ACC 422 A Clearer Path to Student Success / tutorialrank.com

1
ACC 422 Help A Clearer Path to Student Success /
tutorialrank.com
The Best way to predict the Future is to create
it.....To Best way....
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ACC 422 Help A Clearer Path to Student Success /
tutorialrank.com

• ACC 422 Final Exam Guide (New 2017 ,Score 29,30)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• Brief Exercise 13-2
•  
• Ivanhoe Company borrowed 30,000 on November 1,
  2017, by signing a 30,000, 8, 3-month note.
  Prepare Ivanhoes November 1, 2017, entry the
  December 31, 2017, annual adjusting entry and
  the February 1, 2018, entry.

3
ACC 422 Help A Clearer Path to Student Success /
tutorialrank.com

• ACC 422 Final Exam Guide (New 2017 with EXCEL
  FILE , Score 29)
•  
• For more course tutorials visit
• www.tutorialrank.com
• Multiple Choice Question 21
•  
• Which of the following inventories carried by a
  manufacturer is similar to the merchandise
  inventory of a retailer?
•  
• Question 14
•  
• A fire destroys all of the merchandise of
  Shamrock Company on February 10, 2017. Presented
  below is information compiled up to the date of
  the fire.

4
ACC 422 Help A Clearer Path to Student Success /
tutorialrank.com

• ACC 422 Final Exam Guide (New 2017 with EXCEL
  FILE)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• Brief Exercise 13-5
•  
• Riverbed Corporation made credit sales of 19,800
  which are subject to 7 sales tax. The
  corporation also made cash sales which totaled
  28,462 including the 7 sales tax.

5
ACC 422 Help A Clearer Path to Student Success /
tutorialrank.com

• ACC 422 Final Exam Guide (New 2017)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• Brief Exercise 7-7
•  
• Larkspur Family Importers sold goods to Tung
  Decorators for 40,800 on November 1, 2017,
  accepting Tungs 40,800, 6-month, 6 note.
•  
• Prepare Larkspurs November 1 entry, December 31
  annual adjusting entry, and May 1 entry for the
  collection of the note and interest.

6
ACC 422 Help A Clearer Path to Student Success /
tutorialrank.com

• ACC 422 Final Exam Guide (Score 29,30 , New 2017
  )
•  
• For more course tutorials visit
• www.tutorialrank.com
• Brief Exercise 7-1
•  
• https//edugen.wileyplus.com/edugen/art2/common/pi
  xel.gif
•  
• Your answer is correct.
•  
•  
• Vaughn Enterprises owns the following assets at
  December 31, 2017.

7
ACC 422 Help A Clearer Path to Student Success /
tutorialrank.com

• ACC 422 Final Exam Guide (Score 29,30 , New 2017,
  with EXCEL File)
•  
• For more course tutorials visit
• www.tutorialrank.com
• A fire destroys all of the merchandise of
  Shamrock Company on February 10, 2017. Presented
  below is information compiled up to the date of
  the fire.
•  
• Inventory, January 1, 2017
• 432,200
• Sales revenue to February 10, 2017

8
ACC 422 Help A Clearer Path to Student Success /
tutorialrank.com

• ACC 422 Final Exam Guide (Score 29,30)
•  
• For more course tutorials visit
• www.tutorialrank.com
• Brief Exercise 14-3
• The Skysong Company issued 260,000 of 10 bonds
  on January 1, 2017. The bonds are due January 1,
  2022, with interest payable each July 1 and
  January 1. The bonds were issued at 98.
•  
• Prepare the journal entries for (a) January 1,
  (b) July 1, and (c) December 31. Assume The
  Skysong Company records straight-line
  amortization semiannually.

9
ACC 422 Help A Clearer Path to Student Success /
tutorialrank.com

• ACC 422 Final Exam Guide (with EXCEL FILE , Score
  29)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• Brief Exercise 14-3
• The Skysong Company issued 260,000 of 10 bonds
  on January 1, 2017. The bonds are due January 1,
  2022, with interest payable each July 1 and
  January 1. The bonds were issued at 98.
•  
• Prepare the journal entries for (a) January 1,
  (b) July 1, and (c) December 31. Assume The
  Skysong Company records straight-line
  amortization semiannually.

10
ACC 422 Help A Clearer Path to Student Success /
tutorialrank.com

• ACC 422 Final Exam Guide (with EXCEL FILE)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• Brief Exercise 10-8
• Pearl Corporation traded a used truck (cost
  29,600, accumulated depreciation 26,640) for a
  small computer with a fair value of 4,884. Pearl
  also paid 740 in the transaction.
•  
• Prepare the journal entry to record the exchange.
  (The exchange has commercial substance.)

11
ACC 422 Help A Clearer Path to Student Success /
tutorialrank.com

• ACC 422 Final Exam Guide
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• Brief Exercise 10-6
•  
• Waterway Inc. purchased land, building, and
  equipment from Laguna Corporation for a cash
  payment of 327,600. The estimated fair values of
  the assets are land 62,400, building 228,800,
  and equipment 83,200. At what amounts should
  each of the three assets be recorded?

12
ACC 422 Help A Clearer Path to Student Success /
tutorialrank.com
The Best way to predict the Future is to create
it.....To Best way....
www.tutorialrank.com