ACC 225 WEEK 5 COMPLETE WORK
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ACC 225 WEEK 5 COMPLETE WORK
Week 5:
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?
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