Question 1

Payton Company has the following segment revenues for the two most recent fiscal years.​​  Prepare a vertical analysis of the segment data.Round to one decimal place.​

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Question 2

Explain whether each of the following would usually be used in a computerized accounting system and why or why not.1.Special journals2.Accounts receivable control accounts3.Electronic invoice form4.Month-end postings to the general ledger

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Question 3

The posting references in the following revenue journal are indicated by letters.Identify each posting reference [
(a)through 
(h)] as representing 
(1)a posting to a general ledger account,
(2)a posting to a subsidiary ledger account,or 
(3)that no posting is required.

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Question 4

What is a business segment? How can business segments be analyzed?

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Question 5

Identify the three main advantages of a computerized accounting system over a manual accounting system.

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Question 6

Define the meaning of the terms B2C and B2B as they relate to e-commerce.

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Question 7

Read each transaction and identify the journal in which the transaction should be recorded.
1.Recorded adjusting journal entry for accrued interest
2.Performed advising services on account
3.Purchased office supplies on account
4.Borrowed money for expansion project
5.Received $500 from Tool Tech.on account
6.Owner withdrew cash for personal use
7.Paid monthly rent
8.Recorded depreciation on equipment
9.Completed Job 34aG for services provided to Beard Co.
10.Purchased inventory on account

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Question 8

Sunrise Coffee Shop,in an effort to streamline its accounting system,has decided to utilize a cash receipts journal.Record the following transactions for the first two weeks in March,total the columns,and include the posting references.A partial chart of accounts is given below.After recording the transactions,indicate if there are any additional columns you would add to this journal.​

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Question 9

Maximilian Corporation provided revenue disclosures for the current year by its major product segments in the notes to its financial statements as follows:​  Prepare a vertical analysis.Round to one decimal place.

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Question 10

Voyager Electronic Services has three customers in its accounts receivable subsidiary ledger with beginning balances as follows:Fred Yao Ming,$1,150.00Kohl Townson,$850.00Chandra Jahi,$1,075.00​Record the following transactions in a general journal.Then post to the accounts receivable account in the general ledger and to the customer accounts in the accounts receivable subsidiary ledger.June 3 Kohl Townson paid $325.00 on account.10 Chandra Jahi purchased $475.00 on account.15 Fred Yao Ming paid $395.00 on account.16 Fred Yao Ming purchased $685.00 on account.23 Kohl Townson purchased $155.00 on account.​  GENERAL LEDGER

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Question 11

Eastwood Publishing reports the following segment data regarding its textbook sales:​  Perform a horizontal analysis and a vertical analysis for Eastwood Publishing.Round to one decimal place.

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Question 12

123 Kids TV operates in five major international segments.​​  Prepare a horizontal analysis of the segment data.Round percentages to two decimal places.

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Question 13

The discovery and correction of errors is important in a computerized system.What kinds of errors might occur in these systems? What type
(s)of errors will be prevented in a computerized system?

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Question 14

Listed below are selected transactions completed by Ridge Company during March of the current year.​  ​  ​

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Question 15

The Internet creates opportunities for improving the speed and efficiency of transactions.Name and describe three key areas besides e-commerce where the Internet is being used for business purposes.

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Question 16

Read each transaction and identify the appropriate journal in which it should be recorded.​
1.Owner withdrew supplies
2.Sale made on account
3.Payment to vendor on account
4.Payment received from customer on account
5.Purchases on account
6.Adjusting journal entry for supplies used
7.Owner withdrew cash
8.Company borrows money from bank
9.Record monthly depreciation
10.Close revenue accounts at month's end

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Question 17

Connie and Jill operate Reardon's Bakery which has the following segment revenues for the most recent two fiscal years.Prepare a vertical analysis.Round percentages to two decimal places.​​

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Question 18

Down-Under,an aquatic supply store,makes the following five payments during August.Journalize them in the cash payments journal as appropriate.​

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Question 19

Describe and discuss e-commerce.

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Question 20

Payton Company has the following segment revenues for the two most recent years.​​  Prepare a horizontal analysis of the segment data.Round to one decimal place.

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Quiz 5: Accounting Systems

Payton Company has the following segment revenues for the two most recent fiscal years. Prepare a vertical analysis of the segment data.Round to one decimal place.

Explain whether each of the following would usually be used in a computerized accounting system and why or why not.1.Special journals2.Accounts receivable control accounts3.Electronic invoice form4.Month-end postings to the general ledger

The posting references in the following revenue journal are indicated by letters.Identify each posting reference [ (a)through (h)] as representing (1)a posting to a general ledger account, (2)a posting to a subsidiary ledger account,or (3)that no posting is required.

