Accounting General Journal Discussion Assignment Essay
Order ID:89JHGSJE83839 Style:APA/MLA/Harvard/Chicago Pages:5-10 Instructions:
Accounting General Journal Discussion Assignment Essay
Answer the following application and essay questions. Show all Calculations. All statements made must be supported by facts, figures, and citations require Harvard referencing style.
Question 1
Briefly explain the income tax advantage of raising capital by issuing bonds rather than by selling capital stock.
Question 2
Attooh Company borrowed $14,000 on a one-year, 8 percent note payable from the local bank on April 1. Interest was paid quarterly, and the note was repaid one year from the time the money was borrowed. Calculate the amount of cash payments Attooh was required to make in each of the two calendar years that were affected by the note payable.
Question 3
State whether the below is an asset, liability, stockholders’ equity, revenue, or expense
Cash (received from the issuance of capital stock).
Organization Costs.
Preferred Stock.
Retained Earnings.
Additional Paid-in Capital.
Income Taxes Payable.
Question 4
Define Earnings per share, explain what Earnings per share tell you and why is it important to look at earnings per share? And What is the ratio (Formula) for earning per share?
Question 5
Define and explain straight-line depreciation and define and explain the double declining depreciation method.
Question 6
BlueSky, purchased a building for $600,000. Straight-line depreciation was used for each of the first two years using the following assumptions: 25-year estimated useful life, with a residual value of $100,000
Calculate the annual depreciation for the first two years that BlueSky owned the building. (Only do the straight line depreciation method here).
Question 7
Enter the following transactions in the two-column journal provided for DWR. You may omit explanations.
Mar 3 Purchased auto cleaning supplies from Rupert Suppliers for $750 on account
Mar. 5 Collected an account receivable of $525 from a customer, Sleek Kitchens.
purchased in February.
Mar 6 Paid $275 in partial payment of an account payable to Builders for equipment purchased in February.
Mar 8 Issued capital stock in exchange for $5,600 cash.
Mar 10 Purchased office equipment from PNA for $3,700; paid $1,700 cash and issued a note
payable due in 90 days for the balance.
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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Accounting General Journal Discussion Assignment Essay