ACCT 216 help A Guide to career/Snaptutorial

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ACCT 216 help A Guide to career/ snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
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ACCT 216 help A Guide to career/ snaptutorial.com
ACCT 216 Week 1 Homework (v 2) For more classes
visit www.snaptutorial.com     1.Please write a
four-to-six sentence paragraph on the following
question. Good business and accounting practices
require the exercise of good judgment. How
should ethics be incorporated into making
accounting judgments? Why is ethics important?
2.Sharon Kent is a realtor. She organized her
business, called SK Realty, as a corporation on
April 1, 2013. Sharon started the business by
depositing 105,000 in cash into the business
bank account and issued herself
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ACCT 216 help A Guide to career/ snaptutorial.com
ACCT 216 Week 2 Homework For more classes
visit www.snaptutorial.com     1. Please write a
4-6 sentence paragraph on the following question.
Describe each of the 4 basic financial
statements. What is the relationship between
them? 2. During the first month of operations
(March 2011) Jerry Enterprises completed the
following selected transactions a.The business
received 12,000 in cash and a building valued at
52,000. The corporation issued stock to the
contributors of these. b.Borrowed 15,800 from
the bank and signed a note payable to them c.Paid
12,000 for equipment
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ACCT 216 help A Guide to career/ snaptutorial.com
ACCT 216 Week 3 Homework For more classes
visit www.snaptutorial.com     ACCT216 Week 3
Homework 1.Classify the following items as (a) an
addition to the bank balance, (b) a subtraction
from the bank balance, (c) an addition to the
book balance, or (d) a subtraction from the book
balance 2.During 2013, Jimmy Enterprises
completed the following transactions a.Sales
revenue on account, 550,000. b.Collections on
account, 325,000
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ACCT 216 help A Guide to career/ snaptutorial.com
ACCT 216 Week 5 Homework A For more classes
visit www.snaptutorial.com     Suppose the
Atlanta Falcons purchased a new set of goal posts
for 20,000 each. The Falcons expect the goal
posts to have a useful life of five years and a
salvage value of 1,000 each when they sell them
to a local high school. Required 1. Compute the
first years depreciation using the following
methods 2.Suppose the team depreciates the asset
based on number of goals scored. The team
anticipates goals
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ACCT 216 help A Guide to career/ snaptutorial.com
ACCT 216 Week 4 Homework For more classes
visit www.snaptutorial.com     Homework
scenario Suppose Robotics, Inc.s inventory
records for a particular item indicated the
following transactions in September September
1 Beginning Inventory 10 units _at_ 29 September
9 Purchase
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ACCT 216 help A Guide to career/ snaptutorial.com
ACCT 216 Week 5 Homework B For more classes
visit www.snaptutorial.com     Suppose the
Colorado Avalanche purchased a new Zamboni
machine to scrape the ice off the rink between
periods. The Zamboni cost 100,000 and has a
useful life of three years and a residual value
of 5,000 when it is sold to a minor league
hockey team. The Zamboni is anticipated to drive
352 miles the first year, 375 miles the second
year, and 435 miles the third year when the team
anticipates winning the Stanley
Cup. Required1.Compute the first years
depreciation using the following
methodsa.Straight-line b.Double-declining balance
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ACCT 216 help A Guide to career/ snaptutorial.com
 ACCT 216 Week 6 Homework A For more classes
visit www.snaptutorial.com   During August 2013,
DB Inc. completed the following
transactions a.8/1/13 Purchased a new piece of
equipment for 50,000 signing a 6 month, 8 note
payable. b.8/10/13 Issued 15,000 shares of
2.00 par stock at 8.00 per share. c.8/15/13
Received an invoice for their telephones for
450.00 that will be paid next month. d.8/16/13
Sold 320,000 in product sales and accrued 5 for
warranty liability.
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ACCT 216 help A Guide to career/ snaptutorial.com
ACCT 216 Week 6 Homework B For more classes
visit www.snaptutorial.com     During March 2013,
JZ Inc. completed the following
transactions a.3/1/13 Purchased a new piece of
equipment for 75,000 signing a 6 month, 7 note
payable. b.3/10/13 Issued 10,000 shares of
2.00 par stock at 9.00 per share. c.3/15/13
Received an invoice for their telephones for
375.00 that will be paid next month. d.3/16/13
Sold 450,000 in product sales and accrued 6 for
warranty liability.
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ACCT 216 help A Guide to career/ snaptutorial.com
ACCT 216 Week 7 Homework A For more classes
visit www.snaptutorial.com     1. Please write a
4-6 sentence paragraph on the following
questions. a.What is the difference between an
exempt and non-exempt employee? b.How would you
decide whether to hire someone as an employee or
independent contractor? 2.Cindy Lou makes 30,000
per year as an exempt employee. She worked 15
hours of overtime in the month of September.
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ACCT 216 help A Guide to career/ snaptutorial.com
ACCT 216 Week 7 Homework B For more classes
visit www.snaptutorial.com     1. Please write a
4-6 sentence paragraph on the following
questions. a.Describe the three federal filing
requirements for a company at the end of the
year. b.What is the difference between Form 940
and Form 941? 2.Betty Meyer makes 40,000 per
year as an exempt employee. She worked 25 hours
of overtime in the month of March.
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ACCT 216 help A Guide to career/ snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com