Module 1_ Mastery Exercise_ 23WB-ACT450-1

Sample Exercise open EA8. Supplies were purchased on January 1, to be used throughout the year, in the amount of $8,500. On December 31, a physical count revealed that the remaining supplies totaled $1,200. There was no beginning of the year balance in the Supplies account. Based on the information provided: A. Create journal entries for the original transaction B. Create journal entries for the December 31 adjustment needed to bring the balances to correct C. Show the activity, with ending balance F9 F10 F11 F12 PrtSc Pause Home Ins Del SysRq Break

Auditing  Question 3 Your audit firm has an advertising policy that any audit process will not take more than 20 days for any client. You start reviewing the audit files of your client ALB plc which you audit for eight years and you find the following notes. • The audit team included a manager who owns 1% of the ALB’s shares. The executive partner believes that the 1% is too small and it will not affect the manager experience. • Your firm offered this client a bookkeeping service for this year. • One of the audit team received a high salary offer to be appointed in the client’s internal audit department as a head of department. • The finance director was recently working as an auditor in your audit firm. • ALB plc intends to increase its capital by issuing more shares in the stock market and the financial manager is asking your firm to manage this process. Required: Identify and explain FIVE ethical threats which arise from the above actions and for each ethical threat explain the…

Make a note of any responses entered on this page in the last few minutes, then try to re-connect. Once connection has been re-established, your responses should be saved and this message will disappear. 020114022 AAUP - JENIN) y courses / AUDITING AND ASSURANCE SERVICES Section1 Lecture (20202 020114022 AAUP JENIN) / 10 July Time left 0: Determine the type of evidence we can get from this audit procedure. Calculate the ratio of cost of goods sold to sales as a test of overall reasonableness of gross margin relative the preceding year. O a. Analytical procedure O b. Confirmation Oc. Physicals examination O d. Inspection

14-Muscat audit firm is conducting audit for Suhail Bahwan Group since 15 days.  Muscat audit firm needs more time to continue the audit because of the size and profile of Bahwan group. The audit firm extended their audit for another 5 days. At the end of audit, the auditors discussed few things in an exit meeting, except:      a-Their questions and concerns          b-Corrective action plans for the audit issues identified       c-Audit results with the management      d-The new processes and documentation

plz solve it within 30-40 mins I'll give you multiple upvote

Accounting & Finance - Auditing  Question 6: Your audit firm has an advertising policy that any audit process will not take more than 20 days for any client. You start reviewing the audit files of your client ALB plc which you audit for eight years and you find the following notes. The audit team included a manager who owns 1% of the ALB’s shares. The executive partner believes that the 1% is too small and it will not affect the manager experience. Your firm offered this client a bookkeeping service for this year. One of the audit team received a high salary offer to be appointed in the client’s internal audit department as a head of department. The finance director was recently working as an auditor in your audit firm. ALB plc intends to increase its capital by issuing more shares in the stock market and the financial manager is asking your firm to manage this process.  Required:  Identify and explain FIVE ethical threats which arise from the above actions and for each…

View History Bookmarks Window Help about:blank Educo Content Framework Consider a company that. Lesson 9.2 Practice Mod. uiz i Saved Help Save & Exit MC Qu. 8-76 Libre, Inc. has experienced bad debt... Libre, Inc. has experienced bad debt losses of 4% of credit sales in prior periods. At the end of the year, the balance of Accounts Receivable is $100,000 and the Allowance for Doubtful Accounts has an unadjusted credit balance of $500. Net credit sales during the year were $150,000. Using the percentage of credit sales method, what is the estimated Bad Debt Expense for the year? Multiple Choice $4,000 $6,000 25 étv S A MacBook 80 000 000 F10 F8 F9 F6 F7 F4 F5 F3 70 7 8.

Calvin brooke makes a

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

KINDLY ANSWER THE TRUE OR FALSE PART NUMBER 4 AND 5. THANK YOU!

BACOLOD CORP

Microsoft Teams Edit View Window Help Fri Feb 11 10:35:19 Search 2 AAP-Final-Exam-LPU.pdf Close Activity Chat 11) An auditor's engagement letter most likely will include A. A request for permission to contact the client's lawyer for assistance in identifying litigation, claims, and assessments. B. A reminder that management is responsible for illegal acts committed by employees. C. The auditor's preliminary assessment of the risk factors relating to misstatements arising from fraudulent financial reporting. D. Management's acknowledgment of its responsibility for such internal control as it determines is necessary to enable the preparation of financial statements that are free from material misstatement. Teams 12) Early appointment of the independent auditor will enable A. A more thorough examination to be performed. B. A proper study and evaluation of internal control to be performed. C. Sufficient competent evidential matter to be obtained. D. A more efficient examination to be…

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Please Introduction and show work and please I humble request to no plagiarism please

For A only please

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Marked out of 1.00 P Flag question Question 15 Which one of the following statement is TRUE as per ISA 300? Answer saved Marked out of The audit plan is more detailed than the overall audit strategy that includes the nature, timing and extent of audit procedures to be performed by engagement team members. The audit plan is more detailed than the overall audit strategy that excludes the nature, timing and extent of audit procedures to be performed by engagement team members. The audit plan is not more detailed than the overall audit strategy that includes the nature, timing and extent of audit procedures to be performed by engagement team members. The audit plan is competitively less detailed than the overall audit strategy that includes the nature, timing and extent of audit procedures to be performed by engagement team memb Next page Previous page

Note:- • Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. • Answer completely. • You will get up vote for sure.

