Description
Resource: Ch. 4 of Financial Accounting
Complete Exercise BE4-1.
Complete Problems 4-2A & 4-3A.
Answer the following:
·Commercial accounting and generally accepted accounting principles, generally prescribe the accrual basis of accounting over the cash basis.
·Describe both bases of accounting and explain the differences.
Submit on Microsoft® Excel® template that will be provided.
WK4_Exercise_Template.xlsxFinancial_Accounting_6e_Ch04.pdf
'A' QUALITY ONLY
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Explanation & Answer
Review
Review
Anonymous
Really helped me to better understand my coursework. Super recommended.
Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Most Popular Content
Capella University Captain Crozie Ethicals Issues in Communications Discussion
OverviewCaptain Crozier, Commander of the USS Theodore Roosevelt, wrote and distributed a controversial letter that pleade ...
Capella University Captain Crozie Ethicals Issues in Communications Discussion
OverviewCaptain Crozier, Commander of the USS Theodore Roosevelt, wrote and distributed a controversial letter that pleaded for help for crew members stricken by the Covid-19 virus in March of 2020. The communication was sent to several recipients and eventually found its way to the news media. The situation became front-page news and was actively debated in the media. Senior leaders believed that Captain Crozier may have avoided his chain of command for fear that his immediate leader would suppress the issue and expose the sailors to unnecessary danger. His decisions and actions that lead up to his writing of the letter are fraught with ethical dilemmas.In this assessment you are asked to analyze ethical aspects surrounding Captain Crozier's decision to widely disseminate the letter.PreparationThoroughly research the issues using the Internet and the articles provided in Resources. You may need to conduct additional research to support your analysis. As you can see by your research, there is a lot going on behind the scenes in this scenario. However, it is clear that the Captain of the USS Theodore Roosevelt was facing a difficult ethical situation and tried to find the best way to communicate his concerns. There are many questions that likely come to mind, such as:What was the dilemma facing the Captain? How might he have weighed his decision?Should the Captain have sent the message? Why or why not?Was the content of the communication appropriate, taking into the consideration the recipient(s) of the letter? Did he distribute the letter for maximum effect?What should he have done differently?Did the Captain violate Navy ethical guidelines? Are his actions at odds with communication guidelines? Is that how he should be judged?Was his punishment justified?How do you think his crew felt? Is that relevant?InstructionsConsider the Captain's decision to send the letter, the manner in which the letter was sent, and the recipient(s) of the letter. Complete both parts of this assessment in a single Word document.PART 1: ANALYZE THE SCENARIOAnalyze the ethical decision that the Captain faced as it relates to how he communicated his plea and in the context of his position. Consider the sender, receiver, message, and channel.Analyze the primary failures and successes of the Captain's communication strategy. Make sure to consider how the letter was distributed, the Captain's possible intent, and the content of the letter. If this situation had occurred in the private sector and not the military, would the outcomes have been similar or different? Defend your reasoning. PART 2: WRITE A COMMUNICATIONImagine that you were the commanding officer of another naval ship who had followed this sequence of events closely. Your ship's Public Affairs Officer reports to you and is responsible for many of the ship's external communications, and you are anxious to share your lessons learned from the USS Theodore Roosevelt situation. Send a communication to your Public Affairs Officer that conveys and re-enforces the primary lesson(s) learned from the incident on the USS Theodore Roosevelt. Be sure you focus on the actions of the Captain. The medium is your choice, but it is also very important, so state the medium you have chosen within your message and the reason you feel it is the most appropriate medium to use. Address possible reasons such as confidentiality, tone, convention, et cetera. Additional RequirementsComplete both parts of this assessment in a single Word document.Written communication: Written communication is free of errors that detract from the overall message.APA style and formatting: Resources and citations are formatted according to current APA style and formatting standards.Font: Times New Roman, 12 point.Length: Part 1 should be 3–4 pages, double spaced, and Part 2 should be 1 page, double spaced. Page count does not include your cover page or reference page.Cited resources: Use a minimum of three scholarly sources. All literature cited should be current, with publication dates within the past five years.
