ACC 291 GENIUS Achievement Education--acc291genius.com

ACC 291 Entire Course and Final Guide
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ACC 291 Week 1 Discussion Question 1
How would you describe the entries to record the disposition of
accounts receivables?
What is their function?

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How are bad debts accounted for under the direct write-off method?
What are the disadvantages of this method?
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ACC 291 Week 1 Wileyplus Assignment E8-4, E8-11, BYP8-1,
and BYP8-2 (New)

Wiley Plus Assignment Week 1
·E8-4, E8-11, BYP8-1, and BYP8-2 in MS Excel
Exercise 8-4 Wainwright Company
Exercise 8-11 Fedex Corporation
Broadening your Perspective 8-1 Tootsie Roll
Broadening your Perspective 8-2 Tootsie Roll and Hershey
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ACC 291 Week 2 - Fordyce and Atwater (New)
P10-5A
Fordyce Electronics issues a $400,000, 8%, 10-year mortgage note on
December 31, 2007. The proceeds from the note are to be used in
financing a new research laboratory. The terms of the note provide for

semiannualinstallment payments, exclusive of real estate taxes and
insurance, of $29,433. Payments are due June 30 and December 31.
Complete the installment payments schedule for the first 2 years.
(Round answers to 0 decimal places, e.g. 125. Use rounded amounts for
future calculations.)
Prepare the entries for (1) the loan and (2) the first two installment
payments. (For multiple debit/credit entries, list amounts from largest
to smallest eg 10, 5, 3,
2.) Show how the total mortgage liability should be reported on the
balance sheet at December 31, 2008.
P10-6A
On July 1, 2011, Atwater Corporation issued $2,098,000 face value,
12%, 10-year bonds at $2,507,354. This price resulted in an effective-
interest rate of 9% on the bonds. Atwater uses the effective-interest
method to amortize bond premium or discount. The bonds pay
semiannual interest July 1 and January 1.
Prepare an amortization table through December 31, 2012 (3 interest
periods) for this bond issue.
Prepare the journal entry to record the accrual of interest and the
amortization of the premium on December 31, 2011
Prepare the journal entry to record the payment of interest and the
amortization of the premium on July 1, 2012, assuming no accrual of
interest on June 30.
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What are the differences among valuation, depreciation, amortization,
and depletion?
Is it appropriate to calculate depreciation using two different methods?
Why?
What does the Annual Report you are using for class say about
depreciation?
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What types of industries have unearned revenue?
Why is unearned revenue considered a liability?
When is the unearned revenue recognized in the financial statements?
What does your Annual Report say about unearned revenue?
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ACC 291 Week 2 Individual WileyPLUS Assignment Week
Two
we have another New set of week 2 Willeyplus assignment which could
be found on this link

Resource:WileyPLUS
Complete the followingWileyPLUS Week Two Exercises and Problem:
Exercise E8-3
Exercise BE9-13
Exercise Do It! 9-4
Exercise E9-9
Exercise E9-10
Problem P9-5A
Submit your results through the Gradebook ASSIGNMENTS. Screen
prints or shots are acceptable on a WORD document.
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ACC 291 Week 2 IndividualWileyPLUS PracticeCh 8,9,10 Quiz

Resource:WileyPLUS
Complete the WileyPLUS Week Two Practice Quizzes for chapters 8, 9,
and 10. Submit your results through the Gradebook ASSIGNMENTS.
Screen prints or shots are acceptable on a WORD document.
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ACC 291 Week 2 Learning Team Weekly Reflection
Discuss the objectives for Weeks One and Two. Your discussion should
include the topics you feel comfortable with, any topics you struggled
with, and how the weekly topics relate to application in your field.
Write a 350- to 1,050-word summary of the team’s discussion.
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ACC 291 Week 2 Wileyplus Assignment P8-3A, BE9-11, DI9-
5, E9-7, E9-8, BYP9, P9-2A (New)

·P8-3A, BE9-11, DI9-5, E9-7, E9-8, BYP9, P9-2A.
Problem 8-3A: Bosworth Company
Brief Exercise 9-11: Nike, Inc.
Do It! 9-5
Exercise 9-7: Wang, Co.
Exercise 9-8: Cleand Company
Broadening Your Perspective 9-1: Tootsie Roll
Broadening Your Perspective 9-2: Tootsie& Hershey
Problem 9-2A: Navaro Corporatio
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· Why does a company choose to form as a corporation?
What are the steps required to become a corporation?
What are the advantages and disadvantages of the corporate form of
doing business?
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Why is preferred stock referred to as preferred?

