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ACC 205(NEW) Enhance teaching/ tutorialrank.com
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 1 Assignment Student Guidance
Report For more course tutorials
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Times, RatingB   Exercises 2.        Basic
computations. The following selected balances
were extracted from the accounting records of
Rossi Enterprises on December 31, 20X3
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 1 Chapter 1,2 Quiz and Video Quiz
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205 Week 1 Chapter 1,2 Quiz and Video Quiz  1. In
accounting the concept of materiality refers to
________________.       Question 2. 2. Typically
accounting transactions are recorded and reported
at _______________.
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 1 DQ 1 Accounting Equation (New)
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rating   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.  
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 1 DQ 2 Accounts (New) For more
course tutorials visit www.tutorialrank.com Tutori
al Purchased 1 Times, Rating B   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 how debits and credits
impact accounts.
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 1 Journal Balance Sheet Journal
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Times, Rating A   The 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 personal financial situation, can
you apply the concepts of the Balance Sheet? 
What did you learn from this reflection?
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 2 Assignment Student Guidance
Report For more course tutorials
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Times, RatingB   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.
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 2 Chapter 3,4 Quiz and Video Quiz
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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 is not
recognized until _________________.         
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 2 DQ 1 Accounting Cycle (New) For
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utorial Purchased 2 Times, Rating B   Financial
statements are a product of the accounting
cycle.  Think about two different companies, one
a manufacturing company, the other a retail
company.  Why would different companies have
different
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 2 DQ 2 Bank Reconciliation (New)
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rating   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?
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 2 Journal Income Statement Journal
(New) For more course tutorials
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Times, Rating B   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?
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 3 Assignment Student Guidance
Report For more course tutorials
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Times, RatingB   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
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 3 Chapter 5,6 Quiz and Video Quiz
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205 Week 3 Chapter 5,6 Quiz and Video Quiz     1.
Gross Profit is ___________________.       Questio
n 2. 2. All of the following are considered part
of inventory cost except__________.     
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ACC 205 Week 3 DQ 1 LIFO vs. FIFO (New) For
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rating   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.
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ACC 205 Week 3 DQ 2 Depreciation (New) For more
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al Purchased 3Times, Rating A 1. Specific
identification method. Boston Galleries uses the
specific identification method for inventory
valuation. Inventory information for several oil
paintings follows.
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 3 Journal Inventory Journal (New)
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B   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 method do
you believe would provide the most accurate
financial statements? Why do you believe this is
the case?
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 4 Assignment Student Guidance
Report For more course tutorials
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Times, RatingB   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
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 4 Chapter 7,8 Quiz and Video Quiz
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205 Week 4 Chapter 7,8 Quiz and Video Quiz   1.
Current Liabilities are __________________________
___. (Points 1)   Question 2. 2. The Unearned
Revenue account is used to record
____________________. (Points 1)
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 4 DQ 1 Current Liability (New) For
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utorial Purchased 1 Times, Rating No
rating   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 experience and any additional
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 4 DQ 2 Client Recommendations (New)
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com Tutorial Purchased 2 Times, RatingB   A
client comes to you thinking about starting a
consulting business.  Specifically your client is
interested in what type of entity should be
created for this new business. 
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 4 Journal Future Obligations Journal
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Times, Rating A   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. 
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 5 Assignment Student Guidance
Report For more course tutorials
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Times, RatingB   Chapter 9 Exercise 3 Liquidity
ratios. Edison, Stagg, and Thornton have the
following financial information at the close of
business on July 10
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 5 Chapter 9 Quiz and Video Quiz
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205 Week 5 Chapter 9 Quiz and Video
Quiz     Question 1. 1. Common-size financial
statements means___________________.    Question
2. 2. Vertical analysis of a financial statement
involves_______________.  
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 5 DQ 1 (New) For more course
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Week 5 DQ 1 
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ACC 205 Week 5 DQ 2 (New) For more course
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Week 5 DQ 2
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 5 Final Paper Paper (Boeing General
Electric Lowes Home) (3 Papers) For more course
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contains 3 Papers Paper 1 Boeing Paper 2
General Electric Paper 3 Lowes Home
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 5 Final Paper Paper (Microsoft
StarBucks) (2 Papers) For more course tutorials
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Times, RatingB   This Tutorial contains 2
Papers Paper 1 Microsoft Paper 2 StarBucks  
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 5 Final Paper Paper (Walmart,
Qualcomm) (2 Papers) For more course tutorials
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Times, RatingB   This Tutorial contains 2
Papers Paper 1 Walmart Paper 2 Qualcomm Final
PaperFocus of the Final Paper
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
ACC 205 Week 5 Journal Most Important Ratio
Journal (New) For more course tutorials
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Times, RatingB   Most Important Ratio
Journal Reflect for a moment on the ratios
(working capital, current ratio, quick ratio,
debt to asset, debt to equity, times interest
earned, gross margin and net margin) presented
this week. 
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ACC 205(NEW) Enhance teaching/ tutorialrank.com
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