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ACC 290 Week 3 Answers Guide: BE4-1, P4-2A, P4-3A, and BYP4-1

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Description

ACC 290 Week 3 Solutions

Welcome to your comprehensive guide to Textbook and WileyPlus solutions in ACC 290 Week 3. This product is an excel spreadsheet with answers, explanations, and calculations for every financial accounting problem listed below. 

What's Included in the ACC 290 Week 3 Study Guide?

  • Detailed Solutions to BE4-1, P4-2A, P4-3A, and BYP4-1
    • BE4-1 Transactions that affect earnings do not necessarily affect cash...
    • P4-2A Lumas Consulting
    • P4-3A Solo Hotel
    • BYP4-1 Tootsie Roll
  • All Work Shown
  • Textbook: Financial Accounting 7th edition and WileyPlus
  • Fully Updated for 2014-15 Academic Year
  • Unlimited Support from ACC Nerd Accounting Experts 

Preview of Answers

Problem 4-2A - Lumas Consulting Firm Journal Entries

Accounts

Debit

Credit

Supplies expense

1,280

 

Supplies

 

1,280

( to record supplies exhausted throughout the year)

 

 

 

 

 

Utilities expense

180

 

Accounts payable

 

180

(recording utilities expense)

 

 

 

 

 

Insurance expense (2880 / 12 months)

240

 

Prepaid insurance

 

240

( prepaid insurance consumed during the month)

 

 

 

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