Sample Papers

June 24, 2020

Basic Accounting Equations paper

Basic Accounting Equations 1. Recognition of normal balances  The following items appeared in the accounting records of Triguero’s, a retail music store that also sponsors concerts. […]
June 24, 2020

Accounting   Cycle discussion paper

Your initial discussion thread is due on Day 3 (Thursday) and you have until Day 7 (Monday) to respond to your classmates. Your grade will reflect […]
June 24, 2020

Bank   Reconciliation discussion paper

Your initial discussion thread is due on Day 3 (Thursday) and you have until Day 7 (Monday) to respond to your classmates. Your grade will reflect […]
June 24, 2020

Percentage of Accounts Expected to Be Collected 

Percentage of Accounts Expected to Be Collected    Under 31 days $4,321,000 99%   31-60 days 4,890,000 90   61-90 days 1,067,000 80   Over 90 […]
June 24, 2020

Allowance method analysis of receivables

Allowance method: analysis of receivables. At a January 20X2 meeting, the presi­dent of Sonic Sound directed the sales staff “to move some product this year.” The […]
June 24, 2020

Direct write-off method assignment

Direct write-off method. Harrisburg Company, which began business in early 20X7, reported $40,000 of accounts receivable on the December 31, 20X7, balance sheet. Included in this […]
June 24, 2020

Bank reconciliation and entries

Bank reconciliation and entries. The following information was taken from the accounting records of Palmetto Company for the month of January:   Balance per bank $6,150 […]
June 24, 2020

Adjusting entries in examination paper

Adjusting entries. You have been retained to examine the records of Mary’s Day Care Center as of December 31, 20X3, the close of the current reporting […]
June 24, 2020

Adjusting entries and financial statements

Adjusting entries and financial statements. The following information pertains to Sally Corporation: · The company previously collected $1,500 as an advance payment for services to be […]
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