Hult International Business School Accounting Assignment

This document presents a comprehensive solution to an accounting assignment from Hult International Business School's EMBA program. The assignment covers a wide range of accounting topics, including journalizing transactions, identifying revenue recognition, preparing adjusting entries, analyzing stockholders' equity, creating a statement of cash flows using the indirect method, recording sales transactions with discounts and returns, evaluating the impact of transactions on financial statement components, estimating bad debt expense using the aging analysis, inferring missing amounts from income statement relationships, reporting inventory using the lower of cost or market method, analyzing and interpreting the inventory turnover ratio, computing and recording the cost and depreciation of assets, and calculating working capital. The solution provides detailed explanations, calculations, and journal entries for each problem, offering a thorough understanding of the accounting principles involved.