Case Study -AW-Q227 Online Services
Case Study 1 (Part A)
(Learning Objectives 4, 5, 6: Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions
|Gordon received $55,000 cash and issued common stock to the stockholders.|
|3||Purchased supplies, $3,000, and equipment, $5,200, on account.|
|4||Performed services for a client and received cash, $6,300.|
|7||Paid cash to acquire land, $37,000.|
|11||Performed services for a customer and billed the customer, $1,200. Johnson expects to collect within one month.|
|16||Paid partial for the equipment purchased June 3 on account $2,800.|
|17||Paid the telephone bill, $230.|
|18||Received partial payment from customer on account, $700.|
|22||Paid the water and electricity bills, $400.|
|29||Received $5,000 cash for repairing the pipes of a customer.|
|30||Paid employee salary, $4,300.|
|30||Declared and paid dividends of $3,000.|
- 1. Record each transaction in the journal. Key each transaction by date. Explanations are not required.
- 2. Post the transactions to the T-accounts, using transaction dates as posting references.
- 3. Prepare the trial balance of Gordon Construction, Inc., at June30, 20xx.
- 4. The manager asks you how much in total resources the business has to work with and, how much it owes.
Case Study 1 (Part B)
(Learning Objectives 3, 4: Adjust the accounts; construct the financial statements) Record the following month end adjusting entries for Gordon Construction, Inc. at June 30, 20xx
Month end accruals at June 30, 20xx
- a. Accrued advertising revenue at June 30, $3,100.
- b. Supplies used during June, $2,300.
- c. Accrued salary expense at June 30 for Monday, Tuesday, and Wednesday. The five-day weekly payroll is $6,100 and will be paid on Friday.
You can read more about our case study assignment help services here.
How it Works
How It works ?
Step 1:- Click on Submit your Assignment here or shown in left side corner of every page and fill the quotation form with all the details. In the comment section, please mention Case Id mentioned in end of every Q&A Page. You can also send us your details through our email id email@example.com with Case Id in the email body. Case Id is essential to locate your questions so please mentioned that in your email or submit your quotes form comment section.
Step 2:- While filling submit your quotes form please fill all details like deadline date, expected budget, topic , your comments in addition to Case Id . The date is asked to provide deadline.
Step 3:- Once we received your assignments through submit your quotes form or email, we will review the Questions and notify our price through our email id. Kindly ensure that our email id firstname.lastname@example.org and email@example.com must not go into your spam folders. We request you to provide your expected budget as it will help us in negotiating with our experts.
Step 4:- Once you agreed with our price, kindly pay by clicking on Pay Now and please ensure that while entering your credit card details for making payment, it must be done correctly and address should be your credit card billing address. You can also request for invoice to our live chat representatives.
Step 5:- Once we received the payment we will notify through our email and will deliver the Q&A solution through mail as per agreed upon deadline.
Step 6:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.
We use best scientific approach to solve case study as recommended and designed by best professors and experts in the World. The approach followed by our experts are given below:
The first step in solving any case study analysis is to define its problem carefully. In order to do this step, our experts read the case two three times so as to define problem carefully and accurately. This step acts as a base and help in building the structure in next steps.
The second step is to define structure to solve the case. Different cases has different requirements and so as the structure. Our experts understand this and follow student;s university guidelines to come out with best structure so that student will receive best mark for the same.
Research and Analysis
This is the most important step which actually defines the strength of any case analysis. In order to provide best case analysis, our experts not only refer case materials but also outside materials if required to come out with best analysis for the case.
Conclusion & Recommendations
A weak conclusion or recommendations spoil the entire case analysis. Our expert know this and always provide good chunks of volume for this part so that instructors will see the effort put by students in arriving at solution so as to provide best mark.
- Physics Assignment Help
- Chemistry Assignment Help
- Engineering Assignment Help
- Psychology Assignment Help
- Online exam Help
- Marketing Assignment Help
- Arts Assignment Help
- Sociology Assignment Help
- Project Management Assignment
- Case Study Help
- Nursing Assignment Help
- Research Assignment Help
- Operations Management Assignment help
- Accounting Assignment Help
- Biology Assignment Help
- Mathematics Assignment Help
- English Assignment Help
- Business Plan Help
- Essay Writing Help
- Human Resource Assignment Help
- Accounting Homework Help
- Computer Science Assignment Help
- Finance Assignment Help
- Economics Assignment Help
- Statistics Homework Help
- Management Assignment Help
- Strategy Management Assignment Help
- Auditing Assignment Help
- Information Management Assignment Help
- Online Assignment Writing help
- Humanities Assignment help
- Taxation Homework Help
- Corporate Finance Assignment Help
- Financial Management Assignment Help
Prepare adjusted trial balance for Gordon Construction at June 30, 20xx.
