# Register now to access 7 million high quality study materials (What's Course Hero?) Course Hero is the premier provider of high quality online educational resources. With millions of study documents, online tutors, digital flashcards and free courseware, Course Hero is helping students learn more efficiently and effectively. Whether you're interested in exploring new subjects or mastering key topics for your next exam, Course Hero has the tools you need to achieve your goals.

1 Page

### 05 - SOLUTION Problem 5-2

Course: MKTG 300, Spring 2012
School: St. Xavier
Rating:

Word Count: 267

#### Document Preview

5-2 Problem Solution Accounting Cycle Steps Listed below are the nine steps in the Accounting Cycle. The Steps are listed in random order. Indicate each Steps correct sequence in the Accounting Cycle by placing the number 1 to 9 on the line after the word Step. Step 3 At the end of the accounting period, before preparing the financial statements, determine if any of the General Ledger account balances need to be...

Register Now

#### Unformatted Document Excerpt

Coursehero >> Illinois >> St. Xavier >> MKTG 300

Course Hero has millions of student submitted documents similar to the one
below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

Course Hero has millions of student submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.
5-2 Problem Solution Accounting Cycle Steps Listed below are the nine steps in the Accounting Cycle. The Steps are listed in random order. Indicate each Steps correct sequence in the Accounting Cycle by placing the number 1 to 9 on the line after the word Step. Step 3 At the end of the accounting period, before preparing the financial statements, determine if any of the General Ledger account balances need to be adjusted. Enter any required adjusting entries into the General Journal and post the adjusting entries to the General Ledger accounts. Prepare the Balance Sheet from the ending balances in the General Ledger asset accounts, liability accounts, Common Stock account, and the calculated ending balance for the Retained Earnings account. Prepare a Post-Closing Trial Balance to determine that the accounts in the General Ledger are in balance ready and to start a new Accounting Cycle. For each business transaction that occurs during the accounting period, determine the effect of the transaction on the General Ledger accounts. Prepare a Pre-Closing Trial Balance to determine that the accounts in the General Ledger are in balance. Calculate the ending balance of the Retained Earnings account that is needed for the preparation of the Balance Sheet. Prepare an Income Statement from the ending balances in the General Ledger revenue and expense accounts. Prepare and enter the revenue, expense, and dividend closing entries into the General Journal, and post the closing entries to the General Ledger accounts. Make an entry in the General Journal for each transaction and post the entry to the General Ledger accounts. Step 7 Step 9 Step 1 Step 4 Step 6 Step 5 Step 8 Step 2
Find millions of documents on Course Hero - Study Guides, Lecture Notes, Reference Materials, Practice Exams and more. Course Hero has millions of course specific materials providing students with the best way to expand their education.

Below is a small sample set of documents:

