question stated that when a Trial Balance balances‚ it means the accounts are free of errors. I disagree with the statement. There may still be errors even if the trial balance is balances. There are six types of errors. The first type of error is the “error of omission” and the word omission mean left out. Its mean that a transaction is not recorded in the books of original entry‚ which mean both the debit and credit effects of the transaction are not shown in the Trial Balance. For example‚ a transaction
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only at the end of the year. The accountant has resigned and Lerriuqs has hired you to help with the business’s December transactions and preparation of Financial Statements. The following is the company’s unadjusted trial balance as at December 1‚ 2013. AWREE NATCACNOTUS INC TRIAL BALANCE DECEMBER 1‚ 2013 DEBIT CREDIT Bank 437‚000 Petty Cash 10‚000 Short-term
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3-1 THE ACCOUNTING INFORMATION SYSTEM 3-2 Financial Accounting‚ Seventh Edition 3 Accounting Accounting Transactions Transactions Event (1). On October 1‚ cash of $10‚000 is invested in Sierra Corporation by investors in exchange for $10‚000 of common stock. 1. +10‚000 3-3 +10‚000 LO 1 Analyze the effect of business transactions on the basic accounting equation. Accounting Accounting Transactions Transactions Event (2). On October 1‚ Sierra borrowed $5‚000 from Castle Bank by signing
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1. Use the Internet to find an online job posting. Try using a site like careerbuilder.com or monster.com. Then complete the items below. a. List the link to the posting. (1.0 point) http://jobview.monster.com/Police-Officer-Job-Spartanburg-SC-115417463.aspx b. List at least two requirements of the job. Complete sentences are not necessary. (2.0 points) Applicants must be a US Citizen at least 21 years of age‚ Must currently or within 6 months of hire‚ live within
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Explain the process of closing the books. 3. Describe the content and purpose of a post-closing trial balance. 4. State the required steps in the accounting cycle. 5. Explain the approaches to preparing correcting entries. 6. Identify the sections of a classified balance sheet. Worksheet- a multiple-column form that may be used in the adjustment process and in preparing financial statements. *It is not a permanent accounting record; it is neither a journal or a
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Payable 800 Cash 800 ______ 12. Accounts Receivable 600 Service Fees Earned 600 PROBLEM 3-2C Gary Company follows the practice of recording prepaid expenses and unearned revenues in balance sheet accounts. Gary’s annual
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Research Domains | Social Network‚ Communication Theory | | ResearchFoci/Parameters | Instagram‚ Uses and Gratification Theory‚ Technology Acceptance Model‚ Uses of Social Media‚ Motives of the Users | | | | Project Title: | The Phenomenon of Posting Pictures in Instagram | Research Journals /Articles/BooksReviewed | Ancu‚ M.(2012). Older Adults on Facebook: A Survey Examination of Motives and Use of Social Networking by People 50 and older. The Florida Communication JournalAyyad
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Trident University International Module 1: Session Long Project ACC 501: Accounting for Decision Making 23 November 2012 Session Long Project Pickett Company Working Trial Balance 31-Dec-12 Accounts Debit (-) Credit (+) Accounts payable $14‚500.00 Accounts receivable $28‚000.00 Cash $46‚500.00 Common stock $10‚000.00 Depreciation expense $18‚250.00 Cost of goods sold $402‚610.00 Equipment (net of depreciation)
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Preparing for the Future We have all memorized Mr. Nicholson’s annual speech telling us how important it is to focus in school. That focus will certainly help in preparing a competitive admission package as colleges look at many criteria when admitting students. The college application process takes into account your classes taken‚ the level of class difficulty‚ the grade awarded in the class‚ SAT scores‚ and very importantly‚ participation in extracurricular activities. As I listed out the
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2015 04 25 PSY240: Introduction to Abnormal Psychology Course Instructor: Shauna C. Kushner‚ Ph.D. Postdoctoral Fellow May 12‚ 2015 Overview Introduction Syllabus Review Today’s lecture Abnormal Psychology and its Classification Historical Context Contemporary Theories 2 Classification of Abnormality 1 2015 04 25 What Is Normal and Abnormal? 4 Definitions of “Abnormal” 1. 2. 3. 4. Statistical Definition Personal Distress Personal Dysfunction Violation of Norms 5 1. Statistical Definition
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