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ACC 205 ASH COURSES TUTORIAL/UOPHELP

ACC 205 Week 1 Assignment P2-53B Correcting errors in a trial balance (Ash Course)<br>For more course tutorials visit<br>www.uophelp.com<br>P2-53B Correcting errors in a trial balance<br>The trial balance for Treasure Hunt Exploration Company does not balance. <br>Treasure Hunt Exploration Company <br>Trial Balance <br>July 31, 2012 <br>Cash 6,600<br>Accounts receivable 9,000<br>Supplies 200 <br>Exploration equipment 22,600 <br>Computers 46,000 <br>Accounts payable 2,900<br>Note payable 18,900<br>Common stock 50,100<br>Dividends 1,000<br>Service revenue 4,900<br>Salary expense 1,800<br>Rent expense 100 <br>Advertising expense 100 <br>

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ACC 205 ASH COURSES TUTORIAL/UOPHELP

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  1. ACC 205 ASH Course Tutorial For more course tutorials visit www.uophelp.com

  2. ACC 205 ASH Course Tutorial ACC 205 Week 1 ACC 205 Week 1 DQ 1 • P2-53B Correcting errors in a trial balance • The trial balance for Treasure Hunt Exploration Company does not balance.                       • Treasure Hunt Exploration Company                         • Trial Balance               • What is the fundamental ethical issue in this situation? How do the two suggestions of the company owner differ?

  3. ACC 205 ASH Course Tutorial ACC 205 Week 1 DQ 2 ACC 205 Week 2 • 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. • ACC 205 Week 2 Assignment P3-32A, P3-33A, E4-21, P4-25A

  4. ACC 205 ASH Course Tutorial ACC 205 Week 2 DQ 1 ACC 205 Week 2 DQ 2 • 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 harmed by Steinbach’s action • 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.

  5. ACC 205 ASH Course Tutorial ACC 205 Week 3 ACC 205 Week 3 DQ 2 • ACC 205 Week 3 Assignment E5-16 ,E6-23 ,E6-28, P5-29A • 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’ postings. 

  6. ACC 205 ASH Course Tutorial ACC 205 Week 4 ACC 205 Week 4 DQ 1 • 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.

  7. ACC 205 ASH Course Tutorial ACC 205 Week 4 DQ 2 ACC 205 Week 5 • 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. • ACC 205 Week 5 Assignment Final Paper • 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?

  8. ACC 205 ASH Course Tutorial ACC 205 Week 5 ACC 205 Week 5 DQ 1 • 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?

  9. ACC 205 ASH Course Tutorial ACC 205 Week 5 DQ 2 • Read ATC 8-4 in Chapter 8 and write a memo describiThere are two types of current liabilities that must be estimated.  Describe them and explain why they must be estimated. 

  10. ACC 205 ASH Course Tutorial For more course tutorials visit www.uophelp.com

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