BUS-FP3061 Assessment 2, Part 2 Template
BUS-FP3061 Fundamentals of Accounting
Use the following account information to prepare the 2011 balance sheet for Blaze Industries.
Be sure to use the proper format. If you need to research the format for balance s
Jefferson County - Governmental Funds
Statement of Revenues, Expenditures and Changes in Fund Balance
For the year ended 12-31-2014
Jefferson County Governmental Funds Balance Sheet as of 12-31-2015
Taxes Reveivable (n
Jefferson County - journal entries and General ledger
Internal Service Fund
Internal Service Fund Journal Entries
December 31, 2015
Due from othe
1). Sammy Smith is the partner in charge of the audit of Blue Distributing Corporation, a
wholesaler that owns one warehouse containing 80 percent of its inventory. Smith is reviewing
the audit documentation that was prepared to support the firms opinion
Various Reporting Situations [CLOs: 1, 2, 5]
Assume that Stanford CPAs encountered the following issues during various audit engagements
Stanford conducted the audit of Luck, a new client this past year. Last year, Luck was
audited by another CPA
ACCT485 Case Study for Week 8
1. In the Auditors Report, who is responsible for preparing the financial statements?
Stacy Neal, CPA director is who is responsible for preparing the financial statements.
Stacy is part of the Office of Administration, Divis
Prepare entries in a job order cost system and job cost sheets.
(LO 1, 2, 3, 4, 5), AP
Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor
costs. On January 1, 2017, Job 50 was the only job in p
Brief Exercise 18-8
Rice Company has a unit selling price of $630, variable costs per unit of $410, and fixed costs of $200,000.
Compute the break-even point in units using (a) the mathematical equation and (b) unit contribution margin. (Round
Accounts receivable arising from sales to customers amounted to $120000 and $105000 at the
beginning and end of the year, respectively. Income reported on the income statement for the
year was $457000. Exclusive of the effect of other adjustments, the
The Weighted Average Cost of Capital (WACC) happens to be the calculation of a
companys cost of capital.
A company can best reduce its WACC by reducing the debt it has, along with its equity
financing and capital restructuring. When a company chooses to r
CAATs Application: Inventory with Boos & Becker Inc [CLOs: 1, 3, 4]
Read problem 9.53 CAATs Application: Inventory on pages 405 and 406 of the textbook and
complete the following:
In general and without regard to the preceding facts, discuss the nature of
ACCY 207 EXCEL SPREADSHEET REQUIREMENTS AND GRADING INFORMATION SHEET
The TA will fill out this form to determine student's grade. Enter all points in absolute value.
Late points and extra credit is added at end
Multi step income statement and adjusting entries - the Boston trading company, whose accounting
year ends on December 31, had the following normal balances in its general ledger at December 31:
The company that I have selected is Target Corporation
Projections. Based on what you know about the organizations financial health and
performance, forecast its future performance. In particular, you should:
A. Project the organizations likely consolidat
1. Draw a project network that includes all the activities.
2. Calculate the start and finish times for each activity and determine the minimum number of weeks for
Page 167completing the project. Find the activities that are on the critical path
FINANCIAL ANALYSIS GOOGLE AND COMPETITOR MICROSOFT
Financial Analysis of Google and competitor Microsoft
FINANCIAL ANALYSIS GOOGLE AND COMPETITOR MICROSOFT
This paper is to examine the future financial health of Google Inc. and its competitor Microsof
City of Erie 2015
1.How does the audit opinion given to this city by its independent auditors differ from the audit
opinion rendered on the financial statements for a for-profit business?
2. A reconciliation should be presented to explain the difference b
The rules and requirements for reporting and disclosing segments and noncontrolling interests within a 10-K report.
Executive Summary Projects
Descriptions, Instructions, and Grading Rubrics
ACCT 424 Advanced Accounting
Project 1: Analysis of a 10-K (10%)
Prepare your answers in an Excel workbook, using one worksheet per exercise or problem.
P21-2 (Lessee-Lessor Entries, Operating Lease) Cleveland Inc. leased a new crane to Abriendo
Construction under a 5-year noncancelable contract starting January 1, 201
There are two homework problems this week. The first is below and the second one is on the second tab at the bottom left of
Below you will see an unadjusted trial balance run at year end followed by information needed to make adjusting entries.
ACC 600: Accounting and Finance for Managers
Assignments: Week Six
Making special pricing decisions
Suppose the Baseball Hall of Fame in Cooperstown, New York, has approached Hungry-Cardz with a special order. The Hall of Fame wishes to
You are in charge of giving a trial final exam to classmates. Set up two problems from different
areas of financial reporting that you studied in this course. (Feel free to use problems from your
assigned textbook.) Submit them as your initial
Account Post Ref.
1 Bank Loan
2 ARC - Merc
11 ARC - Can
12 Sales Rev
15 ARC - Cent
19 Sales Rev
25 ARC - Swee
26 Sales Rev
29 Sales Rev
FOR YEAR 2016
Cash in hand
Prepaid Expenses (insurance)
Total Current Assets
Machinery & Equipment
Furniture & Fixtures
Real Estate / Buildings
HOMEWORK PART #1
Take a look at Example 8-2 and Figure 8-6 on page 139 in your text.
Discuss your answers to the questions on page 140:
1. What is the purpose of the cash budget?
2. Read #2 on page 140 in your text(see picture below). How did
Cosgrove Organic Farming Collective
1 Paulson Family
1 Red Earth
2 Paulson Family
2 Red Earth
3 Acherson Acres
3 Paulson Family
3 Red Earth
4 Acherson Acres
4 Hancock Creek Farm
4 Paulson Family
4 Red Earth
5 Acherson Ac
COMPREHENSIVE ACCOUNTING CYCLE PROBLEM
On December 1, 2015, John and Patty Driver formed a corporation called Susquehanna
Equipment Rentals. The new corporation was able to begin operations immediately by
purchasing the assets and ta