AB 299 Exceptional Education / snaptutorial.com

1
ACC 205 Exceptional Education / snaptutorial.com
2
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 1 Assignment Student Guidance
Report For more classes visit www.snaptutorial.com
  Exercises 2.        Basic computations. The
following selected balances were extracted from
the accounting records of Rossi Enterprises on
December 31, 20X3
3
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 1 Chapter 1 2 Quiz and Video
Quiz For more classes visit www.snaptutorial.com  
ACC 205 Week 1 Chapter 1,2 Quiz and Video
Quiz     1. In accounting the concept of
materiality refers to ________________.       Ques
tion 2. 2. Typically accounting transactions a
4
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 1 DQ 1 Accounting Equation For more
classes visit www.snaptutorial.com   As you have
learned in this weeks readings the Accounting
Equation is Owners Equity.  Is the accounting
equation true in all instances?  Provide sample
transactions from your own experiences to
demonstrate the validity of the Accounting
Equation.  
5
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 1 DQ 2 Accounts For more classes
visit www.snaptutorial.com   What does the term
account mean?  What are the different
classifications of accounts?  How do the rules
for Debits and Credits impact accounts?  Please
provide an example of ho
6
ACC 205 Exceptional Education / snaptutorial.com
aa
7
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 1 Journal Balance Sheet Journal For
more classes visit www.snaptutorial.com   Balance
Sheet JournaThe Balance Sheet is a financial
snap shot of a company at  a particular point in
time.  The Balance Sheet lists the assets,
liabilities, and equity of the company.  Reflect
on your
8
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 2 Assignment Student Guidance
Report For more classes visit www.snaptutorial.com
  Exercise 4 4. Accounting for prepaid expenses
and unearned revenues. Hawaii-Blue began business
on January 1 of the current year and offers
deep-sea fishing trips to tourists. Tourists pa
9
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 2 Chapter 3 4 Quiz and Video Quiz
For more classes visit www.snaptutorial.com   ACC
205 Week 2 Chapter 3,4 Quiz and Video
Quiz     1. The accrual basis of accounting
means_______________________.       Question 2.
2. Under accrual basis accounting revenue i
10
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 2 DQ 1 Accounting Cycle For more
classes visit www.snaptutorial.com   Financial
statements are a product of the accounting cycle. 
11
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 2 DQ 2 Bank Reconciliation For more
classes visit www.snaptutorial.com   What is the
purpose of a bank reconciliation?  What are the
reasons there are differences between the cash
reported in the accounting records and the cash
balance in the bank statements?
12
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 2 Journal Income Statement
Journal For more classes visit www.snaptutorial.
com   The Income Statement measures the income
and expenses of a company over a specific period
of time.  Reflecting on your personal financial
statement for the past month, can you apply the
principles of the Income Statement?  What did you
learn from this experience?
13
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 3 Assignment Student Guidance
Report For more classes visit www.snaptutorial.com
  Chapter 5, Exercise 1 Inventory errors and
income measurement. The income statements of
Keagle Company for 20X3 and 20X4 follow. 20X3
                          20X4 Sales
                                       100,000
                    109,000 Cost of goods sold
                 62,000                        
74,000
14
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 3 Chapter 5 6 Quiz and Video
Quiz For more classes visit www.snaptutorial.com  
ACC 205 Week 3 Chapter 5,6 Quiz and Video
Quiz     1. Gross Profit is ___________________.  
    
15
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 3 DQ 1 LIFO vs. FIFO For more
classes visit www.snaptutorial.com   The
controller of Sagehen Enterprises believes that
the company should switch from the LIFO method to
the FIFO method.  The controllers bonus is based
on the next income.  It is the controllers
belief that the switch in inventory methods would
increase the net income of the company
16
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 3 DQ 2 Depreciation For more
classes visit www.snaptutorial.com   There is a
variety of depreciation methods used to allocate
the cost of an asset to all of the accounting
periods benefited by the use of the asset.  Your
client has just purchased a piece of equipment
for 100,000.  Explain the concept of
depreciation.  Which of the followin
17
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 3 Journal Inventory Journal For
more classes visit www.snaptutorial.com   Reflect
for a moment on the LIFO (Last in First Out) and
FIFO (First in First Out) inventory methods. If
you were starting a small manufacturing company,
what inventory
18
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 4 Assignment Student Guidance
Report For more classes visit www.snaptutorial.com
  Chapter 7 Exercise 2 and 4 2.         Accrued
liability current portion of long-term debt. On
July 1, 20X1, Hall Company borrowed 225,000 via
a long-term loan. Terms of the loan require that
Hall pay interest and 75,000 of principal on
July 1, 20X2, 20X3, and 20X4. The unpaid balance
of the loan accrues interest
19
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 4 Chapter 7 8 Quiz and Video
Quiz For more classes visit www.snaptutorial.com  
ACC 205 Week 4 Chapter 7,8 Quiz and Video
Quiz   1. Current Liabilities are ___________
20
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 4 DQ 1 Current Liability For more
classes visit www.snaptutorial.com   What is a
current liability?  From a user of financial
statements perspective why do you believe current
liabilities are separated from long-term
liabilities?  Based on your current e
21
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 4 Journal Future Obligations
Journal For more classes visit www.snaptutorial.
com   The current liability section of the
balance sheet lists the liabilities that are due
within the next 12 months.  Reflecting on your
current financial situation, apply the concept of
current liabilities.  What does this analysis
tell you about your future obligations?  What did
you
22
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 5 Assignment Student Guidance
Report For more classes visit www.snaptutorial.com
  Chapter 9 Exercise 3 Liquidity ratios. Edison,
Stagg, and Thornton have the following financial
information at the close of business on July
10 Compute the current and quick ratios for each
of the three companies.
23
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 5 Chapter 9 Quiz and Video Quiz For
more classes visit www.snaptutorial.com   ACC 205
Week 5 Chapter 9 Quiz and Video Quiz    
24
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 5 DQ 1 For more classes
visit www.snaptutorial.com   ACC 205 Week 5 DQ
1aa
25
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 5 DQ 2 For more classes
visit www.snaptutorial.com   ACC 205 Week 5 DQ
2  
26
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 5 Final Paper Paper (Boeing General
Electric Lowes Home) (3 Papers) For more classes
visit www.snaptutorial.com   This Tutorial
contains 3 Papers Paper 1 Boeing Paper 2
General Electric
27
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 5 Final Paper Paper (Microsoft
StarBucks) (2 Papers) For more classes
visit www.snaptutorial.com   This Tutorial
contains 2 Papers Paper 1 Microsoft Paper 2
StarBucks
28
ACC 205 Exceptional Education / snaptutorial.com
aa
29
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 5 Final Paper Paper (Walmart,
Qualcomm) (2 Papers) For more classes
visit www.snaptutorial.com   This Tutorial
contains 2 Papers Paper 1 Walmart Paper 2
Qualcomm
30
ACC 205 Exceptional Education / snaptutorial.com
ACC 205 Week 5 Journal Most Important Ratio
Journal For more classes visit www.snaptutorial
.com   Most Important Ratio Journal Reflect for a
moment on the ratios (working capital, current
ratio, q
31
ACC 205 Exceptional Education / snaptutorial.com