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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
2 answers
asked by
Christine
491 views
I have added Below my balance sheet and
income statement now the statement of owners equity is the beginning capital 28,2800 plus
3 answers
asked by
Christine
598 views
According to the Sarbanes-Oxley Act, the responsibility for issuing a report on a company's internal controls over financial
1 answer
asked by
HELP!
1,074 views
Prepare a schedule that lists the components of and calculates the personal and dependent exemption amount (based on current
2 answers
asked by
Jamie
714 views
Prepare the entry to record the accrued interest and the amortization of premium on December 31, 2010 using the straight-line
2 answers
asked by
Ashley
547 views
Original budget for 2009 included $600,000 fixed overhead and $400,000 variable overhead. Labor hours were estimated at 200,000
1 answer
asked by
Leslie
464 views
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
1 answer
asked by
Tasha
470 views
Original budget for 2009 included $600,000 fixed overhead and $400,000 variable overhead. Labor hours were estimated at 200,000
2 answers
asked by
Leslie
515 views
Please Help. I can't get the balance sheet to balance out at at. I am frustrated!
Prepare a Trial Balance, an Income Statement
3 answers
asked by
Jon
1,067 views
Sales Revenue: $71,200
Cost of Goods Sold: (a) Gross Profit: $30,000 Operating Expenses: (b) Net Income: $12,100 Find the missing
4 answers
asked by
NeedVerification
468 views
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
3 answers
asked by
Charolette
302 views
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
2 answers
asked by
Student of Accounting
513 views
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
1 answer
asked by
Student of Accounting
738 views
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.
1 answer
asked by
Kate
618 views
Present value analysis-cost of capital National Leasing is evaluating the cost of capital to use in its capital budgeting
1 answer
asked by
Linda
396 views
Explain why it is important to analyze each financial transaction of a business and to report it in the Accounting Information
2 answers
asked by
uknown
488 views
A process began the month with 3,000 units in the beginning work in process inventory and ended the month with 2,000 units in
4 answers
asked by
MAVIS
1,990 views
Materials costs of $300,000 and conversion costs of $321,300 were charged to a processing department in the month of September.
3 answers
asked by
MAVIS
855 views
If you treat the day of the month as a number (March 12th is the number 12, April 4th is the number 4), what is the average
2 answers
asked by
Gabe
553 views
What are some of the different types of budgets? Describe in detail one type of budget covered in the text. Describe what the
1 answer
asked by
Marty Wall
414 views
Kelly B. Roach
Single, 1 Allowance $415/week Deduction for 401(k) plan 50/week Annual Taxes Withheld 1,337.96 Social Security tax
1 answer
asked by
Michelle
668 views
What impact does amt have on the decision to whether to use either the percentage of completion method or completed contract for
1 answer
asked by
Marie
742 views
how and what do I post from the cash receipts journal to the general journal
1 answer
asked by
Dee
442 views
Directions: Be sure to make a copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated,
1 answer
asked by
Cheeze
405 views
Simon issues four-year bonds with a $50,000 par value on June 1, 2011, at a price of $47,974. The annual contract rate is 7%,
1 answer
asked by
Helen
367 views
Lovvern Trophies makes and sells trophies it distributes too little league ballplayers. The company normally produces and sells
1 answer
asked by
Mb
478 views
Accounting professionals must sometimes choose between two or more acceptable methods of accounting
for business transactions and
2 answers
asked by
Allison Anderson
549 views
When Resisto Systems, Inc., was formed, the company was authorized to issue 5,000 shares of $100 par value, 8 percent cumulative
1 answer
asked by
kate
909 views
Can someone tell me the formula of how to calculate depreciation?
1 answer
asked by
Serena
340 views
O' Hara Company began operations on December 1, 2011. Presented below is selected information related to O' Hara Company at
1 answer
asked by
ummu
782 views
The balance sheet of Burger King reports current assets of $30,500 and current liabilities of $15,800.
Calculate the current
2 answers
asked by
Francesca
541 views
If you are closing out a company how would you handle retained earnings?
Example: If I opened a company with my own cash for
1 answer
asked by
G
396 views
Assets = Liabilities + Equity
How can you tell which company have the strongest financial position? Is buy the highest in assets,
1 answer
asked by
Ana
392 views
Last year, Jasper Company earned operating income of $139,600 with a contribution margin ratio of 0.3. Actual revenue was
1 answer
asked by
Roger
351 views
(a) Using incremental analysis, determine whether SY Telc should accept this offer under each of the following independent
2 answers
asked by
Crystal
508 views
Worksheet data for Goode Company are presented in E4-2.
