Analyzing Financial Reports Chapter 17

1. It would include the food for the animals, the toys for the animals, cages, bedding, extra supplies, and grooming tools.
2. They started buying cheaper products to sell for more money in return.



"PetSmart." Wikipedia. Wikimedia Foundation, 4 July 2014. Web. 8 Apr. 2014. <http://en.wikipedia.org/wiki/PetSmart>.

Making it Personal Chapter 17

Things you need to know about filing a federal income tax return:

-Prepare everything on paper

- Use all of the correct paperwork (i.e. Form 1080EZ and Form 1080A)

- Collect the tax return W2 form from your employer

"Tennessee Federal Criminal Lawyer Blog." Failure to File Tax Returns Archives:. N.p., n.d. Web. 8 Apr. 2014. <http://www.tennesseefederalcriminallawyerblog.com/failure-to-file-tax-returns/>.

International Accounting Chapter 17

Brainstorm:
- Good Administration
- Leadership
- Capacity to think and act strategically
- Tech Savvy
- Ability to be a team player
- Good criticism
- Think before you speak



"Business Research Plus." Business Research Plus. N.p., n.d. Web. 8 Apr. 2014. <https://bizlib247.wordpress.com/tag/orbi

Communicating Accounting Chapter 17

Thomas,
Please specify which of the transactions were cash purchases and which are purchases on account. For me to process these I need to know the receipt numbers and the amount money that was paid. I also need the invoice and the invoice numbers. Please get back to me as soon as possible. Thank you for your cooperation.



"Create a Business Memo." Create a Business Memo. N.p., n.d. Web. 8 Apr. 2014. <http://www.crews.org/curriculum/ex/com

A Matter of Ethics Chapter 17

1. The ethical issues are that you are assuming that he will not cash the check first and wait until the work is completed. You are also taking a risk of being in trouble for writing a possible bounced check.
2. The alternatives could be to tell the mechanic that you only have so much that you could pay then and the pay as you get the money. You could also pay with a credit card if you had one.
3. The affected parties are you and the mechanic.
4. The alternatives would affect the mechanic by not getting the money right away and causing him to maybe not have enough money for the project.
5. I would let the mechanic know about my situation and see what he says. If he wants the money on the spot, I would pay with a credit card and work hard to balance the card later on.



"Mechanic." : The meaning of the dream in which you see ''. N.p., n.d. Web. 8 Apr. 2014. <http://eofdreams.com/mechanic.html>.

Case Study Chapter 17

1. I would look at the invoice numbers to see if they are the identical order.
2. When the amount is paid, I would make a note that it was paid. I would then call the company to make sure the invoice was not processed again.



"The World's Best Record Stores Worth Travelling To - Groovetraveler." The World's Best Record Stores Worth Travelling To - Groovetraveler. N.p., n.d. Web. 8 Apr. 2014. <http://www.groovetraveler.com/2012/08/16/the-worlds-best-record-stores-worth-travelling-too/>.

Critical Thinking Chapter 17

1. The purpose of the purchase journal is to record all purchases on account. The purchase of the cash payments journal is used  to record all transactions in which cash is paid out or decreased.
2. I would have to go back through the entries to see if I missed something or put in the wrong number.
3. I would create the schedule of accounts payable and to prove its accuracy I would compare the numbers to the previous months numbers.
4. The purchase of supplies is not recorded in the special columns of the purchases journal because the purchases do not occur often enough. Store equipment is not recorded in the journal's Purchases Debit column because it is not not merchandise purchased for resale. The General Debit column is not posted to the general ledger because the individual amounts were posted during the month.
5. The accounting documents I would need to prepare a cash proof are the general ledger, the cash receipts journal, and the cash payments journal. The steps I will perform are to record the beginning balance of Cash in Bank, entering the total cash received during the month, add the first and second lines of this Cash Proof, from that subtotal I would subtract the cash payments for the month, then I would compare this ending figure to the balance shown on the last check stub in the checkbook.
6. It is important to prove cash because it verifies that amounts recorded in the general ledger, cash receipts journal, and cash payments journal agree with the checking account balance.



"The Case for Cash." Peak Prosperity. N.p., n.d. Web. 7 Apr. 2014. <http://www.peakprosperity.com/insider/83957/case-cash>.