Accounting Project

Written by:  Karen Pitsch

Special thanks to Donna Larner

 

Randiddle Co. is a merchandising business.  Their account balances as of November 30, 2012 (unless otherwise indicated), are as follows:

 

110     Cash                                                                          $  74,770

112     Accounts Receivable                                                    5,580

113     Allowance for Doubtful Accounts                                  200

115     Merchandise Inventory                                                 2,346

116     Prepaid Insurance                                                         5,750

117     Store Supplies                                                                2,850

123     Store Equipment                                                        100,800

124     Accumulated Depreciation-Store Equipment         31,060

210     Accounts Payable                                                         3,286

211     Salaries Payable                                                                   0

218     Interest Payable                                                                     0

220     Note Payable (Due 2017)                                           30,000

310     Randiddle, Capital (January 1, 2012)                      45,690

311     Randiddle, Withdrawals                                            60,000

312     Income Summary                                                                   0

410     Sales                                                                            296,130

411     Sales Returns and Allowances                                10,020

412     Sales Discounts                                                             7,200

510     Cost of Goods Sold                                                     30,250

520     Sales Salaries Expense                                             34,400

521     Advertising Expense                                                   18,000

522     Depreciation Expense                                                          0

523     Store Supplies Expense                                                      0

529     Miscellaneous Selling Expense                                 2,800

530     Office Salaries Expense                                             25,500

531     Rent Expense                                                              24,200

532     Insurance Expense                                                              0

533     Bad Debt Expense                                                               0

539     Miscellaneous Administrative Expense                    1,650

550     Interest Expense                                                            1,100

 

 

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Randiddle Co. uses the perpetual inventory system and the Last-in, First-out costing method.  Transportation-in and purchase discounts should be added to the Inventory Control Sheet, but since this will complicate the computation of the Last-in, First-out costing method, please ignore this step in the process.  They also use the Allowance Method for bad debt.

 

The Accounts Receivable and Accounts Payable Subsidiary Ledgers along with the Inventory Control Sheet should be updated as each transaction affects them (daily).

 

 

Randiddle Co. sells three types of microwave ovens.

 

The sale prices of each are:

 

900 watt microwave:  $199

1000 watt microwave:  $299

1200 watt microwave:  $499

 

 

During December, the last month of the accounting year, the following transactions were completed:

 

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Dec.    1.   Issued check number 2632 for the December rent, $2,200.

2.   Sold two 1200 watt microwaves for cash.

4.   Purchased four 1000 watt microwaves on account from Matt Co., terms 2/10,

n/30, FOB shipping point, $596.

5.   Issued check number 2633 to pay the transportation charges on purchase of

December 4, $89.  (NOTE:  Do not include shipping and purchase

discounts to the Inventory Control sheet for this project.)

6.    Sold six 1000 watt microwaves and four 1200 watt microwaves on account to Briana Co., invoice 891, terms 2/10, n/30, FOB shipping point.

8.  Issued check number 2634 for refund of cash on sales made for cash, $150.

(Customer was going to return goods until an allowance was arranged.)

10.  Purchased store supplies on account from Prince Co., terms n/30, $310.

10.  Issued check to Matt Co. number 2635 for the full amount due, less discount

allowed. (Round discount to nearest dollar.)

11.  Paid Prince Co. full amount due, check number 2636.

12.  Issued credit memo for one 1000 watt microwave returned on sale of

December 6.

13.  Issued check number 2637 for advertising expense for last half of December, $3,000.

14.  Received cash from Briana Co. for the full amount due (less return of December 12 and discount; round to nearest dollar).

19.  Issued check number 2638 to buy five 900 watt microwaves, $495.

19.  Issued check number 2639 for $596 to Joseph Co. on account.

20.   Sold seven 900 watt microwaves on account to Cameron Co., invoice number 892, terms 1/10, n/30, FOB shipping point.

20.  To expedite sale on Dec. 20, issued check number 2640 for shipping charges on sale to Cameron on December 20, $120.

21.  Received $1,396 cash from McKenzie Co. on account, no discount.

21.  Purchased three 1200 watt microwaves on account from Elisha Co., terms 1/10, n/30, FOB shipping point, $747, shipping $78.

