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financial acct

Crowns issed 40,000 shares of $5 par value common stock for $14 per share. Prepare journal entries using a chart of acct.

math ..PLEASE HELP !!!

A local bank reports that 70% of its customers maintain a chequing acct, 50% have a savings acct and 40% have both.If a customer was chosen at random a) what is the probability customer has a chequing or saving acct b)probability the selected customer has neither c)probability...

Algebra - Question about Answers

I would like to know if my answers are correct. A principal of 6500.00 is invested in an account paying an annual rate of 4%. Find amount in acct after 4 years if acct is compounded semiannually, quarterly and monthly. Semiannually - 7615.79 Quarterly - 7621.76 Monthly-7613.64


why is internal control important?


How do you Calculate cash on the balance sheet

acct. question

is there a formula how to calulate for the revenues, expenses , and income


which account will not appear on an after -closing trial balance?


A lumber yard is going to cut a board which is 18 m into 16 pieces of equal length. How long will each piece b

acct ch2

use information from T-account in exercise 2-15 to prepare general journal entries for each of the seven transaction a through g


ow are intangible assets handled on a typical corporate tax return? Are they "amortized" in the same manner? If it is different, why do you think it is that way?


Institutions in the economy that help to match one person's saving with another person's investment are collectively


Post to the account Stock Investments. Common Stock Shares Cost Co.A

Fin Acct.

if you deposit money today in an account that pays 6.5% annual interest, how long will it take to double your money?

acct. question

my question is what are the steps for the accounting cycle?


If a transaction is needed for, Completed and delivered a set of plans for a client and collected $5,700 cash. How do you know if this goes into the Accounts recievable or the Fees Earned account?

Personal finance

A saver has $2500 on deposit in an acct. earning 5% interest. During this yr., the inflation rate was 6%. After one yr. what is the buying power of the amount of savings for that person?


Using the Exact Interest rule, compute the interest on the following note: $9,000 for 45 days at 23.5%. (round to the nearest cent)


How might the choice of cost flow assumptions affect the company's cost of goods sold and ending inventory balance?


The present value of the money in your savings acct is $420, and you're receiving 3% annual interest compounded monthly. What is the future value in 2 months?


Select a management function (planning, directing and motivating, or controlling) and explain how that function relates to business as a whole. Minimum 150 words.


What type of financial reports would you expect to see in a business, and how can these reports be used to make business decisions?

Financial analysis

XYZ Corp. Balance Sheet 12/31 2001 Cash $120 Acct. Receivable 260 Inventory 500 Equipment (net) 620 Total assets $1500 Acct. Payable 350 Mortgage payable 500 Capital Stock (100 shares) 200 Retained earinings 450 total equities 1500 Z corp income statement FYE 12/31/01 Sales $...

payroll acct

Mary makes $12.50 per hr she worked 44.5 hrs so i did 40 times 12.50 then 4.5 times $18.75 the added the totals But her cum. wages was $27,675.13 i need to know the taxable wages for OSADI and MEDICARE what is the amt being taken out for OASDI and MEDICARE


how will I journalize this transaction? Rented a backhoe to Mission Landscaping at a price of $250 per day, to be paid when the backhoe is returned. Mission Landscaping expects to keep the backhoe for about two or three weeks

financial acct

how will I journalize this transaction? Rented a backhoe to Mission Landscaping at a price of $250 per day, to be paid when the backhoe is returned. Mission Landscaping expects to keep the backhoe for about two or three weeks

Acct HELP!!!!

1. Quarter Corporation had the following transactions during the quarter ended June 30, 2010: Loss from tsunami damage (extraordinary) $985,000 Payment of fire insurance premium for the period April 1, 2010 - March 31, 2011 480,000

mth 156

a company needs $55,000 in 7 years for a new addition. To meet this goal, the company needs to deposit money in an acct today that pays 5% annual interest compounded quarterly. What amount should the company invest to total $55,000 in 7 years? Thanks!


One of the companies for which you provide accounting services offers office cleaning services and has 8 customers. Cleaning services are provided in the evenings, Sunday through Thursday, at a rate of $30 per day. Billing is done every Friday. During the month, revenue is ...


Assume that equipment with a balance in the equipment account of $7,200 is discarded. The balance in the Accumulated Depreciation account is $4,900. Cash is received for the equipment totaling $2,600. Please give the journal entry to record the write-off of equipment discarded.


Robert's acct p $98.50 has been delinquent for three months. Office procedures charge a 2% service charge after 90 days componded monthly and is added to future bills. What will be the amount owed after nine months? I did $98.50 x 2% = $1.97 $1.97 x 6months = $11.82 $98.50+ $...

Managerial Acct

The owners have invested $2,000,000 in the company and feel that they should be earning at least 2% per month on these funds. If the absorption costing approach to pricing were used, what would be the target selling price based on the current sales of 50,000 units? What do you...


Journalize the following transactions -Received cash from investment made by owner,$15000. Received cach providing accounting services, $8000. Billed customers on account for providing services, $4000. Paid Advertising expense 400. Received cash from customers on account 3500.

Acct 100 Question

Glanville Distribution markets CDs of the performing artist Harrilyn Clooney. At the beginning of March, Glanville had in beginning inventory 1,500 Clooney CDs with a unit cost of $7. During March Glanville made the following purchases of Clooney CDs.


Post to the account Stock Investments. Common Stock Shares Cost Co.A 1,980 $91,080 Co.B 4,990 $44,910 Co.C 1,100 $24,200 I am trying to figure out what the stock investment amount is and to find the stock investment. Additional information Sept 1, Sold 998 shares of B CO. ...

