Chapter 7 version 2

Chapter 7 version 2 - Name Section Date Chapter 7 Brief...

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Unformatted text preview: Name Section Date Chapter 7 Brief Exercises #1 1 2 3 4 5 6 7 8 9 10 11 #2 12 (a) 13 (b) 14 (c ) 15 #3 16 (a) 17 (b) 18 (c ) 19 (d) 20 (e) 21 #4 22 (a) 23 (b) 24 (c ) 25 (d) 26 (e) 27 #5 28 (a) 29 30 31 (b) 32 33 34 35 #6 36 (a) 37 (b) 38 (c ) 39 (d) 40 Purpose of Internal Control Application Reconciling Item How Shown on Bank Reconciliation 427 427 pter 7 Brief Exercises 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 427 427 Name Section Date Chapter 7 Brief Exercises Continued #7 1 (a) 2 3 4 5 6 (b) 7 8 9 10 11 #8 12 13 14 15 16 17 18 19 20 #9 21 22 23 24 25 26 27 28 29 30 31 #10 32 33 34 35 36 37 38 39 40 428 428 s Continued 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 428 428 Name Section Date #11 GUREK COMPANY Cash Budget For January 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 #12 16 Date 17 Mar. 20 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Chapter 7 Brief Exercises Concluded Account Titles Debit Credit 429 429 Exercises Concluded 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 429 429 Name Section Date #1 Exercises 7-1 and 7-2 1 2 3 4 5 6 7 8 9 10 #2 Principle of Internal Control 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 430 Observed When Picking Up Pizza 430 7-1 and 7-2 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 430 430 Name Section Date Exercise 7-3 Elke Company (a) Weakness 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1. Principle Violated (b) Recommended Change 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 431 2. 3. 4. 5. 25 25 431 Name Section Date Exercise 7-4 Albina's Boutique Shoppe (a) Weakness 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1. Principle Violated (b) Recommended Change 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 2. 3. 4. 5. 432 25 25 432 Name Section Date (a) Exercise 7-5 Nystrom Company Weakness 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1. Recommended Change 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 433 2. 3. 4. 5. 6. 7. 8. 25 25 433 Name Section Date Exercise 7-5 Concluded Nystrom Company 1 (b) 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 434 434 5 Concluded m Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 434 434 Name Section Date #6 Exercises 7-6 and 7-7 (a) 1 2 3 4 5 6 7 (b) 8 9 10 11 12 13 (c ) 14 Date 15 Jan 31 16 17 18 19 20 #7 Account Titles Debit Credit Check Number 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 435 Amount 435 Exercises 7-6 and 7-7 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 435 435 Name Section Name (a) DEVRIES COMPANY Bank Reconciliation July 31, 2007 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 (b) Exercise 7-8 DeVries Company Date 1 July 31 2 3 4 5 6 31 7 8 9 10 Account Titles Debit Credit 436 436 Exercise 7-8 es Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 1 2 3 4 5 6 7 8 9 10 436 436 Name Section Date (a) ESPEJEL COMPANY Bank Reconciliation September 30, 2007 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 (b) Exercise 7-9 Espejel Company Date 1 Sept 30 2 3 4 5 30 6 7 8 30 9 10 11 30 12 13 14 15 Account Titles Debit Credit 437 437 Exercise 7-9 Espejel Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 437 437 Name Section Date Exercise 7-10 Dana Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 (a) Deposits in transit at July 31: (b) Outstanding checks at July 31: (c) Deposits in transit at August 31: (d) Outstanding checks at August 31: 438 438 xercise 7-10 na Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 438 438 Name Section Date (a) MAYO INC. Bank Reconciliation August 31, 2007 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 (b) Exercise 7-11 Mayo Inc. 1 2 3 4 5 Date Aug 31 Account Titles Debit Credit 439 439 Exercise 7-11 Mayo Inc. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 1 2 3 4 5 439 439 Name Section Date #12 Exercises 7-12 and 7-13 1 (a) 2 3 4 5 6 7 8 9 10 (b) 11 12 13 14 15 16 17 18 19 20 #13 Cash and Cash Equivalents: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 440 440 -12 and 7-13 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 440 440 Name Section Date #14 Exercises 7-14 and 7-15 1 2 Beginning cash balance 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 #15 SCHAEFER COMPANY Cash Budget For the Two Months Ending February 28, 2007 January $46,000 February 1 2 3 4 5 6 7 8 9 10 11 12 13 Date Oct. 1 Account Titles Debit Credit 31 441 441 ercises 7-14 and 7-15 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 