Final Exam with Instructor Solutions Manuals Bonus

This is the ACC100 final exam parts 1 & 2 for the WileyPlus Weygandt, Accounting Principles with as a bonus Chapters 8, 9, 10 Instructor Solutions Manuals. Together as one download. Each is a searchable pdf so you can find your answer keys quickly.
Final Exam 1 is 30 pages
Final Exam 2 is 4 pages
Chapter 8 is 50 pages
Chapter 9 is 46 pages
Chapter 10 is 62 pages
Get All 5 in this Super Bonus Giveaway!

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Topics include:
Fraud, Internal Control, and Cash
Accounting for Receivables
Plant Assets, Natural Resources, and Intangible Assets
Examples:
Question 1
The balance of a control account in the general ledger
must always be zero.
must equal the composite balance of individual accounts in a related subsidiary ledger.
must equal the amount of total assets.
is always greater than the composite balance of individual accounts in a related subsidiary ledger.
Question 2
The Sarbanes-Oxley Act of 2002 (SOX) requires that all U.S. corporations under the juris-diction of the Securities and
Exchange Commission
must file reports with the National Commission on Fraudulent Financial Reporting.
have at least one foreign subsidiary.
maintain accounting records of foreign branches and subsidiaries in the local foreign currency.
maintain an adequate system of internal control.
Question 16
A company just starting business made the following four inventory purchases in June:
June 1 150 units $390
June 10 200 units 585
June 15 200 units 630
June 28 150 units 495
$2,100
A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the average-cost
method, the amount allocated to the ending inventory on June 30 is
$2,100.
$1,500.
$575.
$600.

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Question 17
A sales journal is used to record
sales of all assets on credit and for cash.
only cash sales of merchandise.
only credit sales of merchandise.
credit sales of merchandise, sales returns and allowances, and sales discounts.
Question 18
Assume the following sales data for a company:
2011 $945,000
2010 845,000
2009 650,000
If 2009 is the base year, what is the percentage increase in sales from 2009 to 2010?
23%
77%
30%
130%
Question 28
On February 1, Platt Company received a $9,000, 10%, four-month note receivable. The cash to be received by Platt
Company when the note becomes due is
$9,000.
$9,300.
$300.
$9,900.
Question 29
Gold Clothing Store had a balance in the Accounts Receivable account of $820,000 at the beginning of the year and a
balance of $880,000 at the end of the year. Net credit sales during the year amounted to $7,650,000. The receivables
turnover ratio was
8.7 times.
9.3 times.
9.0 times.
4.5 times.

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Question 1
Using the following data from the comparative balance sheet of Rodenbeck Company, illustrate vertical analysis. (Round percentages to 1
decimal place, e.g. 10.5.)
December 31, 2011 December 31, 2010
Accounts receivable $ 525,070 $ 383,520
Inventory $ 847,050 $ 581,860
Total assets $ 3,156,400 $2,566,200
Vertical Analysis
Question 2
Catlet Co. uses a periodic inventory system. Its records show the following for the month of May in which 65 units were
sold.
Date Explanation Units Unit Cost Total Cost
May 1 Inventory 30 $11.35 $340.50
May 15 Purchases 25 14.35 358.75
May 24 Purchases 35 15.35 537.25
Totals 90 $1,236.50
Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods.
Question 3
Prepare a bank reconciliation at July 31.
Journalize the adjusting entries at July 31 on the books of Family Video Company.
ROBERTSON COMPANY
Bank Reconciliation
September 30
JAMES LOGAN COMPANY
Bank Reconciliation
May 31, 2010
HAVERMAN COMPANY
Bank Reconciliation
July 31, 2010
WOLVERINE GENETICS COMPANY
Bank Reconciliation
May 31, 2010
CHAPIN COMPANY
Bank Reconciliation
November 30, 2010
BUMMER COMPANY
Bank Reconciliation
August 31, 2010
GAZARRA COMPANY
Bank Reconciliation
October 31, 2010
Jan. 5 Accounts Receivable—Dedonder Company
SEK COMPANY Accounts Receivable Aging Schedule
Jan. 5 Accounts Receivable Kandle
Accounts Receivable Barrel Co.
Jan. 5 Accounts Receivable Dedonder Company
Accounts Receivable Jenks Inc
24 Accounts Receivable Hughey
If Wall Inc. used 3% of total accounts receivable rather than aging the
individual accounts the bad debt expense adjustment would be $14,000
[($200,000 X 3%) + $8,000]. The rest of the entries would be the same as
they were when aging the accounts receivable.
Accounts Receivable Wilson
Accounts Receivable Julia
Gonzalez
Accounts Receivable Nancy Hansel
Interest Revenue
Allowance for Doubtful Accounts
Accounts Receivable Frye
Accounts Receivable CC Company
Accounts Receivable Cortez
Mar. 10 Accounts Receivable Dawes
Interest Revenue
WINTERSCHID COMPANY Trial Balance
Reimer Company—Straight-line method
Lingo Company—Double-declining-balance method
Based on the asset turnover ratio, McLead Corp.
Under the cost principle, the acquisition cost for a plant asset includes
all expenditures necessary to acquire the asset and make it ready for its
intended use. For example, the cost of factory machinery includes the
purchase price, freight costs paid by the purchaser, insurance costs
during transit, and installation costs.
Plus Much More!

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