Acct/ Fwederal Taxation

Itemized Deductions: During 2009 Sam had incurs the following deductible expenses: state income taxes $2,300,local property taxes $2,000, medical expenses $800,and charitable contributions $1,500. Sam is aingle with no dependents and has a $35,000 AGI for the year. WHAT IS THE...

acct ii

A company has $314,000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The allowance for doubtful accounts now has a $1,890 debit balance. If the company estimates that $8,160 of accounts will be uncollectible based on an aging of ...

acct HELP!!!

In January 2010, Rich Corporation estimated that its 2010 year-end bonus to executives would be $1,125,000 for 2010. This forecast was based on the actual amount paid for the bonuses in the previous year. The estimate for 2010 is subject to change as the year adjusts. What ...


Explain how these laws intertwine: Title VII of the Civil Rights Acct of 1964, Civil Rights 1991, Opportunity act 1972, Age Discrimination of 1967, Disabilities act, immigration reform and control act of 1986, Fair labor standards act Also explain how the number of employees ...

acct. question

then the next step for the general journal entry says the same thing which both of these are giveing me a hard time. Purchased land worth $54,000 for an office by paying $5,400 cash and signing a long-term note payable ofr $48, 600. so, would i place the 54,000 under debit ...

acct.information system components

can someone correct these for me when you have a chance thanks: a) source documents b) input devices c) information process d) information storage e) output devices I have to assigned them to the following titles that best plays role in the accouting system. My answers are in ...

Managerial Accounting

Greetings, I just started my accounting class and I do not have any accounting experience of knowledge (my first acct class). Could you please help me out. I just need the traditional and ABC direct, indirect, and unallocated cost answer for the two accounting systems. You ...

managerial acct

Need help with this problem. Please show me how to work this one: The level of inventory of a manufactured product has increased by 8,000 units during a period. The following data are also available Unit manufacturing costs of the period: Variable: $24 Fixed: $10 Unit ...

acct. correction

can someone correct these for me thanks. for the accounting cycle. i have to place these in order. a) Posting the journal entries b) Journalizing and posting adjusting entries c) Preparing the adjusted trial balances d) Journalizing and posting closing entries e) Analyzing ...


The Supplies account had a balance of $4,800 at the beginning of the month and $6,400 at the end of the month. The cost of supplies purchased during the month was $15,600. Calculate the cost of supplies used during the month. The cost of supplies is 14,000. It says to use t-...

Inter. acct.

You have been retained as a consultant by the company’s Audit Committee of the Board of Director’s, and asked to research three separate issues. First the typical acquisition costs associated with land purchases. Use the facts presented in Exercise 10-1 to illustrate your ...


The question is: In the journal provided, prepare year- end adjustments for the following situations. Omit explanations. a. accrued interest on notes receivable is $105 b. of the $12,000 received in advance of earning a service, one third was still unearned by year end. c. ...


Far North Telecom, Ltd., of Ontario, has organized a new division to manufacture and sell specialty cellular telephones. The division’s monthly costs are shown in the table below. Far North Telecom regards all of its workers as full-time employees and the company has a long-...


Business is going well for Email Designers. The board of directors of this family-owned company believes that Email Designers could earn an additional $1,000,000 income before interest and taxes by expanding into new markets. However, the $4,000,000 the business needs for ...


(a) Fill in the missing amounts. (If answer is zero, please enter 0. Do not leave any fields blank.) Account Titles Trial Balance Adjusted Trial Balance Dr. Cr. Dr. Cr. Accounts Receivable 34,000 Prepaid Insurance 26,000 20,000 Supplies 7,000 Accumulated Depreciation 12,000 ...

ACCT 2100

The bookkeeper for Andy’s Country Music Bar went insane and left this incomplete balance sheet. Andy’s working capital is $95,000 and its debt to assets ratio is 40 percent. Required: Complete the balance sheet by supplying the missing amounts. (Round your answers to the ...

Financial Acct. (again) sorry

Hi again, I was wondering if anyone might know how to check my answers to these questions on accounting...thanks!! 1. The current portion of long-term debt should a. not be separated from the long-term portion of debt. b. be paid immediately. c. be reclassified as a current ...


please help me to get the answers choices below just choice the letter provied. thanks a lot 1.Asset would be increased by : a.Debit to Prepaid Insurance b.Debit to expense c.Credit to Cash d.Debit to Notes Payable 2.Failure to record a bill from Meralco for services already ...


Hutton Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursement journal, and a general journal. The following transactions occur in the month of March: 1) Mar 2 Sold merchandise costing $300 to B Fager for $450 cash, invoice no 5703. 2) 5...


Suppose Caroline is a cinephile and buys only movie tickets. Caroline deposits $3000 in a bank acct that pays an annual interest rate of 20%. You can assume that this interest rate is fixed-that is, it won’t change over time. At the time of her deposit, a movie ticket is ...


Please someone show me how to work this one out? Suppose Caroline is a cinephile and buys only movie tickets. Caroline deposits $3000 in a bank acct that pays an annual interest rate of 20%. You can assume that this interest rate is fixed-that is, it won’t change over time. ...


Els Company most recently reconciled its bank statement? Els Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding, No. 5888 for $1,038.05 and No. 5893 for $484.25. The following information is ...


Part D - August Variance Analysis During September of the current year, the controller was asked to perform variance analyses for August. The January operating data provided the standard prices, rates, times, and quantities per case. There were 1,200 cases produced during ...


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