BUS 5110 Week 1 Written Assignment Unit 1Diamond Gem Company
Submit a paper which is 2-3 pages in length (no more than 3-pages), exclusive of the reference page. Paper should be double spaced in Times New Roman (or its equivalent) font which is no greater than 12 points in size. The paper should cite at least three sources in APA format.  One source can be your textbook.
In this paper, in addition to presenting the computed answers, please also discuss how you arrived at each answers the accounting problem asks. The accounting problem presents a company’s balance sheet and income statement. The Diamond Gem Cleaning and Maintenance Service Company is in the business of contracting its cleaning and maintenance services to office buildings. The balance sheet and income statement have blank lines. Determine the values that would be appropriate for each blank line. Provide a narrative of how you arrived at each value. In doing so, explain the account being valued and its relationship to the other financial data. For example, if the accounts payable line was missing, explain that you can derive its value based on knowing all the other values of the current liabilities section. Then explain what an account liability is, as well as why it would belong in the current liabilities section of the balance sheet
Please refer to the income statement and balance sheet of the Diamond Gem Cleaning and Maintenance Service Company available to download here.
Superior papers will mention and explain the following elements when responding to the assignment question:
- Provide correct balances for the blank financial account lines.
- Provide a narrative about how the values were determined.
- Provide a definition and explanation of each account line that was completed.
Be sure to use APA formatting in your paper. Purdue University’s Online Writing LAB (OWL) is a free website that provides excellent information and resources for understanding and using the APA format and style.
Answers
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Posted 09 Feb 2018 05:02 AM
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file 1518154343-week 1 Student 1 Diamond Gem Company.docx preview (633 words )
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file 1518154352-week 1 Student 1.xlsx preview (67 words )
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