Notes by Arthur Murph


There are 4 problems this week. Click on the tabs at the bottom of the spreadsheet to view each problem. by Arthur Murph

Question 1 (4 points) One advantage to using a perpetual inventory system is that the company never has to physically count the inventory. by Arthur Murph

Bob Company has the following balances on January 31, 2013. by Arthur Murph

Week 8 Discussion Payroll: What it Means to You by Arthur Murph

Abott Corporation encounters the following situations: Abott collects $1,750 from a customer in 2014 for services to be performed in 2015. by Arthur Murph

Question 1: 40% points: Floppy Company's December 31, 2014 trial balance is as follows: by Arthur Murph

1 .Internal control is defined, in part, as a plan that safeguards by Arthur Murph

1. Assume beginning inventory of $25,000 (250 units), a purchase on January 3 of $35,000 (300 units), by Arthur Murph

How do I solve this? Do I take into consideration how much they paid to buy it back? by Arthur Murph

Question 17: A cash dividend of $500 was declared and paid to stockholders. by Arthur Murph

A company has net income of $4,580,000. There are 200,000 shares of $50 par, by Arthur Murph

A company has 800,000 shares of common stock outstanding and no preferred stock. by Arthur Murph

In the following LIFO periodical method, how do i know how much they sold the units for? by Arthur Murph

1.Inventory items with a cost of $35,400 were received on the last day of the year but no invoice was received yet. by Arthur Murph

ACCT 220 7982 Principles of Accounting I (2168) by Arthur Murph

Version A Final Examination – Acct 221: Principles of Accounting II by Arthur Murph

There are two problems this week covering the equity sec±on of the balance sheet. by Arthur Murph

Listed below are nine fixed asset transactions. Record the journal entries. Dates and descriptions are not required. by Arthur Murph

1. The Frederick Company has 100,000 shares of $5 par common stock outstanding. by Arthur Murph

On January 1, 2016, ABC Company purchased 10,000 shares of the stock of Ronco, by Arthur Murph

Allocate income to partners. There are two problems on this page. Problem 1: by Arthur Murph

Flip Company purchased a refrigerated delivery truck for $65,000 on April 1, 2016. by Arthur Murph

Flip Company at the end of the fiscal 2014 year has the following information: Credit Sales, $2,500,000 Sales Returns & Allowances $25,000 Accounts Receivable $200,000 and Allowance for Doubtful Accounts with a credit of $1,500. by Arthur Murph

Flip Company at the end of the fiscal 2014 year has the following information: Credit Sales, $2,500,000 Sales Returns by Arthur Murph

Medina Company received its February bank statement on March 6. The statement showed a balance of $316,500. by Arthur Murph

Question 4 (8 points) Alpha Company prepares quarterly adjusting entries. by Arthur Murph

5. Alphas Company had the following banking information from its bank statement dated July 31, 2017: by Arthur Murph

QUESTION 7: Alpha Company uses aging of Accounts Receivable to estimate uncollectible. by Arthur Murph

QUESTION 9: Alpha Company has the following items in its equipment account: by Arthur Murph