Instructions (a) Journalize the closing entries at April 30. (b) Post the
4 answers
asked by
Beth
508 views
Case study 2
Sailmakers Ltd John Jeffries recently left the army after more than 20 years in the service. He had decided that at
1 answer
asked by
Help me :)
389 views
Hayes Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, n/30 to all of its customers.
2 answers
asked by
Casey
1,029 views
Hayes Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, n/30 to all of its customers.
1 answer
asked by
Casey
467 views
Do you include opening stock in the profit and loss account?
1 answer
asked by
Remy
292 views
I am having difficulties with the accounting problem below
Roland Andersson is the manager of the Ekland Division of Ystad
1 answer
asked by
Del
427 views
Give an example where product and period costs are the same and a separate example where they are different.
1 answer
asked by
Mimi
344 views
In its first month of operations, Cisler Company made three purchases of merchandise in the following sequence:
(1) 300 units at
2 answers
asked by
Casey
1,051 views
In its first month of operations, Cisler Company made three purchases of merchandise in the following sequence:
(1) 300 units at
1 answer
asked by
Casey
671 views
In its first month of operations, Cisler Company made three purchases of merchandise in the following sequence:
(1) 300 units at
1 answer
asked by
Casey
740 views
A company's current ratio increased from 1.23 to 1.45. What does this mean?
1 answer
asked by
Michelle
425 views
If Tom, an accountant, agrees to provide accounting services to Carl, a friend, in exchange for Carl fixing Tom's office floor,
2 answers
asked by
Samantha
765 views
Continuing Cookie Chronicle
(Note: This is a continuation of the Cookie Chronicle from Chapters 1 through 6.) CCC7 Part 1 Natalie
3 answers
asked by
JerWandria
1,596 views
DATA:
The 2011 employee performance bonus will be $10 mil. The bonus is paid in March of 2012 is $9 mil The 2012 employee
1 answer
asked by
davve
966 views
Blane Company has the following data: Total Sales 800,000, Total Variable Costs 300,000, Fixed Costs 200,000, Units Sold 50,000,
3 answers
asked by
Anonymous
2,420 views
Paid advertising bill for June, $1,200.
1 answer
asked by
Quita
311 views
Which of the following expenses is deductible, but subject to the 2% limitation on Form 1040, Schedule A; Job Expenses and Most
2 answers
asked by
Andrew
596 views
For the current year, Sheila Jones had adjusted gross income of $100,000. During the year, she contributed $6,000 to her church
1 answer
asked by
Andrew
453 views
Identify internal control principles.
(SO 2), C The internal control procedures in Phillips Company make the following
2 answers
asked by
Jaymes
891 views
Much of accounting is directed at servicing the information needs of those users that are external to
an organization. Identify
1 answer
asked by
Mary
756 views
§179 expense is available for all of the following business assets except:
A. a bulldozer. B. a phone system. C. an apartment
2 answers
asked by
Andy
820 views
Della purchased a warehouse on February 25, 2011, for $350,000. $45,000 of the price was for the land. What is her cost recovery
2 answers
asked by
Andy
829 views
Which of the following is not a "trade or business" expense?
A. Mortgage interest on a warehouse b. Mortgage interest on a
2 answers
asked by
Billy
600 views
On May 26, 2007, Jamal purchased machinery for $30,000 to be used in his business. He did not elect to expense the equipment
1 answer
asked by
Billy
1,009 views
On July 15, 2009, Travis purchased some office furniture for $20,000 to be used in his business. He did not elect to expense the
2 answers
asked by
Billy
918 views
On November 30, 2011, Constance purchased an apartment building for $750,000. Determine her cost recovery deduction for 2011
2 answers
asked by
Billy
531 views
Problem 9-5 Warranties
Bombeck Company sells a product for $1500. When the customer buys it, Bombeck provides a one-year warranty
1 answer
asked by
Lisa
806 views
What is the difference between cash basis and accrual basis accounting? Why do accrual-basis financial statements provide more
1 answer
asked by
Mar
645 views
I have to do a research paper on the finance of GameStop, and I'm having problem with the first two questions:
1. If GameStop
1 answer
asked by
Viola
484 views
The Ritz Manor is a popular seaside resort. A double room costs $220 for one night. To reserve a room, guests must pay one
1 answer
asked by
Stephanie
353 views
Store equipment is purchased on January 1, 2002 at a cost of $14,000 and $1,000 was spent on its installation. The depreciation
1 answer
asked by
Anonymous
404 views
A woman would like to open a store in 8 years. She figures she will need 50,000 in capital to do so. She will make 10% on her
3 answers
asked by
Jeremy
495 views
Presented below are selected financial statement items for Rowe Corporation for December 31, 2012.
