Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 10 Aug 2017 My Price 7.00

Raney Corp

Raney Corp’s auditor discovered two errors. No errors were corrected during 2010. The errors are described as follows: (1.) Merchandise costing $5,000 was sold to a customer for $9,000 on December 31, 2010, but it was recorded as a sale on January 2, 2011. The merchandise was properly excluded from the 2010 ending inventory. Assume the periodic inventory system is used. (2.) A machine with a 5-year life was purchased on January 1, 2010. The machine cost $20,000 and has no expected salvage value. No depreciation was taken in 2010 or 2011. Assume the straight-line method for depreciation. Required: Prepare appropriate journal entries (assume the 2011 books have not been closed). Ignore income taxes.

Answers

Maurice Tutor
(5)
Status NEW Posted 10 Aug 2017 09:08 AM My Price 7.00

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