[jeff]

I’ve had a few requests for April/May Study Groups…March will be here before you know it.

In order to take an early April exam, you should begin studying…now. 🙂

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[WANNABE_CPA]

@Jrosen …Good Luck.. You will do it 🙂

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[jrosen92770]

I just focused on the progress tests.

BEC - 5/26/2013 75
REG - 8/31/2013 82
AUD - 11/24/2013 74, 2/9/2014 92
FAR - 5/25/2014 85

NY CPA

[stoleway]

On Nov 1 yr1, one of the company's customers deposited $700 directly to the company's bank account. the bookkeeper recorded this transaction as follows.

AR………………$700Dr

Bank Account……………….$700cr

How much should be added back to the book balance after all the necessary adjustments are made?

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[Anonymous]

why should anything be added to the book balance?

wait, credit cash? I have no clue what this question is about

[stoleway]

@anjanja

Bookkeeper made an entry error, so something needs to be done.

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[Anonymous]

So the Book keeper made an error for the money that was received from a customer.

It should have been this right

DR Bank …. 700

CR AR …. 700

So I think you need to do the Above JE twice

Once to counter the error and the second to book it correctly

[Anonymous]

well, 1400 then? too simple, must be wrong

[Anonymous]

the question is, what necessary adjustments have already been made 🙂

[stoleway]

@anjanja

$1400 is correct

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[Anonymous]

what did you answer

[stoleway]

@anjanja

I don't understand your question

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[Anonymous]

you said you post the questions that you get wrong, I was curious about your answer

[stoleway]

I thought it was $700, but after going through the explanation im convinced about why its $1400

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[WANNABE_CPA]

Got 76% on 30 questions set of review test on Investments…..bad bad badddddd investments 🙁

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[stoleway]

Company A sold Trading securities for $150,000 and purchased AFS for $50,000. what will be Company As Net cash provided by(used in) investing activities?

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[Author]

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