ACC 305 Week 3 P7-10, P7-14 Problem 7-10 p Evergreen Company Evergreen Company sells lawn and garden products to wholesalers. The company’s fiscal.

Slides:



Advertisements
Similar presentations
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 22-1 Preparing a Work Sheet for a Corporation.
Advertisements

Lesson 26-4 (GJ) ADJUSTING ENTRIES Lesson 26-4, page 677.
Manufacturing Accounting Chapter Preparing a cost of goods manufacturing schedule. Learning Objective 1.
Chapter 5 Merchandising Operations
Mrs Barry.  Review Course Outline  Organize Binders  Review Class Procedures & Rules  HOMEWORK: COVER BOOKS & GET SUPPLIES NEEDED.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-2 Bank Reconciliation  Bank statement  Bank statement reconciliation  Recording.
Chapter 8 Sample Problems
13- 1 Completion of the Accounting Cycle for a Merchandise Company Chapter 13.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 16-3 Preparing a Post-Closing Trial Balance.
Entrepreneurship Mr. Bernstein Preparing Financial Statements, pp December 2015.
DEVRY ACCT 216 W EEK 3 H OMEWORK Check this A+ tutorial guideline at For more classes.
ASH ACC 410 Week 2 DQ 2 Accounting Principles Check this A+ tutorial guideline at
ASH ACC 410 week 4 Critical Thinking Quiz Check this A+ tutorial guideline at thinking-quiz.
ASH ACC 306 Week 4 Assignment E 18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24, P 18-5 Check this A+ tutorial guideline at
DEVRY ACCT 505 W EEK 5 M EASURING P ERFORMANCE - C OURSE P ROJECT A Check this A+ tutorial guideline at
BUS 308 Week 2 Journal Check this A+ tutorial guideline at 308/BUS-308-Week-2-Journal For more classes visit
BSHS 345 Week 1 Journal Check this A+ tutorial guideline at 345/BSHS-345-Week-1-Journal For more classes visit
BSHS 345 Week 2 Journal Check this A+ tutorial guideline at 345/BSHS-345-Week-2-Journal For more classes visit
ACC 220 Survey of Accounting: The Maze of Numbers Check this A+ tutorial guideline at 220/ACC-220-Complete-Class For.
ACC 220 Week 4 Assignment Internal Cash Control Check this A+ tutorial guideline at 220/ACC-220-Week-4-Assignment-Internal-
ACC 220 Week 9 Final Project Business Plan Check this A+ tutorial guideline at 220/ACC-220-Week-9-Final-Project-Business-
ACC 225 Complete Class Financial Accounting Check this A+ tutorial guideline at 225/ACC-225-Complete-Class. For more.
ACC 225 Week 1 Exercise Accounting and Business Organizations · Resource: Fundamental Accounting Principles, p. 30 · Post your answers to Exercises 1-1.
ACC 225 Week 2 Assignment Preparing Journal Entries and Trial Balances · Resource: Fundamental Accounting Principles, pp. 76 and 80 · Complete Exercises.
ACC 225 Week 5 DQ 2 Find the financial statements of a service company and of a merchandising company. What items appear on the merchandising company statements.
ACC 225 Week 4 CheckPoint Preparing Balance Sheets and Statements · Resource: Fundamental Accounting Principles, pp. 156 and 159 · Complete Quick Study.
ACC 230 Check this A+ tutorial guideline at /ACC-230/ACC-230-Complete- Class. For more classes visit
ACC 230 Week 1 Checkpoint Financial Statements Check this A+ tutorial guideline at 230/ACC-230-Week-1-Checkpoint-Financial-
ACC 230 Week 3 CheckPoint Preparing an Income Statement CheckPoint: Preparing an Income Statement Resources:Ch. 3 of Understanding Financial Statements,
ACC 281 W EEK 1 DQ 2 W HY IS ACCOUNTING NEEDED Check this A+ tutorial guideline at
ACC 281 W EEK 4 F INAL P APER P REPARATION Check this A+ tutorial guideline at preparation.
ACC 290 Week 1 DQ 2 What are debits and credits? How are debits and credits used to record business transactions? Why do accountants debit asset accounts.
ACC 290 Week 2 DQ 1 What is the revenue recognition principle? What is the expense recognition principle? Why are they important to financial reporting?