24.  Received notification that Marie Co. has been granted bankruptcy with no

amount of recovery.  We are to write-off her amount due.  (Note: See page

365 for entry required.)

26.  Issued a debit memo for return of $299 because of damage to one 1200 watt

microwave purchased on December 21, receiving credit from the seller.

27.  Issued check number 2641 for sales salaries of $2,050 and office

salaries of $1,400.

28.  Purchased store equipment on account from Joseph Co., terms n/30, FOB

destination, $1,200.

29.  Issued check number 2642 for store supplies, $70.

29.  Purchased seven 1000 watt microwave from Prince Co, terms 1/10, n/30,

FOB shipping point, for $1,113 on account, shipping $107.

30.  Sold eight 1000 watt microwaves on account to Briana Co., invoice number

893, terms 2/10, n/30, FOB shipping point.

30. Received cash from sale of December 20, less discount, plus transportation

paid on December 20.  (Round calculations to the nearest dollar.)

31.  Issued check number 2643 for purchase of December 21, less return

of December 25 and discount.  (Round discount to the nearest dollar.)

31.  Issued a debit memo for $200 of the purchase returned from

December 28.

 

 

Instructions:

 

1.    Enter the balances of each of the accounts in the appropriate balance column of the General Ledger (B-S and I-S Ledger).  Write Balance in the item section, and place a (x) in the Post Reference column.

2.    Journalize the transactions in a sales journal, purchases journal, cash receipts journal, cash payments journal, or general journal as illustrated in chapter 7.  Also post to the Accounts Receivable and Accounts Payable Subsidiary ledgers and Inventory Control Sheet as needed.

3.    Total each column on the special journals and prove the journals.

4.    Post the totals of the account named columns and individually post the “Other Accounts” columns as well to the General Ledger.

5.    Prepare the Schedule of Accounts Receivable and the Schedule of Accounts Payable (their total amount must equal the amount in their controlling general ledger account).

6.     Prepare the unadjusted trial balance on the worksheet.

7.    Complete the worksheet for the year ended December 31, 2012, using the following adjustment data:

a.    Merchandise inventory on December 31                                 $1,090

b.    Insurance expired during the year                                              2,250

c.    Store supplies on hand on December 31                                     850

d.    Depreciation for the current year needs to be calculated.  The business uses

the Straight-line method, the store equipment has a useful life of 10 years

with no salvage value.  (NOTE: the purchase and return will not be included

as the dates of the transactions were after the 15^th of the month).

e.    Accrued salaries on December 31:

Sales salaries                                         $1,075

Office salaries                                             540                  $1,615

f.   The note payable terms are at 8%, payment is not being made until Jan. 3, 2013.  Interest must be recognized for one month.

g.  Calculate the Bad Debt adjustment amount; net realizable value of Accounts Receivable is determined to be $6,313.

 

8.  Prepare a multiple-step income statement, a statement of owner’s equity, and a

classified balance sheet in good form. (Recommend review of “Current Liabilities” on page 149.)

9.  Journalize and post the adjusting entries.

10.   Journalize and post the closing entries.  Indicate closed accounts by inserting a zero

in both balance columns opposite the closing entry.

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Listed below are several summary statements from the 2010 Census report:

1. The official poverty rate in 2010 was 15.1 percent-up from 14.3 percent in 2009. This was the third consecutive annual increase in the poverty rate. Since 2007, the poverty rate has increased by 2.6 percentage points, from 12.5 percent to 15.1 percent.

 

2. In 2010, 46.2 million people were in poverty, up from 43.6 million in 2009-the fourth consecutive annual increase in the number of people in poverty.

 

3. Between 2009 and 2010, the povertry rate increased for non-Hispanic Whites (from 9.4 percent to 9.9 percent), for Blacks (from 25.8 percent to 27.4 percent), and for Hispanics (from 25.3 percent to 26.6 percent). For Asians, the 2010 poverty rate (12.1 percent) was not statistically different from the 2009 poverty rate.

 

4. The poverty rate in 2010 (15.1 percent) was the highest poverty rate since 1993 but was 7.3 percentage points lower than the poverty rate in 1959, the first year for which poverty estimates are available.

 

5. The number of people in poverty in 2010 (46.2 million) is the largest number in the 52 years for which poverty estimates have been published.

