Accounting homework help

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Can you please complete attached worksheet? The worksheet has questions that needs to answered, and charts filled in.
Following are the transactions of a new company called Pose-for-Pics.

Aug.   1   Madison Harris, the owner, invested $7,250 cash and $31,175 of photography equipment in the company.
    2   The company paid $3,200 cash for an insurance policy covering the next 24 months.
    5   The company purchased office supplies for $1,378 cash.
    20   The company received $3,800 cash in photography fees earned.
    31   The company paid $885 cash for August utilities.

Prepare general journal entries for the above transactions.
Compute the missing amount for each of the following separate companies in columns B through E. (Losses and amounts to be deducted should be indicated with a minus sign.)
Required information
Use the following information for Exercises 16-18 below.
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[The following information applies to the questions displayed below.]

Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company’s records show the following accounts and amounts for the month of August.

           
Cash $ 25,370 C. Camry, Withdrawals $ 6,020
Accounts receivable   22,370 Consulting fees earned   27,010
Office supplies   5,260 Rent expense   9,570
Land   44,010 Salaries expense   5,620
Office equipment   20,020 Telephone expense   880
Accounts payable   10,540 Miscellaneous expenses   530
Required information
Use the following information for Exercises 16-18 below.
Skip to question
[The following information applies to the questions displayed below.]

Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company’s records show the following accounts and amounts for the month of August.

           
Cash $ 25,370 C. Camry, Withdrawals $ 6,020
Accounts receivable   22,370 Consulting fees earned   27,010
Office supplies   5,260 Rent expense   9,570
Land   44,010 Salaries expense   5,620
Office equipment   20,020 Telephone expense   880
Accounts payable   10,540 Miscellaneous expenses   530

Exercise 2-17 Preparing a statement of owner’s equity LO P3
Use the above information to prepare an August statement of owner’s equity for Help Today. The owner’s capital account balance at July 31 was $0, and the owner invested $102,100 cash in the company on August 1.
Required information
Use the following information for Exercises 16-18 below.
Skip to question
[The following information applies to the questions displayed below.]

Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company’s records show the following accounts and amounts for the month of August.

           
Cash $ 25,370 C. Camry, Withdrawals $ 6,020
Accounts receivable   22,370 Consulting fees earned   27,010
Office supplies   5,260 Rent expense   9,570
Land   44,010 Salaries expense   5,620
Office equipment   20,020 Telephone expense   880
Accounts payable   10,540 Miscellaneous expenses   530

Exercise 2-18 Preparing a balance sheet LO P3
Use the above information to prepare an August 31 balance sheet for Help Today. Hint: Compute the owner’s capital account balance as of August 31.

QS 2-6 Analyzing transactions and preparing journal entries LO P1

For each transaction, (1) analyze the transaction using the accounting equation, (2) record the transaction in journal entry form, and (3) post the entry using T-accounts to represent ledger accounts. Use the following (partial) chart of accounts—account numbers in parentheses: Cash (101); Accounts Receivable (106); Office Supplies (124); Trucks (153); Equipment (167); Accounts Payable (201); Unearned Landscaping Revenue (236); D. Tyler, Capital (301); D. Tyler, Withdrawals (302); Landscaping Revenue (403); Wages Expense (601), and Landscaping Expense (696).
a.   On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $89,000 in cash along with equipment having a $49,000 value.
b.   On May 21, Elegant Lawns purchases office supplies on credit for $660.
c.   On May 25, Elegant Lawns receives $9,700 cash for performing landscaping services.
d.   On May 30, Elegant Lawns receives $2,900 cash in advance of providing landscaping services to a customer.
The transactions of Spade Company appear below.
a.   Kacy Spade, owner, invested $13,250 cash in the company.
b.   The company purchased office supplies for $384 cash.
c.   The company purchased $7,327 of office equipment on credit.
d.   The company received $1,563 cash as fees for services provided to a customer.
e.   The company paid $7,327 cash to settle the payable for the office equipment purchased in transaction c.
f.     The company billed a customer $2,809 as fees for services provided.
g.   The company paid $535 cash for the monthly rent.
h.   The company collected $1,180 cash as partial payment for the account receivable created in transaction f.
i.     Kacy Spade withdrew $1,100 cash from the company for personal use.
Required:
1. Prepare general journal entries to record the transactions above for Spade Company by using the following accounts: Cash; Accounts Receivable; Office Supplies; Office Equipment; Accounts Payable; K. Spade, Capital; K. Spade, Withdrawals; Fees Earned; and Rent Expense. Use the letters beside each transaction to identify entries.
2. Post the above journal entries to T-accounts, which serve as the general ledger for this assignment.
 

 

Accounting homework help

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Here I posted some of my work and I need you to fix it and paraphrase it better. Also, Here some sources  that you should use to modify and make it better or write a new one better.
this assignment is very important please do your best.
the screen shot is your guidance  for the essay
MLA
1000 word to 1200
  • The importance of accounting relatively to decision making
    The importance of accounting in society plays a major role in making decisions as the
    information provided from accounting department allows managers to conduct a higher quality
    in making decisions. Accounting information helps managers to understand company’s
    positioning at one point in time. Especially with the current financial crisis as managers needs to
    have an extensive information to be able to plan and develop strategies that can adapt the
    economic situation which we live in for its survival. Accountants have the ability to influence
    management decision with their information provided to the organization by using qualitative
    and quantitive techniques. Accounting is beyond scorekeeping and financial reports as the
    information provided has to have a context of quality by evaluating and analyzing organization
    data and performance. Accountant role after implementing the scorekeeping function is also to
    embrace the opportunities and problems that senior managers need to pay attention, and clarify
    the best decision available that helps the organization to reach their primary goal.
    Historically, business owners were mostly interested in measuring the price of outputs relatively
    to the cost of inputs. However, in recent years, accounting has been a controversy for academic
    who are seeking to develop an efficient management system. The controversy was on whether
    accounting management is relevant to the decision-making, and is accounting management
    practices realistic enough to be reliable? Especially in time with new innovations and technology.
    Gary M. Entwistle and Fred phillips (2003, PP 81) argue that one of the flaws facing
    accounting is the framework of collecting information which is free from error and bias, got
    accounting into be less reliable as accounting has not yet been able to measure intangible assets.
    Such as brands, patents, and investment in human capital are extremely difficult to evaluate
    because measuring these unphysical assets can be bias. Apple, a technological manufacturing
    company ranked as the most valuable brand in the world, is valued roughly $241.2B in 2019
    ( Forbes, 2020). Apple’s brand value is growing dramatically because of the consistency of their
    development and the uniqueness of their product. As a result, Apple has gained investors and
    costumers trust and loyalty that considered to be an intangible asset. In addition, Apple intend to
    invest over $16 billion on research and development in 2019( CNBC, 2019). As this investment
    considered to be an expense to the company in accounting perspective. However, some critics
    believe that R&D is a future economic benefit that should be included to the balance sheet as I
    quote from Robert S. Kaplan and Johnson (1987, PP 22) explains that “The financial system
    treats many cash outlays as expense of the period in which they are made even though these
    outlays will benefit future period.” These critics appeared because the quick dramatic changes in
    behavior from the old traditional manufacturing to the new modern manufacturing economy
    resulted a gap between real world valuation and accounting quantitive practice which has raised
    the debate between whether accounting is practical or not.
    Furthermore, Critics refer to accounting management information as basic, broad, and takes time
    until managers can be able to act based on the information. Kaplan and Johnson (1987, p. 22)
    states that “management accounting is produced too late, too aggregated, and too distorted to be
    relevant for managers’ planning and control decision.” Traditionally, Accountant uses simple
    cost system that is not helpful for management to evaluate each product line performance.
    Traditional costing system sums up all the actives instead of allocating the actual expense which
    makes managers job much harder to improve each product line and eliminate any extra expenses
    by reason of its simplicity. Therefore, Accounting needed a new method of allocating costs that
    can clear managers vision on the actual expense for each line which was the Activity based
    costing developed by Cooper and Kaplan. ABC system revolutionized accounting management
    into be more effective tool for decision-making. ABC system provide management with the
    extensive data that guid management to pay attention on the resources consumed by each product
    line. It is more accurate and reliable than simple costing system. The benefits of using ABC
    system draws managers attention to any neglected aspects in the organization as it enhance
    managers quality of making-decision.
    A second method improves decision making is cost of quality. Cost of quality helps to
    assure better quality performance in every activity. It helps to improve productivity as well as
    reduction in waste. organizations use COQ to increase their competitive advantage. COQ
    provides managers an analyzed data which is relevant to the decision-making of developing
    process.
    On the other hand , the information provided from the accounting department is incomplete
    as the information context is required to have a full picture before making decision. The
    importance of knowing and understanding the challenges faces an organization is crucial to have
    an effective decisions making, as simple relevant cost system is incomplete and inconsistent with
    the organization’s strategic goals ( Blocher, 2009). A real world example is the firm that I work
    for, have a temporary limited production due to some maintenance as the company faces a high
    demand over firm’s capacity of production. The firm has two product line activity bag Cement
    and bulk cement as bag cement has 15% over cost than bulk cement because of the packing
    process, electricity and material cost ( paper bag ). Because of the high demand, the company
    needs to reduce one of the product sales. Obviously, bulk cement is much profitable using
    accounting quantitive perspective. In contrast, the sales department states that the market share
    of bag cement is stable and growth steadily, as decreasing company’s sales for bag cement might
    result a bad reputation for the company which will result difficulty in rebuilding business
    reputation and regaining our market share. Although, bulk sales is much profitable and generate
    less cost, bulk sales fluctuate from week to another which also depends on credit sales. Our bulk
    costumers can understand our temporary issue as we have been their suppliers ages ago. The
    accounting department and sales department are still discussing on the temporary issue as well as
    the financial department who is concerned in the cash flow matter. This issue shows the
    importance of qualitative and quantitive perspective to have a complete ground in making better
    management decision.
    conclusion