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!
GRADED PROJECT Directions: Be sure to make an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English spelling and grammar. Sources must be cited in APA format. Your response should be a minimum of one (1) single-spaced page to a maximum of two (2) pages in length; refer to the "Assignment Format" page for specific format requirements. Part A (30 points) Prepare general journal entries to record the following transactions for the Harris Company. (The company uses the balance sheet approach for recording bad debts expense.) 2010 Dec. 31 Recorded Bad Debts Expense, $800 2011 Jan. 3 Wrote off Jal's account as uncollectible, $60 Mar. 4 Wrote off Hall's account as uncollectible, $75 Jul. 5 Recovered $45 from Hall Aug. 19 Wrote off M. Wilson's account as uncollectible, $100 Nov. 7 Recovered $25 from Jal Part B (10 points each for a possible total of 40 points) For each of the following, identify in Column 1 the category to which the account belongs, in Column 2 the normal balance for the account, in Column 3 the financial statement that the account in which the account balance is reported, and in Column 4 the account's nature (temporary/permanent (1) Column 1 Column 2 Column 3 Column 4 Interest payable (2) Column 1 Column 2 Column 3 Column 4 Interest receivable (3) Column 1 Column 2 Column 3 Column 4 Discount on notes payable (4) Column 1 Column 2 Column 3 Column 4 Store equipment Part C (15 points each for a possible total of 30 points) A computer server system, which had cost $210,000 and had accumulated depreciation of $147,000, was traded for a new system with a fair market value of $235,000. The old system and cash of $180,000 were given for the new system. Prepare the journal entry for the exchange of these similar assets. Prepare journal entries for the following for Bartz, Inc. May 11 Replaced the engine in a Van #1, paying cash of $5,400 May 18 Paid cash for a tune-up of the engine in Van #2 of $570 May 29 Paid cash to add a lift to Van #2 of $3,700
Prepare the business Income Statement for the period, prepare the Statement of Changes in Equity for the period and prepare the classified Balance Sheet at the end of the period.
turks sells miniature digital cameras for 400 each. 900 units were sold in may and it forecasts 5 growth in unit sales
sonimad sawmill manufactures two lumber products from a joint milling process. the two products developed are mine
After doing some outside research, discuss what you believe were some of the weaknesses of the SEC that prevented earlier detection of Madoff's actions. What improvements have been made to the SEC since 2009?
schaefer organic farms purchased a new tractor at a cost of 80000. annual operating cash inflows are expected to be
the cardinal company produces t-shirts promoting otterbein university to various retailers. the cost of producing and
If you were the payroll supervisor, how would you answer each of the following questions raised by your associate?
you are the general accountant for word systems inc. a typing service based in los angeles california. the company has
textbooks and in practice and has always been considered a variable cost at TufStuff. After all, direct means you can directly trace the cost to products.If direct labor is not a variable cost, what is?
The occurrence that most likely would have no effect on 2007 net income is the:
The following cost card was found in the Inventory ledger for part AAA. Direct Materials $600, 20 hours of Direct Labor at $20 per hour $400, manufacturing overhead is applied at $15 per direct labor hour, one third of the overhead is fixed the re..
Described above to increase profits
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