ACC 422 Final Exam Guide (New 2017, With EXCEL FILE,
Score 29 30)
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change in values Brief Exercise 7-1 Brief Exercise 7-7 Brief Exercise 7-
14 Brief Exercise 7-15 Brief Exercise 8-4 (Part Level Submission) Brief
Exercise 8-5 Brief Exercise 8-6 Multiple Choice Question 21 Question
14 Brief Exercise 9-4 Exercise 9-4 Brief Exercise 10-6 Brief Exercise
10-8 Exercise 10-1 Question 9 Brief Exercise 11-8 Brief Exercise 12-2
Brief Exercise 12-8 Exercise 12-3 Brief Exercise 13-2 Brief Exercise
13-5 Brief Exercise 13-10 Brief Exercise 13-13 Brief Exercise 14-3
Brief Exercise 14-12 Brief Exercise 14-14 Brief Exercise 21-11 Exercise
21-1 Multiple Choice Question 99 Multiple Choice Question 70 Brief
Exercise 7-1 Your answer is correct. Vaughn Enterprises owns the
following assets at December 31, 2017. Cash in bank—savings account
69,000
Checking account balance 17,600 Cash on hand 9,030
Postdated checks
770 Cash refund due from IRS 35,600
Certificates of deposit (180-day) 94,570 What amount should be
reported as cash? Brief Exercise 7-7 Larkspur Family Importers sold
goods to Tung Decorators for $40,800 on November 1, 2017, accepting
Tung’s $40,800, 6-month, 6% note. Prepare Larkspur’s November 1
entry, December 31 annual adjusting entry, and May 1 entry for the
collection of the note and interest. Brief Exercise 7-14 Recent financial
statements of General Mills, Inc. report net sales of $12,442,000,000.
Accounts receivable are $912,000,000 at the beginning of the year and
$953,000,000 at the end of the year. Brief Exercise 7-15 Indigo
Company designated Jill Holland as petty cash custodian and established
a petty cash fund of $290. The fund is reimbursed when the cash in the
fund is at $26, which it is. Petty cash receipts indicate funds were