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For more course tutorials visit\nUophelp is now newtonhelp.com\nwww.newtonhelp.com\n\nACCT 216 Week 1 Homework (v 2)\nACCT 216 Week 2 Homework\nACCT 216 Week 3 Homework\nACCT 216 Week 4 Homework\nACCT 216 Week 5 Homework A\nACCT 216 Week 5 Homework B\n

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acct 216 all homework

ACCT 216 All homework

For more course tutorials visit

uophelp.com is now newtonhelp.com

www.newtonhelp.com

ACCT 216 Week 1 Homework (v 2)

ACCT 216 Week 2 Homework

ACCT 216 Week 3 Homework

ACCT 216 Week 4 Homework

ACCT 216 Week 5 Homework A

ACCT 216 Week 5 Homework B

ACCT 216 Week 6 Homework A

ACCT 216 Week 6 Homework B

acct 216 week 1 homework v 2

ACCT 216 Week 1 Homework (v 2)

For more course tutorials visit

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www.newtonhelp.com

1.Please write a four-to-six sentence paragraph on the following question. Good business and accounting practices require the exercise of good judgment.

How should ethics be incorporated into making accounting judgments? Why is ethics important?

2.Sharon Kent is a realtor. She organized her business, called SK Realty, as a corporation on April 1, 2013. Sharon started the business by depositing

acct 216 week 2 homework

ACCT 216 Week 2 Homework

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1. Please write a 4-6 sentence paragraph on the following question. Describe each of the 4 basic financial statements. What is the relationship between them?

2. During the first month of operations (March 2011) Jerry Enterprises completed the following selected transactions:

a.The business received $12,000 in cash and a building valued at $52,000. The corporation issued stock to the contributors of these.

acct 216 week 3 homework

ACCT 216 Week 3 Homework

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ACCT216

Week 3 Homework

1.Classify the following items as (a) an addition to the bank balance, (b) a subtraction from the bank balance, (c) an addition to the book balance, or (d) a subtraction from the book balance:

2.During 2013, Jimmy Enterprises completed the following transactions:

a.Sales revenue on account, $550,000.

acct 216 week 4 homework

ACCT 216 Week 4 Homework

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Homework scenario

Suppose Robotics, Inc.’s inventory records for a particular item indicated the following transactions in September:

September 1

Beginning Inventory

10 units @ $29

September 9

Purchase

18 units @ $32

September 23

acct 216 week 5 homework a

ACCT 216 Week 5 Homework A

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Suppose the Atlanta Falcons purchased a new set of goal posts for $20,000 each. The Falcons expect the goal posts to have a useful life of five years and a salvage value of $1,000 each when they sell them to a local high school.

Required:

1. Compute the first years depreciation using the following methods:

acct 216 week 5 homework b

ACCT 216 Week 5 Homework B

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Suppose the Colorado Avalanche purchased a new Zamboni machine to scrape the ice off the rink between periods. The Zamboni cost $100,000 and has a useful life of three years and a residual value of $5,000 when it is sold to a minor league hockey team. The Zamboni is anticipated to drive 352 miles the first year, 375 miles the second year, and 435 miles the third year when the team anticipates winning the Stanley Cup.

acct 216 week 6 homework a

ACCT 216 Week 6 Homework A

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During August 2013, DB Inc. completed the following transactions:

a.8/1/13 – Purchased a new piece of equipment for $50,000 signing a 6 month, 8% note payable.

b.8/10/13 – Issued 15,000 shares of $2.00 par stock at $8.00 per share.

c.8/15/13 – Received an invoice for their telephones for $450.00 that will be paid next month.

d.8/16/13 – Sold $320,000 in product sales and accrued 5% for warranty liability.

acct 216 week 6 homework b

ACCT 216 Week 6 Homework B

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During March 2013, JZ Inc. completed the following transactions:

a.3/1/13 – Purchased a new piece of equipment for $75,000 signing a 6 month, 7% note payable.

b.3/10/13 – Issued 10,000 shares of $2.00 par stock at $9.00 per share.

c.3/15/13 – Received an invoice for their telephones for $375.00 that will be paid next month.

d.3/16/13 – Sold $450,000 in product sales and accrued 6% for warranty liability.

.

acct 216 week 7 homework a

ACCT 216 Week 7 Homework A

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1. Please write a 4-6 sentence paragraph on the following questions.

a.What is the difference between an exempt and non-exempt employee?

b.How would you decide whether to hire someone as an employee or independent contractor?

2.Cindy Lou makes $30,000 per year as an exempt employee. She worked 15 hours of overtime in the month of September. Payday for wages earned in the month of

acct 216 week 7 homework b

ACCT 216 Week 7 Homework B

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1. Please write a 4-6 sentence paragraph on the following questions.

a.Describe the three federal filing requirements for a company at the end of the year.

b.What is the difference between Form 940 and Form 941?

2.Betty Meyer makes $40,000 per year as an exempt employee. She worked 25 hours of overtime in the month of March.