What are some of the features added to preferred stock that make it
more attractive to investors?
Would you select preferred stock or common stock as an investment?
Why?
Provide stock details from your Annual Report.
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ACC 291 Week 3 Exercise BE 1-2, BE 10-3, BE 10-4, BE 10-5,
BE 10-14
BE 1-2, BE 10-3, BE 10-4, BE 10-5, BE 10-14 BRIEF EXERCISES Prepare
entries for an interest‐bearing note payable. BE10-2 Hive Company
borrows $90,000 on July 1 from the bank by signing a $90,000, 7%,
1‐year note payable. Prepare the journal entries to record (a) the
proceeds of the note and (b) accrued interest at December 31,
assuming adjusting entries are made only at the end of the year.
Compute and record sales taxes payable. BE10-3 Greenspan Supply
does not segregate sales and sales taxes at the time of sale. The register

total for March 16 is $10,388. All sales are subject to a 6% sales tax.
Compute sales taxes payable and make the entry to record sales taxes
payable and sales. Prepare entries for unearned revenues. BE10-4
Bramble University sells 3,500 season basketball tickets at $80 each for
its 10‐game home schedule. Give the entry to record (a) the sale of
the season tickets and (b) the revenue recognized after playing the first
home game. Compute gross earnings and net pay. BE10-5 Betsy
Strand's regular hourly wage rate is $16, and she receives an hourly
rate of $24 for work in excess of 40 hours. During a January pay period,
Betsy works 47 hours. Betsy's federal income tax withholding is $95,
and she has no voluntary deductions. Compute Betsy Strand's gross
earnings and net pay for the pay period. Assume that the FICA tax rate
is 7.65%. Analyze solvency. BE10-14 Suppose the 2017 Adidas financial
statements contain the following selected data (in millions). Current
assets $4,485 Interest expense $169 Total assets 8,875 Income taxes
113 Current liabilities 2,836 Net income 245 Total liabilities 5,099 Cash
775 Compute the following values and provide a brief interpretation of
each. (a) Working capital. (b) Current ratio. (c) Debt to assets ratio. (d)
Times interest earned.
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ACC 291 Week 3 Individual WileyPLUS Assignment

Resource:WileyPLUS
Complete the followingWileyPLUS Week Three Exercises and Problems:
Exercise E9-7
Exercise E10-5
Exercise E10-10
Exercise E10-11
Exercise E10-15
Exercise E10-18
Problem P10-5A
Problem P10-9A
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ACC 291 Week 3 Individual WileyPLUS Practice Quiz Ch.
11,12
Resource:WileyPLUS
Complete the WileyPLUS Week Three Practice Quizzes for chapters 11
and 12.
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Discuss the objectives for Week Three. Your discussion should include
the topics you feel comfortable with, any topics you struggled with, and
how the weekly topics relate to application in your field.
Write a 350- to 1,050-word summary of the team’s discussion
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ACC 291 Week 3 Wileyplus Assignment P9-7A, E10-5, E10-8,
E10-13, E10-22, E10-24, BYP10, P10-9A, P10-13A, IFRS10-4
(New)
·P9-7A, E10-5, E10-8, E10-13, E10-22, E10-24, BYP10, P10-9A, P10-13A,
IFRS10-4.
Exercise 10-5: Olinger Company
Exercise 10-8: Ortega Company
Exercise 10-13: Romine Company

Exercise 10-22: Cole Corporation
Exercise 10-24: Nance, Co.
Broadening Your Perspective 10-1: Tootsie Roll
Broadening Your Perspective 10-2: Tootsie& Hershey
Problem 9-7A: Farr Company
Problem 10-9A: Wempe, Co.
Problem 10-13A: Grace Herron
IFRS10-4: Ratzlaff
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Why are companies required to prepare a statement of cash flows?
Why is the statement of cash flows divided into three sections?

What does each section tell you about the operations of a company?
What are the differences between the direct and indirect presentation
of cash flows?
Why does the Financial Accounting Standards Board allow both
methods? Which do you prefer? Why?
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What are some common ratios used to analyze financial information?
Which are the most important?

