Homework Answers
| No | Account Details & Explanation | Debit | Credit |
| 1 | Cash | $10,000 | |
| Land | $8,000 | ||
| Gain on sale of land | $2,000 | ||
| 2 | Cash | $21,700 | |
| Common stock | $21,700 | ||
| 3 | Depreciation expense | 15,800 | |
| Accumulated Depreciation (building) | $15,800 | ||
| 4 | Salaries Expense | $7,400 | |
| Cash | $7,400 | ||
| 5 | Equipment | $8,700 | |
| Common stock (par value = $1) | $1,000 | ||
| Additional paid-in capital-common stock | $7,700 | ||
| 6 | Cash | $1,632 | |
| Accumulated Depreciation - Equipment | $9,520 | ||
| Loss on sale of Equipment | $2,448 | ||
| Equipment | $13,600 |
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© Microeconomics Te Login ADP Workfo... EL APA Sample Paper 7. Credit Cards Exercise 12-03 Marigold...
I need the answer within 10 to 15 minutes please. gnment Exercise 12-7 comparative balance sheets...
I
need the answer within 10 to 15 minutes please.
gnment Exercise 12-7 comparative balance sheets for Bridgeport Company. Shown below are Bridgeport Company Comparative Balance Sheets December 31 Assets 2017 2016 Cash $143,888 $ 46,552 Accounts receivable 186,208 160,816 Inventory 353,372 399,924 Land 169,280 211,600 Equipment 550,160 423,200 Accumulated depreciation-equipment (139,656) (67,712) Total $1,263,252 $1,174,380 Liabilities and Stockholders' Equity Accounts payable Bonds payable $82,524 $90,988 317,400 423,200 Common stock ($1 par) 457,056 368,184 Retained earnings 406,272 292,008 Total $1,263,252...
Yster Announcements -actice Assignment Gradebook ORION Downloadable eTextbook gnment Credit Cullumber Advertising Trial Balance October 31,...
Yster Announcements -actice Assignment Gradebook ORION Downloadable eTextbook gnment Credit Cullumber Advertising Trial Balance October 31, 2017 Debit Cash $15,000 Supplies 2,600 Prepaid Insurance 500 Equipment 4,200 Notes Payable Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings 400 Service Revenue Salaries and Wages Expense 4,200 Rent Expense 900 $27,800 $4,600 2,500 1,200 8,700 10,800 $27,800 Assume the following adjustment data. 1. Supplies on hand at October 31 total $600. 2. Expired insurance for the month is $300. 3. Depreciation...
Practice Assignment Gradebook ORION Downloadable eTextbook ignment Question 2 At January 1, 2018, Cullumber Limited reported...
Practice Assignment Gradebook ORION Downloadable eTextbook ignment Question 2 At January 1, 2018, Cullumber Limited reported the following property, plant, and equipment accounts: Accumulated depreciation-buildings 559,500,000 Accumulated depreciation equipment 50,700,000 Buildings 99,300,000 Equipment 140,000,000 Land 20,700,000 The company uses straight-line depreciation for buildings and equipment, its year end is December 31, and it makes adjusting entries annually. The buildings are estimated to have a 40-year useful life and no residual value; the equipment is estimated to have a 10-year useful...
CALCULATOR FULL SCREEN PRINTER VERSE Exercise 4-21 (Part Level Submission) Selected year-end account balances from the...
CALCULATOR FULL SCREEN PRINTER VERSE Exercise 4-21 (Part Level Submission) Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Indigo Corporation is provided below. Credit Debit $65,340 23,670 11,880 191,520 81,990 Accounts Receivable Dividends Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation-Equipment Unearned Rent Revenue Service Revenue Rent Revenue Rent Expense Retained Earnings Supplies Expense $47,700 103,320 20,610 165,420 5,580 3,240 55,620 1,260 (a) Prepare closing entries. (Credit account titles are...
nent CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION BAR Exercise 3-01 Beverly Crusher is a...
nent CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION BAR Exercise 3-01 Beverly Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred. April 2 Invested $32,000 cash and equipment valued at $14,000 in the business. 2 Hired an administrative assistant at a salary of $290 per week payable monthly 3 Purchased supplies on account $700. (Debit an asset account.) 7 Paid office rent of $600 for...
Can I please get someone to help me with this question? ASSIGNMENT RESOURCES roblem 15 1...
Can I please get someone to help me with this question?
ASSIGNMENT RESOURCES roblem 15 1 1.3. tiomiewark On January 5, 2017, Larkspur Corporation received a charter granting the right to issue 4,600 shares of字100 par value, 8% cumulative and nonparticipating prefered stock, and 53.300 shares of $10 par value common stock. It then complcted thesc tronsactions Jan. 11 Issued 20,100 shares of common stock at $17 per share. Feb. 1 Issued to Sanchez Corp. 4,200 shares of preferred stock...
OURCES ed Exercise 3-09 The trial balance for Pioneer Advertising is shown below. 2-9 (Part n)...
OURCES ed Exercise 3-09 The trial balance for Pioneer Advertising is shown below. 2-9 (Part n) Credit y Study Cullumber Advertising Trial Balance October 31, 2017 Debit Cash $15,000 Supplies 2,600 Prepaid Insurance 500 Equipment 4,200 Notes Payable Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings 400 Service Revenue Salaries and Wages Expense 4,200 Rent Expense 900 $27,800 $4,600 2,500 1,200 8,700 10,800 $27,800 Assume the following adjustment data. 1. Supplies on hand at October 31 total $600. Expired...