What is a business segment? How can business segments be analyzed?

Identify the three main advantages of a computerized accounting system over a manual accounting system.

Define the meaning of the terms B2C and B2B as they relate to e-commerce.

Maximilian Corporation provided revenue disclosures for the current year by its major product segments in the notes to its financial statements as follows: Prepare a vertical analysis.Round to one decimal place.

Eastwood Publishing reports the following segment data regarding its textbook sales: Perform a horizontal analysis and a vertical analysis for Eastwood Publishing.Round to one decimal place.

123 Kids TV operates in five major international segments. Prepare a horizontal analysis of the segment data.Round percentages to two decimal places.

The discovery and correction of errors is important in a computerized system.What kinds of errors might occur in these systems? What type (s)of errors will be prevented in a computerized system?

Listed below are selected transactions completed by Ridge Company during March of the current year.

The Internet creates opportunities for improving the speed and efficiency of transactions.Name and describe three key areas besides e-commerce where the Internet is being used for business purposes.

Connie and Jill operate Reardon's Bakery which has the following segment revenues for the most recent two fiscal years.Prepare a vertical analysis.Round percentages to two decimal places.

Down-Under,an aquatic supply store,makes the following five payments during August.Journalize them in the cash payments journal as appropriate.

Describe and discuss e-commerce.

Payton Company has the following segment revenues for the two most recent years. Prepare a horizontal analysis of the segment data.Round to one decimal place.

Quiz 5: Accounting Systems

Payton Company has the following segment revenues for the two most recent fiscal years.​​ Prepare a vertical analysis of the segment data.Round to one decimal place.​

Explain whether each of the following would usually be used in a computerized accounting system and why or why not.1.Special journals2.Accounts receivable control accounts3.Electronic invoice form4.Month-end postings to the general ledger

The posting references in the following revenue journal are indicated by letters.Identify each posting reference [ (a)through (h)] as representing (1)a posting to a general ledger account, (2)a posting to a subsidiary ledger account,or (3)that no posting is required.

What is a business segment? How can business segments be analyzed?

Identify the three main advantages of a computerized accounting system over a manual accounting system.

Define the meaning of the terms B2C and B2B as they relate to e-commerce.

Maximilian Corporation provided revenue disclosures for the current year by its major product segments in the notes to its financial statements as follows:​ Prepare a vertical analysis.Round to one decimal place.

Eastwood Publishing reports the following segment data regarding its textbook sales:​ Perform a horizontal analysis and a vertical analysis for Eastwood Publishing.Round to one decimal place.

123 Kids TV operates in five major international segments.​​ Prepare a horizontal analysis of the segment data.Round percentages to two decimal places.

The discovery and correction of errors is important in a computerized system.What kinds of errors might occur in these systems? What type (s)of errors will be prevented in a computerized system?

Listed below are selected transactions completed by Ridge Company during March of the current year.​ ​ ​

The Internet creates opportunities for improving the speed and efficiency of transactions.Name and describe three key areas besides e-commerce where the Internet is being used for business purposes.

Connie and Jill operate Reardon's Bakery which has the following segment revenues for the most recent two fiscal years.Prepare a vertical analysis.Round percentages to two decimal places.​​

Down-Under,an aquatic supply store,makes the following five payments during August.Journalize them in the cash payments journal as appropriate.​

Describe and discuss e-commerce.

Payton Company has the following segment revenues for the two most recent years.​​ Prepare a horizontal analysis of the segment data.Round to one decimal place.

Payton Company has the following segment revenues for the two most recent fiscal years. Prepare a vertical analysis of the segment data.Round to one decimal place.

Maximilian Corporation provided revenue disclosures for the current year by its major product segments in the notes to its financial statements as follows: Prepare a vertical analysis.Round to one decimal place.

Eastwood Publishing reports the following segment data regarding its textbook sales: Perform a horizontal analysis and a vertical analysis for Eastwood Publishing.Round to one decimal place.

123 Kids TV operates in five major international segments. Prepare a horizontal analysis of the segment data.Round percentages to two decimal places.

Listed below are selected transactions completed by Ridge Company during March of the current year.

Connie and Jill operate Reardon's Bakery which has the following segment revenues for the most recent two fiscal years.Prepare a vertical analysis.Round percentages to two decimal places.

Down-Under,an aquatic supply store,makes the following five payments during August.Journalize them in the cash payments journal as appropriate.

Payton Company has the following segment revenues for the two most recent years. Prepare a horizontal analysis of the segment data.Round to one decimal place.