6 pages
Digital Marketing Plan
Marketing is critical to any organization as this is the only way through various businesses get to reach their customers. ...
Digital Marketing Plan
Marketing is critical to any organization as this is the only way through various businesses get to reach their customers. Choosing a marketing tool ...
Identifying A Business Issue
HP.com is an American multinational information technology company. In this assignment, you are going to complete the enti ...
Identifying A Business Issue
HP.com is an American multinational information technology company. In this assignment, you are going to complete the entire accounting cycle for the last month of the physical year ending May 31, 2015:The company uses the following accounts:Cash Capital StockAccounts ReceivableInventory Retained EarningsPrepaid Rent DividendsUnexpired Insurance Income SummaryOffice Supplies SalesRental Equipment Salaries ExpenseAccumulated Depreciation: Computer Equipment Repair ExpenseCable ExpenseNotes Payable Utilities ExpenseAccounts Payable Rent ExpenseInterest Payable Office Supplies ExpenseSalaries Payable Depreciation ExpenseDividends Payable Interest ExpenseUnearned SalesThe company performs adjusting entries monthly. Closing entries are performed annually on May 31.During May, the corporation entered into the following transactions:May 1: Issued 40,000 shares of capital stock in exchange for a total of $400,000 cash.May 1: Purchased a piece of equipment to be used in the operations of the business for $300,000 that will assist with a more efficient production. Paid $100,000 cash and issued a two-year note payable for $200,000. The note plus all 24 months of accrued interest are due April 30, 2017. The interest rate on the note is 5%.May 1: Paid $15,000 to SSR as three months’ advance rent on the warehouse used in daily manufacturing.May 4: Paid salaries in May totaling $27,000. (Ignore payroll taxes.)May 8: Purchased office supplies (e.g., copy paper, ink toner, pens, etc.) on account from Office Depot, $4,200. Payment due in 30 days.May 15: Excluding the Wilmington General advance, fees earned during the first 15 days of May amounted to $95,100, of which $47,000 was received in cash. The remaining amount will be customer purchases on account.May 18: Purchased on account from Parts Plus, Inc., $1,700 in parts needed to repair a server for a local law firm. (Debit an expense account.) Payment is due in 10 days.May 23: Collected $22,000 of the accounts receivable recorded on May 15.May 26: Paid salaries in May totaling $27,000. (Ignore payroll taxes.)May 27: Paid the account payable to Parts Plus., $1,700.May 28: Declared a dividend of 10 cents per share, payable on June 15, 2015.May 29: Paid the May utilities in the amount of $985.May 31: Purchased a 24-month warranty insurance policy for $24,000. This policy protects the company against liability for defects and warranties for the computer equipment that is sold and leased. The policy goes into effect on June 1, 2015.May 31: Paid monthly cable bill of 684 to Suddenlink.May 31: Collected Sales earned during the second half of May, which amounted to $120,700 and of which $86,300 was received in cash. The remaining amount is customer purchases on account.Data for Adjusting EntriesThe advance payment of rent on May 1 covered a period of three months.The annual interest rate on the note payable is 5 percent.The machine purchased May 1, 2015 is being depreciated by the straight-line method over a period of five years.Office supplies on hand at May 31 are estimated at $440.Employee salaries earned by employees since the last payroll date (May 26) amounted to $9,642 at the month end.InstructionsComplete the following for this assignment:Journalize the May transactions.Prepare an unadjusted trial balance.Prepare the necessary adjusting entries for May.Prepare an adjusted trial balance.Prepare a balance sheet, an income statement, and a statement of retained earnings for the year ended May 31, 2015.Prepare closing entries.Prepare a post-closing trial balance. The post-closing trial balance should reveal only permanent accounts that remain open for the next accounting period.Prepare 3 profitability ratios, 3 liquidity ratios, and 2 solvency ratios (be sure to show your calculations).After completing the accounting cycle and financial analysis, summarize the results in a double-spaced paper of 1-2 pages. The paper should be properly developed and formatted according to APA formatting guidelines.Please submit your assignment. 1-2 pages; journal entries, trial balances, financial statements, and ratio calculations. NO plagiarism.
