ACC 205 WEEK 1 COMPLETE

WWW.HWSOLOUTIONS.COM

www.hwsoloutions.com

 A++ GRADED WITH DESCRIPTION!

A++ graded Check Description Below!!

                                                          

ACC 205 WEEK 1 COMPLETE

A+ Graded Tutorial Available  At:

http://www.hwsoloutions.com/product/week-1-complete/

Homework Solution is helping students by providing them high quality study notes and tutorials of ACC 205 WEEK 1 COMPLETE order to ace their studies.

ACC 205, 2016

ACC 205 WEEK 1 COMPLETE

Visit Our website:  http://hwsoloutions.com/

 Description:

PRODUCT DESCRIPTION

ACC 205 WEEK 1 COMPLETE,
Basic Accounting Equations 1. Recognition of normal balances The following items appeared in the accounting records of Triguero’s, a retail music store that also sponsors concerts. Classify each of the items as an asset, liability, revenue, or expense from the company’s viewpoint. Also indicate the normal account balance of each item. a. The albums, tapes, and CDs held for sale to customers. b. A long-term loan owed to Citizens Bank. c. Promotional costs to publicize a concert. d. Daily sales of merchandise sold, e. Amounts due from customers, f. Land held as an investment, g. A new fax machine purchased for office use. h. Amounts to be paid in 10 days to suppliers, i. Amounts paid to a mall for rent.
2. Basic journal entries The following April transactions pertain to the Jennifer Royall Company: Apr. 1 Jenni¬fer Royall invested cash of $15,000 and land valued at $10,000 into the business. Apr. 5 provided $1,200 of services to Jason Ratchford, a client, on account. Apr. 9paid $250 of salaries to an employee. Apr. 14 acquired a new computer for $3,200, on account. Apr. 20 collected $800 from Jason Ratchford for services provided on April 5. Apr. 24 borrowed $7,500 from BestBanc by securing a six-month loan. Prepare journal entries (and explanations) to record the preceding transactions and events.
3. Balance sheet preparation. The following data relate to Preston Company as of December 31, 20XX: Building $44,000 Accounts receivable $24,000 Cash 17,000 Loan

ACC 205 WEEK 1 COMPLETE

Basic Accounting Equations 1. Recognition of normal balances The following items appeared in the accounting records of Triguero’s, a retail music store that also sponsors concerts. Classify each of the items as an asset, liability, revenue, or expense from the company’s viewpoint. Also indicate the normal account balance of each item. a. The albums, tapes, and CDs held for sale to customers. b. A long-term loan owed to Citizens Bank. c. Promotional costs to publicize a concert. d. Daily sales of merchandise sold, e. Amounts due from customers, f. Land held as an investment, g. A new fax machine purchased for office use. h. Amounts to be paid in 10 days to suppliers, i. Amounts paid to a mall for rent.

ACC 205 WEEK 1 COMPLETE

 

ART 101 , Test Banks , BUS 401 , ECE 313 , BUS 325, BUS 210 , BUS 250, BUS 303, BUS 402, BUS 201 , BA 215, BUS 230, BUS 211, BUS 307, BUS 235, BUS 308, BUS 475, BUS 415 

 , BUS 610, BUS 620, BUS 405, BUS 642, MATH 221, BUS 600, BSA 500, BUS 310 , BIO 101 , ECO 100, BUS 370, BIO 100, BUS 226, BUS 640, BUS 630, PSY 101, BUS 372, BUS 680, BUS 501, ECE 311, BUS 311,

ACC 205 WEEK 1 COMPLETE

 

 

,