Required
1. Prepare a schedule having the following column headings: Land, Building 2, Building 3, Land Improvements 1, and Land Improvements 2. Allocate the costs incurred by Kornet to the appropriate columns and total each column.
2. Prepare a single journal entry dated March 31, 2014, to record all the incurred costs, assuming they were paid in cash on that date.
Requirements
1. Calculate the interest expense that Aqua Elite, Inc. should accrue as of December 31, 2014.
2. Prepare the balance sheet presentation for all long-term debt indicating the portion that should be classified as current and the portion that should be classified as long-term.
Required:
Describe what you think are the weaknesses in the internal controls in the scenario and explain the implications of the weaknesses:
Required:
Prepare an adjusted trial balance at December 31, 2012. List the accounts in the following order: assets, liabilities, shareholders equity, revenues, and expenses. How did you determine the amount for retained earnings (deficit)?
For this project, you will write a Java program that demonstrates exception handling. Your program will accept from the user ten values and place those numbers in an array. The numbers in the array will be added together and the result displayed to the user. The program will also perform division. The program should compare the values for elements 1 and 2 in the array and divide the larger number by the smaller number. It should compare the values for all odd/even elements and divide the larger by the smaller value. The program should use exception handling to avoid division by zero errors or out of range errors (dictated by the variable’s data type) which would cause the program to stop due to the error. The program should prompt the user for a second set of ten numbers. When the user enters 9999 the program should terminate normally. For this project, do the following:
This assignment will also be assessed using additional criteria provided here.
| Grading Criteria | |
|
Project Creation
|
20% |
|
User Input and Calculation
|
30% |
|
Exception Handling
|
30% |
|
Source Code Mechanics
|
20% |
Adjustment data at December 31 follow:
a. On December 15, Alston contracted to perform services for a client receiving $2,600 in advance. Alston recorded this receipt of cash as Unearned Revenue.
As of December 31, Alston has completed $ 1,200 of the services.
b. Alston prepaid two months of rent on December 1.
c. Alston used $650 of office supplies during the month.
d. Depreciation for the equipment is $500.
e. Alston received a bill for Decembers online advertising, $600. Alston will not pay the bill until January. (Use Accounts Payable.)
f. Alston pays its employees weekly on Monday for the previous week wages. Its employees earn $5,500 for a five-day workweek. December 31 falls on Wednesday this year.
g. On October 1, Alston agreed to provide a four-month air system check (beginning October 1) for a customer for $2,800. Alston has completed the system check every month, but payment has not yet been received and no entries have been made.
Requirements
1. Journalize the adjusting entries on December 31.
2. Using the unadjusted trial balance, open the T-accounts with the unadjusted balances. Post the adjusting entries to the T-accounts.
3. Prepare the adjusted trial balance.
4. How will Alston Air Purification System use the adjusted trial balance?
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