Ashford U ACC 205 / ACC205 Class Answers
ACC205 / ACC 205 - ENTIRE CLASS/COURSE TUTORIAL INCLUDES EVERYTHING LISTED
ACC205 / ACC 205 / ENTIRE CLASS/COURSE TUTORIAL INCLUDES EVERYTHING LISTED
ACC205 / ACC 205 - Week 1 Assignment Treasure Hunt Exploration Company
Chapter 1, E1-21 (Using the accounting equation to analyze transactions) Caren Smith opened a medical practice. During July, the first month of operation, the business, titled Caren Smith, M.D., P.C. (Professional Corporation), experienced the following events: Chapter 1, P1-48 (Analyzing transactions and preparing financial statements) Draper Consulting, Inc., began operations and completed the following transactions during the first half of December: Chapter 2, P2-30A (Journalizing transactions, posting to T-accounts, and preparing a trial balance) Doris Stewart started her practice as a design consultant on September 1, 2012. During the first month of operations, the business completed the following transactions: Chapter 2, P2-53B (Correcting errors in a trial balance) The trial balance for Treasure Hunt Exploration Company does not balance.
ACC205 / ACC 205 - Week 1 DQ 1 Accounting and the Business Environment
Accounting and the Business Environment Accounting and the Business Environment. From Chapter 1, Ethical Issue 1-1, page 59. Complete all parts of the case and respond to at least two of your classmates’ postings.
ACC205 / ACC 205 - Week 1 DQ 2 Recording Business Transactions
Recording Business Transactions Recording Business Transactions. 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.
ACC205 / ACC 205 - Week 2 Assignment
Week Two Problems Chapter 3, P3-32A Chapter 3, P3-33A Chapter 4, E4-21 Chapter 4, P4-25A
ACC205 / ACC 205 - Week 2 DQ 1 The Adjusting Process
The Adjusting Process From Chapter 3, Ethical Issue 3-1.Complete all parts of the case and respond to at least two of your classmates’ postings.
ACC205 / ACC 205 - Week 2 DQ 2 Completing the Accounting Cycle
Completing the Accounting Cycle 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.
ACC205 / ACC 205 - Week 3 Assignment
Week Three Problems Chapter 5, P5-29A Chapter 5, E5-16 Chapter 6, E 6-23 Chapter 6, E 6-28
ACC205 / ACC 205 - Week 3 DQ 1 Merchandising Operations
Merchandising Operations From Chapter 5, Ethical Issue 5-1. Complete all parts of the case and respond to at least two of your classmates’ postings.
ACC205 / ACC 205 - Week 3 DQ 2 Merchandise Inventory
Merchandise Inventory Merchandise Inventory. 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
ACC205 / ACC 205 - Week 4 Assignment
Week Four Problems Chapter 7, P 7-27A Chapter 7, P 7-31A Chapter 8, P8-26A Chapter 8, P8-27A Chapter 8, P8-32A
ACC205 / ACC 205 - Week 4 DQ 1 Internal Control and Cash
Internal Control and Cash From Chapter 7, Fraud Case 7-1. Complete all parts of the case and respond to at least two of your classmates’ postings
ACC205 / ACC 205 / Week 4 DQ 2 Receivables
Receivables 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
ACC205 / ACC 205 - Week 5 Assignment
Week Five Problems Chapter 9, P 9-28A Chapter 9, E 9-21 Chapter 9, E 9-24 Chapter 10, P10-15A Chapter 10, P10-18A
ACC205 / ACC 205 - Week 5 DQ 1 Plant Assets and Intangibles
Plant Assets and Intangibles From Chapter 9, Fraud Case 9-1. Complete all parts of the case
ACC205 / ACC 205 - Week 5 DQ 2 Current Liabilities and Payroll
Current Liabilities and Payroll There are two types of current liabilities that must be estimated. Describe them and explain why they must be estimated. How are the financial statements affected if they are not estimated? Respond to at least two of your classmates’ postings.
ACC205 / ACC 205 - Final Paper
Final Paper To complete the following assignment, go to this week’s Final Paper link in the left navigation. Focus of the 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? • Cash vs. accrual: Is there a difference in recognizing transactions? • Why are accurate financial statements important for outside business interests? • How does depreciation accounting help the firm manage equipment investment costs and taxes? • How should the following types of current liabilities be accounted for? Include in your discussion examples of each type of current liability. o Current liabilities of known amount o Current liabilities that must be estimated o Contingent liabilities Writing the Final Paper The Final Paper: • Must be 4 to 6 double-spaced pages in length, and formatted according to APA style as outlined in the Ashford Writing Center. • Must include a title page with the following: o Title of paper o Student’s name o Course name and number o Instructor’s name o Date submitted • Must begin with an introductory paragraph that has a succinct thesis statement. • Must address the topic of the paper with critical thought. • Must end with a conclusion that reaffirms your thesis. • Must document all sources in APA style, as outlined in the Ashford Writing Center. • Must include a separate reference page, formatted according to APA style as outlined in the Ashford Writing Center