Describe the objectives for weeks one and two your

Assignment Help Accounting Basics
Reference no: EM13390991

Discuss the objectives for Weeks One and Two. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.

Write a 350- to 1,050-word summary APA format

Objectives

Week 1

Prepare journal entries to account for transactions related to accounts receivable and bad debt using both percentage of sales and the percentage of receivables methods.

Distinguish between tangible and intangible assets.

Identify the entries associated with acquisition, disposal, and sales of plant assets.

Distinguish between revenue and capital expenditures, and the entries associated with each.

Week 2

Differentiate among accounts payable, notes payable, and accrued expenses.

Prepare necessary journal entries to record the issuance of bonds, the periodic interest, and amortization of bond premiums and discounts.

Calculate depreciation and amortization expense using various methods.

 

Reference no: EM13390991

Questions Cloud

Which of the given is a cost impact and payoff analysis : i which of the following is a cost impact and payoff analysis tool from the operations consulting tool kit?bull
If electricity can be bought for costs of 010 per kwh how : a university spent 1.8 million to install solar panels atop a parking garage. these panels will have a capacity of
Considering the hau lees uncertainty framework for : a which of the following is a characteristic that can be used to guide the design of service systems?bull
The price of each sofa is 400 average variable cost is 200 : the allen corporation a sofa retailer wants to determine how many sofas it must sell in order to earn a profit of 10000
Describe the objectives for weeks one and two your : discuss the objectives for weeks one and two. your discussion should include the topics you feel comfortable with any
If marginal congestion cost of using bridge is mc 5 02q : the per-week demand for use of the golden gate bridge in san francisco is p 13 - 0.15q during peak traffic periods and
Given the answers to parts a and c which pricing mechanism : when producing 10 units jean has total variable costs of 400 total fixed costs of 550 and assets of 3000. assume you
Montereys restaurant is presently only restaurant in town : montereys restaurant is currently the only restaurant in town that sells mexican food. montereys advisors estimate that
Tudeaus body shop incurs total costs given by tc 2400 : trudeaus body shop incurs total costs given by tc 2400 100q. if the price it charges for a paint job is 120 what is

Reviews

Write a Review

Accounting Basics Questions & Answers

  Accounting rate of return on original investment

The company uses the straight-line method of depreciation with no mid-year convention. What is the accounting rate of return on original investment rounded to the nearest percent, assuming no taxes are paid.

  Statement concerning the income statement

Discuss and identify how the four basic financial statements are important, and how they are interrelated with each other, and why they are useful to managers, investors, creditors, and employees.It has to be 700-1050 words.

  What is the most you should pay for this investment

Your investment adviser wants you to purchase an annuity that will pay you $25,000 per year for 10 years. If you require a 7% return, what is the most you should pay for this investment?

  Describe the form and nature of operation of business

One of your clients was to form a new business. He spoke to his lawyer and was advised to check with CPA to determine the business form of organization.

  Compute the price of the bond

Compute the price of the bond

  Absorption costing-variable costing income statements

Prepare a new income statement for the year using variable costing. Comment on the differences between the absorption costing and the variable costing income statements.

  Adjusted balance of allowance for doubtful accounts

Past experience indicates that 3% of net credit sales become uncollectible. What should be the adjusted balance of allowance for doubtful accounts at December 31,2011?

  What would be your inventory procedures

You can bullet point your procedure for count and value-answer does not have to be a very long answer but well thought out.

  Variable overhead spending-fixed overhead budget variances

The actual level of activity for the period was 4,600 MHs. What was the total of the variable overhead spending and fixed overhead budget variances for the month?

  Journal entry required to record the payment

A business purchases $ 40,000 merchandise on credit terms 2/10, n 30 on June 6, 2009. If it pays for the merchandise on June 15, 2009 what is the journal entry required to record the payment.

  Compute the profit for the consignor for the unit sold

(Consignment Computations) On May 3, 2012, Eisler Company consined 80 freezers, costing $500 each, to Remmers Company. The cost of shipping the freezers amount to $840 and was paid by Eisler Company.

  What general internal control weaknesses contributed

What general internal control weaknesses contributed to this fraud?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd