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ACC 205 Academic professor/tutorialrank For more course Tutorials

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1 ACC 205 Academic professor/tutorialrank For more course Tutorials www.tutorialrank.com

2 ACC 205 Academic professor/tutorialrank ASHFORD ACC 205 Entire Course ASHFORD ACC 205 Week 1 Assignment P2 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 The trial balance for Treasure Hunt Exploration Company does not balance. Treasure Hunt Exploration Company Trial Balance July 31

3 ACC 205 Academic professor/tutorialrank ASHFORD ACC 205 Week 1 DQ 1 Ethical Issues ASHFORD ACC 205 Week 1 DQ 2 Debit and Credit What is the fundamental ethical issue in this situation?How do the two suggestions of the company owner differ? Define the terms “debit” and “credit”. Explain how debits and credits affect the following: assets, liabilities, owner’s capital account, revenues and expenses. Respond to at least two of your classmates’ postings

4 ACC 205 Academic professor/tutorialrank ASHFORD ACC 205 Week 2 Assignment P3 ASHFORD ACC 205 Week 2 DQ 1 Ethical Issue 3 ACC 205 Week 2 Assignment P3-32A, P3-33A, E4-21, P4-25A From Chapter 3, Ethical Issue 3-1 Compute the overall effects of these transaction o the store’s reported income 2014. Why is Steinbach taking this action? Is his action ethical? Give your reason, identifying the parties helped and the parties

5 ACC 205 Academic professor/tutorialrank ASHFORD ACC 205 Week 2 DQ 2 Adjusting Entries ASHFORD ACC 205 Week 3 Assignment E5 Explain the purpose of adjusting entries. How is net income affected if adjusting entries are not made? Describe the four closing entries and explain their purpose. Respond to at least two of your classmates’ postings. ACC 205 Week 3 Assignment E5-16,E6-23,E6-28, P5-29A

6 ACC 205 Academic professor/tutorialrank ASHFORD ACC 205 Week 3 DQ 1 Ethical Issue 5 ASHFORD ACC 205 Week 3 DQ 2 FIFO and LIFO From Chapter 5, Ethical Issue 5-1 Under Dobbs’ FOB policy, when should the company record a sale? Do you approve or disapprove of Dobbs’ manner of deciding when to ship goods to customers and record the sales revenue? If you approve, give your reason. If you disapprove, identify a better way to decide when to ship goods Describe the inventory valuation methods FIFO and LIFO. Which items are included in ending inventory under each method? Respond to at least two of your classmates’

7 ACC 205 Academic professor/tutorialrank ASHFORD ACC 205 Week 4 Assignment P7 ASHFORD ACC 205 Week 4 DQ 1 Fraud Case 7 ACC 205 Week 4 Assignment P7-31A, P8-32A, P8-26A, P8-27A, P7-27A Fraud Case 7-1. What was the key control weakness in this case? Many small businesses cannot afford to hire enough people for adequate separation of duties. What can they do to compensate for this?

8 ACC 205 Academic professor/tutorialrank ASHFORD ACC 205 Week 4 DQ 2 Bad Debts ASHFORD ACC 205 Week 5 Assignment Final Paper Discuss the allowance method and the direct write-off method of accounting for bad debts. When is the expense for uncollected accounts receivable recognized under each method? Respond to at least two of your classmates’ postings 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?

9 ACC 205 Academic professor/tutorialrank ASHFORD ACC 205 Week 5 Assignment P10 ASHFORD ACC 205 Week 5 DQ 1 Fraud Case 9 ACC 205 Week 5 Assignment P10-18A,E9-24, E9-21, P9-28A, P10-15A 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

10 ACC 205 Academic professor/tutorialrank ASHFORD ACC 205 Week 5 DQ 2 Current Liabilities 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

11 ACC 205 Academic professor/tutorialrank For more course Tutorials www.tutorialrank.com


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