106 per
share. Nov. 28 Purchased 2,000 shares of
treasury stock for 9,000.
15
ACC 291 help A Guide to career/ snaptutorial.com
ACC 291 WEEK 4 Stockholders Equity Section of
the Balance Sheet (Lachlin Corporation Balance
Sheet) For more classes visit www.snaptutorial.co
m   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?
16
ACC 291 help A Guide to career/ snaptutorial.com
ACC 291 Week 4 Wileyplus Assignment Do It 11-1,
E11-5, E11-7, BYP11-1, BYP11-2, P11-5A, P11-8A
For more classes visit www.snaptutorial.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
17
ACC 291 help A Guide to career/ snaptutorial.com
ACC 291 Week 5 Assignment Financial Reporting
Problem II For more classes visit www.snaptutoria
l.com   Purpose of Assignment The purpose of
this assignment is to expose you to the basic
process involved in the analysis of the cash flow
statement. Assignment Steps Resources Appendix
A of Financial Accounting Tools for Business
Decision Making Note This is a two part
assignment. Part 1 Answer questions A-F in
problem CT12-1 in Financial Accounting (p. 640).
18
ACC 291 help A Guide to career/ snaptutorial.com
ACC 291 Week 5 Exercise E12-3, E12-10 For more
classes visit www.snaptutorial.com   Prepare the
operating activities sectionindirect
method. E12-3 Sosa Company reported net income of
190,000 for 2017. Sosa also reported
depreciation expense of 35,000 and a loss of
5,000 on the disposal of plant assets. The
comparative balance sheets show an increase in
accounts receivable of 15,000 for the year, a
17,000 increase in accounts payable, and a
4,000 increase in prepaid expenses. Instructions
19
ACC 291 help A Guide to career/ snaptutorial.com
ACC 291 Week 5 Wileyplus Assignment E7-3, E12-1,
E12-8, P12-9A, P12-10A, E13-3, E13-4, IFRS13-1,
P13-2A For more classes visit www.snaptutorial.co
m   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 Exercise 13-3
20
ACC 291 help A Guide to career/ snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
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