NSU Strategic Planning In Local and International Contexts Discussion
Define strategic planning? How does strategic planning for international marketing differ from that for domestic marketing ...
NSU Strategic Planning In Local and International Contexts Discussion
Define strategic planning? How does strategic planning for international marketing differ from that for domestic marketing?Submit a qualitative argument in 3 paragraphs about 6 lines (3 references) each with real world critical thinking, Back up your argument APA Format with peer reviewed journals. You must make a minimum of three substantive contributions on two separate days of the learning week to each discussion topic, with the first to the professor. Policy: Post your response to the first discussion question early in the learning week (no later than Wednesday), and then respond to a minimum of two other classmates' posts. No Wikipedia, BLOGS with ads from yahoo.com or google.com, as they present a biased opinion. Use peer-reviewed articles to support your thoughts!
Similar Content
Troy University Statistical Process Control Project of Frito Lay Excel Worksheet
https://sorrell.mediasite.com/mediasite/Play/c5997e854cc64919ab5011d42756a6721d?playFrom=3381&autoStart=truehttps://sorrel...
MIS 201 SEU Multinational Technology Company Discussion
Saudi Electronic University
College of Administrative and Financial Sciences
E-commerce Department
Student Name:
Student...
CapSim Simulation and Decision Making Process Analysis
To familiarize yourself with the CapSim simulation and decision-making process, individually complete the Rehearsal Tutori...
Definition of securities, law homework help
powerpoint maximum 10 slides presentations should be approximately 5 mins for ch 37 I'll upload the chapter. the powerpoin...
The Facebook Papers Discussion
Write 500-600 word paper that is written as a news story, and give an analysis of a recent (last three years) management s...
MGT 312 SEU Decision Making and Problem Solving Discussion
CASE STUDY
BAD BLOOD ON THE SENIOR TEAM
HOW SHOULD A CEO ADDRESS FRICTION
BETWEEN HIS CFO AND THE SALES CHIEF?
BY BORIS GR...
Strategic management class lectures_226513075-BM3399-Strategic-Management-Module-Outline
uploads/services/161584/Strategic management class lectures_226513075-BM3399-Strategic-Management-Module-Outline.pdf...
New York Times
Jennifer Steinheir’s article on the New York Times, Senate and House Leaders call for Inquiry of Russian Hacking in elec...
Dq On Case Study
The benefits are more acquaintance via increased acceptance, assurance, and pooling of group resources due to partaking in...
Related Tags
Book Guides
The Secret Life of Bees
by Sue Monk Kidd
Silas Marner
by George Eliot
Dracula
by Bram Stoker
Little Fires Everywhere
by Celeste Ng
The 48 Laws of Power
by Robert Greene
100 Side Hustles
by Chris Guillebeau
The President is Missing
by James Patterson, Bill Clinton
The Hunger Games
by Suzanne Collins
Robinson Crusoe
by Daniel Defoe
Get 24/7
Homework help
Our tutors provide high quality explanations & answers.
Post question
Most Popular Content
Capella University Captain Crozie Ethicals Issues in Communications Discussion
OverviewCaptain Crozier, Commander of the USS Theodore Roosevelt, wrote and distributed a controversial letter that pleade ...