St. Xavier - MKTG - 300
Chapter 5 Additional ProblemProblem 5-3 Gray Co. Closing Entries for February SolutionThis problem closes Gray Co.s Revenue and Expense accounts for the month of February2011. Requirement 5 in the problem, which is repeated below, instructs the student
St. Xavier - MKTG - 300
Problem 6-1 Solution - OverPriced Jeans, Inc. March Accounting Period General JournalDate Mar 01 Account Cash - Big Bank Common Stock Issue additional common stock Mar 01 Note Payable - Little Bank Cash - Big Bank Pay-off Little Bank note Mar 01 Interest
St. Xavier - MKTG - 300
Problem 7-1 SolutionRequirement 1 March 1 truck purchaseDate3/1/11Account NameTruckCashDebitCredit54,00054,000Purchase new truckRequirement 2 Monthly depreciation\$750\$54,000 / (6 yrs x 12 mths) = \$750Requirement 3 March 31 depreciation adju
St. Xavier - MKTG - 300
Problem 7-9 Solution - Lennys Depreciation Adjusting Entry for JanuarySee the January tab in the 3-Lenny's Lawn Service.xls workbookfor the Solutions to Problem 7-9Problem 7-10 Solution - Lennys Supplies Adjusting Entry for FebruarySee the February ta
St. Xavier - MKTG - 300
Problem 8-1 SolutionRequirement 1 January 1 receive \$15,000 advance payment for rentDateAccount Name01/01/11 CashUnearned Rent RevenueDebit15,000Credit15,000Receive Jan, Feb, March rent in advanceRequirement 2 T Account Analysis for the January
St. Xavier - MKTG - 300
Problem 8-5 Solution - Lennys Unearned Revenue Adjusting Entry for AprilSee the April screen in the 3-Lenny's Lawn Service.xls workbookfor the Solutions to Problem 8-5Requirement 6 - &quot;T&quot; Account Analysis&quot;T&quot; Account Analysis for Asset and Liability Acc
St. Xavier - MKTG - 300
Problem 9-1 SOLUTIONFor each item in the Account column, determine if the entries in the other three columns are correct. If all three entries are correct, then circle True. If one or more of the entries are not correct, then circle False. What makes a q
St. Xavier - MKTG - 300
Chapter 02 - The Accounting Information SystemChapter 2 HOMEWORKREVIEWSOLUTIONSQThe Accounting Information System UESTIONSQuestion 2-1External transactions are transactions between the company and a separateeconomic entity. Internal transactions d
St. Xavier - MKTG - 300
Chapter 3 HOMEWORK SOLUTIONSThe Financial Reporting ProcessREVIEW QUESTIONSQuestion 3-1The revenue recognition principle states that we record revenue in the period in which we earnit. If a company sells products or provides services to a customer in
St. Xavier - MKTG - 300
Chapter 04 - Cash and Internal ControlsChapter 4 HomeworkSolutionsCash and Internal ControlsREVIEWQUESTIONSOccupational fraud is the use of ones occupation for personal enrichmentthrough the deliberate misuse or misapplication of the employing orga
St. Xavier - MKTG - 300
Chapter 05 - Receivables and SalesChapter 5 HomeworkSolutionsReceivables and SalesQuestion 5-1REVIEWQUESTIONSWhen recording a credit sale, we debit accounts receivable. Accounts receivableare recorded as assets in the balance sheet.Trade receivab
St. Xavier - MKTG - 300
Chapter 07 - Long-Term AssetsChapter 7 HomeworkSolutionsLong-Term AssetsQUESTIONSQuestion 7-1WorldCom recorded assets on the balance sheet that should have been recorded as expenses onthe income statement. When WorldCom uses the telecommunication
UCSB - ENGL - 133TL
UCSB - GLOBAL STU - 1
Global Studies 1Global History, Culture and IdeologySpring 2012T R 11:00 a.m. - 12:15 p.m.Chemistry Room 1179Philip C. McCarty, Ph.D.Global and International StudiesOffice: SSMS Room 2004Office hours: T R 9:30-10:30 a.m.email: mccarty@global.ucsb
UCSB - HISTORY - 87
STUDY QUESTIONS FOR FINAL EXAMin exam format (exam will be W Dec 7)for History 87NAME:_The questions on the actual final will not be the same, but will be the same type of question covering the sametype of information. If you study using this guide y
UCSB - HISTORY - 87
UCSB - HISTORY - 87
