ACC 306 education changes / sellfy.com - PowerPoint PPT Presentation

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ACC 306 education changes / sellfy.com

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BE 13-1 BE 13-4 E 13-2 E 13-10 BE 13-7 P 13-8 BE14-8 BE14-12 E14-5 E14-19 P14-3 P14-4 BE13-1 On April 1, Lopez Sales, Inc. purchased inventory costing $458,400 using a 5-month trade note payable. The note carries an annual interest rate of 4%. Lopez has a December 31 year-end. Prepare the journal entries required. The company uses the perpetual inventory system. What is interest expense during the current year? – PowerPoint PPT presentation

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Title: ACC 306 education changes / sellfy.com


1
ACC 306 Experience Tradition/sellfy.com
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ACC 306 Experience Tradition/sellfy.com
  • ACC 306 Week 1 Homework (BE 13-1, BE 13-4, E
    13-2, E 13-10, BE 13-7, P 13-8, BE14-8, BE14-12,
    E14-5,
  • https//sellfy.com/p/EKZC/
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  • BE 13-1BE 13-4E 13-2E 13-10

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ACC 306 Experience Tradition/sellfy.com
  • ACC 306 Week 1 Quiz (2 Set)
  • https//sellfy.com/p/pMpO/
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  • QUESTION 1On January 1, 2015, Watson Corp.
    issued 900,000 par value, 8, three-year bonds
    when the market rate of interest was 8. Interest
    is payable semiannually each June 30 and December
    31. Watson incurred bond issue costs of 29,000.
    Under IFRS, what is the journal entry when Watson
    issued the bonds? (Record debits first, then
    credits. Exclude explanations from any journal
    entries.)

4
ACC 306 Experience Tradition/sellfy.com
  • ACC 306 Week 2 Homework (BE 15-12, E 15-5, E
    15-19, P15-3, P15-4, BE 16-6, BE 16-12, E 16-5, P
    16-5,
  • https//sellfy.com/p/8SKX/
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  • BE 15-12E 15-5E 15-19P15-3P15-4

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ACC 306 Experience Tradition/sellfy.com
  • ACC 306 Week 2 Quiz (2 Set)
  • https//sellfy.com/p/ZSHx/
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  • ACC 306 Week 2 Quiz (2 Set)
  • WEEK 2 QUIZQUESTION 1ITG Corporation issued
    410,000 shares of 6 par value stock. The book
    value of ITG's common stockholders' equity is
    equal to 123 million. ITG implements a
    two-for-one stock split. What is the total number
    of shares outstanding after the stock split? What
    is the par value per share after the split? What
    is the book value of equity after the split?

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ACC 306 Experience Tradition/sellfy.com
  • ACC 306 Week 3 Homework (BE 17-17, BE 17-22,
    E17-17, E17-21, P17-1, P17-6, BE18-5, BE18-6,
    E18-4, E1
  • https//sellfy.com/p/QawK/
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  • BE 17-17 BE 17-22 E17-17 E17-21

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ACC 306 Experience Tradition/sellfy.com
  • ACC 306 Week 3 Quiz New
  • https//sellfy.com/p/LVew/
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  • QUESTION 1 On January 1, 2015, Dillon
    Manufacturing leased another piece of machinery
    for use in its North American operations from
    Evans Bank. The nine-year, non-cancellable lease
    requires annual lease payments of 16,000,
    beginning January 1, 

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ACC 306 Experience Tradition/sellfy.com
  • ACC 306 Week 4 Homework (BE 19-3, BE 19-11, BE
    19-5, E19-6, P19-2, P19-5, BE20-5, BE20-9, E20-9,
    E 2
  • https//sellfy.com/p/dqWh/
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  • BE 19-3BE 19-11BE 19-5E19-6

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ACC 306 Experience Tradition/sellfy.com
  • ACC 306 Week 4 Quiz New
  • https//sellfy.com/p/FY1b/
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  • QUESTION 1On January 1, Year 1, Sweeney Company
    granted an employee options to purchase 100
    shares of Sweeney's common stock at 40 per
    share. The options became exercisable on December
    31, Year 1, after the employee had completed one
    year of service, and were exercised on that date.
    Market prices of the stock and fair values of the
    options were as follows

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ACC 306 Experience Tradition/sellfy.com
  • ACC 306 Week 5 Homework (BE 21-7, BE 21-10, E
    21-2, E 21-2, P21-1, BE 22-6, E 22-1)
  • https//sellfy.com/p/NLxR/
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  • BE 21-7BE 21-10E 21-2E 21-2

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ACC 306 Experience Tradition/sellfy.com
  • ACC 306 Week 5 Quiz (2 Set)
  • https//sellfy.com/p/tDuF/
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  • QUESTION 1On August 31 of the current year,
    Harvey Co. decided to change from the FIFO
    periodic inventory system to the weighted-average
    periodic inventory system. Harvey uses
    U.S. GAAP, is on a calendar year basis, and
    does not present comparative financial
    statements. The cumulative effect of the change
    is determined

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ACC 306 Experience Tradition/sellfy.com
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