ACC 225 WEEK 5 COMPLETE WORK

ACC 225 WEEK 5 COMPLETE WORK

Week 5:

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CheckPoint: Inventory Systems and Calculating Revenues, Expenses, and Income

Resource: Fundamental Accounting Principles, pp. 206, 208, and 209.

Due Date: Day 5 [Individual] forum· Complete Quick Study question QS 5-8 on p. 206 and Exercises 5-9 and 5-13 on pp.208-209.

Post your answers as an attachment.

Discussion Question 1

Due Date: Day 2 [Main] forum·

Post your response to the following: Find the financial statements of a service companyand of a merchandising company: http://highered.mcgrawhill.com/sites/0072512431/student_view0/chapter1/text_company_links.htmlWhat items appear on the merchandising company statements that don’t appear on theservice company statements? Why is there a difference?

Discussion Question 2

Due Date: Day 4 [Main] forum· Post your response to the following: Read the BTN5-3 Ethics Challenge on p. 218 of thetext. Discuss the ethics of what Amy is doing. Are there any consequences to heractions? How does the store account for Amy’s returns?