ACCOUNTING PRCINCIPLES (CCCS CUSTOM)
ACCOUNTING PRCINCIPLES (CCCS CUSTOM)
14th Edition
ISBN: 9781119845102
Author: Weygandt
Publisher: WILEY
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Chapter 2, Problem 3E
To determine

Introduction: Journal is a book of original entries in which the transactions (expressed in monetary terms) are recorded in a chronological sequence considering the accounts principles and after taking into account the rules of the double entry book-keeping system.

To prepare: The journal entries for the transactions provided. 

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I need help answering the following question below for my class discussion.  After taking Managerial Accounting, you like the discipline and the potential it presents for your future career advancement, so you take the Certified Management Accountant exam and pass it with flying colors. To get my career going, I am  considering starting a consulting business, advising other enterprises on managerial accounting related issues (internal controls, how to organize the responsibility centers and how to evaluate them, automate their system to track managerial data including production costs, how to set up the budgeting system and how to control costs, etc.). To organize my consulting business, I need to  look up on the form of business to organize my consulting firm under. Specifically, I want to consider the form of business from the perspectives of liability (including mutual agency), taxes, control. Which form of business should I choose?  justifing my choice and being creative with my…
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