NAME December 14‚ 2014 Week 6 Practice Problem 1 XACC/290 General Journal Date Account Titles Debit Credit July 01 Cash 12‚000 Common Stock 12‚000 1 Equipment 8‚000 Accounts Payable 6‚000 Cash 2‚000 3 Cleaning Supplies 900 Accounts Payable 900 5 Prepaid Insurance 1‚800 Cash 1‚800 12 Accounts Receivable 3‚700 Service Revenue 3‚700 18 Accounts Payable 1‚500 Cash 1‚500 20 Salaries Expense
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Internal Controls XACC/280 April 7‚2013 Axia Internal Controls Internal controls are put into place to safeguard a company’s assets and to promote the accuracy of their accounting records. There are two primary goals of internal controls. The first goal of internal controls is to safeguard it’s assets from employee theft‚ robbery‚ or unauthorized use. When there is a large some of money there is temptation from employee’s to take some of it. Many employees believe they are underpaid
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Exercises and Problems XACC/291 Principles of Accounting II Week 2 February 8‚ 2015 Exercise E9-1 The following expenditures relating to plant assets were made by Spaulding Company during the first 2 months of 2011 (determine cost of the plant acquisitions). 1. Paid $5‚000 of accrued taxes at time plant site was acquired. 2. Paid $200 insurance to cover possible accident loss on new factory machinery while the machinery was in transit. 3. Paid $850 sales taxes on new delivery
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FINAL PROJECT 1 Final Project Assignment Shawn Ovington XACC/280 Sheila Sullivan FINAL PROJECT 2 Keeping good records is a key in any good business and it helps companies find key areas where they feel they can improve. Coke and Pepsi are two large named soda distributers that have
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Financial Analysis of PepsiCo and Coca Cola XXX XACC 280 University of Phoenix Financial Analysis2 Financial Analysis of PepsiCo and Coca Cola PepsiCo and Coca Cola are two major companies that manufacture beverages. They compete to be the number on manufacturer and distributor of beverages in the world. These two companies are very identifiable in this market and you know them as PepsiCo and Coca Cola. These two companies have undoubtedly dominated the markets
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NAME Week 2‚ Exercise 1 November 16‚ 2014 XACC/290 Week 2‚ Exercise 1 (a) 1. Stockholders invested $20‚000 cash in the business. 2. Purchased equipment for $5‚000‚ paying $1‚000 in cash and the balance of $4‚000 on account. 3. Paid $750 in cash for supplies. 4. Earned $9‚500 in revenue‚ receiving $4‚100 in cash and $5‚400 on A/R. 5. Paid $1‚500 in cash on accounts Payable. 6. Paid $2‚000 in cash dividends to stockholders. 7. Paid $800 in cash as expenses (rent). 8. Earned $450 in cash from
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with its well-known competition‚ Coca-Cola. The examples provided in this paper will show that Coca-Cola as it turns out is better speculation option. All financial data is from Appendices A & B of McGraw Hill Financial Accounting textbook used in XACC 280. Liquidity‚ profitability‚ and solvency are the three man subjects used to determine a company’s success. These three subjects will tell how to financially stable business is. Simple financial statements will not show this information because
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Pepsi Co. and Coca-Cola’s Vertical‚ Horizontal‚ and Ratio Analysis XACC/280 Submitted by: Lataikeii Evans Date: April 8‚ 2011 Daneene Barton Arbitrating a company’s monetary physical stability inculpate their financial statements (income statements‚ balance sheets‚ and statement of cash flow). These statements must follow the GAAP standards. Sidewise from the statements that are involved in balancing a company or in my case comparing the financial stability of the two successful companies’
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Financial Analysis Coca-Cola verses PepsiCo. Inc. XACC/280 Financial Analysis Coca-Cola verses PepsiCo. Inc. There are many different types of soft drink manufactures in the United States and throughout the world. The two most popular manufactures are Coca-Cola and PepsiCo. They are the two companies that are well known all over the world. These two companies have cornered the soft drink market with their products for many years. Coca-Cola and PepsiCo have kept their prices quite
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References: Axia College. (2010). Week 9 Reading Material: Appendixes A and B. Retrieved July 10‚ 2010 from Axia College‚ XACC/280—Financial Accounting Concepts and Principles course website. Butler‚ A. (2006). The History of Pepsi-Cola. Associated Content‚ Inc. Retrieved July 10‚ 2010 from http://www.associatedcontent.com/article/44579/the_history_of_pepsicola.html?cat=3
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