1 2 3 4 5 6 7 8 9 10 11 12 13 441 441 Name Section Date (a) Exercise 7-16 Mora Company Date 1 Aug. 1 2 3 4 15 5 6 7 8 9 10 11 16 12 13 14 31 15 16 17 18 19 20 21 (b) 22 23 24 25 26 (c ) 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Debit Credit Petty Cash 442 442 xercise 7-16 ra Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 442 442 Name Section Date (a) Problem 7-1A Saratoga Theater Principles 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 (b) 32 33 34 35 36 37 38 39 40 443 Application to Cash Receipts 443 Problem 7-1A Saratoga Theater 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 443 443 Name Section Date Problem 7-2A Della Valle Middle School Internal Control Weakness 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 444 Recommended Change 444 roblem 7-2A iddle School 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 444 444 Name Section Date Problem 7-2A Concluded Della Valle Middle School Internal Control Weakness 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 445 Recommended Change 445 blem 7-2A Concluded a Valle Middle School 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 445 445 Name Section Date (a) HANLON COMPANY Bank Reconciliation July 31, 2007 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 (b) General Journal Problem 7-3A Hanlon Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Date July 31 Account Titles Debit Credit 31 31 31 446 19 446 roblem 7-3A on Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 446 19 446 Name Section Date (a) KINGSTON COMPANY Bank Reconciliation November 30, 2007 1 Balance Per Bank 2 Add: Deposit in Transit 3 4 Deduct Outstanding Checks 5 2451 6 2472 7 2478 8 2482 9 2484 10 2485 11 2486 12 2488 13 Total 14 Cash Balance 15 16 Balance Per Book 17 Add: Notes collected 18 Deduct: Service Charge 19 Printing of Checks 20 Deposit Error 21 Error in Check 2479 22 Cash Balance (b) General Journal Problem 7-4A Kingston Company $17,851.60 1,218 (1,260.4) (426.8) (538.2) (612) (829.5) (974.8) (900) (800) (6,342) 12,727.9 11,126.9 1,890 (15) (85) (9) (180) (289) 12,727.9 Date Account Titles 1 Nov. 30 Accounts Payable 2 Accounts Receivable 3 Cash 4 5 6 30 Printing of Checks Expense 7 Cash 8 9 30 Cash 10 Notes Payable 11 Interes Revenue 12 13 30 Bank Service Charge 447 Debit 180 9 Credit 189 85 85 1,890 1,800 90 15 14 Cash 15 447 Problem 7-4A Kingston Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 ### 22 1 2 3 4 5 6 7 8 9 10 11 12 13 447 14 447 Name Section Date (a) GREEN ACRES COMPANY Bank Reconciliation May 31, 2007 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 (b) General Journal Problem 7-5A Green Acres Company Date 1 May 31 2 3 4 5 6 31 7 8 9 31 10 11 12 31 13 14 15 31 16 17 Account Titles Debit Credit 448 448 roblem 7-5A es Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 448 448 Name Section Date (a) and (b) Problem 7-6A Burlington Inc. 1 (a) 2 3 4 5 6 7 (b) 8 9 10 11 12 (c ) Cash collections in April: Cash disbursements in April: BURLINGTON INC. Cash Budget For the Month Ending April 30, 2007 1 Beginning cash balance 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 449 $8,000 449 Problem 7-6A Burlington Inc. 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 449 449 Name Section Date (a) Problem 7-7A BossaNova Corporation (1) 1 2 3 4 5 6 7 (2) 8 9 10 11 12 (b) Expected Collections from Customers January February 1 2 3 4 5 6 7 8 9 10 11 12 Expected Payments for Purchases 1 2 Beginning cash balance 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 BOSSANOVA CORPORATION Cash Budget For the Two Months Ending February 28, 2007 January $52,000 February 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 450 450 Name Section Date (a) DUSK 'TIL DAWN COMPANY Bank Reconciliation October 31, 2007 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 (b) and (c ) Problem 7-8A Dusk 'Til Dawn Company No. Amount No. Amount (b) 1 2 3 4 5 6 7 8 9 10 (c ) 11 12 13 14 15 16 17 451 451 Problem 7-8A k 'Til Dawn Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 451 451 Name Section Date Problem 7-1B Marais Company Principles 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 452 Application to Cash Disbursements 452 roblem 7-1B is Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 452 452 Name Section Date Problem 7-2B Internal Control Weaknesses (a) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 (b) 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 (c ) 31 32 33 34 35 36 37 38 39 40 453 453 Problem 7-2B l Control Weaknesses 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 453 453 Name Section Date (a) GALENTI