The Pillow Book of Sei Shonagon Paper TopicsWomen Behavior28: The women are astounded at the lecherous behavior of men imposingthemselves on women. They squeal and exclaim how unpleasant and absurd thebehavior is as a form of their gathering and socia
UCSB - HISTORY - 87
COMPARINGTWOCONSTITUTIONSFromMeijiJapanThroughContemporarySourcesvol.1,andTheNewJapan,Appendixone.MEIJI(18901947)selectedarticlesChapterITHEEMPEROR1.TheEmpireofJapanshallbereignedoverandgovernedbyalineofEmperorsunbrokenforageseternal.3.TheEmperorissa
UCSB - CLIT - 30A
Sophocles,Antigone1. DifferentNotionsoftheLawinSophoclesAntigonea. Antigonecontraststwotypesoflawandjustice:divineorreligiouslawononehand,andthelawofmenandstatesontheother.Becauseofthecentralityoffateandtheruleofthegodsinthelivesofthemaincharactersof
UCSB - CLIT - 30A
Fall 2012Comparative Literature 30A: Major Works of European LiteratureClassical and Medieval Literature from Homer to DanteProf. Wolf Kittlere-mail: kittler@gss.ucsb.eduTimeTuesday, Thursday 12:30-01:45RoomBuchanan 1910Office hoursThursday 11:0
UCSB - SOC - 152A
Midterm #3 Study GuideKey Terms:SymmetryWaist-to-hip ratioMasculinityFemininityHomophilyCoolidge effectHabituationAsexualDeep kissingForeplayAfterplayNeckingPettingHeavy pettingFondlingOutercourseTribadismFellatioCunnilingus69Anilingu
UCSB - SOC - 152A
Final Study GuideKey Terms:Casual sexSex between peoplewho have knowneach other verybriefly and alsobetween those whodo not intend theencounter to lead toa longer sexualrelationshipHooking upUncommittedsexual intimacywith anacquaintance. C
UCSB - SOC - 152A
UCSB - SOC - 152A
Midterm #2 Study GuideKey Terms:GenderThe collection ofpsychological andbehavioral traitsthat differ betweenmales and femalesGender identityA personssubjective sense ofbeing male orfemaleTransgenderHaving a genderidentity that isdiscordant
UCSB - SOC - 152A
STDINSECTSPubic Lice (aka crabs; however,these are insects not crustaceans)TransmissionSymptoms/ ComplicationsAdditional Info- direct contact (body contact or thrushared bedding, clothing, towels, etc.)- may also spread to other hairy areasof th
UCSB - MUS - 11
Music 11- Fundamentals of MusicMWF 8:00-8:50amSpring 2012Instructor:Nicholas JurkowskiOffice: 2308Office Hours: M 1:00pm-2:00pmF 11:30am-12:30pmnjurkowski@gmail.comTeaching Assistants: Claire BarbaschOffice: 2240Office hours: T 11:00-12:00pmR
UCSB - MUS - 17
Indonesian Popular Music: 3 different styles represented by 3 well known artists- Similar to popular commercial music of the rest of the world in that it is circulated through massmedia, performed by famous stars- Style of music has Western influences
UCSB - MUS - 17
UCSB Music 17Winter 2012UCSBMusic 17 Worlds of MusicMid-term Study GuideProfessor Hellier-Tinocorhellier-tinoco@music.ucsb.eduFrom the questions below, 15 will be in the mid-term exam.This means that you can now study for the mid-term and prepare
UCSB - MUS - 17
Music 17 Lectures21:551/9/12MondayWhoweareInstructorDr.RuthHellierTinocoOffice:1109Officehours:Wednesday1112Rhelliertinoco@music.ucsb.eduTAsAvivaMilnerBrageOfficehours:Tue1112avivamb@gmail.comGeorgeBlakeWhyweinterpretthingsinacertainway?Ano
UCSB - MUS - 17
Music 17, Winter 2012Professor Hellier-TinocoPaper: Report on a music event (30%)Grading rubric:CriteriaPercentageInsightful, informed, rigorous, and analytical content and discussion35Application of concepts, theoretical frameworks, and material
UCSB - MUS - 17
Music 17, Proposal (WINTER 2012)Paper: Report on a music event (30%)[PLEASE REFER TO THE SYLLABUS FOR ALL DETAILS OF THIS PAPER]Proposal You should submit a brief single-page description of your project by Monday 6February (week 5) Please give this
UCSB - MUS - 17
UCSB Music 17Winter 2012UCSBMusic 17 Worlds of MusicFinal Exam: Study GuideProfessor Hellier-TinocoFrom the questions below, about 30 will be in the Final Exam(Final: Monday 19 March, 9 am 11am)This means that you can now study for the final and p
UCSB - MUS - 17
Music 17, Winter 2012, Professor Hellier-TinocoUniversity of California, Santa BarbaraMusic 17Worlds of MusicWinter 2012Instructor: Dr Ruth Hellier-TinocoOffice: 1109rhellier-tinoco@music.ucsb.eduOffice hours: Wednesday 11-12Lectures: M,W,F 10-10
