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UOP ACC 290 Entire Class

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Question 1 In its first month of operation, Kuhlman Company purchased 310 units of inventory for $5, then 410 units for $6, and finally 350 units for $7. At the end of the month, 380 units remained. Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO.

ACC 290 Week 5 WileyPLUS - 100% Correct

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Question 1 Mike Greenberg opened Clean Window Washing Inc. on July 1, 2014. During July, the following transactions were completed. July 1 Issued 12,023 shares of common stock for $12,023 cash. 1 Purchased used truck for $8,023, paying $2,050 cash and the balance on account. 3 Purchased cleaning supplies for $917 on account. 5 Paid $2,280 cash on a 1-year insurance policy effective July 1.

ACC 290 Week 4 WileyPLUS - 100% Correct

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Question 1 Ken Lumas started his own consulting firm, Lumas Consulting, on June 1, 2014. The trial balance at June 30 is as follows. LUMAS CONSULTING Trial Balance June 30, 2014

ACC 290 Week 3 WileyPLUS - 100% Correct

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Question 1 Foyle Architects incorporated as licensed architects on April 1, 2014. During the first month of the operation of the business, these events and transactions occurred: Apr. 1 Stockholders invested $22,450 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $468 per week, payable monthly. 2 Paid office rent for the month $1,122. 3 Purchased architectural supplies on account from Burlington Company $1,621.

ACC 290 Week 2 WileyPLUS - 100% Correct

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Question 1 Marsh Corporation began operations on January 1, 2014. The following information is available for Marsh Corporation on December 31, 2014. Accounts payable $ 7,580 Notes payable $ 12,160 Accounts receivable 4,580 Rent expense 12,580 Advertising expense 4,320 Retained earnings ? Cash 5,680 Service revenue 30,160 Common stock 17,580 Supplies 4,480 Dividends 5,080 Supplies expense 1,380 Equipment 29,380

ACC 290 Week 1 WileyPLUS - 100% Correct

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ACC 290 NEW - WileyPLUS and Final (100% Correct)

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Question 1 Jackson Company recorded the following cash transactions for the year: Paid $135,000 for salaries. Paid $60,000 to purchase office equipment. Paid $15,000 for utilities. Paid $6,000 in dividends. Collected $245,000 from customers.

ACC 290 Final Exam NEW - 100% Correct

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