What are some examples of how ratios are used in the decision making
process?
Two popular methods of financial statement analysis are horizontal
analysis and vertical analysis. What are the differences between these
two methods?
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ACC 291 Week 4 Individual WileyPLUS Assignment
Resource:WileyPLUS
Complete the following WileyPLUS Week Four Exercises and Problems:

Exercise Do It! 11-1
Exercise E11-15
Exercise E11-16
Problem P11-6A
Problem P11-8A
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ACC 291 Week 4 IndividualWileyPLUS Practice
Resource:WileyPLUS
Complete the WileyPLUS Week Four Practice Quizzes for
chapters 13 and 14.
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Discuss the objectives for Week Four. Your discussion should
include the topics you feel comfortable with, any topics you
struggled with, and how the weekly topics relate to application
in your field.
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ACC 291 Week 4 Wileyplus Assignment Do It! 11-1, E11-5,
E11-7, BYP11-1, BYP11-2, P11-5A, P11-8A (New)

·Do It! 11-1, E11-5, E11-7, BYP11-1, BYP11-2, P11-5A, P11-8A.
Do It! 11-1
Exercise 11-5 Garcia Corporation
Exercise 11-7 Pele Company
Broadening Your Perspective 11-1 Tootsie Roll
Broadening Your Perspective 11-2 Tootsie Roll & Hershey
Problem 11-5A Pringle Corporation
Problem 11-8A Everett Corporation
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Why do corporations buy back their own stock?
What does it tell you about the corporation?
What effect does the purchase have on the price of a
company’s stock?
Does your Annual Report discuss stock repurchase or balances
of treasury stock?
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ACC 291 Week 5 Individual Effect of Unethical Behavior
Article Analysis

Write a 350- to 700-word article analysis in which you identify
situations that might lead to unethical practices and behavior in
accounting.
Examine the effect of the Sarbanes-Oxley Act of 2002 on
financial statements.
Cite one article from the Electronic Reserve Readings, the
Internet, or other resources.
Formatyour paper consistent with APA guidelines.
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ACC 291 Week 5 Individual WileyPLUSAssignment

we have another New set of week 5 Willyplus assignment
which could be found on this link
ACC 291 Week 5 Wileyplus Assignment E7-3, E12-1, E12-8, P12-
9A, P12-10A, E13-3, E13-4, IFRS13-1, P13-2A (New)
Resource:WileyPLUS
Complete the following Week Five WileyPLUSExercises and
Problems:
Exercise E13-1
Exercise E13-8
Exercise E14-1
Problem P13-9A
Problem P13-10A
Problem P14-2A
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ACC 291 Week 5 Learning Team Ratio Analysis Memo

Resource:Virtual Organizations
Click the Virtual Organization link on the student website to
access the Virtual Organizations.
Select one of the Virtual Organizations as the basis for the
assignment.
Obtain faculty approval of your selected organization before
beginning the assignment.
Access the information contained in your selected
organization’s balance sheet and income statement to calculate
the following:
Liquidity ratios
Current ratio
Acid-test,or quick, ratio

Receivables turnover
Inventory turnover
Profitability ratios
Asset turnover
Profit margin
Return on assets
Return on common stockholders’ equity
Solvency ratios
Debt to total assets
Times interest earned
Showyour calculations for each ratio.
Create a horizontal and vertical analysis for the balance sheet
and the income statement.

Write a 350- to 700-word memo to the CEO of your selected
organization in which you discuss your findings from your ratio
calculations and your horizontal and vertical analysis. In your
memo, address the following questions:
What do the liquidity, profitability, and solvency ratios reveal
about the company’s financial position?
Which users may be interested in each type of ratio?
What does the collected data reveal about the company’s
performance and position?
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Discuss the objectives for Week Five. Your discussion should
include the topics you feel comfortable with, any topics you

struggled with, and how the weekly topics relate to application
in your field.
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ACC 291 Week 5 Wileyplus Assignment E7-3, E12-1, E12-8,
P12-9A, P12-10A, E13-3, E13-4, IFRS13-1, P13-2A (New)
· E7-3, E12-1, E12-8, P12-9A, P12-10A, E13-3, E13-4, IFRS13-1, P13-2A.
Exercise 7-3
Exercise 12-1
Exercise 12-8
Problem 12-9A
Problem 12-10A

Exercise 13-3
Exercise 13-4
International Financial Reporting Standards 13-1
Problem 13-2A
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