ACCT 201 SEU Fundamental & Enhancing Qualities Characteristics Discussion

I’m working on a Accounting multi-part question and need an explanation to help me learn.

Don't use plagiarized sources. Get Your Custom Essay on
ACCT 201 SEU Fundamental & Enhancing Qualities Characteristics Discussion
Just from $13/Page
Order Essay

Q1. Differentiate between fundamental qualities and enhancing qualities for qualitative characteristics of financial information, give examples.

Q2. Both the unadjusted trial balance and adjusted trial balance for Smith Corporation on December 31, 2013, are listed below:

Smith Corporation

Trial Balance

December 31, 2013

Unadjusted

Adjusted

Debit

Credit

Debit

Credit

Cash

Accounts Receivables

Supplies

Prepaid Insurance

Land

Vehicles

Accumulated Depreciation-Vehicles

Notes Payable

Wages Payable

Common Stock

Dividends

Revenue

Wages Expense

Utilities Expense

Insurance Expense

Rent Expense

Depreciation Expense

Supplies Expense

8,000

19,000

6,000

10,000

13,000

20,000

4,000

12,000

4,000

0

4,000

0

0

4,000

13,000

0

46,000

37,000

8,000

21,000

5,000

6,000

13,000

20,000

4,000

13,000

4,000

4,000

4,000

1,000

1,000

5,000

13,000

1,000

46,000

39,000

100,000

100,000

104,000

104,000

Required: Prepare the five adjusting entries required at December 31, 2013.

Q3. From the following information of NaNo Company prepare a multi-step income statement For the Year Ended December 31, 2019

Sales $137,460

Sales Returns $2,060

Sales Discounts $5,190

Cost of Goods Sold $62,990

Freight-Out $6,150

Advertising Expense $5,790

Sales Commissions Expense $3,470

Office Salaries Expense $18,510

Office Rent Expense $14,000

Office Supplies Expense $5,330

Gains on Sale Equipment $2,430

Loss on Sales of Investments $1,640

Interest Expense $930

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with AssignmentsPros
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Technology
Life Saver!!!!
Customer 452443, February 6th, 2021
Psychology
Thank you!!!
Customer 452443, August 2nd, 2021
Literature
YES! Thanks a lot!!!
Customer 452443, January 31st, 2021
Art (Fine arts, Performing arts)
Thank you.
Customer 452453, March 13th, 2021
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
Live Chat+1 (985) 289-4677WhatsApp

Order your essay today and save 30% with the discount code ESSAYHELP