Closing Entries

It is the last day of the month and fiscal year, your manager asks you to create an invoice for $10,000 (debiting Accounts Receivable and Crediting Sales) and send it to a specified customer. Normally invoices are sent to customers when products have been shipped or the service has been finished. You manager tells you … Read more

Tax Return Project

Prepare the Burns’ 2021 federal tax return.  They have asked you to minimize their tax liability to the extent legally possible.  Round numbers to the nearest dollar.   Clearly state any assumptions make in completing the tax return.  Include any supporting schedules.  The following 2021 tax forms are required: • Form 1040: U.S. Individual Income … Read more

Measurement Issues

Objectives Recognize the alternatives available for accounting measurement. Understand the trade-offs in the measurement alternatives. Assignment: In your own words, explain how inflation impacts the reliability of financial statements in 2- 3 pages. What do you think is the best way to address this issue? Support your answer with a well reasoned and supported argument. … Read more

ACCT614 U5IP

Deliverable Length:   5–7 slides (+ title and reference slides); Speaker notes of 150–200 words per slide Respond to the scenario below with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas.  Eddison Electronic Company (EEC) provides electricity for several states in the United States. You have been employed … Read more

Group Assignment-Health Care Facilities and Services

We are Team of 3 each individual is given with one health Care company. I am assigned with Quest Diagnostics.(DGX-Stock Symbol).I need to answer for Quest Diagnostics for the following Questions.Please see attachments for income statement,Balance sheet,cash flow,Growth table,Financial Health and operating efficiency report for reference for quest diagnostics-Please see answers reported by another member … Read more

SPT 512 – Milestone Three

This is a group activity. For more information on groups, please see About Group Work.Finalize and post information for Milestone Three here. Submit as a Word document. You will continue in this document as you make progress toward completing the final project. Continue drafting the Word Document here. The assignment is due in Module Ten. Milestone … Read more