Accounting Help for College and University Students

Analyzing a company and determining who has an economic interest in it.

Tree Top Airlines began as a small commuter line * years ago but has grown into the seventh largest airline in America, with a strong regional route system. In addition, it has many routes to America's commercial centers and a few selected international routes. Tree Top has a fleet of 350 planes and approximately 7,000 employees ...continues

Daisy Political Consultants has been in existence for many years.

Daisy Political Consultants has been in existence for many years. During the month of November, the following events occurred. 1) The owners contributed an additional $6,500 to the business to finance an expansion of operations. 2) Consulting Services totaling $11,000 were performed on credit during November and billed t ...continues

Financial Accounting: Recording of expenses

Helping Hands uses accrual basis accounting. For which of the events above should an expense be recorded in May? In each case, how much expense should be recorded? If an event does not involve and expense, specify why not. See attached file for full problem description.

Jill and Phil have just established a security alarm maintenance service.

For each Transaction, describe the event (including amounts) that caused the entry to be made. See attached file for the complete question. Jill and Phil have just established a security alarm maintenance service. They charge $20 per hour per person and are usually paid by check upon completion of the job. For certain custom ...continues

Financial Accounting

A) Set up a simple accounting system and record transactions (1) through (10). B) Prepare an income statement for the first month of operations. C) Prepare a balance sheet as of the end of the first month. See attached file #1

Finacial Accounting: A) Place a mark in the appropriate column to indicate the type of account B) Place a mark in the appropriate column to indicate on which financial statement that account is reported.

A) Place a mark in the appropriate column to indicate the type of account B) Place a mark in the appropriate column to indicate on which financial statement that account is reported. Financial Statement Type of Account: Asset ...continues

Finacial Accounting

A) Prepare a report of net cash flow from operating activities. B) Prepare an accrual basis income statement. C) Which documents a more realistic or complete picture of August's activity? Why? See attached file #1

Financial Accounting

A) Identify and list the errors in the income statement above. B) Prepare a corrected income statement. See attached file #1.

Financial Accounting

A) Identify and list the errors in the balance Sheet Above. B) Prepare a corrected balance sheet. See attached file #1.

Financial Accounting

Determine (a) the amount of cash collected from customers during the month, (b) the amount of cash paid out for expenses during the month, and (c) the net cash flow for the month. See attached file #1.