Bus 591 week 4 assignment


  

Week 4 - Assignment 

Week Four Homeoperation Problems

Complete the aftercited Workbook Temptardy Week FourPcritique the document. Problems P8-2B and P8-6B from Chapter 8 and problems P9-2B and P9-7B from Chapter 9 are located on the Textbook Student Companion Site. Submit all your operation to your educator by the columned due bound. Show all your operation in arrange to merit bountiful security.

Carefully critique the Grading Rubric (Links to an outer position.)Links to an outer position. for the criteria that conquer be used to evaluate your assignment.

BUS591 – Financial Statement and Analysis

Week 4 Homeoperation Assignment Templates

Instructions: Only penetrate basis in the yellow boxes. The cherishing areas are already completed for you. 

Save the finish as follows:  lastnamewk4.docx

Submit to the assignment box antecedently the due bound.(Late assignments conquer assent-to a tardy retribution).

Problem 8-2B

(a) Journalize the transactions, including explanations. (Note, penetrate all representations in one box. The bounds feel been comprised to aid after a while formatting). 

  

Date

Account Titles and Explanation

Debit

Credit

 

1

 

 

2

 

 

3

 

 

4

 

 

5

 

  

(b) Penetrate the January 1, 2014 balances in Accounts Receivable and Allowance for Doubtful Accounts. Column the transactions to the ledger T Accounts

Be strong to column the amounts to the improve party of the T-Account!

  

Accounts   Receivable

 

Bal.  

(2)

 

(1)

(3)

 

(5)

(4)

 

(5)

 

Bal.

  

Allowance for Doubtful Accounts

 

(4)

Bal.

 

(5)

 

Bal.

(c)Prepare the register memorandum to archives bad something-due payment for 2014, assuming that aging the representations receivable indicates that expected bad something-dues are $140,000.

Balance wanted...............................................................................  $

Balance antecedently settlement [see (b)]...............................................  

Adjustment required.......................................................................  

The register memorandum would hence be as follows:

(d) Accounts Receivable Turnover Ratios:

Enter your reply here

Average Collection Period: 

Enter your reply here

Problem 8-6B (proximate page)

  

(a) Journalize the transactions, including explanations. (Note, penetrate all representations in one box. The bounds feel been comprised to aid after a while formatting). 

  

Date

Account Titles and Explanation

Debit

Credit

 

5

 

 

20

 

 

Feb 18

 

 

Apr 20

 

 

30

 

 

May  25

 

 

Aug 18

 

 

Sept. 1

 

 

  

Problem 9-2B

(a) Journalize the transactions, including explanations. (Note, penetrate all representations in one box. The bounds feel been comprised to aid after a while formatting). 

If there are two entries for the similar day, then you do not want to penetrate the bound anew.

  

Date

Account Titles and Explanation

Debit

Credit

 

April 1

 

 

May 1

 

 

May 1

 

 

 

 

June 1

 

 

Sept 1

 

PART   B

 

Dec 31

 

 

31

 

 

 

  

(c) Partial Balance Sheet

  

TONG   CORPORATION

 

Partial   Balance Sheet

 

December   31, 2014

 

 

Assets

 

Plant assets

 

Account   title

Amount

 

Account   title

Amount

 

Account   title

Amount

 

Account   title (or contra representation)

Amount

 

Total stock assets

Amount

Problem 9-7B

(a)

  

BUS   1

 

Year

Computation

Accumulated Depreciation

 

Amount

 

Amount

 

Amount

  

BUS   2

 

Year

Computation

Accumulated Depreciation

 

Amount

 

Amount

 

Amount

  

BUS   3

 

Year

Computation

Accumulated Depreciation

 

Amount

 

Amount

 

Amount

(b) 

  

BUS   2

 

Year

Depreciation   Expense

 

Amount

 

Amount