ACC 205 Week 1 Assignment P2-53B Correcting errors in a trial balance ACC 205 Week 1 DQ 1 Ethical Issues ACC 205 Week 1 DQ 2 Debit and Credit ACCRead More
P2-53B Correcting errors in a trial balance The trial balance for Treasure Hunt Exploration Company does not balance. Treasure Hunt Exploration Company Trial Balance July 31, 2012 Cash 6,600 AccountsRead More
What is the fundamental ethical issue in this situation?How do the two suggestions of the company owner differ?
Define the terms “debit” and “credit”. Explain how debits and credits affect the following: assets, liabilities, owner’s capital account, revenues and expenses. Respond to at least two of your classmates’Read More
ACC 205 Week 2 Assignment P3-32A, P3-33A, E4-21, P4-25A
From Chapter 3, Ethical Issue 3-1 Compute the overall effects of these transaction o the store’s reported income 2014. Why is Steinbach taking this action? Is his action ethical? GiveRead More
Explain the purpose of adjusting entries. How is net income affected if adjusting entries are not made? Describe the four closing entries and explain their purpose. Respond to at leastRead More
ACC 205 Week 3 Assignment E5-16 ,E6-23 ,E6-28, P5-29A
From Chapter 5, Ethical Issue 5-1 Under Dobbs’ FOB policy, when should the company record a sale? Do you approve or disapprove of Dobbs’ manner of deciding when to shipRead More
Describe the inventory valuation methods FIFO and LIFO. Which items are included in ending inventory under each method? Respond to at least two of your classmates’ postings.
ACC 205 Week 4 Assignment P7-31A, P8-32A, P8-26A, P8-27A, P7-27A
Fraud Case 7-1. What was the key control weakness in this case? Many small businesses cannot afford to hire enough people for adequate separation of duties. What can they doRead More