During 2014- Comstock Company entered into the following transactions-.docx

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During 2014, Comstock Company entered into the following transactions. 1. Purchased equipment for $292,920 cash. 2. Issued common stock to investors for $140,140 cash. 3. Purchased inventory of $73,360 on account. Using the following tabular analysis, show the effect of each transaction on the accounting equation. For Retained Earnings, use separate columns for Revenues, Expenses, and Dividends if necessary. (If a transaction causes a decrease in Assets, Liabilities or Stockholders\' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-3 for example.) Solution Working: 1. Equipment purchased for cash, so cash is decreasing and equipment is increasing. 2. Common stock are issued for cash, So cash is increasing and common stock are issued so it is also increasing. 3. Inventories purchased so, inventories are increasing and purchased on Account so Account payable also increased. .

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Transactions made by Ivanhoe Company for the month of March are shown below. 1. The company performed $19,650 of services for customers on account. 2. The company received $19,650 in cash from customers who had been billed for services [in transaction (1) 3. The company received a bill for $3,450 of advertising but will not pay it until a later date 4. Ivanhoe Company paid a cash dividend of $4,000 Prepare a tabular analysis that shows the effects of these transactions on the expanded accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Ilustration 3-3 for example.) Liabilities+ Stockholders\' Equity Cash + Accounts Receivable = Accounts Payable + Common Stock + Retained Earnings RevenuesExpensesDividends Solution solution :-CashAccounts ReceivableAccounts PayableCommon StockRetained EarningRevenuesExpensesDividends1)+$19650+$196502)+$19650-$196503)+$3450-$34504)- $4000-$4000.

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ACC2 M4S4 We’re continuing to analyze the Nybrostrand as in assignments 1 , 2, and 3. Based on additional information added in assignments 2 and 3, please use the information below to make a statement of cash flows. · The beginning cash balance is $30,000. · Use the Net Income from Module 2. · Use depreciation expense of Module 1. · During the year 14, Inventory increases by $42,500. · During the year 14, Land increases by $400,000. · During the year 14, Long-Term Debts increases $360,000. · During the year 14, the company made a secondary offering of stock and raised an additional $180,000, which includes $150,000 of Paid-in capital. · During the year 14, the company had paid $15,000 in dividends. Using the Indirect Method, prepare a statement of cash flows for the company in good format and compare two financial statements between the income statement and statement of cash flows. You do not need to include the income statement or balance sheet. This is a Signature Assignment Expectation for Accounting 201 There are 2 specific learning outcomes: 1) apply business theories, models and concepts to guide analysis of problems and situations and 2) utilize data driven analysis in making business decisions. In this Session Long Project number 4, our emphasis will be on understanding the statement of cash flows. You will be summarizing all of what you learned in the overall class and discussions. Assignment Expectations · Create a statement of cash flows and compare cash flows with net income. · Write 3-4 pages, showing computations and discussing the results. · List supporting references and cite your sources in APA format in text and listed at the end on a separate page. · Use appropriate writing style (organization, grammar, and spelling). · The paper will be typed in Times New Roman, Font 12, Double Spaced. Information gathered from Assignment 1: This paper gives an analysis of Nybrostrand Company with a view to show the financial position and the net profits available to the shareholders. The study aims to show the company’s financial profile to attract would-be investors and show conformity to internationally accepted accounting standards. Nybrostrand Company Income Statement For the year ended December 31, 2014 Account Debit Credit Revenue $586,000 Cost of goods sold $307,000 Gross Profit $279,000 Expenses Marketing $4,500 Depreciation Expense $24,350 Insurance $1,400 Property taxes $16,900 Rent $28,000 Salaries $78,500 Utilities $6,700 $160,350 Net Profit $118,650 About the income statement shown above, the company is presumed to be successful. The net profit is calculated in this order. All the expenses are summed up then they are subtracted from the revenues or sales figure (Maynard). This is the ultimate net profit. On the other hand, the gross profit is calculated when the cost of goods sold is subtracted from revenues. The cost of sales is the amount got from the addition of opening stock, cost.

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Identify which of the following is NOT a TCP/IP Attack: Question 5 options: a) SQL Injection b) Source Routing Attack c) IP Spoofing Attack d) SYN Flood Attack The software-based access control that identifies data items that require different types of protection is: Question 8 options: a) encryption b) need to know c) internal security labeling d) integrity checking A point of presence system that analyzes network traffic to detect leaking data is: Question 19 options: a) a data loss prevention system b) an intrusion detection system c) an intrusion prevention system d) a DMZ Solution 5) a) SQL Injection 8) c) internal security labeling 19) a) a data loss prevention system .

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