Help me please asap.Don't use any AI.It's strictly prohibited. Home Lawn and Garden Company, Inc. had these transactions during the current period.March 22 Issued 40,000 shares of $3 stated value common stock for cash of $160,000.May 11 Issued 8,000 shares of $25 par value preferred stock for cash at $60 per share.June 18 Purchased 3,000 shares of treasury stock for $15,000.InstructionsPrepare the journal entries in proper form with correct account names for the transactionslisted above.

Journal Entries:1.DateAccountsDebitCreditMarch 22Cash $160,000 Common Stock (40,000 shares * $3)…

Answered: Home Lawn and Garden Company, Inc. had…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Controls over data management systems fall into two categories: access controls and backup controls. In the shared database environment, access control risks include corruption, theft, misuse, and destruction of data. These threats originate from both unauthorized intruders and authorized users who exceed their access privileges. Which of the following options is not part of controls over data management systems? a. Employees that sharing the same computers need restriction for access to specific directories, programs, and data files by using multilevel password control.b. To recover data from disaster, organizations must implement policies and procedures and routinely provide backup copies of critical files.c. Database Administrator works closely with users and systems designers has primary responsibility for user view design and works closely with users and systems designers.d. Access to confidential data must be properly managed. Inference controls prevent users from inferring,…
3. Which of the following is not a computer facility control? (a) Place the data processing center where unauthorized individuals cannot gain entry to the facility. (b) Limit access to the data processing center all employees of the company. (c) Buy insurance to protect against loss of equipment in the computer facility. (d) Use advanced technology to identify individuals who are authorized access to the data processing center. 4.For internal control over computer program changes, a policy should be established requiring that: (a) All proposed changes be approved by a responsible individual and logged. (b) The programmer designing the change should be responsible for ensuring that the revised program is adequately tested. (c) All program changes be supervised by the information system control group. (d) To facilitate operational performance, superseded portions of programs should not be deleted from the program run manual. 5. Auditing "around the computer": (a) Assumes that accurate…
The only module in MYOB where "Transaction Journal" is NOT an available option to select from the command centre is: Select one: a. Banking O b. Inventory c. Purchases O d. Card File
Which of the following describes preventive controls? (Several choices may be correct.) Expected to be 100% effective. O Easily verified as to whether the control has worked. O Designed to stop misstatement from occurring. O Applied to each transaction prior to entering transactions into the accounting system. Applied to each transaction after transactions have been processed. O Designed to detect fraud or errors that have occurred.
Discuss how EDI dealing with sensitive information, such as inventory amounts and price data, is no longer private. What potential dangers exist if proper controls are not in place? Give an example
Please answer ASAP. I will upvote accordingly. Thank u!
Lindyn is in possession of a check which contains the following indorsement, “Jules Grant, without recourse, for collection only. “ The indorsement would be classified as blank, qualified and restrictive, why?
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what exactly is a cookie jar reserve? Does using a cookie jar reserve follow GAAP? Does using a cookie jar reserve appear to be an ethical practice? Support your opinion. Your post should be more than a single sentence.
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Which preventive, detective, and/or corrective controls would best mitigate the following threat, and why? (i)To facilitate working from home, an employee installed a modem on his office workstation. An attacker successfully penetrated the company’s system by dialing into that modem.

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