3100 | 2/16/2007 | | | 8800 | 800 | 37400 | 3900 | 3/26/2007 | | | 7200 | 600 | 44600 | 4500 | sales | | | | | -26600 | -2900 | 3/26/2007 | | | | | 18000 | 1600 | | | | | | | | Cost of Goods Sold (FIFO) = 26600.00 (2900 units) Ending inventory (FIFO) = 18000.00 (1600 units) Journal entries 1/5/2007 purchases 10800.00 A/P 10800.00 1/25/2007 purchases 13000.00
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1300 | 28600 | 3100 | 2/16/2007 | | | 8800 | 800 | 37400 | 3900 | 3/26/2007 | | | 7200 | 600 | 44600 | 4500 | sales | | | | | -26600 | -2900 | 3/26/2007 | | | | | 18000 | 1600 | | | | | | | | Cost of Goods Sold (FIFO) = 26600.00 (2900 units) Ending inventory (FIFO) = 18000.00 (1600 units) Journal entries 1/5/2007 purchases 10800.00 A/P 10800.00 1/25/2007 purchases 13000.00 A/P 13000.00 2/16/2007 purchases 8800.00 A/P 8800.00 3/26/2007 purchases 7200.00 A/P 7200.00
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OM – II Assignment LITTLEFIELD TECHNOLOGIES A report submitted to Prof. Subhamoy Ganguly On 23/01/2014 By Group 7B Aparna Sagar/ Mayank Sengar/ Preeti Kumari/ Rajeev Ranjan/ Vaibhav Arora Indian Institute of Management Udaipur Littlefield Technologies – Our Gameplay Initial Game Strategy: The team met, the day before the game was about to start, to prepare a strategy based on the learning that we had while playing the demo version of the game. We had realized that the machines
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ACCT FINANCIAL ACCOUNTING Time Allowed: 2 Hours Question 1 Recording Transactions (20 marks) For each of the following ten independent events (parts a to j) involving Partnare Limited in the month of June, prepare the journal entry (if necessary) to record the event. Financial statements are being prepared as at 30 June. If you believe that no entry is necessary, clearly write ‘No Entry’. A blank response will be marked as incorrect. Narrations are not necessary. Partnare Limited
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[pic] |59% (17 out of 29 correct) |Responses to questions are indicated by the [pic]symbol. | | | | |[pic] |1. |The stockholders of a corporation have unlimited liability. | | | |
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See answers below the final exam. 1) Which financial statement is used to determine cash generated from operations? A. Income statement B. Statement of operations C. Statement of cash flows D. Retained earnings statement 2) In terms of sequence, in what order must the four basic financial statements be prepared? A. Balance sheet, income statement, statement of cash flows, and capital statement B. Income statement, capital statement, statement of cash flows
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What we’ll cover: 1. Income Statement 2. Format of the Income Statement 3. Reporting Irregular Items 4. Special Reporting Issues 1. Income Statement a. Usefulness • Evaluate past performance • Predicting future performance • Help assess the risk or uncertainty of achieving future cash flows b. Limitations • Companies omit items that cannot be measured reliably • Income is affected by the accounting methods employed
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DeVry ACCT 504 Week 8 Final Exam-2015 Latest (Graded Solution) IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.hwspeed.com/DeVry-ACCT-504-Week-8-Final-Exam-2015-Latest-533344120330.htm?categoryId=-1 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM Question Week 8 : Final Exam - Final Exam Page 1 Question 1. 1. (TCO A) Which one of the following is an advantage of corporations relative to partnerships and sole proprietorships
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Jamona Corporation Scenario Amy McIntosh ACC545 May 7, 2012 Hung Tran Jamona Corporation Scenario The following paper details the journal entries relating to the investments, inventory, fixed assets, and capital leases noted within the Jamona Corporation document. The attached excel document shows applicable schedules, financial statement handling, and any necessary note disclosures. Investments Purchase 1/1/06 Available-for-sale Securities $322,744.44 Cash $322,744.44
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Chapter 5- Regulators Securities and Exchange Commission- protects investors and maintains integrity of the securities market- Oversees FASB and PCAOB FASB- Financial Accounting Standards Board- sets GAAP PCAOB- (public company oversight board) - sets auditing standards for CPA's Management of a company has responsibility for financial statements and related disclosures Board of Directors (audit committee) is responsible for ensuring that processes are in place for maintaining the integrity
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