Entries by Grace Wahito

I am attaching my final to be completed.

March 30, 2020 in /by

I am attaching my final to be completed.See attachment  ATTACHMENT PREVIEW Download attachmentQuestion 2.2.(TCO 2) As required to complete Course Project 1, one must follow the cycle thatincludes 10 steps to complete the accounting cycle. (1) Explain how information from thejournal entries get into the ledger accounts (15 points) and (2) provide an example ofinformation that […]

 

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Pinewood Company purchased two buildings on four acres of land

March 30, 2020 in /by

Pinewood Company purchased two buildings on four acres of land. The lump-sum purchase price was $900,000. According to independent appraisals, the fair values were $450,000 (building A) and $250,000 (building B) for the buildings and $300,000 for the land. Required: Determine the initial valuation of the buildings and the land.   Looking for a Similar […]

 

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Class, let’s work on a Closing Entry Exercise together.

March 30, 2020 in /by

Class, let’s work on a Closing Entry Exercise together.  Can anyone explain why a company makes Closing Entries. Can someone else tell us when Closing Entries are made at a company?  Please feel free to revisit and review the Lecture tab in Weeks 1 and 2.  Use the following information to show us how to make one of the three required closing entries for ZZZZ Best Pizza Place Incorporated.  Assume that […]

 

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Learning Objective 3: Design and use a bank reconciliation)

March 30, 2020 in /by

Learning Objective 3: Design and use a bank reconciliation) The following items appear on a bank reconciliation: 1. —Service charge 2. —Book error: We debited Cash for $100. The correct debit was $1,000. 3. —NSFcheck 4. —Bank collection of a note receivable on our behalf 5. —Deposits in transit 6. —Bank error: The bank credited our account for a deposit made by […]

 

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