ACC 205 Week 2 Complete Work

$22.00

SKU:05. Category: .

Product Description

ACC 205 Week 2 Complete Work

WEEK 2

ASSIGNMENT:

Acc 205_Week Two  Exercise Solution

1. Classification of items for Ron Carroll Company

A. pre­paid expense

B. accrued revenue

C. none of the foregoing

D. unearned revenue

E. pre­paid expense

F. accrued expense

G. none of the foregoing

H. none of the foregoing

2. Computing prepaid account balance of Action Sign Company:

3. Understanding the closing process:

A. Interest Payable, Accounts Receivable, Cash, Accounts Payable, Accumulated Depreciation: Equipment

B. Alex Kenzy, Drawing, Service Revenue, Supplies Expense, Interest Expense

C. Interest Expense, Supplies Expense

D. Alex Kenzy, Drawing

4. Adjusting entries and financial statements for Fixation Enterprises:

5. Adjusting entries preparation for Kathy’s Day Care Center:

6. Palmetto Company’s Bank reconciliation and adjustingentries:

a. Palmetto’s January bank reconciliation:

b. Necessary journal entries for Palmetto

7. Direct write-off method:

a. The journal entry needed to write off Mattingly’s account:

b. The ability of the direct write-off method to value receivables on the year-end balance sheet:

8. Allowance method:

9. Direct write-off and allowance methods:

10. Allowance method:

ACC 205_Week_Two_Exercise_Assignment

Revenue and Expenses

  1. Recognition of concepts.
  1. 2. Analysis of prepaid account balance.
  1. 3. Understanding the closing process.
  1. 4. Adjusting entries and financial statements.
  1. 5. Adjusting entries.
  1. 6. Bank reconciliation and entries.
  1. 7. Direct write-off method.
  1. 8. Allowance method: estimation and balance sheet disclosure.
  1. 9. Direct write-off and allowance methods: matching approach.
  1. 10. Allowance method: analysis of receivables.

 

Acc 205 Week 2_DQs and Journal

DQ 1 Accounting Cycle

Financial statements are a product of the accounting cycle. Think about two different companies: a manufacturing company, and a retail company. Why would different companies have different accounting cycles? Would you expect the steps of the accounting cycle to be the same for each company? Why or why not?

DQ 2 Bank Reconciliation

What is the purpose of bank reconciliation? What are the reasons for differences between the cash reported in the accounting records and the cash balance in the bank statements? Analyze several of your peers’ posts. Let at least two of your peers know what happens to the discrepancies between the book balance and the bank balance. Could these differences just be written off?

Week 2 Journal

Income Statement Journal 
The income statement measures the income and expenses of a company over a specific period of time.  Reflecting on your personal financial statement for the past month, can you apply the principles of the income statement?  What did you learn from this experience?

  • Click Here to Buy this;

    http://www.coursehomework.com/acc-205-week-2-complete-work/

    Course Home Work aims to provide quality study notes and tutorials to the students of ACC 205 Week 2 Complete Work in order to ace their studies.

    Course Home Work – Best Home Work Tutorials

    Home Work ACC 205 Week 2 Complete Work

    ACC 205 Week 2 Complete Work

    Course Home Work, ACC 205 Week 2 Complete Work, Home Work Tutorials, Home Work Solutions, Home Work Essay, Home Work Questions.ACC 565 Wk 7 Assignment 3, ACC403 week 2 assignment, ACC565 Week 10, ACCT 212 (Financial Accounting),  ACCT 344 (Entire Course) – Devry, ACCT 344 Final Exam Latest 2014 – Devry,  ACCT 346 (Managerial Accounting), ACCT 346 Midterm Exam Updated DeVry, ACCT 504, ACCT 504 Week 8, ACCT 553, ART 101 Week 8, Ashford BUS 401, ASHFORD BUS 640, Ashford HIS 204, ASHFORD MAT 222 Week 3, BA 215 (Business Statistics), BA 215 All Assignments Week 1 -8 – Grantham, BA 225, BA 260, BA 265 (Business Law II), BA 265 (Business Law II) FINAL EXAM, BA 340 All Course Assignments, BA 340 Human Resource, BA 370 (Employment Law), BA 405 Multinational Management, BA 470 Week 3 – 5 – 6 – 7, BA 470 Entrepreneurship, BA350 Principles Of Finance, BIS 155 Final Exam – DeVry, BIS 220 Final Exam, BSOP 429, BSOP 434 Entire Course – Devry, BUS 303 Week 2, BUS 303 Week 3, BUS 303 Week 5, BUS 311 Business Law, BUS 330 Week 1, BUS 330 Week 3, BUS 330 Week 5, BUS 401 Week 4 DQ 1, BUS 401 Week 4 DQ 2, BUS 402 WEEK 4, BUS 405 (Principles of Investment), BUS 475, BUS 475 Final Exam 100 MCQS, BUS 475 Final Exam 600 MCQS, BUS 599 (STRAYER), BUS 599 Assignment, BUS 620 Week 4, BUS 640 Week 1, BUS499 Asignment 4, BUS508 Asignment 1, BUS499 Assignment 3

    For more courses visit

    http://www.coursehomework.com