 

6. Between 2009 and 2010, the poverty rate increased for children under age 18 (from 20.7 percent to 22.0 percent) and people aged 18 to 64 (from 12.9 percent to 13.7 percent), but was not statistically different for people aged 65 and older (9.0percent).

 

Select any four of the six summary statements and explain in detail the significance and possible causes of each item. BE sure to use the economic concepts and polices discussed in your textbook where applicable possible economic policies that may explain these items and/or those which could be ised to deal with the problems or situations described.

 

Prepare a 5-10 page Microsoft Word document that addresses the above noted concerns and meets APA standards.

 

Create a 5-12 slide power point presentation that summarizes the findings of your report.

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Social, Behavioral, and Psychosocial Causes of Diseases: Type 2 Diabetes (T2D)

Use the Internet , and recall your readings in Chapter 15 of Introduction to Epidemiology and Chapter 15 of Epidemiology for Public Health Practice to complete this assignment.

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Write a five to six (5-6) page paper in which you:

1.Analyze the development of T2D in the U.S., and compare its development to developing countries in general. 2.Using T2D statistics, compare the rates in the U.S. to the rates in your home state. 3.In addressing community concerns, analyze the cost of treating T2D in your community. Suggest five (5) prudent steps to address the psychosocial proliferation of the disease. Provide support for your suggestion. 4.Propose at least six (6) steps to address T2D in your current or previous workplace environment, and recommend the one (1) you believe to be the most important. Provide support for your recommendation. 5.Use at least six (6) peer-reviewed academic resources in this assignment. These must come from journal sources. Note: Fact Sheets, Wikipedia, and non-academic Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements: ◦Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. ◦Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are: ◦Examine epidemiology, financial management, and cost-effectiveness analysis. ◦Use technology and information resources to research issues in managerial epidemiology. ◦Write clearly and concisely about managerial epidemiology using proper writing mechanics.

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Managing Human Resources

Managing Human Resources 11e (2014) by Susan Jackson, Randall Schuler, and Steve Werner. Published by Cengage. ISBN: 1-111-58022-7 or 978-1-111-58022-3

Each question needs be around 30 words:

Chapter 8
1. What is the role of training and development in learning organizations? Do you think a pharmaceutical company could effectively manage knowledge without having

well-developed training and development activities?

2. An auto dealer has hired you to help improve the performance of its sales and service staff. Your first task is to conduct a needs analysis for the organization.

Describe what you will do. Then, provide examples of possible training and development activities that could be used to influence the knowledge, behavior, and

attitudes of the staff.

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Battle Analysis:
1.When and why did this particular battle take place?

2.Where did it take place?

3.What influenced the outcome of this battle?

4.What influence did the outcome of this particular engagement have on the campaign of which it was part?

5.What influence did that particular campaign have on course of the Civil War?
The main emphasis of your paper should be on placing the battle that you have selected to research into the wider context of the Civil War as a whole. As such, your paper should not focus solely on military matters, but should also take into account any political, economic, and social considerations for which you can find evidence.
Minimum Requirements
Your Battle Analysis paper must meet the following minimum requirements:

1. It must be between eight and ten (8-10) pages in length. The length of your analysis paper does not include the title page, table of contents page, or reference page.
2. It must have a title page. The title page must have the title of the analysis paper, your name and address, and the name of the course.
3. It must have a table of contents. The table of contents must indicate the pages on which each portion or section of your paper begins.
4. It must have an abstract. An abstract is a short statement of the central idea(s) in your analysis paper. The abstract must be between 25 and 50 words in length.
5. It must have a statement of the issue(s). The statement of the issue(s) identifies the topic discussed and any related subordinate issues. For purposes of this analysis paper, the abstract is a discussion of the topic, your reaction statement, your reasons for selecting this question, identification of the major issues relating to the topic, and your position on the issue. The “statement of the issue” section of your analysis paper might identify more than one issue relating to the topic. However, after the “statement of the issue” section, discuss only the major issue(s) you have identified.
6. It must have a conclusion section. It should briefly summarize the issue(s) you raised and clearly articulate your analysis of the topic.
7. Your analysis paper must have a reference section. There is no specific referencing style that you must use, but whichever one you choose should be an accepted style (i.e. MLE, Turabian, AP), and you should be consistent in using it. Check with your mentor.
8. The references you cite should be from reputable and authoritative sources. Be discerning; just because something is in print or on the Internet does not mean it is credible. Your references must include primary and secondary sources. See the “Sources” section below for more information.
9. Each section of the analysis paper must have a separate heading and each section must correspond to the page numbers noted on the table of contents. Placing a heading at the beginning of each section of the paper makes the discussion in the paper easier to follow. Headings also improve the paper’s visual presentation.
10. Your analysis paper must use proper grammar, spelling, and punctuation. All technical flaws in your analysis paper will result in grade deductions.