Capella University Captain Crozie Ethicals Issues in Communications Discussion
OverviewCaptain Crozier, Commander of the USS Theodore Roosevelt, wrote and distributed a controversial letter that pleaded for help for crew members stricken by the Covid-19 virus in March of 2020. The communication was sent to several recipients and eventually found its way to the news media. The situation became front-page news and was actively debated in the media. Senior leaders believed that Captain Crozier may have avoided his chain of command for fear that his immediate leader would suppress the issue and expose the sailors to unnecessary danger. His decisions and actions that lead up to his writing of the letter are fraught with ethical dilemmas.In this assessment you are asked to analyze ethical aspects surrounding Captain Crozier's decision to widely disseminate the letter.PreparationThoroughly research the issues using the Internet and the articles provided in Resources. You may need to conduct additional research to support your analysis. As you can see by your research, there is a lot going on behind the scenes in this scenario. However, it is clear that the Captain of the USS Theodore Roosevelt was facing a difficult ethical situation and tried to find the best way to communicate his concerns. There are many questions that likely come to mind, such as:What was the dilemma facing the Captain? How might he have weighed his decision?Should the Captain have sent the message? Why or why not?Was the content of the communication appropriate, taking into the consideration the recipient(s) of the letter? Did he distribute the letter for maximum effect?What should he have done differently?Did the Captain violate Navy ethical guidelines? Are his actions at odds with communication guidelines? Is that how he should be judged?Was his punishment justified?How do you think his crew felt? Is that relevant?InstructionsConsider the Captain's decision to send the letter, the manner in which the letter was sent, and the recipient(s) of the letter. Complete both parts of this assessment in a single Word document.PART 1: ANALYZE THE SCENARIOAnalyze the ethical decision that the Captain faced as it relates to how he communicated his plea and in the context of his position. Consider the sender, receiver, message, and channel.Analyze the primary failures and successes of the Captain's communication strategy. Make sure to consider how the letter was distributed, the Captain's possible intent, and the content of the letter. If this situation had occurred in the private sector and not the military, would the outcomes have been similar or different? Defend your reasoning. PART 2: WRITE A COMMUNICATIONImagine that you were the commanding officer of another naval ship who had followed this sequence of events closely. Your ship's Public Affairs Officer reports to you and is responsible for many of the ship's external communications, and you are anxious to share your lessons learned from the USS Theodore Roosevelt situation. Send a communication to your Public Affairs Officer that conveys and re-enforces the primary lesson(s) learned from the incident on the USS Theodore Roosevelt. Be sure you focus on the actions of the Captain. The medium is your choice, but it is also very important, so state the medium you have chosen within your message and the reason you feel it is the most appropriate medium to use. Address possible reasons such as confidentiality, tone, convention, et cetera. Additional RequirementsComplete both parts of this assessment in a single Word document.Written communication: Written communication is free of errors that detract from the overall message.APA style and formatting: Resources and citations are formatted according to current APA style and formatting standards.Font: Times New Roman, 12 point.Length: Part 1 should be 3–4 pages, double spaced, and Part 2 should be 1 page, double spaced. Page count does not include your cover page or reference page.Cited resources: Use a minimum of three scholarly sources. All literature cited should be current, with publication dates within the past five years.
6 pages
Digital Marketing Plan
Marketing is critical to any organization as this is the only way through various businesses get to reach their customers. ...
Digital Marketing Plan
Marketing is critical to any organization as this is the only way through various businesses get to reach their customers. Choosing a marketing tool ...
Identifying A Business Issue
HP.com is an American multinational information technology company. In this assignment, you are going to complete the enti ...
