Submit your articles to the following
 |
| Essay papers avaliable: |
|
194 240 |
|
The widest database of original essays is now available due to EssaysBank.com! Thousands of high quality authentic essays are collected by our professional to make the lives of the students easier.
Hundreds of topics from various subjects of any educational level – you will find anything you need at EssaysBank.com!
|
|
 |
|
Essay heading: Accounting
Essay specific features
| Issue: |
Business |
| Written by: |
|
| Date added: |
April 14, 2009 |
| Level: |
|
| Grade: |
|
| No of pages / words: |
12 / 3229 |
| Was viewed: |
0 times |
| Rating of current essay: |
|
Essay content:
Taken ? chq #3412
9 Cash 1060 325
Store Supplies 1250 325
To record sale of store supplies
10 Office Equipment 1410 4,125
Accounts Payable ? Thompson Supply Co. 2200 4,125
Purchased merchandise on credit, n/10 EOM
11 Cash 1060 6,664
Sales Discount 4040 136
Accounts Receivable ? Essex Company 1200 6,800
Payment received within discount period, 2% disc...
displayed 300 characters
 |
|
Pay now and get a FULL UNLIMITED access!
This option entitles you to get access to a huge database of 200.000 essay papers. You receive a possibility of full access and of viewing an unlimited number of essays for a fair price! Any subject, any topic and any level of difficulty of a paper - anything can be found here.
|
|
No limitations and no restrictions with EssaysBank.com, since our aim is to help you with your essay writing.
A huge database of supplementary materials for your research and for better understanding of the topic costs so few! Use your chance to make a better research and to receive a higher grade!
|
|
 |
2200 4,125
Purchased merchandise on credit, n/10 EOM
11 Cash 1060 6,664
Sales Discount 4040 136
Accounts Receivable ? Essex Company 1200 6,800
Payment received within discount period, 2% disc. Taken
11 Merchandise Inventory 1230 9,000
Accounts Payable ? Gale Inc. 1200 9,000
Purchased merchandise on credit, 2/10, n/30
12 Accounts Payable ? Thompson Supply Co...
displayed next 300 characters
General issues of this essay:
Discussion:
Related essays:
| Title |
Pages / Words |
Save |
| Current and Non-current Assets
Common types of current assets are (1) cash, (2) short-term investments (such as short-term U.S. government securities), (3) receivables (notes receivable, accounts receivable, and interest receivable), (4) inventories, and (5) prepaid expenses (insurance and supplies)... |
3 / 589 |
 |
| financial statements
Whereas the first two statements include mostly accruals (transaction took place without actual transfer of cash), the Statement of Cash Flow translates these accruals to cash... |
2 / 448 |
|
| Fasb
This statement was issued based on the importance of intangible assets to a company. Intangible assets needed to receive more recognition in financial statements then the amount that was included... |
2 / 490 |
|
| Financial Accounting
| | | | | | |
Case 2-1 Maynard Company
|Maynard Company | |Maynard Company |
|Balance Sheet | |Balance Sheet |
|As of June 1 | |As of June 30 |
| | | | | | | |
|ASSETS | |ASSETS |
| | | | | | | |
|Current Assets | | | |Current Assets | | |
|Cash |$34,983 | | |Cash |$66,660 | |
|A/C Receivables |$21,798 | | |A/C Receivables |$26,505 | |
|Merchandise Inventory |$29,835 | | |Merchandise Inventory |$26,520 | |
|Notes Receivables |$11,700 | | |Notes Receivables |$0 | |
|Prepaid Insurance |$3,150 | | |Prepaid Insurance |$2,826 | |
|Supplies on Hand |$5,559 | | |Supplies on Hand |$6,630 | |
| | | | | | | |
|Total Current Assets | |$107,025 | |Total Current Assets | |$129,141 |
| | | | | | | |
|Properties, Plant and Equipment | | | |Properties, Plant and Equipment | | |
|Land | |$89,700 | |Land | |$89,700 |
|Building and Equipment |$598,260 | | |Building and Equipment |$621,660 | |
|Less: Accumulated Depreciation |$161,304 |$436,956 | |Less: Accumulated Depreciation |$163,878 |$457,782 |
|Net: Properties, Plant and Equipment | |$526,656 | |Net: Properties, Plant and Equipment | |$547,482 |
| | | | | | | |
|Other Assets | | | |Other Assets | | |
|Other Non-current Assets | |$4,857 | |Other Non-current Assets | |$5,265 |
| | | | | | | |
|Total Assets | |$638,538 | |Total Assets | |$681,888 |
| | | | | | | |
|LIABILITIES AND OWNER'S EQUITY | |LIABILITIES AND OWNER'S EQUITY |
| | | | | | | |
|Current Liabilities | | | |Current Liabilities | | |
|Accounts Payable |$8,517 | | |Accounts Payable |$21,315 | |
|Taxes Payable |$5,700 | | |Taxes Payable |$7,224 | |
|Accrued Wages Payable |$1,974 | | |Accrued Wages Payable |$2,202 | |
|Bank Notes Payable |$8,385 | | |Bank Notes Payable |$29,250 | |
| | | | | | | |
| | | | | | | |
|Total Current Liabilities | |$24,576 | |Total Current Liabilities | |$59,991 |
| | | | | | | |
|Other non-current liabilities | |$2,451 | |Other non-current liabilities | |$2,451 |
| | | | | | | |
|Shareholder's Equity | | | |Shareholder's Equity | | |
|Paid-in Capital |$390,000 | | |Paid-in Capital |$390,000 | |
|Retained Earnings |$221,511 | | |Retained Earnings |$229,446 | |
| | | | | | | |
|Total Shareholder's Equity | |$611,511 | |Total Shareholder's Equity | |$619,446 |
| | | | | | | |
|Total Liabilities and Shareholder's Equity | |$638,538 | |Total Liabilities and Shareholder's Equity | |$681,888 |
Questions:
1... |
7 / 1727 |
|
|