Sources
A vast amount has been written about the American Civil War, and in general you should not have much difficulty finding information for any of the major battles or campaigns that were waged over the period 1861 to 1865. Indeed, so much exists that initially one of your biggest problems will be to narrow down which sources to use since the quality of the available material will vary considerably. One of the major concerns you should have is to select reputable works, and your mentor will be able to help you with your selection.

A good starting point for you to use when deciding on which battle to research for your analysis paper is the Civil War Preservation Trust’s Web site, which allows you to search battles by date, state, or specific engagement

Another source that you should consult for your paper is The War of the Rebellion: A Compilation of the Official Records of the Union and Confederate Armies, the Official Records. Often referred to as simply the “Official Records” or “OR,” this is a multivolume series compiled by the U.S. government beginning at the end of the Civil War. This series contains documentation such as reports, letters, etc., produced by the participants involved in the various battles and campaigns of the Civil War.

The OR is available on CD, and Ohio State University has made the entire 128-volume series available online free-of-charge at their e-history Web site: http://ehistory.osu.edu/osu/sources/records/

This Web site features an index of campaigns which, when used in conjunction with your textbook’s Table of Contents and Index, also provides a good starting point for you to use when making your choice of which particular battle to research. Click here for an index of campaigns: http://ehistory.osu.edu/osu/sources/records/list.cfm

Clicking on the link for any specific campaign listed will take you to a page with a “Summary of Principal Events” associated with that campaign, including battles, followed by documentation for the campaign.

As a source of primary evidence, the OR is indispensible for any study of a battle or campaign. However, the OR should not be your main source of information since the reports, letters, etc. it contains were not checked for accuracy before their inclusion in the series. You will need to use a variety of sources, particularly secondary works that give a reasoned perspective of events–something the primary records in the OR will not provide.

Also note that typographical errors may occur in both the Ohio University and CD electronic versions of the OR. These errors are not in the original printed version of the OR and occurred as result of the scanning process when the series was converted to an electronic source.

Study Guide
Another source you will find useful when producing your analysis is an abridged version of the Study Guide for Battle Analysis, based on the methodological format developed by the U.S. Army Command and General Staff College to study battles and campaigns. It contains generic questions that can be applied to any battle.

Please consult the Course Documents area of the course site for this document. This abridged version gives you a good idea of the type of questions you should be attempting to answer in your analysis.

NOTE: Keep in mind that your paper should be 8-10 pages in length, which means that you will have to be very discerning about the amount of detail to include in your paper. Remember that one of your primary objectives is to relate how a particular battle or campaign affected the course of the Civil War. You need to keep your eyes on the “big picture” and avoid getting bogged down in too much detail.

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You will write a Research Paper on a topic relating to business ethics. Your paper must be 8–10 pages and double spaced (excluding a properly formatted title page, bibliography page, and reference page). You must have 8–10 scholarly references cited in current APA format. You must use your textbooks as sources; other acceptable sources are journal articles from peer-reviewed journals, theoretical text, and the Bible. As this is a Research Paper, it must be written in third person.

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You will also create an annotated bibliography. The annotated bibliography must be in current APA format, and a 100-word description (of the reference itself and its contribution to the paper) must be included.

Submit the Research Paper: Topic Submission via SafeAssign by 11:59 p.m.(ET) on Monday of Module/Week 2.
Submit the Research Paper: Annotated Bibliography via SafeAssign by 11:59 p.m. (ET) on Monday of Module/Week 3.
Submit the Research Paper: Final via SafeAssign by 11:59 p.m. (ET) on Friday of Module/Week 8.

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