Accounting

Write a 550 – 750-word paper that addresses the following topic: Explain the impact of accounting transactions in financial statements. Describe the elements and purpose of each financial statement. Discuss the components and use of financial analysis.

For this portion of the Annual Report Project you will read the “Management Discussion and Analysis” in the Form 10-K for WALMART. Prepare a professionally written summary of 250-500 words. Include the following in your submission: Provide a summary of at least four key points addressed by management in this section of the Form 10-K. Analyze whether you think the summary provided by management accurately reflects the financial results of your company over the past year? Why or why not? You are required to integrate at least one academic source in the summary. Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required. Refer to “Annual Report Project – Section 2 Rubric” prior to beginning the assignment to become familiar with the expectations for successful completion.

The final paper for my Practicum Course will be a 2-page essay discussing your experience at work during the course. Paper must address the following questions: How did your experience at work correlate to your education in accounting at San Jacinto College? Is there anything that you particularly saw or did at your job in which you were able to use your knowledge from school? Is there anything that you learned or did in the accounting program that you believe was not essential to your job? Is there anything that you would like to see added to the accounting program here at San Jac that would provide additional skills, knowledge, or professional opportunities based on your experience at work this semester? My Job is a part time job at Truck Sales company position accounting assistant, I work with Invoices, charts, excel, truck sales with QuickBooks., etc.

Druganaut Company buys a $21,000 van on credit. The transaction will affect the a. income statement only. b. balance sheet only. c. income statement and retained earnings statement only. d. income statement, retained earnings statement, and balance sheet. Druganaut company buys a $21,000 van on credit. the transaction will affect the Get the solution at […]

The plant assets section of the comparative balance sheets of Anders Company is reported below ANDERS COMPANY Comparative Balance Sheets Part 2 of 2 2017 2016 Plant assets Equipment Accum. Depr.-Equipment $ 205,0ee (110,000) $ 295,000 (220,000) 2.5 Equipment, net $ 95,000 75,0ee points Buildings Accum. Depr.-Buildings S 405,000 (115,0e0) $ 290,00e $ 425,000 (300,00e) […]

The following is December 31, 2016. post-closing trial balance for Almway Corporation Account Title Debits Credits Cash 45,000 Investments 110.000 Accounts receivable 60,000 Inventories 200.000 Prepaid insurance 9,000 Land 90.000 Buildings 420.000 Accumulated depreciation-buildings 100,000 Equipment 110,000 Accumulated depreciation equipment 60,000 Patents (net of amortization) 10,000 Accounts payable 75.000 Notes payable 130,000 Interest payable 20.000 […]

Comparing Traditional and Activity-Based Product Margins [LO7-1, LO7-3, LO7-4, LO7-5] Hi-Tek Manufacturing, Inc., makes two types of industrial component parts-the B300 and the T500. An absorption costing income statement for the most recent period is shown: 50 points Skipped ні-те Inc ne Stat cent Sales $1,755,900 1,221,475 Cost of goods sold Gross margin Selling and […]

Wheeling Company is a merchandiser that provided a balance sheet as of September 30 as shown below: Wheeling Company Balance Sheet September 30 Assets Cash $ 69,400 Accounts receivable 166,000 Inventory 83,700 Buildings and equipment, net of depreciation 257,000 Total assets $ 576,100 Liabilities and Stockholders’ Equity Accounts payable $ 246,600 Common stock 216,000 Retained […]

The 2017 accounting records of blocker transport reveal these transactions and events. The 2020 accounting records of Blocker Transport reveal these transactions and events. Payment of interest Cash sales Receipt of dividend revenue Payment of income taxes Net income Payment of accounts payable for merchandise Payment for land $10,400 Collection of accounts receivable 49,000 Payment […]

Answer the questions below and explain your answer with numbers, computations, or a sentence or two. background source principlesofaccounting.com 1.Explain the term cost of sales in your own words. Is likely that the balance sheet of this company includes inventory? 2.Gross profit (margin) is a key piece of financial information. Why is it so important? 3.Explain operating expenses? What does the term mean? 4.Does ABC Company have any employees? Explain. 5.There is an error in the income statement. Property taxes are overstated by $10,000. How is the income statement affected by a correction of property taxes? 6.What happens to net income if the company hires a new manager at a salary of $80,000? 7.Does the company own any equipment? Is it informative to also check the balance sheet to answer this question? Explain. 8.Does the company have debt? How much debt? Explain how the income statement and balance sheet provide answers to the questions? 9.How do we know that ABC Company is using the accrual basis of accounting? Hint: Do not forget to look at the balance sheet from the prior module. 10.What happens to income statement at the end of the period? Is it continuous or does it close (terminate)?