Pitman Company is a small editorial services company owned and operated by Jan Pitman. On October 31, 2019 the end of the current year, Pitman Company’s accounting clerk prepared the following unadjusted trial balance:

Pitman Company

UNADJUSTED TRIAL BALANCE

October 31, 2019

The data needed to determine year-end adjustments are as follows:

1- Research a company who committed financial reporting fraud. What element of the fraud triangle was most relevant to the reported fraud?

2- Research an accounting firm who was sued and found guilty of either audit failure, breach of contract or negligence. Please include the outcomes of the lawsuit. Choose an accounting firm which has not been previously researched by your peers.

Problem 10-1A

On January 1, 2017, the ledger of Cullumber Company contained these liability accounts.

Accounts Payable $43,900
Sales Taxes Payable 7,300
Unearned Service Revenue 20,400

During January, the following selected transactions occurred.

Jan. 1 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note.
5 Sold merchandise for cash totaling $6,572, which includes 6% sales taxes.
12 Performed services for customers who had made advance payments of $12,000. (Credit Service Revenue.)
14 Paid state treasurer’s department for sales taxes collected in December 2016, $7,300.
20 Sold 640 units of a new product on credit at $48 per unit, plus 6% sales tax.

During January, the company’s employees earned wages of $76,800. Withholdings related to these wages were $5,875 for Social Security (FICA), $5,486 for federal income tax, and $1,646 for state income tax. The company owed no money related to these earnings for federal or state unemployment tax. Assume that wages earned during January will be paid during February. No entry had been recorded for wages or payroll tax expense as of January 31.

Journalize the January transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to nearest whole dollar amount, e.g. 5,275.)

Date
Account Titles and Explanation
Debit
Credit
choose a transaction date

Jan. 1
Jan. 5
Jan. 12
Jan. 14
Jan. 20
Jan. 31
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date

Jan. 1
Jan. 5
Jan. 12
Jan. 14
Jan. 20
Jan. 31
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date

Jan. 1
Jan. 5
Jan. 12
Jan. 14
Jan. 20
Jan. 31
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date

Jan. 1
Jan. 5
Jan. 12
Jan. 14
Jan. 20
Jan. 31
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date

Jan. 1
Jan. 5
Jan. 12
Jan. 14
Jan. 20
Jan. 31
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount

You are intrigued by Fortune’s annual list of the 100 best companies to work for. Although it’s a long shot, you decide that you want to work for one of them. You read the good news that many of them are hiring, so you begin searching for a company that has possibilities for you. After narrowing the list, you hone in on one that seems like the best fit.

Your Task. Select a company from Fortune’s list of 100 best companies to work for. It may be a dream, but you are curious about working there. Note the reasons Fortune added this company to the list, and note the company’s ranking out of 100. Then review the company’s website and gather information about the company’s mission and goals, history, products, services, and current news releases. Find out where the home office is located, who leads the company, and how many employees work there. After researching the company, list your reasons for wanting to work there. In a memo report to your instructor, summarize your research findings. State the purpose, add appropriate section headings, and conclude with your thoughts on why you think this company is a good employment choice.

Use the adjusting journal entry information to prepare the formal adjusting journal entries as of December 31, 2020. Remember to skip a line between each adjusting journal entry and use AJ1, AJ2, AJ3, etc, instead of the actual date.

Information for Year End Adjusting Journal Entries December 31, 2020

1) The building(cost of $180,000)was purchased on January 1, 2019 and it is expected to have a useful life of 30 years with no salvage value. Depreciation expense has been recorded through November 30, 2020.

2) Office equipment(cost of $130,000)as of November 30, 2020 was purchased on January 1, 2015. The office equipment is expected to have a useful life of 10 years with $10,000 salvage value. Depreciation expense has been recorded through November 30, 2020.

3) Insurance in the amount of $4,800 was paid on April 1, 2020 covering the period of April 1, 2020 through March 31, 2021. The insurance expense and prepaid insurance accounts have been properly adjusted through November 30, 2020.