ACC 290 Week 3 DQ 1 What are the steps in completing the accounting cycle? How do the different steps affect the financial statements? What is the effect.
ACC 290 Week 2 DQ 2 What accounts are subject to adjusting journal entries and why? How would you explain the purpose of the adjusted trial balance? Check.
ACC 290 Complete Class Check this A+ tutorial guideline at 290/ACC-290-Complete-Classhttp://
ACC 305 Week 1 Assignments E 3-18 E 3-20 Judgment Case 3-5 Check this A+ tutorial guideline at Week-1-Assignments-E-3-18-E-3-20-Judgment-Case-3-5.
ACC 305 Week 2 Problem E4-22 Tiger Enterprises Check this A+ tutorial guideline at Week-2-Problem-E4-22-Tiger-Enterprises.
ACC 305 Week 2 Problem E5-10 Project Contracts Check this A+ tutorial guideline at Week-2-Problem-E5-10-Project-Contracts.
ACC 305 Week 2 Problem E4-19 Wainwright Corporation Check this A+ tutorial guideline at Week-2-Problem-E4-19-Wainwright-Corporation.
ACC 305 Week 2 Problem. E4-16 Bluebonnet Bakers Check this A+ tutorial guideline at 305-Week-2-Problem-E4-16-Bluebonnet-Bakers.
ASH ACC 201 Week 2 Chapter 3 Problems Check this A+ tutorial guideline at 2-chapter-3-problems.
ASH ACC 201 Week 2 DQ 2 Debit Credit Check this A+ tutorial guideline at 2-dq-2-debit-credit Read.
ASH ACC 201 Week 3 Assignment GAAP & Ethics Check this A+ tutorial guideline at 3-assignment-gaap-and-ethics.
ASH ACC 201 Week 3 Chapter 5 Problems Check this A+ tutorial guideline at 3-chapter-5-problems.
ASH ACC 201 Week 4 Chapter 7 Problems Check this A+ tutorial guideline at 4-chapter-7-problems.
ASH ACC 201 Week 4 Chapters 8 Problems Check this A+ tutorial guideline at week-4-chapters-8-problems.
ASH ACC 201 Week 5 Chapter 9 Problem Check this A+ tutorial guideline at 201-week-5-chapter-9-problem Complete.
Check this A+ tutorial guideline at week-five-problems Week Five Problems. Complete.
Lab/Quiz Problems With Solutions
LESSON 5-2 Bank Reconciliation
Adjusting, Closing, and Reversing Entries for a Corporation
1. The Gardner Pharmacy uses the periodic inventory method
ACC 291 NEW Education Your Life--
ACC 291NEW Lessons in Excellence / acc291.com
ACC 305 TUTOR Education for Service-- acc305tutor.com.
ACC 291 GENIUS New Inspiring Minds/ acc291genius.com.
POST-CLOSING TRIAL BALANCE
The Accounting cycle Agenda for next Week.
Lesson 26-4 ADJUSTING ENTRIES Lesson 26-4, page 675.
LESSON 5-2 Bank Reconciliation
LESSON 5-2 Bank Reconciliation
LESSON 5-2 Bank Reconciliation
LESSON 5-2 Bank Reconciliation
ACC 291T Dreams Come True / acc291.com.
ACC 291T GENIUS Dreams Come True / acc291genius.com.
ACC 291T GUIDE Dreams Come True / acc291guide.com.
Percent Likely to Be Uncollectible
Lesson 6-2 (GJ) BANK STATEMENT Lesson 6-2, page 125.
a. Record the above transactions in general journal form.
Presentation transcript:

ACC 305 Week 3 P7-10, P7-14 Problem 7-10 p Evergreen Company Evergreen Company sells lawn and garden products to wholesalers. The company’s fiscal year-end is December 31. During 2011, the following transactions related to receivables occurred: Required: 1. Prepare the necessary journal entries for Evergreen for each of the above dates. For transactions involving the sale of merchandise, ignore the entry for the cost of goods sold (round all calculations to the nearest dollar). 2. Prepare any necessary adjusting entries at December 31, Adjusting entries are only recorded at year- end (round all calculations to the nearest dollar). 3. Prepare a schedule showing the effect of the journal entries in requirements 1 and 2 on 2011 income before taxes.

Problem 7-14 p El Gato Painting Company El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at the end of each month. The November 30, 2011, reconciliation of the bank balance is as follows: Required: 1. Prepare a bank reconciliation for the El Gato checking account at December 31, Prepare any necessary adjusting journal entries indicated. Check this A+ tutorial guideline at For more classes visit