UCSB - MUS - 17
UCSB Music 17Winter 2012UCSBMusic 17 Worlds of MusicMid-term Study GuideProfessor Hellier-Tinocorhellier-tinoco@music.ucsb.eduFrom the questions below, 15 will be in the mid-term exam.This means that you can now study for the mid-term and prepare
Michigan Flint - CS - 10
UCR CS010: Winter 2004Introduction to Computer Science IKris MillerQuiz 7: Lecture Sections 0031. What is the value of the following Boolean expression if limit = 10 and cnt = 0?(limit &lt; 20) | (limit / cnt) &gt; 10)a.b.c.d.truefalse0run-time err
Michigan Flint - CECS - 174
CECS 174FALL/05EXAMINATION #265 pointsNAME:Fill In the Blank 10 points1. Converting from one type to another is called _.ANSWER: casting2. In the following function declaration, the variable size is known as a_.int myFunction ( int size);ANSWER
Michigan Flint - CS - 10
UCR CS010Fall 2003Introduction to Computer Science IKris Miller, Dr. Brian LinardFinalTime: 170 minutes1. In C+ only one of the following is a valid indentifier (i.e. can be used as a name for a variableor function, etc.). Which is it?a.b.c.d.
Michigan Flint - CS - 12
Last name: _First name: _SID (last 4 digits): _login id: _CS 012 Intro to Computer Science IIMid-term exam Section 002 Friday 4/29 total 100 pointsSpring - 2005SOLUTIONTime: 50 mins.You may have on your desks ONLY this exam, your personalized mul
Michigan Flint - CS - 12
Last name: _First name: _SID (last 4 digits): _login id: _CS 012 Intro to Computer Science IIFinal exam Friday 3/18 total 100 pointsWinter - 2005Time: 3 hoursYou may have on your desks ONLY this exam, your personalized multiple choice answersheet
Michigan Flint - CS - 12
Last name: _First name: _SID (last 4 digits): _login id: _CS 012 Intro to Computer Science IIFinal exam Friday 3/18 total 100 pointsWinter - 2005SOLUTIONTime: 3 hoursYou may have on your desks ONLY this exam, your personalized multiple choice ans
Michigan Flint - CS - 220
CS220 Introduction to Computer ScienceSpring 2009, Dr. Sheldon LiangHomework &amp; Quizzes #03(20 points)Due Date: One Week Away from today(Look at schedule in the syllabus)Your Name: _Your Score: _Objectives: Data represents anything that is stored
Michigan Flint - CS - 220
CS220 Introduction to Computer ScienceSpring 2009, Dr. Sheldon LiangFinal(170 points)Your Name: _Your Score: _Objectives:Programs = Data structures + Algorithms involve two essentialaspects: data structures and functions that fulfill algorithms. A
Michigan Flint - CS - 12
CS 012 Intro to Computer Science IIQuiz 3 Section 001 Friday 4/15SOLUTIONSpring - 2005Each question is worth 1 point.1. Connecting the application and implementation files together to form an executable file iscalleda. compilingb. assemblingc. li
Michigan Flint - CS - 12
CS 012 Intro to Computer Science IIQuiz 3 Section 002 Friday 4/15Spring - 2005SOLUTIONEach question is worth 1 point.1. Connecting all object files together to form an executable file is calleda. assemblingb. linkingc. compilingd. debugging2. If
Michigan Flint - CS - 12
CS 012 Intro to Computer Science IIQuiz 4 Section 001 Friday 4/22Spring - 2005SOLUTIONEach question is worth 1 point.1.Which of the following statements regarding vectors and arrays is true?a.b.c.d.2.Functions in C+ can return neither arrays n
Michigan Flint - CS - 12
CS 012 Intro to Computer Science IIQuiz 4 Friday 1/28Winter - 2005Each question is worth 1 point.Which of the following function declarations is/are correct, given that we need topass an array of integers into the function:1.a.b.c.d.2.int do_s
Michigan Flint - CS - 10
UCR CS010: Winter 2004Introduction to Computer Science IKris MillerQuiz 2: Lecture Sections 0031. Which is the most probable output of the following code fragment?int first = 15, second = 20, third = 25;cout &lt; 1:\t &lt; first &lt; \n2:\t &lt; second &lt; \n3:\t
Michigan Flint - CS - 10