Q: Applied with audit risk model for planning Identify and explain SIX audit risks that exist in the audit of Hope-well Limited?

sd subject-Accounting

Course Name: Auditing (Accounting) Write a concise answer between 500 to 550 words for each question. 3. The form and content of the audit engagement letter may vary for each company. Write a sample audit engagement letter and highlight the key areas .

Question 4 You are the senior in charge of the audit of Jewels Manufacturing Limited. The information below has been prepared to assess the going concern of the company at the planning stage of the audit and to identify other issues that may impact on audit risk. Ratio Unaudited 2019 2018 2017 2020 figures Inventory 1.45 1.83 2.69 3.35 turnover Quick asset 0.97 1.4 1.81 1.8 ratio 5.5 4.1 5.4 Accounts 3.8 D. Focus. 32°C Haze

Task #1 – The Audit Work paper Purpose: To ascertain whether service revenue recognized during December, year 7, is complete and accurate in all material respects in relation to the financial statements taken as a whole As needed, prepare the required adjusting entry in good form (showing debits and credits) for each tick-mark Client:­ Griffin, Inc. Prepared by: Staff Accountant J - 1/24/2008 Service Revenue December 31, 2007 Reviewed by: Senior Auditor K - 2/2/2008 Date Customer Amount ($) Tick-marks 12/2 Slate Co. 22,000 A 12/4 Crater, Inc. 63,500 A 12/15 Globe, Inc. 50,000 C 12/16 Ash Corp. 48,750 A 12/17 Valley, LLP 32,500 X 12/23 Magnolia Corp. 22,750 X 12/27 Marble Co. 55,500 E 12/28 Delta, LLP 95,000 A 12/30 Chestnut, Inc. 75,000 B 12/30 Honeycomb Corp. 43,000 D 12/31 Globe, Inc. 75,400 A  Total $ 583,400 F G/L   Explanation of…

Task #1 – The Audit Work paper Purpose: To ascertain whether service revenue recognized during December, year 7, is complete and accurate in all material respects in relation to the financial statements taken as a whole As needed, prepare the required adjusting entry in good form (showing debits and credits) for each tick-mark Client:­ Griffin, Inc. Prepared by: Staff Accountant J - 1/24/2008 Service Revenue December 31, 2007 Reviewed by: Senior Auditor K - 2/2/2008 Date Customer Amount ($) Tick-marks 12/2 Slate Co. 22,000 A 12/4 Crater, Inc. 63,500 A 12/15 Globe, Inc. 50,000 C 12/16 Ash Corp. 48,750 A 12/17 Valley, LLP 32,500 X 12/23 Magnolia Corp. 22,750 X 12/27 Marble Co. 55,500 E 12/28 Delta, LLP 95,000 A 12/30 Chestnut, Inc. 75,000 B 12/30 Honeycomb Corp. 43,000 D 12/31 Globe, Inc. 75,400 A  Total $ 583,400 F G/L   Explanation of…

View Policies Current Attempt in Progress Vaughn Bikes Ltd. reports cash sales of $6,600 on October 1. (a) Record the sales assuming they are subject to 13% HST. (b) Record the sales assuming they are subject to 5% GST and 9.975% QST. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Round answers to 0 decimal places, e.g. 5,275.) No. Date Account Titles and Explanation Debit Credit (a) Oct. 1 (b) Oct. 1 eTextbook and Media List of Accounts

PLEASE ANSWER ASAP Problem No. 3 You are auditing the accounts receivable and the related allowance for bad debts account of AACA Company. The following data are available: General Ledger Accounts Receivable 2022           Dec. 31   381,600         Allowance for Bad Debts 2022     2022     Jul. 31 GJ Write-off 7,200 Jan. 1 Balance 9,000       Dec. 31 GJ - Provision 21,600   Summary of Aging Schedule The summary of the subsidiary ledger balances as of December 31, 2022, is shown below:         Debit balances   Under one month P 162,000     One to six months 165,600     Over six months     68,400       P 396,000           Credit balances   Mark Co. P  3,600 OK; additional billing in Jan. 2023   Lady Co. 6,300 Should have been credited to Ivan Co.*         8,100 Advance on a sales contract     P 18,000     *Account is in “one to six months” classification. The…

emaining Time: 1 hour, 16 minutes, 34 seconds. Question Completion Status: QUESTION 1 The requirements for mora creditoris(default of the creditor) include the following O a. creditor fails to accept proper performance b. the debt must be due O C. the debtor fails to perform on time O d. the delay in accepting performance is due to the fault of the creditor or persons for whose actions he is responsible O e. the delay is due to the fault of the debtor or persons for whose actions he is responsible Of. the debtor must tender proper performance g. b. c and e h. a, b, d and f QUESTION 2 A party to a contract who makes it impossible for performance to take place, commits the following form of breach of contract a. Mora creditoris/default of the creditor b. positive malperformance C. rendering performance impossible/prevention of performance

APRIL 15 LECTURE SEC 4.1-4.4 Trigonometry - Bb Coll Return to Blackboard IS Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Help | System Announcements CALCULATOR PRI Exercise 8-07 Your answer is partially correct. Try again. Lily Company established a petty cash fund on May 1, cashing a check for $115. The company reimbursed the fund on June 1 and July 1 with the following results. June 1: Cash in fund $3.00. Receipts: delivery expense $28.15, postage expense $36.30, and miscellaneous expense $44.70. July 1: Cash in fund $4.05. Receipts: delivery expense $23.90, entertainment expense $50.70, and miscellaneous expense $36.35. On July 10, Lily increased the fund from $115 to $145.00. Prepare journal entries for Lily Company for May 1, June 1, July 1, and July 10. (Credit account titles are automatically indented when amount is entered. Do n answers to 2 decimal places, e.g. 52.75. Record journal entries in the order presented in the…