ACC 421 Experience Tradition / tutorialrank.com ACC 421 Experience Tradition / tutorialrank.com | Page 12

E3-14( Closing Entries) Presented below is information related to Gonzales Corporation for the month ofJanuary 2014.

P3-11( Cash and Accrual Basis) On January 1, 2014, Norma Smith and Grant Wood formed a computer sales and service company in Soapsville, Arkansas, by investing $ 90,000 cash. The new company, Arkansas Sales and Service, has the following transactions during January.

Identify the items in the cash-basis financial statements that make cash-basis accounting inconsistent with the theory underlying the elements of financial statements.

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ACC 421 Week 3 Individual Wileyplus Assignment E5-5, E5-

12, E5-15, E24-2, E24-5

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ACC 421 Week 3 Answers

· Week 3 Solutions to E5-5, E5-12, E5-15, E24-2, E24-5

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ACC 421 Week 3 Team Assignment P4-4, P18-2, P18-8

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