ACC 205 ASH Course Tutorial (Tutorialoutlet)
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ACC 205 Week 5 DQ 2 Current Liabilities (Ash)

ACC 205 Week 5 DQ 2 Current Liabilities (Ash) | ACC 205 ASH Course Tutorial (Tutorialoutlet) | Scoop.it

There are two types of current liabilities that must be estimated.  Describe them and explain why they must be estimated.  How are the financial statements affected if they are not estimated?  Respond to at least two of your classmates’ postings. 

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ACC 205 Week 5 Assignment Final Paper (Ash Course)

ACC 205 Week 5 Assignment Final Paper (Ash Course) | ACC 205 ASH Course Tutorial (Tutorialoutlet) | Scoop.it

Submit a paper on one of the major topics listed below using course topics previously referenced as the basis for the paper and incorporating at least two other related articles of the student’s choice:

How have modern accounting systems made a difference in modern organizations?

 

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ACC 205 Entire Course (Ash)

ACC 205 Entire Course (Ash) | ACC 205 ASH Course Tutorial (Tutorialoutlet) | Scoop.it

ASHFORD ACC 205 Week 1 Assignment P2-53B Correcting errors in a trial balance

ASHFORD ACC 205 Week 1 DQ 1 Ethical Issues

ASHFORD ACC 205 Week 1 DQ 2 Debit and Credit

ASHFORD ACC 205 Week 2 Assignment P3-32A, P3-33A, E4-21, P4-25A

ASHFORD ACC 205 Week 2 DQ 1 Ethical Issue 3-1

ASHFORD ACC 205 Week 2 DQ 2 Adjusting Entries

ASHFORD ACC 205 Week 3 Assignment E5-16 ,E6-23 ,E6-28, P5-29A

ASHFORD ACC 205 Week 3 DQ 1 Ethical Issue 5-1

ASHFORD ACC 205 Week 3 DQ 2 FIFO and LIFO

ASHFORD ACC 205 Week 4 Assignment P7-31A, P8-32A, P8-26A, P8-27A, P7-27A

ASHFORD ACC 205 Week 4 DQ 1 Fraud Case 7-1

ASHFORD ACC 205 Week 4 DQ 2 Bad Debts

ASHFORD ACC 205 Week 5 Assignment P10-18A ,E9-24, E9-21, P9-28A, P10-15A

ASHFORD ACC 205 Week 5 DQ 1 Fraud Case 9-1

ASHFORD ACC 205 Week 5 DQ 2 Current Liabilities

ASHFORD ACC 205 Week 5 Final Paper

 

 

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ACC 205 Week 5 DQ 1 Fraud Case 9-1 (Ash)

ACC 205 Week 5 DQ 1 Fraud Case 9-1 (Ash) | ACC 205 ASH Course Tutorial (Tutorialoutlet) | Scoop.it

From Chapter 9, Fraud Case 9-1

When a business sells a fully depreciated asset for its salvage value, is a gain or loss recognized?

How do businesses determine what salvage values to use for their various assets? Are there “hard and fast” rules for salvage values?

 How would an organization prevent the kind of fraud depicted here?
 

 

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ACC 205 Week 1 Assignment P2-53B Correcting errors in a trial balance (Ash)

ACC 205 Week 1 Assignment P2-53B Correcting errors in a trial balance (Ash) | ACC 205 ASH Course Tutorial (Tutorialoutlet) | Scoop.it

 

The trial balance for Treasure Hunt Exploration Company does not balance.                      

Treasure Hunt Exploration Company                        

Trial Balance              

July 31, 2012              

Cash    6,600

Accounts receivable     9,000

Supplies            200    

Exploration equipment             22,600           

Computers        46,000           

Accounts payable                     2,900

Note payable                18,900

Common stock                         50,100

Dividends        1,000

Service revenue                        4,900

Salary expense             1,800

Rent expense    100    

Advertising expense    100    

Utilities expense           700    

Total     $88,100           $76,800

                       

The following errors were detected:              

a.  The cash balance is overstated by $1,000.            

b.  Rent expense of $300 was erroneously posted as a credit rather than a debit.                

c.  A $6,000 credit to Service revenue was not posted.                    

d.  A $500 debit to Accounts receivable was posted as $50.            

e.  The balance of Utilities expense is understated by $90.               

f.  A $600 purchase of supplies on account was neither journalized nor posted.                  

g.  Exploration equipment should be $17,160.           

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