CHAPTER 9 SUGGESTED ANSWERS EXERCISES Exercise 9 - 1 Books of Branch R |Home Office |15‚000 | | | Cash | |15‚000 | Books of Branch S |Cash |15‚000
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Professor Moon Acct 201: Thurs 6:50pm Chapter 3 Chapter 3 Homework Discussion Questions: 3. State briefly the rules of debit and credit as applied to asset accounts and as applied to liability and owner’s equity accounts. a. Debit: all asset accounts normally have debit balances. The increase was greater than the decreases and the result was a debit balance in the account. The fact that assets are located on ht left side of the balance sheet is a convenient means of remembering the rule that
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Cr. (c) At the end of the first year‚ B pays total dividends of $8‚000 to its shareholders. Dr. Cr. (d) At the end of the first year‚ A sells 30% of its investment for $9000. (Make ‘T’ acct & take 30% of the total in the account at end of year… = $ Dr. Cr. Cr. (e) Instead of (d)‚ A decides to keep its investment. In year 2‚ B has a loss
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Comprehensive Problem 2 ACCT 2301‚ Fall 2011‚ Webb Due Date: Wed‚ Nov 2 @ 11:45 p.m. 1. You will be doing the accounting for a merchandising business‚ Ocean Atlantic Co. Ocean Atlantic is completing their first year of operations as a corporation. The business is located on the Atlantic Coast‚ selling diving equipment to small businesses that contract to take tourists on diving excursions. The fiscal year runs from Aug-Jul. The work for the final month of the fiscal year must be
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CAREER ACTION PLAN WORKSHEET Note any weaknesses‚ areas you enter NONE‚ and areas you need to improvement http://careerplanning.about.com/od/careeractionplan/a/actionplan_wksh.htm I. EMPLOYMENT HISTORY (list your jobs from most to least recent) If you have NO work experience simply enter NONE under Employer 1 and remove the others. Begin with your most recent experience and work backward (reverse chronological order). Name/Location of Employer 1: NONE II. EDUCATION / TRAINING Beginning
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Oct 20 2012 Oct 20 2012 ACCT 3121 Instructor: Ms. Julie Chenier ACCT 3121 Instructor: Ms. Julie Chenier | Written Assignment | | Student: Yichen Chen | | Written Assignment | | Student: Yichen Chen | To: Manufacturing Manager From: Becky Knauer Date: Oct 20 2012 Subject: Action of Ethnic Issue for Mueller Imports Dear Officer‚ My name is Becky Knauer‚ the new controller in Mueller Imports. Being selected as an experienced automotive professional to join such a
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MIS5370: Database Design and Management Home work Question 1. After completing a course in database management‚ you have been asked to develop a preliminary ERD for a symphony orchestra. You discover the following entity types that should be included. • CONCERT SEASON: The season during which a series of concerts will be performed. Identifier is Opening_Date which includes Month‚ Day‚ and Year. • CONCERT: A given performance of one or more compositions
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Goods Sold 690‚380 Salaries Expense 200‚000 Administration Expense 32‚000 Insurance Expense 9‚000 Rent Expense 20‚000 Office Supplies Expense 4‚800 Allowance for Doubtful Accounts 34‚600 Miscellaneous Expense 12‚000 Bank Charges 110 2‚436‚440 2‚436‚440 DECEMBER TRANSACTIONS The Company had the following transactions during the month of December 2013. 1. On December 1‚ Lerriuqs added $100‚000
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Remote Household Appliance Control System Using GSM R. Chutia‚ D. Sonowal and S. Sharma Department of Electronics and Communication Engineering Tezpur Central University Tezpur‚ Assam‚ India GSM handset with GSM Modem and a driver circuit. The GSM modem provides the communication media between the homeowner and the system by means of SMS messages. The SMS message consists of commands to be executed. The format of the message is predefined. The SMS message is sent to the GSM modem via the GSM public
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Chapter 10 Auditing the Revenue Process SEC SAB101: Revenue recognition 1. 有persuasive evidence 有证据 2. Delivery occurred‚ service rendered，东西给了服务于需求 3. Price is fixed/determinable 价格固定 4. 有collectability钱收的回来 Fraud Risk in Revenue cycle: 欺诈风险 1. Side agreement: off-book‚ adjust record to entice customer 2. Channel stuffing: 填塞分销渠道，造成销售假象 inflate sales by forcing product through a distribution channel 3. Related party transaction: 实质重于形式原则substance over form是指企业应当按照交易或事项的经济实质进行会计核算，而不应当仅仅按照它们的法律形式作为会计核算的依据
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