...Exercises Week 2 Melissa Platts XACC/290 August 9, 2015 Professor Lisa Pendleton Exercises Week 2 E3-4 A. Income Statement Nigel Company Income Statement August, 2015 1 $20,000 cash balance ,Common Stock increases 20000.00 2 1000.00 debited in cash and increase 5000.00 in equipment and 4000.00 owed A/P 3 750.00 debited cash increase to supplies 4 4100.00 cash, 5400.00 AR, 9500.00 service revenue 5 1500.00 debited cash, AP debited 6 2000.00 debited cash, 2000.00 debited dividends 7 800.00 debited cash, 800.00 debated rent expense 8 450.00 increase in cash, debt 450.00 AR 9 3000.00 debated cash, 3000.00 salary expense 10 A/P credited 300.00, utility expenses debited 300.00 B. $23,400.00 is how much the stockholders equity increased this month. C. Net Income for the month $23,100.00 E3-9 StepAside Corporation May 2015 General Journal GENERAL JOURNAL Date Account Titles and Explanation Debit Credit 5/4/2015 Supplies $ 700.00 cash accounts payable $ 700.00 5/7/2015 Advisory Services $ 6,800.00 Cash Service Revenue $ 6,800.00 5/8/2015 Supplies $ 850.00 Accounts Payable $ 850.00 5/9/2015 Equipment $ 1,000.00 cash $ 1,000.00 5/17/2015...
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...Course Syllabus School of Business XACC/290 Version 1 Principles of Accounting I Copyright © 2013 by University of Phoenix. All rights reserved. Course Description This course covers the fundamentals of financial accounting as well as the identification, measurement, and reporting of the financial effects of economic events on an enterprise. Students will learn to examine financial information from the perspective of management. Other topics include decision-making, planning, and controlling from the perspective of a practicing manager. Policies Faculty and students will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. (2011). Financial accounting: Tools for business decision making (6th ed.). Hoboken, NJ: John Wiley & Sons. All electronic materials are available on the student website. Week One: Basic Accounting Principles and Concepts Details Due Points Objectives...
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