UCR CS010: Winter 2004Introduction to Computer Science IKris MillerQuiz 31. Which output statement uses a correct function CALL to the function declared below?int my_func(int my_int, double my_double); / function declarationa.b.c.d.e.cout &lt; int
Michigan Flint - CS - 10
UCR CS010: Winter 2004Introduction to Computer Science IKris MillerQuiz 4: Lecture Sections 001 &amp; 0021. Which of the following is a legal call to the convertToPounds function?void convertToPounds(double kilograms, double grams, double&amp; pounds, double
Michigan Flint - CS - 10
UCR CS010Fall 2003Introduction to Computer Science IKris Miller, Dr. Brian LinardQuiz 4 (003)1. Given the following function declaration and local variable declarations, which of the following isnot a correct function call?int myInt;float myFloat;
Michigan Flint - CS - 10
UCR CS010: Winter 2004Introduction to Computer Science IKris MillerQuiz 5: Lecture Sections 001 &amp; 0021. Which include directive is necessary for file IO?a.b.c.d.e.#include &lt;fstream&gt;#include &lt;cmath&gt;#include &lt;cstdlib&gt;#include &lt;fileIO&gt;An includ
Michigan Flint - CS - 10
UCR CS010: Winter 2004Introduction to Computer Science IKris MillerQuiz 5: Lecture Sections 0031. Which include directive is necessary if you want to use the function exit?a.b.c.d.e.#include &lt;fstream&gt;#include &lt;cmath&gt;#include &lt;cstdlib&gt;#include
University of Illinois, Urbana Champaign - BADM - 449
BADM 449Business Strategy / ManagementPolicyClass #1What is Strategy?Introduction to Strategy Strategy is about winning or at least doing well. Need for a plan, especially for decisions thatare: Important Require significant commitment of resour
University of Illinois, Urbana Champaign - BADM - 449
BADM 449Business Strategy / ManagementPolicyClass #2Purpose of Strategy Any viable business generates: Value Added = Sales revenue Cost of MaterialInputs VA distributed among employees, lenders,shareholders, government, etc. Based on what mechan
University of Illinois, Urbana Champaign - BADM - 449
BADM 449Business Strategy / ManagementPolicy Class #3: Industry AnalysisCompetitive Strategy: The CoreConceptsAim: establish a favorable and sustainableposition against the forces that determineprofitabilityTwo key (dynamically changing) factors:
University of Illinois, Urbana Champaign - BADM - 449
BADM 449 Class #6Internal Analysis:Resources and Capabilities Generic Business Level Strategies Positioning and Competitive DynamicsCompetitive Advantage What is it? Examples?Cost Leadership: Origins Experience curve: Doubling of cumulative produ
University of Illinois, Urbana Champaign - BADM - 449
BADM 449 Class #8Internal Analysis:Resources and Capabilities Resources and capabilities: Finding andmaintaining sources of competitive advantageSome attempts to jump into newindustries fail whereas others succeed Railroad companies that tried to g
University of Illinois, Urbana Champaign - BADM - 449
BADM 449 Class #10Business Policy and Strategy Industry Evolution and Technology-BasedCompetitionInvention Vs. Innovation Invention: Creation of a new product, production process,or other artifact, through creation of new or combination ofold knowl
University of Illinois, Urbana Champaign - BADM - 449
BADM 449 Class #15Business Policy and Strategy Structure and Governance (Chapters 7 &amp; 17)The Problem of Resource Allocation Resources and capabilities of Carts of Colorado (Whatare they?) can be used to produce mobile food stands forany number of re
SUNY Oswego - ECO - 101
Appendix: Making &amp; Using Graphs Why bother? Graphs &amp; Data Graphs &amp; Models SlopeWhy bother? visual relationship between to variables analyze &amp; understand - information - ideas &quot;A picture is worth a thousandwords&quot; corny, but true a graph conveys info
SUNY Oswego - ECO - 101
Chapter 3: Elasticity Price elasticity demand supply Cross elasticity Income elasticityBasic idea We know when PQd Qs holding other factors constantbut how much? if price doubleshow much does Qd fall? by 10% by 50% by 300%? price elasticity tells