4) A December 31, 2020 count of supplies showed $3,300 of supplies remaining on hand.

5) Salaries earned but unpaid as of December 31, 2020 amount to $31,500.

6) The company has earned one of the three months rent previously received on December 1 from Bullwinkle Inc.

7) Interest at an annual rate of 3¼% is owed for the month of December 2020 on the Mortgage Note Payable due in 5 years (round interest to nearest whole dollar).

8) The savings account was opened on December 31, 2019. It earns interest at an annual rate of 1.5%, compounded monthly. Interest has been received and recorded through November 30, 2019. The bank notified the company that interest for the month of December was deposited in the savings account on December 31, 2020(round interest to the nearest dollar).

9) Uncollectible accounts are expected to be $11,500 based on net sales.

10) Income taxes owed for the year amounted to $15,000.

Question 1, From the early 1900’s through to the 1970’s, Aboriginal children were removed from their families and placed into institutionalized care and foster homes. It is estimated that the number of children removed was: Select one:

a. 20,000 – 50,000

b. 60,000 – 100,000

c. 5,000 – 10,000

d. 100,000 – 150,000

e. 500 – 1,500

Question 2, The 1967 Referendum granted Select one:

a. Aboriginal people the right to access equitable housing

b. citizenship rights to Aboriginal people and equal pay for equal work within the pastoral industry

c. land rights to Aboriginal people

d. the Commonwealth government the power to legislate in relation to Aboriginal people

e. a) & c)

f. b) & d)

Question 3, The impact of the history of colonization and legislation on the social determinants of health for Aboriginal people has resulted in: Select one:

a. inequalities in relation to education, housing and employment

b. dispossession of land

c. discrimination and racism at multiple levels

d. dislocation from family and community

e. all of the above

f. none of the above

Question 4, Which of the following statements is true for Aboriginal people? Select one:

a. Most Aboriginal people live in rural and remote areas

b. Seventy five percent of Aboriginal people experience racism

c. Proportionally, more Aboriginal people drink alcohol than non-Aboriginal people

d. Aboriginal people's personal experience of racism impacts on their health outcomes

e. The Australian government spends more money on Aboriginal health than non-Aboriginal health

f. b) & d)

g. c) & e)

Question 5, Stereotypes Select one:

a. are oversimplified perceptions and opinions about a race or group of people

b. generally reflect social consensus rather than individual judgment

c. are inaccurate and incomplete beliefs held about a group of people

d. are the views about group of people developed through one's negative experiences with that group

e. all of the above

f. none of the above

Question 6, Institutional racism is evidenced by Select one:

a. policies and procedures that do not reflect responsiveness to cultural difference

b. services that meet the cultural needs of the dominant culture

c. services developed for Aboriginal people by non-Aboriginal people, with minimal consultation

d. the employment of Aboriginal people who often become soley responsible for all things 'Aboriginal' within the service

e. the acceptance of covert and overt racism

f. all of the above

g. none of the above

Question 7, Who is an Aboriginal person? Select one:

a. A person who is of Aboriginal or Torres Strait Islander descent

b. A person who practices a traditional Aboriginal lifestyle

c. A person who is recognised as an Aboriginal or Torres Strait person by another Aboriginal or Torres Strait person

d. A person whose genetic make-up does not include non-Aboriginal heritage

e. A person identifies as an Aboriginal or Torres Strait Islander person

f. a), b) & d)

g. a), c) & e)

Please answer the questions completely not until question 4 or 5 please answer until question 7 Thanks and god bless.

Review the Burless v. WV University Hospitals case. Do you agree with the court's decision? Why would or would not the hospital be responsible for the actions of the physician (the doctrine of respondeat superior)?

Define a class named University with data members such as campus_name,
courses_offered and no_of_faculty. Include appropriate methods and illustrate
the following object oriented concepts.
i.
Polymorphism.
ii.
Static methods

Give examples of two non-value added activities that may be found in each of the following organizations and explain why.

(1) a university,

(2) a restaurant,

(3) a bicycle repair shop