ACC 225
Axia College of University of Phoenix (UoP)
Financial Accounting
Larson, K. D., Wild, J. J., & Chiappetta B. (2005). Fundamental accounting principles (17th ed.)
ACC 225 Week 4 Solution
CheckPoint: Preparing Balance Sheets and Statements
• Resource: Fundamental Accounting Principles, pp. 156 and 159
• Due Date: Day 4 [Individual] forum
• Complete Quick Study question QS 4-2 on p. 156 and Exercises 4-4 and 4-5 on p. 159.
• Post your answers as an attachment.
Click here for the SOLUTION
Assignment: Preparing Entries and Statements
• Resources: Fundamental Accounting Principles, pp. 165-167
• Due Date: Day 7 [Individual] forum
• Complete Problems 4-5A and 4-6A. When responding to the analysis component of 4-5A, be sure to think critically about the possible errors that are described. In your answer, be sure to carefully analyze the worksheet as if the errors were made and present the evidence for your explanation. Identify the consequences of the errors and describe their impact on the financial statements. Explain whether the error is likely to be discovered when completing the worksheet.
• Post your answers as an attachment.
Click here for the SOLUTION