COMPANY Bank Reconciliation May 31, 2007 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 (b) General Journal Problem 7-3B Galenti Company Date 1 May 31 2 3 4 5 6 31 7 8 9 31 10 11 12 31 13 14 15 31 16 17 18 Account Titles Debit Credit 454 19 454 roblem 7-3B nti Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 454 19 454 Name Section Date (a) BLUE DIAMOND COMPANY Bank Reconciliation December 31, 2007 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 (b) General Journal Problem 7-4B Blue Diamond Company 1 2 3 4 5 6 7 8 9 10 11 12 13 Date Dec 31 Account Titles Debit Credit 31 31 31 455 14 455 Problem 7-4B e Diamond Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 1 2 3 4 5 6 7 8 9 10 11 12 13 455 14 455 Name Section Date (a) FERTILE CRESCENT COMPANY Bank Reconciliation July 31, 2007 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 (b) General Journal Problem 7-5B Fertile Crescent Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Date July 31 Account Titles Debit Credit 31 31 31 456 456 roblem 7-5B nt Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 456 456 Name Section Date (a) TRAN CO. Cash Budget For the Two Months Ending February 28, 2007 January $26,000 Problem 7-6B Tran Co. 1 2 Beginning cash balance 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 (b) February 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 457 457 Problem 7-6B Tran Co. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 457 457 Name Section Date (a) Problem 7-7B Zurich Inc. (1) 1 2 3 4 5 6 7 (2) 8 9 10 11 12 (b) Expected Collections from Customers January February Expected Payments for Purchases 1 2 Beginning cash balance 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 ZURICH INC. Cash Budget For the Two Months Ending February 28, 2007 January $60,000 February 458 458 roblem 7-7B Zurich Inc. 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 458 458 Name Section Date (a) EMPORIA COMPANY Bank Reconciliation October 31, 2007 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 (b) and (c ) Problem 7-8B Emporia Company No. Amount No. Amount (b) 1 2 3 4 5 6 7 8 9 10 (c ) 11 12 13 14 15 16 17 459 459 Problem 7-8B Emporia Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 459 459 Name Section Date (a) Chapter 7 Comprehensive Problem Stephens Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Date Dec. 7 Account Titles Debit Credit 12 17 19 22 26 460 460 sive Problem ns Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 460 460 Name Section Date (b) & (e) 1 CASH 2 Bal. 18,000 3 4 5 6 7 8 9 10 NOTES RECEIVABLE 11 Bal. 2,700 12 13 14 15 ACCOUNTS RECEIVABLE 16 Bal. 7,500 17 18 19 20 21 22 MERCHANDISE INVENTORY 23 Bal. 16,000 24 25 26 27 28 PREPAID INSURANCE 29 Bal. 1,600 30 31 32 33 EQUIPMENT 34 Bal. 28,000 35 36 37 ACCUMULATED DEPRECIATION 38 Bal. 3,000 39 40 Chapter 7 Comprehensive Problem Continued Stephens Company 1 6,100 2 3 4 5 6 7 COMMON STOCK 8 Bal. 20,000 9 10 11 RETAINED EARNINGS 12 Bal. 44,700 13 14 15 SALES 16 17 18 19 20 SALES DISCOUNTS 21 22 23 24 25 COST OF GOODS SOLD 26 27 28 29 30 DEPRECIATION EXPENSE 31 32 33 34 35 SALARIES EXPENSE 36 37 38 39 40 ACCOUNTS PAYABLE Bal. 461 461 Name Section Date (b) & (e) (Continued) 1 INSURANCE EXPENSE 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Chapter 7 Comprehensive Problem Continued Stephens Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 462 462 Name Section Date (c ) Chapter 7 Comprehensive Problem Continued Stephens Company STEPHENS COMPANY Bank Reconciliation December 31, 2007 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 (d) Date 1 Dec. 31 2 3 4 5 6 31 7 8 9 31 10 11 12 31 13 14 15 Account Titles Debit Credit 463 463 e Problem Continued Stephens Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 463 463 Name Section Date 22 (d) 23 24 25 Date 26 Dec. 31 27 28 29 31 30 31 32 33 34 35 (f) Chapter 7 Comprehensive Problem Continued Stephens Company Account Titles Debit Credit STEPHENS COMPANY Adjusted Trial Balance December 31, 2007 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 464 Debit Credit 464 m Continued ns Company 22 23 24 25 26 27 28 29 30 31 32 33 34 35 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 464 464 Name Section Date (g) Chapter 7 Comprehensive Problem Continued Stephens Company STEPHENS COMPANY Income Statement For the Month Ending December 31, 2007 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 465 465 e Problem Continued Stephens Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 465 465 Name Section Date (g) (Continued) Chapter 7 Comprehensive Problem Concluded Stephens Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 STEPHENS COMPANY Balance Sheet December 31, 2007 Assets Liabilities and Stockholders' Equity 466 466 Concluded ns Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 466 466 Name Section Date Part I Continuing Cookie Chronicle Cookie Creations Inc. 1 The weaknesses in internal accounting controls in the system recommended by John are: 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Improvements should include the following: 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 467 41 467 uing Cookie Chronicle Cookie Creations Inc. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 467 41 467 Name Section Date Part 2 (a) COOKIE CREATIONS INC. Bank Reconciliation June 30, 2007 1 2 3 4 5 6 7 8 9 10 11 12 13 14 (b) General Journal Continuing Cookie Chronicle Concluded Cookie Creations Inc. Date 1 June 30 2 3 4 30 5 6 7 30 8 9 10 30 11 12 (c ) Account Titles Debit Credit 1 2 3 4 468 468 e Concluded reations Inc. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 468 468 Name Section Date Chapter 7 Financial Reporting Problem Tootsie Roll Industries, Inc. 1 (a) 2 3 4 5 6 7 8 9 (b) 10 11 12 13 14 15 (c ) 16 17 18 19 20 (d) 21 22 23 24 25 (e) 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 469 469 ial Reporting Problem ie Roll Industries, Inc. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 469 469 Name Section Date Chapter 7 Comparative Analysis Problem Tootsie Roll versus Hershey Foods 1 (a) 2 3 4 5 (b) 6 7 8 9 10 11 (c ) 12 13 14 (d) 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 (in thousands) Cash/cash equivalents balance Tootsie Roll Hershey Foods Cash as a percentage of total assets 2004 2003 470 470 ysis Problem rshey Foods 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 470 470 Name Section Date Chapter 7 Research Case Wall Street Journal Article 1 (a) 2 3 4 5 6 7 8 9 10 11 (b) 12 13 14 15 16 17 18 19 20 21 (c ) 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 471 471 Name Section Date Chapter 7 Interpreting Financial Statements Fraud Survey 1 (a) 2 3 4 5 6 7 8 9 10 11 (b) 12 13 14 15 16 (c ) 17 18 19 20 21 22 23 24 25 26 27 28 29 30 (d) 31 32 33 34 35 36 37 38 39 40 472 472 l Statements raud Survey 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 472 472 Name Section Date Chapter 7 Financial Analysis on the Web 1 Financial Accounting Standards Board 1 (a) 2 3 4 5 6 7 8 9 10 (b) 11 12 13 14 15 16 17 18 19 20 (c ) 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 473 473 nalysis on the Web 1 ting Standards Board 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 473 473 Name Section Date Chapter 7 Financial Analysis on the Web 2 The Public Companies Accounting Oversight Board 1 (a) 2 3 4 5 6 7 8 9 10 (b) 11 12 13 14 15 16 17 18 19 20 (c ) 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 474 474 n the Web 2 rsight Board 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 474 474 Name Section Date (a) Chapter 7 Group Decision Case Alternative Distributor Corp. Weakness in Internal Control 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 475 Internal Control Principle Violated 475 Group Decision Case ative Distributor Corp. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 475 475 Name Section Date (b) Chapter 7 Group Decision Case Concluded Alternative Distributor Corp. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 476 476 e Concluded ributor Corp. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 476 476 Name Section Date Chapter 7 Communication Activity Rangel Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 477 477 ommunication Activity Rangel Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 477 477 Name Section Date Chapter 7 Communication Activity Concluded Rangel Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 478 478 y Concluded el Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 478 478 Name Section Date Chapter 7 Ethics Case 1 Check Processing Procedures 1 (a) 2 3 4 5 6 7 8 9 10 (b) 11 12 13 14 15 16 17 18 19 20 21 (c ) 22 23 24 25 26 27 28 29 30 31 (d) 32 33 34 35 36 37 38 39 40 479 479 apter 7 Ethics Case 1 rocessing Procedures 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 479 479 Name Section Date Chapter 7 Ethics Case 2 Fraud Bureau Article 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 480 480 thics Case 2 ureau Article 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 480 480 ...
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This note was uploaded on 10/20/2010 for the course ACCY 051 taught by Professor Irene during the Fall '09 term at GWU.

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