Phil

* Documents used: customer order, sales order, shipping document, sales invoice, sales journal, remittance advice, bank deposit list, cash receipts jornal, credit memo, sales return and allowance journal, uncollectable account authorization form, a/r master file, a/r trail balance, monthly statement

f) To evaluate the material misstatement in the accounts, I think both of the consolidated income statement and the three financial statements are useful. We need to use the information properly from all the financial statements. However the consolidated income statement is the most useful one. If there is a significant change in an account balance comparing with preceding two years, the auditor will examine whether there a material misstatement exists. For instance, the bad debt expense as a percent of net sales in 2011, 2010 and 2009 are 0.56%, 0.70% and 0.69%, respectively. There should

a. According to the bank statement, how many checks were written from this account during the statement period? (0.5 points)

4. What is the amount that was credited to Group Insurance Premiums Collected (account number 27) during this period?

Les Pulaski, the supervisor of a new division of Innovation Corporation, received annual bonus based upon the number of sales that exceeds the breakeven point of the company (Crosson & Needles, 2014). She was given bonus for the mentioned year as well. But, a review of the sales for that year confirmed that 7,500 units were returned by the customer to the company. These returned were included when calculating her bonus. Researching further into this situation, she found out that the returned products were labeled as overhead expense and the cost for the 7,500 units were charged to the overhead account (Crosson & Needles, 2014). Due to this accounting error, it appeared that the sales of the product exceeded the breakeven point

(g) Prepare the income statement and a retained earnings statement for July and a classified

Line item 790 "Contingency" requires an increased by $50K to cover all the remaining expenses for the next 3 months. There have been many request due to budget overspends. In the following year (2017), we will investigate a different approach into the Office supplies purchases. However for the remainder of 2016 we need to ensure that the accounts are not block due to lack of

If the line costs were originally recorded as expense, the correcting journal entry would be a credit to the expense and a debit towards an asset account:

a. According to the bank statement, how many checks were written from this account during the statement period? (0.5 points)

The accrued revenue is concerned only when received in cash, taxable profit will be $10 000 lower than accounting profit so that there is $3 000 tax being unpaid with a 30% tax rate in 2014. In 2015, the tax expense for revenue receiving leads to a taxable profit that is $10 000 higher than the accounting profit. This tax expense increase the tax expense in 2015 by $3 000 despite the transaction occurred in the prior period. In conclusion, it is of great significance that AASB 112 makes requirements for recording of transactions or other events in the proper period.

I don't think Phil gets angry very much at Dan, I mean he gets annoyed and all and Dan apologizes and pecks him on the cheek and whenever he gets just normal mad instead of yelling he goes to his room to calm down and cool off and when he's ready he goes and talks about the problem. Dan can sense when Phil is annoyed or just kind of mad and apologizes and kisses him and thinks it all goes away. But, when Phil gets really angry, so angry he can't control himself like that anymore, he will start shouting at him and roaring and Dan will go pale because this doesn't happen often but he just knows what is gonna happen to him next, and when Phil's done Dan will just drop to his knees and beg for forgiveness because he knows he screwed up. Phil will

Tax laws concerning the miscellaneous income and expense accounts now require a detailed breakdown of each of these accounts. In order to comply, it is ABSOLUTELY NECESSARY that the proper steps are taken at the chapter level. All miscellaneous transactions must be properly recorded by using understandable descriptions.

Everyone is looking to get something out of life. Phil wants to get stardom out of life; he wants, like most people, to become someone that people look up to, but he does not realize that people do not always look up to weather reporters. Phil is also very rude and centered on himself. Every time he talks he points to how great he is. He also needs other people to fail so that he looks good. His sense of success is based externally on how good he is compared to others.

These costs are recorded in ledger accounts throughout the year and are then shown in the final trial balance before the preparing of the manufacturing statement

Dan wasn 't 100% sure of the exact moment he 'd fallen in love with his best friend, but he was certainly aware of the moment realisation struck that this was the case. It was like a thousand ton of bricks (somehow) cascaded from the sky, hit him all at once and finally placed his thoughts together. Thoughts that had been so jumbled up and discarded, so shunned and rejected, so confused and hopeless – that he 'd forgotten he even owned them up until this point. Thinking about it, it was inevitable that Dan would fall for Phil – he 'd idolised him in his younger years, he turned to him in times of pain or stress – Phil was his escape from the crappy reality of his life. Then, suddenly, Phil wanted to be in his life as much as he wanted to be in Phil 's, he made Dan feel wanted and of value, which was foreign to him. He was sweet and comforting and hilarious and so unconditionally kind to everyone he came across, how couldn 't Dan be head over heels for him?