Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Physical Inventory:
It is just a discussion. No need for APA formatting. Since it is year-end, you have decided that it is time for Ed to complete a physical inventory of parts and finished goods.
Ed is telling you that he has never done this before and doesn't believe it necessary because "everyone always keeps good records of what is used and sold.
" Discuss why you feel Ed needs to conduct a physical inventory. How will this impact the financial statements?
Write a proposed policy for Ed's office procedures manual including details of why an inventory count is necessary, how and when the inventory count will be conducted, and who will be responsible for ensuring the count is completed.
canyon candy company began operation on jan 1 2004 by purchasing 2000 of supplies a the end of its first year of
on january 1 2008 the delta company borrowed 162000 cash from the first trust bank by issuing a five-year 8
the bank account as a control device helps to protect cash. one of the requirements is to conduct periodic bank
nut house manufactures and sells jars of peanut butter. all of the companys output passes through five production
Sales returns and allowances $1,700. A physical count of inventory determines that merchandise inventory on hand is $14,100. Prepare the adjusting entry necessary as a result of the physical count.
hart company purchased a depreciable asset for 450000. the estimated salvage value is 30000 and the estimated useful
the pool has an estimated useful life of 5 years. the appraisal was to determine the value of robertos residence with
1.according to a summary of the payroll of scotland company 450000 was subject to the 7.0 social security tax and
(1) Name the accounts impacted and how using the format account name/debit or credit/dollar amount and (2) explain how the Accounting Equation is impacted.
cheaney corporation owns a number of cruise ships and a chain of hotels. the hotels which have not been profitable were
on june18 2006 jantz company had accounts receivable of 600000 and anallowance for doubtful accounts with a 22000
randolph is a 30 partner in the rd partnership. on january 1 rd distributes 15000 cash an investment with a fair value
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd