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July 23, 2014

Homework Help: Business: Accounting

Recent Homework Questions About Accounting

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math
R. C. Droid has developed a new computer. He calls it the Droid computer. Mr. Droid has virtually every aspect of his new company well underway except for his sales force. He has not yet hired any salespeople to sell the Droid computer. Mr. Droid believes that any person with ...
Friday, November 4, 2011 at 1:42pm

accounting
Interfund Premiums -- Actuarial estimates from previous fiscal year to determine $ necessary to establish a reserve for losses. It was determined that General Fund and water utility should be assessed a 6% fee of total wages/salaries. Pub Safety 5,000,000 Gen Admin 1,500,000 ...
Friday, November 4, 2011 at 10:33am

Accounting
Present value analysis-cost of capital National Leasing is evaluating the cost of capital to use in its capital budgeting process. Over the recent past, the company has averaged a return on equity of 12% and a return on investment of 9%. The company can currently borrow short-...
Thursday, November 3, 2011 at 9:46pm

Accounting
On June 1, Coble Company Ltd. borrows $64,000 from First Bank on a 6-month, $64,000, 9% note. The note matures on December 1. (List multiple debit/credit entries from largest to smallest.) a) Prepare the entry on June 1. b) Prepare the adjusting entry on June 30. c) Prepare ...
Tuesday, November 1, 2011 at 7:54pm

accounting
1. Describe the roles and responsibilities of management and independent auditors in the financial reporting process 2. Define the following three users of financial accounting disclosures and the relationships among them: a) Financial analysts b) Private investors c) ...
Monday, October 31, 2011 at 9:06am

accounting
Selected year- end financial statements of Cadet Corporation follow. ( All sales were on credit; selected balance sheet amounts at December 31, 2008 (prior year – you will need this to calculate certain averages), were inventory, $ 56,900; total assets, $ 219,400; common ...
Sunday, October 30, 2011 at 4:42am

accounting
Express the following comparative income statements in common- size percents and assess whether or not this company’s situation has improved in the most recent year. 5 points) MULAN CORPORATION Comparative Income Statements For Years Ended December 31, 2009 and 2008 2009 ...
Sunday, October 30, 2011 at 4:41am

accounting
Classify each of the following costs incurred in manufacturing bicycles as variable (V), fi xed (F), or mixed (M) cost (using number of units produced as the activity measure). Also indicate whether the cost is direct material (DM), direct labor (DL), or overhead (OH). a. ...
Sunday, October 30, 2011 at 1:01am

accounting
Finishing Touches has two classes of stock authorized: 8%, $10 par preferred and $1 par value common. The following transactions affect stockholders' equity during 2010, its first year of operations: January 2 Issue 100,000 shares of common stock for $25 per share. ...
Saturday, October 29, 2011 at 12:51am

computer networking
You have been asked to help upgrade the LAN at a very successful CPA firm with five departments in one building and a total of 560 employees. Although the firm's employees understand accounting, they haven't spent much time improving their network. Currently, it runs ...
Friday, October 28, 2011 at 4:43pm

Accounting
Could someone please look this over and tell me if I have this correct? I am not confident in the Trial Balance. May 1 Cash 101 25,000 Common Stock 311 25,000 3 Supplies 126 2,500 Accounts Payable 201 2,500 7 Rent Expense 729 900 Cash 101 900 11 Accounts Receivable 112 2,100 ...
Wednesday, October 26, 2011 at 1:22pm

accounting
O' Hara Company began operations on December 1, 2011. Presented below is selected information related to O' Hara Company at December 31, 2011. Office Equipment ₤ 40,000 Utilities Expense ₤ 6,000 Cash 14,000 Accounts Receivable 27,000 Service Revenue 108,000...
Tuesday, October 25, 2011 at 3:17am

Accounting
Could someone please look this over and tell me if I have this correct? I am not confident in the Trial Balance.  May 1 Cash 101 25,000 Common Stock 311 25,000 3 Supplies 126 2,500 Accounts Payable 201 2,500 7 Rent Expense 729 900 Cash 101 900 11 Accounts Receivable 112 2...
Monday, October 24, 2011 at 10:29pm

accounting
Company reports net income of $ 530,000 for the year ended December 31, 2009. It also reports $ 95,400 depreciation expense and a $ 4,000 gain on the sale of machinery. Its comparative balance sheets reveal a $ 42,400 increase in accounts receivable, $21,730 increase in ...
Monday, October 24, 2011 at 7:31pm

accounting
:The balance sheet for Glenwood Corporation at December 31, 2011, showed the following subtotals: Current Assets $140,000 Current Liabilities 80,000 Property & Equipment 420,000 Total Stockholders' Equity 420,000 Retained Earnings 120,000 Total Liabilities 210,000 Other ...
Sunday, October 23, 2011 at 9:31pm

accounting
Journalize the write-offs and the year-end adjusting entry for 2012 under the allowance method, assuming that the allowance account had a beginning balance of $55,000 on January 1, 2012, and the company uses the analysis of receivables method. If an amount box does not require...
Sunday, October 23, 2011 at 4:02pm

Accounting
I have to write a paper for accounting and I have to write about how it affect my responsibility and how it will affect my future. I need to know how to get started on this.
Saturday, October 22, 2011 at 3:37pm

Accounting
Sales Revenue: $71,200 Cost of Goods Sold: (a) Gross Profit: $30,000 Operating Expenses: (b) Net Income: $12,100 Find the missing amounts. This is what I got: a) $41,200 b) $17,900 I am pretty sure I am doing this right. But before I move on with my homework, I would like to ...
Saturday, October 22, 2011 at 2:06pm

accounting
Suppose the business has total assets worth Rs. 450,000/- and total liabilities of Rs. 800,000/-. Mr. Ali has the personal property of Rs. 200,000/- and Mr. Yasir has the personal property of Rs. 125,000/-. In case the business is liquidated and declared as bankrupt, up to ...
Saturday, October 22, 2011 at 12:43pm

Accounting
Please Help. I can't get the balance sheet to balance out at at. I am frustrated! Prepare a Trial Balance, an Income Statement and a Balance Sheet. Doris' Custom Designs Jan. 1 Doris deposits $10,000 in the bank to start her business. (Hint: use "misc. credit"...
Friday, October 21, 2011 at 4:32pm

accounting
Explain the differences between a proprietorship, a partnership, and a corporation in 200 to 300 words. Why would an entrepreneur want to choose one over the other? If you were starting a new business, which would you choose? Explain why.
Wednesday, October 19, 2011 at 7:28am

Accounting
Original budget for 2009 included $600,000 fixed overhead and $400,000 variable overhead. Labor hours were estimated at 200,000 labor hours. The predetermined overhead rate was $5 per hour. Actual overhead turned out to be $1,100,000. Actual labor hours were 220,000 which ...
Tuesday, October 18, 2011 at 7:20pm

Accounting
How do I post an adjusted entry for the following: The company prepaid its 9th month rent agreement on 6-1-2010 and prepaid its 6th month insurance policy on 12-1-2010.
Tuesday, October 18, 2011 at 7:15pm

accounting
What generally accepted Accounting Principle(s) dominate the issue of asset valuation?
Tuesday, October 18, 2011 at 4:56pm

Accounting
Original budget for 2009 included $600,000 fixed overhead and $400,000 variable overhead. Labor hours were estimated at 200,000 labor hours. The predetermined overhead rate was $5 per hour. Actual overhead turned out to be $1,100,000. Actual labor hours were 220,000 which ...
Tuesday, October 18, 2011 at 12:22am

managerial accounting
For year ended December 31, 2006, firm a produced and sold 12,000 units of product. Fixed expenses associated with producing the product totaled $4000 for the year. A variable cost of $3.20 per unit was incurred to produce the product. Fixed expenses associated with selling ...
Monday, October 17, 2011 at 11:20am

managerial accounting
Werntz furniture had actual sales for July and august and forecasted sales for September, October, November and December as follows: Actual: July………………​……………… ​3;………………&#&#...
Monday, October 17, 2011 at 11:18am

accounting
Bill has just started working for a major grocery store as a check-out clerk. Mason is training him in the duties of the new position. At the end of the first day, Bill and Mason are counting the cash in their drawer and reconciling cash receipts to the cash register total. ...
Sunday, October 16, 2011 at 10:28pm

HUMAN ORGANIZATON BEHAVIOR..MS. SUE PLEASE HELP
can u help to have an idea to get the correct answer.for the question below. AUTOCRATIC,CUSTODIAL, SUPPORTIVE AND COLLEGIAL MODEL. What model of organizational behavior would be most appropriate in each of the following situations? (Assume that you must use the kinds of ...
Sunday, October 16, 2011 at 9:45pm

HUMAN ORGANIZATON BEHAVIOR.... PLEASE HELP
can u help to have an idea to get the correct answer.for the question below. What model of organizational behavior would be most appropriate in each of the following situations? (Assume that you must use the kinds of employees and supervisors currently available in your local ...
Sunday, October 16, 2011 at 8:01pm

accounting
My friend Robert Hughes runs hardware business in down town Dallas. Because of competition he relies on neighborhood customers for sales. From inception of operations to December 31, 2010, Robert Hughes Hardware Company provided for uncollectible accounts receivable under the ...
Sunday, October 16, 2011 at 6:08pm

Accounting
Prepare the entry to record the accrued interest and the amortization of premium on December 31, 2010 using the straight-line method. INFO: Sharapove Co common stock, $100 par 200 shares     $37,400 U.S. government bonds, 11%, due 4/1/2020, interest payable 4/1 & 10/...
Sunday, October 16, 2011 at 5:51pm

Accounting
Prepare a schedule that lists the components of and calculates the personal and dependent exemption amount (based on current year exemption and dependency amount) that would be included on the Brock's individual tax return based on the following information: The Brock'...
Sunday, October 16, 2011 at 1:18pm

accounting
Jane Doe of Creative Marketing was recording transactions into the accounting records to prepare financial statements for the bank in a loan application. Her expenses were higher than anticipated and she was concerned about the effects on net income. As she was recording $3,...
Friday, October 14, 2011 at 9:46am

cost accounting
The East Company manufactures several different products. Unit costs associated with Product ORD203 are as follows: Direct materials $50 Direct manufacturing labor 8 Variable manufacturing overhead 10 Fixed manufacturing overhead 23 Sales commissions (2% of sales) 5 ...
Friday, October 14, 2011 at 12:12am

accounting
Do you really think a company would offer a free gift to understate sales? It may avoid paying tax, but it is then giving away inventory. Do you think that is wise?
Thursday, October 13, 2011 at 9:22am

human behavior in organization pls. need help.
please can you help to get an answers from your own words. this is my assessment and i need tosubmit but i relly could not get the best answer.it's maybe because of my mother tongue is not an english.i would be very happy if you can help me so that i can submit. questons: ...
Wednesday, October 12, 2011 at 7:49pm

accounting
I do not understand why stock option compensations need to be included as an expense when calculating the company's net income?
Wednesday, October 12, 2011 at 3:04pm

managerial accounting
. (TCO 4) Paschal’s Parasailing Enterprises has estimated that fixed costs per month are $115,600 and variable cost per dollar of sales is $0.38. This means that the contribution margin ratio is 62 percent. (a) What is the break-even point per month in sales dollars? (b) ...
Wednesday, October 12, 2011 at 2:25am

managerial accounting
The building and equipment are estimated to cost $1,100,000 (ignore depreciation). The building and equipment have zero estimated residual value at the end of 10 years. Munster’s required rate of return for this project is 12 percent. Net Cash Flow related to each year of...
Wednesday, October 12, 2011 at 2:24am

Accounting
According to the Sarbanes-Oxley Act, the responsibility for issuing a report on a company's internal controls over financial reporting rests with: A.) both the company and its independent auditor. B.) the company. C.) the independent auditor. D.) neither the company nor ...
Tuesday, October 11, 2011 at 7:52pm

Accounting
I have added Below my balance sheet and income statement now the statement of owners equity is the beginning capital 28,2800 plus the net income 21,550 which is 49,750 less withdrawals 5,000 equals 44,750 which does not equal my assets. I cannot figure out what I am doing ...
Saturday, October 8, 2011 at 6:02pm

Accounting
Statement of Owner's Equity I've tried to get it to balnce with the amount of on my balance sheet of $54,500.00 but can not can you help Cash… …… ……… … … … ………$21,500 Accounts Receivable………17,...
Saturday, October 8, 2011 at 3:46pm

accounting
I have figured this out I just want to make sure I am correct in my answers. 1.On January 2, 2007, A company issued $100,000 of 5%, 10 year bonds. The bonds will mature in ten years. The bonds were sold for for 95% (or .95 of par) and will pay interest semi-annually, or twice ...
Saturday, October 8, 2011 at 3:28pm

accounting
On January 2, 2007, a company issued $100,000 of 5%, 10 year bonds. The bonds will mature in ten years. The bonds were sold for for 95% (or .95 of par) and will pay interest semi-annually, or twice a year, on June 30 and Dec 31. Record the journal entries to record the ...
Saturday, October 8, 2011 at 1:49pm

accounting
Maria Gonzalez opened a veterinary business in Nashville, Tennessee, on August 1. On August 31, the balance sheet showed Cash $9,000, Accounts Receivable $1,700, Supplies $600, Office Equipment $6,000, Accounts Payable $3,600, and M. Gonzalez, Capital $13,700. During September...
Thursday, October 6, 2011 at 6:13pm

accounting
Lily Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2009 $400,000 $250,000 2010 $460,000 $300,000 2011 $590,000 $400,000 Lily began business on January 1, 2009, with an investment of $100,000. Instructions ...
Thursday, October 6, 2011 at 6:12pm

accounting
Presented below are three business transactions. For each transaction indicate whether there is an Increase, a Decrease or No Effect on the assets, the liabilities and the owner's equity. Assets Liabilities Owner's Equity (a) Invested cash in the business. Increase ...
Thursday, October 6, 2011 at 6:11pm

accounting
Jan Nab is the sole owner of Deer Park, a public camping ground near the Lake Mead National Recreation Area. Jan has compiled the following financial information as of December 31, 2010. Revenues during 2010—camping fees $140,000 Market value of equipment $140,000 ...
Thursday, October 6, 2011 at 6:07pm

accounting
andrew quits his job as an accountantwhere he earns $45000 per year to go back to scool for 2 years to get an NBA degree. He attends a school that charges $25000 per year for tuition & related expenses. How much is the total cost (explicit plus opportunity) of that degree?
Wednesday, October 5, 2011 at 3:09pm

Accounting
You have recently been employed by a large retail chain that sells sporting goods. One of your tasks is to help prepare financial statements for external distribution. The chain's largest creditor, National Savings & Loan, requires that financial statements be prepared ...
Sunday, October 2, 2011 at 4:31pm

math
The financial officer for an accounting firm allows Dh 50,000 for computer supplies in the annual budget. After 6 months, Dh 26,200 has been spent on supplies. Is this figure within 55% of the annual budget?
Saturday, October 1, 2011 at 1:37pm

accounting
Describe the relationship of the financial statements used in the financial plan for 2010 for Patton-Fuller Community Hospital.
Friday, September 30, 2011 at 10:13pm

Psychology
Nature of Traits: Interactionism: Observe a social gathering. Write a 200 to 300 word response to the following: What influence does culture have on personality? Do you see a person's reaction to something as separate from social experience or as a result social experience...
Friday, September 30, 2011 at 12:38pm

accounting
Marks: 20 At the beginning of the fiscal year, ABC Clinic expected to treat 10,000 patients and estimated that it would incur $1,000,000 in overhead. At fiscal year end data indicated that the clinic only saw 9,000 patients and incurred overhead of $925,000.If the clinic used ...
Wednesday, September 28, 2011 at 10:44am

accounting
Billed patients for services rendered of $3,500. journal entry help.... is this account payable, debit, credit.etc.....(on journal entry )
Wednesday, September 28, 2011 at 10:26am

accounting
Ayres Services acquired an asset for $80 million in 2011. The asset is depreciated for financial reporting purposes over four years on a straight-line basis (no residual value). For tax purposes the asset's cost is depreciated by MACRS. The enacted tax rate is 40%. Amounts...
Wednesday, September 28, 2011 at 7:12am

accounting
How do write this as a journal entry transaction? Alex transferred $17,000 from his personal bank account to the corporation in exchange for capital stock.
Wednesday, September 28, 2011 at 3:07am

Accounting-HELP ME!
A company purchased machinery for $660,000 on May 1,2008. It is estimated that it will have a useful life of ten years,salvage value of $45,000, production of 350,000 units, and working hours of 60,000. During 2009 the company uses the machinery 3,050 hours, and the machinery ...
Tuesday, September 27, 2011 at 8:35pm

Accounting
Case 13-5 Lease Classifications Doherty Company leased equipment from Lambert Company. The classification of the lease makes a difference in the amounts reflected on the balance sheet and income statement of both Doherty and Lambert. Required: What criteria must be met by the ...
Saturday, September 24, 2011 at 9:05pm

Financial management
On December 31 of last year, Wolfson Corporation had in inventory 400 units of its product, which cost $21 per unit to produce. During January, the company produced 800 units at a cost of $24 per unit. Assuming that Wolfson Corporation sold 700 units in January, what was the ...
Thursday, September 22, 2011 at 4:01pm

accounting 1
jim smith had trouble finding a job, so he decided to start his own sole proprietorship by the name of designers, inc. jim is a web site designer and here are the results as of the end of the first year of his business.br accounts payable =$12,100br cash=$19,150br service ...
Thursday, September 22, 2011 at 12:04pm

Managerial finance
Larissa has also provided the following information. During the year, the company raised $40 million in new long-term debt and retired $22.8 million in long-term debt. The company also sold $30 million in new stock and repurchased $36 million. The company purchased $60 million...
Thursday, September 22, 2011 at 12:42am

intermediate 111
Wilson Corporation began operations in January 2008, and purchased a machine for $20,000. Wilson uses straight-line depreciation over a four-year period for financial reporting purposes. For tax purposes, the deduction is 50% of cost in 2008, 30% in 2009, and 20% in 2010. ...
Wednesday, September 21, 2011 at 7:47pm

accounting
Hanson Company uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 17,000 units in its beginning work in process inventory that were 60% complete with respect to conversion costs. The ...
Wednesday, September 21, 2011 at 3:05pm

Acct
Journalize the following transactions -Recieved cash from investment made by owner,$15000. Recieved cach providing accounting services, $8000. Billed customers on account for providing services, $4000. Paid Advertising expense 400. Recieved cash from customers on account 3500.
Tuesday, September 20, 2011 at 1:03pm

accounting
6. Acme Manufacturing Company estimates factory overhead as a percentage of machine hours. On 1.1.11, Acme estimates total factory overhead of $400,000 for the year, and estimates 20,000 machine hours will be required during the year. During the year, 10,000 units of product ...
Tuesday, September 20, 2011 at 11:44am

accounting
Bubba Production Company produces a homogenous product. All materials are added at the beginning of production and other product costs are added evenly over time until the product is complete. Conversion costs were 70% complete with respect to the 2,000 units in process July 1...
Tuesday, September 20, 2011 at 11:44am

accounting
Identify what professional development needs and goals are required for superannuation with a brief explanation of what each one is about.
Monday, September 19, 2011 at 8:04am

accounting
I have tried to figure out how to do this for four days and my textbook does not give an example on how to do this problem. Lower-of-Cost-or-Market Corrs Company began operations in 2007 and determined its ending inventory at cost and at lower of cost or market at December 31...
Friday, September 16, 2011 at 12:59pm

Managerial accounting
Han Products manufactures 30,000 units of part S-6 each year for use on its production line. At this level of activity, the cost per unit for part S-6 is as follows: Direct materials $ 3.60 Direct labor 10.00 Variable manufacturing overhead 2.40 Fixed manufacturing overhead 9....
Thursday, September 15, 2011 at 8:34pm

accounting
a company issues 7% 10 year bonds with a par value of $150,000 and semi annual payments. On the side date the annual market rate for these bonds are 8%, which implies a selling price of 93 1/4 the straight line is used to allocate interest expense what is the total amount of ...
Tuesday, September 13, 2011 at 11:22am

accounting
The fixed cost is 100,000 the price is $80. a pair the product is 10,000 paris direct labor $35 a pair, direct material $30 a pair, total overhead $15 which adds up to $80. I dont't know how to start with this, than its asking if outsoucing the price would be 10.50 a pair ...
Monday, September 12, 2011 at 12:42pm

Accounting
Cruise industries purchased $10,800 of merchandise on February 1, 2007, subject to a discount trade of 10% and with credit terms of 3/15, n/60. It returned $2,500 (gross price before trade or cash discount) on February 4. The invoice was paid on February 13. At what amount ...
Friday, September 9, 2011 at 10:05pm

Accounting
can somebody please explain to me how to do this problem: Cruise Industries purchased $10,800 of merchandise on February 1, 2007, subject to a trade discount of 10% and with credit terms of 3/15, n/60. It returned $2,500 (gross price before trade or cash discount) on February ...
Thursday, September 8, 2011 at 7:52pm

Accounting
Is there a relationship between ethical behavior in academia and ethical behavior in the business world? If I am correct I would have to say that there is a relationship between ethical behavior in academia and ethical behavior in the business world. I am I correct?
Thursday, September 8, 2011 at 1:05pm

Accounting
Considering how organization must manage cash, receivables, and inventories. Which of the three variables is the most important to manage? In my opinion I would have to say that the cash would be the most important to manage. Am I right?
Wednesday, September 7, 2011 at 6:38pm

accounting
If you notice that your accounts receivable days outstanding has doubled in the first 6 months. Do you give someone a bonus or put hin or her on probation? Why?
Monday, September 5, 2011 at 8:22pm

Managerial accounting
The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units to be produced 12,000 14,000 13,000 11,000 The selling price of the company&#...
Monday, September 5, 2011 at 12:18am

Math
VF is a small accounting firm supporting wealthy individuals in their preparation of annual income tax statement. Every December, VF sends out a short survey to their customers, asking for the information required for preparing the tax statements. Based on 24 years of ...
Wednesday, August 31, 2011 at 7:27pm

Accounting
March 3 Inventory units 60 per unit $1,500 total $90,000 March 8 Purchase 120 units $1,800 per unit total $216,000 March 11 Sal units 80 per units $5,000 total $400,000
Sunday, August 28, 2011 at 2:51am

ACCOUNTING
In your business’s first year in operation you had sales totaling $40,000 and collected $30,000 from your customers. You also incurred $20,000 in expenses but $5,000 of them will not be paid until the following year. Calculate your profit or loss under the cash and ...
Friday, August 26, 2011 at 10:27pm

ACCOUNTING
On July 1, 2011 you purchase and pay $36,000 for a three year insurance policy. How much will your insurance expense be this year and during the following three years under the cash and accrual basis methods? At December 31 of each year, how much will Pre-Paid Insurance be on ...
Friday, August 26, 2011 at 10:13pm

accounting
what is the journal entry if a owner of a company deposited $15,000 in their checking account. In return they received 1000 shares of common stock in their corporation. The par value of the common stock is $1 per share?
Friday, August 26, 2011 at 4:29pm

Accounting
What would be the effect of removing either the Matching Principle or the Revenue Recognition Principle from the process? Use a concrete example of how doing so might affect accounting in a given period.
Wednesday, August 24, 2011 at 10:26pm

accounting
What is the journal entry to record a sale but no cash comes in?
Wednesday, August 24, 2011 at 2:11pm

Accounting
At the beginning of the year, Keller Company's liabilities equal $60,000. During the year, assets increased by $80,000, and at year-end assets equal $180,000. Liabilities decrease $10,000 during the year. What are the beginning and ending amount of equity?
Tuesday, August 16, 2011 at 5:47pm

accounting
At the beginning of the year, Logan company's assets are $200,000 and its equity is $150,000. during the year, assets increase $70,000 and liabilities increase $30,000. What is the equity at the end of the year?
Tuesday, August 16, 2011 at 5:44pm

accounting
Pearson began 20XX with 30,000 $1 common shares issued and outstanding. Paid in capital in excess of par was $25,000 and retained earnings were $75,000. Net income for 20XXwas $22,000. Requirements: Review Pearson's transactions for 20XX in the Excel Template below, then: ...
Monday, August 15, 2011 at 5:06pm

Accounting
Why do you think the Accumulated Depreciation-Equipment has a zero on the trail balance section?
Monday, August 15, 2011 at 12:12pm

accounting
1. Please refer to the worksheet below. Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Cash $1,700 $1,700 $1,700 Accounts receivable 8,500 $2,000 10,500 10,500 Supplies 100 $80 20 20 ...
Monday, August 15, 2011 at 12:45am

health care
You are the CIO of the healthcare organization. Your project team has advised you that the supervisor of the accounting department is less than enthusiastic about the idea of interviewing his staff for information needs assessment. After questioning your team further, it ...
Sunday, August 14, 2011 at 8:41pm

accounting
Valmont, Inc. experienced the following events in 2012, in its first year of operation. 1. Received $20,000 cash from the issue of common stock. 2. Performed services on account for $50,000. 3. Paid utility expense of $12,500. 4. Collected $39,000 of the accounts receivable. 5...
Sunday, August 7, 2011 at 3:08pm

Manageral accounting
Gallatin Carpet Cleaning is a small, family-owned business ooperating out of Bozeman, Montana. For its services, the company has always charged a flat fee per hundred square feet of carpet cleaned. The current fee is $28 per hundred square feet. However, there is some question...
Saturday, August 6, 2011 at 3:32pm

managerial accounting
Walt ’ s Whistles manufactures referee whistles. At the end of February, Walt ’ s has 2,000 pounds of steel for whistles in inventory. Walt ’ s expects to produce and sell 50,000 whistles in March. Each whistle requires a standard quantity of 0.2 pounds of steel...
Thursday, August 4, 2011 at 2:31am

accounting
On January 1, 2006, Powell Company purchased a building and machinery that have the following useful lives, salvage value, and costs. Building, 25-year estimated useful life, $4,000,000 cost, $400,000 salvage value Machinery, 10-year estimated useful life, $500,000 cost, no ...
Tuesday, August 2, 2011 at 4:01pm

accouting
Horton Company, as lessee, enters into a lease agreement on July 1, 2008, for equipment. The following data are relevant to the lease agreement: 1. The term of the non-cancelable lease is 4 years, with no renewal option. Payments of 422,689 are due on June 30, of each year. 2...
Monday, August 1, 2011 at 11:51pm

accounting
Horton Company, as lessee, enters into a lease agreement on July 1, 2008, for equipment. The following data are relevant to the lease agreement:
Monday, August 1, 2011 at 11:38pm

Accounting
Complete an Income Statement, Statement of Owner's Equity, and Balance Sheet using the information provided below for Rya’s Planning Services. Cash… …… ……… … … … ………$21,500 Accounts Receivable……&#...
Sunday, July 31, 2011 at 12:42pm

accounting
angela bennett is an employee at coopers and smith cpa firm. Angela, a part-time student, is working on her graduate degree in history. Coopers & Smith which has an educational assistance program reimburses Angela $6,000 of her educational expenses she incurred in the year. ...
Sunday, July 31, 2011 at 2:54am

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