Inventory $55,000 Cash paid to
1 answer
asked by
Dan
625 views
Identify each statement as true or false. If false, indicate how to correct the statement.
1. Depreciation is a process of asset
3 answers
asked by
Casey
1,161 views
$10,000,000 face value, zero coupon bonds due in 20 years, priced on the market to yield 8% compounded semiannually.
1 answer
asked by
Bryan
445 views
Our company bought the fully-depreciated personal car of our General manager. What is the proper and correct journal entry?
1 answer
asked by
Benjo
377 views
Identify whether each description best applies to a periodic or a perpetual inventory system.
a. Provides more timely information
3 answers
asked by
Mar
1,679 views
At the beginning of April, Owl Corporation has a balance of $12,000 in the Retained Earnings account. During the month of April,
4 answers
asked by
John
1,659 views
Please prepare the following journal entries. Indicate which account should be debited and which account should be credited
2 answers
asked by
Anne
580 views
What types of cost information are reported to support managerial purposes and decisions?
Describe 2 major categories of purposes
1 answer
asked by
Rachel
405 views
1. Partially Correct
Check My Work Problem-Solving Strategy Problem 16-1 (Algorithmic) Statement of Cash Flows—Indirect Method
2 answers
asked by
shell
569 views
State ten users of accounting iformation and show their intrest 2 enumurate eighth qualities that accounting information must
1 answer
asked by
Charles
409 views
1.state ten users of accounting information and show their intrest 2. Enlimurate eight qualities that accounting information
1 answer
asked by
Charles
453 views
1.state ten users of accounting information and show their intrest 2. Enlimurate eight qualities that accounting information
1 answer
asked by
Charles
381 views
Questions
1. What is the issuing price for bonds A and B respectively? Show your calculations. 2. For bond A, provide the journal
1 answer
asked by
Kate
376 views
I have to create a contribution margin income statement (per unit) and need to determine how many burgers per hour I think the
2 answers
asked by
Kaity
929 views
When finding the break even point, I know that total fixed costs/contribution margin= Break Even Point, but is that answer in
1 answer
asked by
Katherine
349 views
Big Company purchased a machine on February 1, 2013, and will make seven semiannual payments of $26,000 beginning five years
1 answer
asked by
Anonymous
394 views
T/F Questions
The main reason that the bank statement cash balance and the company's cash balance do not initially balance is due
3 answers
asked by
Natalie
1,389 views
E6-9 (a,b)
Tiger Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below
1 answer
asked by
Dean
1,232 views
Imagen Arquitectonica of Tijuana, Mexico is contemplating a major change in its cost structure. Currently, all of its drafting
1 answer
asked by
Dean
800 views
Spencer Company manufactures and sells three products. Relevant per unit data concerning each product are given below.
Product A
3 answers
asked by
Dean
1,056 views
How to perpera the accounts of the company and cash flow statement
1 answer
asked by
Galane letshela
289 views
The ranking of project differs, depending on the use of IRR or NPV measures. Which project should be selected? Why is the IRR
1 answer
asked by
Anonymous
307 views
Prepare the income statement of Draper Consulting for the month ended Deceomber 31, 2012
1 answer
asked by
kim
357 views
Susan Kline works for Trend Press, a fairly large book publishing firm. Her best friend and rival, Lisa, works for Silver Books,
2 answers
asked by
Karen
481 views
What s an excess of expense over revenue called?
1 answer
asked by
Seinna
286 views
6. Suppose NPI’s reinvestment rate on all future retained earnings were 12% instead of the 16% assumed in the previous
1 answer
asked by
Anonymous
931 views
You own a gas pipeline that requires no maintenance and will produce $2 million of revenue next year. Unfortunately, the volume
4 answers
asked by
Anonymous
1,113 views
Holden Company's shareholders' equity includes 75,000 shares of $0.40 cumulative preferred shares that had been issued for
1 answer
asked by
Seinna
464 views
The annual interest rate for a customer’s loan of $675 is 19.25%. What is the total dollar amount to be repaid on the loan,
3 answers
asked by
Sienna
881 views
Your client Anjelica Seeds wants to purchase a Burg-N-Fry franchise. The buy-in is $500,000. Burg-N-Fry headquarters tells
1 answer
asked by
Kristen
861 views
Kathryn, an individual, own all of the outstanding stock in Copper Corporation. Kathryn purchased
her stock in Copper 11 years
1 answer
asked by
Tina
786 views
I am trying to figure out how to do this problem:
scenarios (projected $90,000 annual cash inflow vs. projected $70,000 annual
1 answer
asked by
Anna
436 views
I need help in working this problem...please help...
Gaines Company recently initiated a post audit program. To motivate
3 answers
asked by
Anna
940 views
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