Hello...

I need help wtih this assignment.

I attached the instructions as well as the videos.

The actual excercises are what i am responsible to do.

The week four guidance report is where the answers needed to logged.

Please take note, use the November- December numbers to solve the questions.

Thank you

Ashford Universit Guidance Re Week Fou LISTEN TO AUDIO/VIDEO EXPLAINING THE GUIDANCE REPORT Account to be changed Ch 7 Ex 2 Loan $ Questions a. Compute Hall's accrued interest as of December 31, 20X1. b. Present the appropriate balance sheet disclosure for the accrued interest and the current and long-term portion of the outstanding debt as of December 31, 20X1. c. Repeat parts (a) and (b) using a date of December 31, 20X2, rather than December 31, 20X1. Assume that Hall is in compliance with the terms of the loan agreement. Accrued interest 12/31/X2 Disclosure Original Amount 225,000 YOUR ANSWERS BASED UPON COURSE START DATE Account to be changed Original Amount Ch 7 Ex 4 Salary expense 50000 YOUR ANSWERS BASED UPON COURSE START DATE Questions Salary expense Social Security Payable Medicare Payable Fed Taxes Payable State Taxes Payable Insurance Payable Cash Payroll Tax Expense Social Security Payable Medicare Payable State unemployment Fed unemployment Account to be changed Original Amount Ch 7 Pb 2 12/1 Note payable 12/1 Interest rate Warranty Purchase on account Note payable Warranty repair Salary accural Vacation 12/26 interest 20 6% a. Prepare journal entries to record the preceding transactions and events. Cash Notes Payable Warranty expense Warranty Liability Merchandise 20000 0 27 16000 5000 162 1400 36000 120 Accounts Payable Cash Note Payable Warranty Liability Cash Salary Expense Salary Payable Payroll Expense Accrued Vacation Payable b. Determine accrued interest as of December 31, 20XX, and prepare the necessary adjusting entry or entries. 12/1 one month accrual 12/26 60 day note-accrue 5 days Total Interest Accrual Prepare ournal entry: Interest expense Interest payable c. Prepare the current liability section of Visconti's December 31, 20XX balance sheet. Current Liabilities: Accounts payable Note payable Salaries payable Vacation payable Warranty payable Total Current Liabilities Account to be changed Original Amount Ch 8 Pb 1 Par 10 YOUR ANSWERS BASED UPON COURSE START DATE Questions 7/1 Cash Common Stock C/S additional Paid-in-Capital 7/7 Attorney expense Common Stock C/S additional Paid-in-Capital Cash Common Stock C/S additional Paid-in-Capital Land Common Stock C/S additional Paid-in-Capital Ashford University ACC205 Guidance Report Week Four YELLOW INDICATES ACCOUNT AMOUNTS CHANGED Change Account to: Based Upon Course Start Date Jan - Feb $ Mar-Apr 250,000 $ May-Jun 260,000 $ Jul-Aug 270,000 $ Sept-Oct 280,000 $ Nov-Dec 290,000 $ 450,000 Jan - Feb Mar-Apr 51,000 52,000 May-Jun 53,000 Jan - Feb 20 6% 25,000 15% 28 17,000 6,000 172 1,500 37,000 $ 120 Jul-Aug 54,000 Sept-Oct 55,000 Mar-Apr 20 6% 26,000 15% 29 18,000 7,000 182 1,600 38,000 $ 120 Nov-Dec 56,000 May-Jun 20 6% Jul-Aug 28,000 15% 30 19,000 8,000 192 1,700 39,000 ### 20 6% $ 11.00 $ 12.00 $ 13.00 $ 14.00 $ 15.00 $ 16.00 Jul-Aug 30,000 15% 31 20,000 9,000 202 1,800 40,000 $ 120 Sept-Oct 20 6% 31,000 15% 32 21,000 10,000 222 1,900 41,000 $ 120 Nov-Dec 20 6% 33,000 15% 33 22,000 11,000 232 2,000 42,000 $ 120 Chapter 7 Ex 2: Chapter 7 Ex 4: Chapter 7 Problem 2: Chapter 8: Week Four Assignment 1. Listen to the video below for the exercise/problem. The video completes the problems using the book numbers. 2. Open the Guidance Report and rework the problem with the changed numbers and place your answers on the guidance report. Do not alter the guidance report. 3. Submit the guidance report using the Assignment Submission tab below. Complete the following problems and exercises: Chapter Seven, Exercises 2 and 4 Chapter Seven, Problem 2 Chapter Eight, Problem 1 ****Please use the November - December numbers on the spreadsheet**** Video can also be accessed using this link: http://ashford.mediaspace.kaltura.com/media/ACC205A+Chapter+7+Exercise+2/0_hvjcrrm4 Video can also be accessed using this link: http://ashford.mediaspace.kaltura.com/media/ACC205A+Chapter+7+Exercise+4/0_rrtq9c25 Video can also be accessed using this link: http://ashford.mediaspace.kaltura.com/media/ACC205A+Chapter+7+Problem+2/0_f4azze4n Video can also be accessed using this link: http://ashford.mediaspace.kaltura.com/media/ACC205A+Chapter+8+Problem+1/0_w4ic3586