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ACCT 201 Case Spring 2019 Doggie Dining. Inc. Part 2 1. Identify each term definitien below aObligations that the company expects to pay after one year b. Principle that requires that componies inclade in the accounting records only transoction data that con be expressed in terms of money. e. Cost of assets consumed or services used in the process of earning revenue .d. The entire group of accounts maintoined by a company e List the four financial statements f. List of general ledger accounts and their balances at a given time. -9-The right side of an account. ,h.Amounts owed by customers that result from the sale of goods and services i. Goods held for sale to customers. j. The process of comparing the bank's balance of an occount to the company's balance and explaining any differences to make them agree. k. A dishonest act by an employee that results in personal benefit to the employee at a cost to the employer. I. List the three types of temporary (nominal) accounts m. Revenues and expenses and gains and losses that are unrelated to the Company's main operations n. Process of allocating the cost of a plant asset to expense over its useful life. s Spring 2019 ACCT 201 Case adjysted triel balance, prepare clesing entries at October 31, ACC Jeurnal for Octob For the ear aded oeober For the Yeor Ended October 31, 2019 Acceunts Payable Sales Revenue 48 Salories& Woges Expense Rent Expense ACCT 201 Case Spring 2019 Journal for October 31 closing entries: General Journal Date Account Titles Ref Debit Credit Spring 2019 ACCT 201 Case following information regarding dog cuisine Deggle Dining. Ine. reparts the inventory for the month of November. reparts the Assume that Doggie Dining.Inoy rem and that 150 bogs of dog food were on hand Uts They on hand on N the on Nove deg food bags - units) Date splanation aits Mait Cost otal Cost 100 200 500 400 50 $5,000 60 $12,000 70 $35,000 90 $36,000 1-Nov Inventory 10-Nov Purchase 17-NovPurchase 24-Nov Purchase a, what is the cost of goods available for b. How many bags of dog food were available for sale during Novenber? c. What is the cost of ending inventory under FIFO sale for November? d. What is the cost of goods sold under LIFO e. What is the cost of ending inventory under the average cost method? ACCT 201 Case Spring 2019 Doggie Dining. Inc. Part 2 1. Identify each term definitien below aObligations that the company expects to pay after one year b. Principle that requires that componies inclade in the accounting records only transoction data that con be expressed in terms of money. e. Cost of assets consumed or services used in the process of earning revenue .d. The entire group of accounts maintoined by a company e List the four financial statements f. List of general ledger accounts and their balances at a given time. -9-The right side of an account. ,h.Amounts owed by customers that result from the sale of goods and services i. Goods held for sale to customers. j. The process of comparing the bank's balance of an occount to the company's balance and explaining any differences to make them agree. k. A dishonest act by an employee that results in personal benefit to the employee at a cost to the employer. I. List the three types of temporary (nominal) accounts m. Revenues and expenses and gains and losses that are unrelated to the Company's main operations n. Process of allocating the cost of a plant asset to expense over its useful life. s Spring 2019 ACCT 201 Case adjysted triel balance, prepare clesing entries at October 31, ACC Jeurnal for Octob For the ear aded oeober For the Yeor Ended October 31, 2019 Acceunts Payable Sales Revenue 48 Salories& Woges Expense Rent Expense ACCT 201 Case Spring 2019 Journal for October 31 closing entries: General Journal Date Account Titles Ref Debit Credit Spring 2019 ACCT 201 Case following information regarding dog cuisine Deggle Dining. Ine. reparts the inventory for the month of November. reparts the Assume that Doggie Dining.Inoy rem and that 150 bogs of dog food were on hand Uts They on hand on N the on Nove deg food bags - units) Date splanation aits Mait Cost otal Cost 100 200 500 400 50 $5,000 60 $12,000 70 $35,000 90 $36,000 1-Nov Inventory 10-Nov Purchase 17-NovPurchase 24-Nov Purchase a, what is the cost of goods available for b. How many bags of dog food were available for sale during Novenber? c. What is the cost of ending inventory under FIFO sale for November? d. What is the cost of goods sold under LIFO e. What is the cost of ending inventory under the average cost method