Accounting basics

ACCT- 1A Week 5 Assignment Help |Cabrillo CollegeM6-2Reporting Net Sales with Sales Discounts, Credit Card Discounts, and Sales ReturnsTotal gross sales for the period include the following:Credit card sales (discount 3%) $9,400Sales on account (2/15, n/60)  $12,000Sales returns related to sales on account were $650. All returns were made before payment. One-half of the remaining sales on account were paid within the discount period. The company

ACC 211 Week 7 Assignment Help |excelsior-collegeM7A1: Written Assignment PaperRoss’s Lipstick Company’s long-term debt agreements make certain demands on the business. For example, Ross may not purchase treasury stock in excess of the balance of retained earnings. Also, long-term debt may not exceed stockholders’ equity, and the current ratio may not fall below 1.50. If Ross fails to meet any of these requirements, the company’s lenders have the

ACC 211 Week 7 Discussion 1 | Assignment Help |excelsior-collegeM7D1: Let's Discuss: Ethical Issue (Source 12-1 Textbook)Raffie’s Kids, a nonprofit organization that provides aid to victims of domestic violence, low-income families, and special-needs children, has a 30-year, 5% mortgage on the existing building. The mortgage requires monthly payments of $3,000. Raffie’s bookkeeper is preparing financial statements for the board and, in doing so,

ACC 211 Week 6 Discussion 1 | Assignment Help |excelsior-collegeM6D1: Let’s Discuss: Methods of Accounting for InventoryIn Modules 5 and 6, we learned the differences between accounting for inventory under the FIFO, LIFO, and average costing methods. Additionally, we explored how the income statement impact may differ under each of the three methods.For this week’s discussion, you have the option to select one of the following topics as your init

ACC 211 Week 5 Discussion 1 | Assignment Help |excelsior-collegeM5D1: Let's Discuss: Impact to Cost of Goods Sold (Source Case 6-1 Textbook)Ever since he was a kid, Carl Montague wanted to be a pro football player. When thatdidn’twork out, he found another way to channel his natural competitive spirit: He bought a small auto parts store in Kentucky that was deep in red ink (negative earnings). At the end of the year, he created “ghost” inventory

ACCT-1A Week 4 Assignment Help | Cabrillo College

ACCT-1A Week 4 Assignment Help | Cabrillo College

ACCT-1A Week 3 Assignment Help | Cabrillo CollegeRecording Four Adjusting Entries and Completing the Trial Balance WorksheetGreen Valley Company prepared the following trial balance at the end of its first year of operations ending December 31. To simplify the case, the amounts given are in thousands of dollars. UNADJUSTED ADJUSTMENTS ADJUSTED Account Titles Debit Credit

ACCT-1A Week 3 Assignment Help | Cabrillo CollegeE3–9.Recording Journal EntriesBlaine Air Transport Service, Inc., has been in operation for three years. The following transactions occurred in February: February 1 Paid $275 for rent of hangar space in February. February 2 Purchased fuel costing $490 on account for the next flight to Dallas. February 4 Received customer payment

ACCT-1A Week 2 Assignment Help | Cabrillo College