Identifying A Business Issue
HP.com is an American multinational information technology company. In this assignment, you are going to complete the entire accounting cycle for the last month of the physical year ending May 31, 2015:The company uses the following accounts:Cash Capital StockAccounts ReceivableInventory Retained EarningsPrepaid Rent DividendsUnexpired Insurance Income SummaryOffice Supplies SalesRental Equipment Salaries ExpenseAccumulated Depreciation: Computer Equipment Repair ExpenseCable ExpenseNotes Payable Utilities ExpenseAccounts Payable Rent ExpenseInterest Payable Office Supplies ExpenseSalaries Payable Depreciation ExpenseDividends Payable Interest ExpenseUnearned SalesThe company performs adjusting entries monthly. Closing entries are performed annually on May 31.During May, the corporation entered into the following transactions:May 1: Issued 40,000 shares of capital stock in exchange for a total of $400,000 cash.May 1: Purchased a piece of equipment to be used in the operations of the business for $300,000 that will assist with a more efficient production. Paid $100,000 cash and issued a two-year note payable for $200,000. The note plus all 24 months of accrued interest are due April 30, 2017. The interest rate on the note is 5%.May 1: Paid $15,000 to SSR as three months’ advance rent on the warehouse used in daily manufacturing.May 4: Paid salaries in May totaling $27,000. (Ignore payroll taxes.)May 8: Purchased office supplies (e.g., copy paper, ink toner, pens, etc.) on account from Office Depot, $4,200. Payment due in 30 days.May 15: Excluding the Wilmington General advance, fees earned during the first 15 days of May amounted to $95,100, of which $47,000 was received in cash. The remaining amount will be customer purchases on account.May 18: Purchased on account from Parts Plus, Inc., $1,700 in parts needed to repair a server for a local law firm. (Debit an expense account.) Payment is due in 10 days.May 23: Collected $22,000 of the accounts receivable recorded on May 15.May 26: Paid salaries in May totaling $27,000. (Ignore payroll taxes.)May 27: Paid the account payable to Parts Plus., $1,700.May 28: Declared a dividend of 10 cents per share, payable on June 15, 2015.May 29: Paid the May utilities in the amount of $985.May 31: Purchased a 24-month warranty insurance policy for $24,000. This policy protects the company against liability for defects and warranties for the computer equipment that is sold and leased. The policy goes into effect on June 1, 2015.May 31: Paid monthly cable bill of 684 to Suddenlink.May 31: Collected Sales earned during the second half of May, which amounted to $120,700 and of which $86,300 was received in cash. The remaining amount is customer purchases on account.Data for Adjusting EntriesThe advance payment of rent on May 1 covered a period of three months.The annual interest rate on the note payable is 5 percent.The machine purchased May 1, 2015 is being depreciated by the straight-line method over a period of five years.Office supplies on hand at May 31 are estimated at $440.Employee salaries earned by employees since the last payroll date (May 26) amounted to $9,642 at the month end.InstructionsComplete the following for this assignment:Journalize the May transactions.Prepare an unadjusted trial balance.Prepare the necessary adjusting entries for May.Prepare an adjusted trial balance.Prepare a balance sheet, an income statement, and a statement of retained earnings for the year ended May 31, 2015.Prepare closing entries.Prepare a post-closing trial balance. The post-closing trial balance should reveal only permanent accounts that remain open for the next accounting period.Prepare 3 profitability ratios, 3 liquidity ratios, and 2 solvency ratios (be sure to show your calculations).After completing the accounting cycle and financial analysis, summarize the results in a double-spaced paper of 1-2 pages. The paper should be properly developed and formatted according to APA formatting guidelines.Please submit your assignment. 1-2 pages; journal entries, trial balances, financial statements, and ratio calculations. NO plagiarism.
NSU Strategic Planning In Local and International Contexts Discussion
Define strategic planning? How does strategic planning for international marketing differ from that for domestic marketing ...
NSU Strategic Planning In Local and International Contexts Discussion
Define strategic planning? How does strategic planning for international marketing differ from that for domestic marketing?Submit a qualitative argument in 3 paragraphs about 6 lines (3 references) each with real world critical thinking, Back up your argument APA Format with peer reviewed journals. You must make a minimum of three substantive contributions on two separate days of the learning week to each discussion topic, with the first to the professor. Policy: Post your response to the first discussion question early in the learning week (no later than Wednesday), and then respond to a minimum of two other classmates' posts. No Wikipedia, BLOGS with ads from yahoo.com or google.com, as they present a biased opinion. Use peer-reviewed articles to support your thoughts!
Earn money selling
your Study Documents