|ACCT504 – Case 1- Part B|
|Key each adjusting entry by letter in column i.|
|Gordon Construction, Inc.||When you plug in your adjustments below into columns j and k, the adjusted trial balance will change automatically.|
|Trial Balance Work Sheet|
|June 30, 2014||Adjusted|
|Trial Balance||Adjustments||Trial Balance|
CASE STUDY 3—Cash Budget Template
Wang Appliance Store
Collections from customers
Receipt of Interest
Total Available Cash
Budgeted Cash Payments
Purchases of inventory
Purchase of equipment
Purchase of Investments
Payment of Dividends
Payment of long-term Debt
Cash available (needed) before new financing –
Budgeted cash balance ending
Cash available for additional investments or (new financing needed)
Case Study 2
Due by Sunday of Week 5, 11:59 p.m., Mountain time
(Learning Objectives 2, 4: Explain the components of internal control; evaluate internal controls) Each of the following situations reveals an internal control weakness
Situation a. In evaluating the internal control over inventory for the Williams Oil Services Company, an auditor learns that the warehouse receiving clerk is responsible for ordering parts for supply inventory use in drilling services, counts the inventory when received at the dock, records the receipts into the inventory ledger, and takes the annual inventory, No supervisor reviews the receiving clerk’s work.
Situation b.Nicole Lopez handles employee travel and expense reports for Scott Sales Services. With the growth in the economy, the sales team began traveling extensively gaining new business. Because of the heavy volume, she no longer required the sales team to provide original airline, hotel, or car rental receipts. She told them to just keep their meals under the $100 per day per diem and no receipts were required. She allowed them to use their own credit cards so they could get the frequent flyer points. She required them to turn in a summary of the travel expenses quarterly.
Situation c. Michael Jordon is a new employee hired from Craig’s List recommended by a co-worker. Mike was hired as a Human Resource Assistant. Mike’s first day on the job he is told that he should follow his own judgments when deciding how employee issues such as hiring and firing of employees, sexual harassment, and ethical infractions should be handled.
Top of Form
- 1. Identify the missing internal control characteristic in each situation.
- 2. Identify each firm’s possible problem.
- 3. Propose a solution to the problem.
Bottom of Form
|Understanding||10||Demonstrate a strong grasp of the problem at hand. Demonstrate understanding of how the course concepts apply to the problem.|
|Analysis||30||Apply original thought to solving the business problem. Apply concepts from the course material correctly toward solving the business problem.|
|Execution||10||Write your answer clearly and succinctly using strong organization and proper grammar. Use citations correctly.|
|Total||50||A quality paper will meet or exceed all of the above requirements.|
Case Study 3
(Learning Objective 5: Construct and use a cash budget) Nathan Farmer, chief financial officer of Wang Appliance Store, is responsible for the company’s budgeting process. Farmer’s staff is preparing the Wang cash budget for 2014. A key input to the budgeting process is last year’s statement of cash flows, which follows (amounts in thousands)
Wang Appliance Store
Statement of Cash Flows
Cash Flows from Operating Activities
Collections from customers $51,000
Interest Received 500
Purchase of inventory (36,000)
Operating expenses (10,200)
Net cash provided by operating activities 5,300
Cash Flows from Investing Activities
Purchase of equipment (3,500)
Purchase of investments (500)
Sale of investments 1,000
Net cash used for investing activities (3,000)
Cash Flows from Financing Activities
Payment of long term debt (400)
Issuance of Stock 2,000
Payment of cash dividends (500)
Net cash provided by financing activities 1,100
Increase (decrease) in Cash 3,400
Cash, beginning of year 2,900
Cash, end of year6,300
- 1. Prepare the Wang cash budget for 2014. Date the budget simply “2014” and denote the beginning and ending cash balances as “beginning” and “ending.” Assume the company expects 2014 to be the same as 2013, but with the following changes
- a. In 2014, the company expects a 20% increase in collections from customers and a 30% increase in purchases of inventory.
- b. There will be no sales of investments in 2014.
- c. Wang does not plan to issue stock in 2014.
- d. Wang plans to end the year with a cash balance of $5,550.
Product Code-Case Study-AW-Q227
Looking for best Case Study-AW-Q227 online ,please click here