The unadjusted trial balance for Culver Corporation is shown below. CULVER CORPORATION Trial Balance October 31,...
The unadjusted trial balance for Culver Corporation is shown below. CULVER CORPORATION Trial Balance October 31, 2022 Credit Debit $15,940 3,270 690 4,810 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense $4,810 2,790 1,840 11,490 0 500 9,200 4,000 920 $30,130 $30,130 Assume the following adjustment data. 1. Supplies on hand at October 31 total $540. Policy | 2000-2020 John Wiley & Sons,...
Exercise 11-16 Presented below is information related to equipment owned by Cheyenne Company at December 31,...
Exercise 11-16 Presented below
is information related to equipment owned by Cheyenne Company at
December 31, 2017. Cost $10,800,000 Accumulated depreciation to
date 1,200,000 Expected future net cash flows 8,400,000 Fair value
5,760,000 Assume that Cheyenne will continue to use this asset in
the future. As of December 31, 2017, the equipment has a remaining
useful life of 5 years. Prepare the journal entry (if any) to
record the impairment of the asset at December 31, 2017. (If no
entry...
Problem 13°UI On January 5, 2020, Ayayai Corporation received a charter granting the right to issue...
Problem 13°UI On January 5, 2020, Ayayai Corporation received a charter granting the right to issue 4,600 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 45,800 shares of $10 par value common stock. It then completed these transactions. Ch 15 HW 20/02 Practice Brief Exercise 15--05 Problem 15-01 Exercise 15-18 Accounting Analysis and Principles Problem 15-06 Comparative Analysis Case Jan. 11 Feb. 1 July 29 Aug. 10 Dec. 31 Dec. 31 Issued 20,900 shares of common...
I
need the answer within 10 to 15 minutes please.
gnment Exercise 12-7 comparative balance sheets for Bridgeport Company. Shown below are Bridgeport Company Comparative Balance Sheets December 31 Assets 2017 2016 Cash $143,888 $ 46,552 Accounts receivable 186,208 160,816 Inventory 353,372 399,924 Land 169,280 211,600 Equipment 550,160 423,200 Accumulated depreciation-equipment (139,656) (67,712) Total $1,263,252 $1,174,380 Liabilities and Stockholders' Equity Accounts payable Bonds payable $82,524 $90,988 317,400 423,200 Common stock ($1 par) 457,056 368,184 Retained earnings 406,272 292,008 Total $1,263,252...
Yster Announcements -actice Assignment Gradebook ORION Downloadable eTextbook gnment Credit Cullumber Advertising Trial Balance October 31, 2017 Debit Cash $15,000 Supplies 2,600 Prepaid Insurance 500 Equipment 4,200 Notes Payable Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings 400 Service Revenue Salaries and Wages Expense 4,200 Rent Expense 900 $27,800 $4,600 2,500 1,200 8,700 10,800 $27,800 Assume the following adjustment data. 1. Supplies on hand at October 31 total $600. 2. Expired insurance for the month is $300. 3. Depreciation...
Practice Assignment Gradebook ORION Downloadable eTextbook ignment Question 2 At January 1, 2018, Cullumber Limited reported the following property, plant, and equipment accounts: Accumulated depreciation-buildings 559,500,000 Accumulated depreciation equipment 50,700,000 Buildings 99,300,000 Equipment 140,000,000 Land 20,700,000 The company uses straight-line depreciation for buildings and equipment, its year end is December 31, and it makes adjusting entries annually. The buildings are estimated to have a 40-year useful life and no residual value; the equipment is estimated to have a 10-year useful...
CALCULATOR FULL SCREEN PRINTER VERSE Exercise 4-21 (Part Level Submission) Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Indigo Corporation is provided below. Credit Debit $65,340 23,670 11,880 191,520 81,990 Accounts Receivable Dividends Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation-Equipment Unearned Rent Revenue Service Revenue Rent Revenue Rent Expense Retained Earnings Supplies Expense $47,700 103,320 20,610 165,420 5,580 3,240 55,620 1,260 (a) Prepare closing entries. (Credit account titles are...
nent CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION BAR Exercise 3-01 Beverly Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred. April 2 Invested $32,000 cash and equipment valued at $14,000 in the business. 2 Hired an administrative assistant at a salary of $290 per week payable monthly 3 Purchased supplies on account $700. (Debit an asset account.) 7 Paid office rent of $600 for...
Can I please get someone to help me with this question?
ASSIGNMENT RESOURCES roblem 15 1 1.3. tiomiewark On January 5, 2017, Larkspur Corporation received a charter granting the right to issue 4,600 shares of字100 par value, 8% cumulative and nonparticipating prefered stock, and 53.300 shares of $10 par value common stock. It then complcted thesc tronsactions Jan. 11 Issued 20,100 shares of common stock at $17 per share. Feb. 1 Issued to Sanchez Corp. 4,200 shares of preferred stock...
OURCES ed Exercise 3-09 The trial balance for Pioneer Advertising is shown below. 2-9 (Part n) Credit y Study Cullumber Advertising Trial Balance October 31, 2017 Debit Cash $15,000 Supplies 2,600 Prepaid Insurance 500 Equipment 4,200 Notes Payable Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings 400 Service Revenue Salaries and Wages Expense 4,200 Rent Expense 900 $27,800 $4,600 2,500 1,200 8,700 10,800 $27,800 Assume the following adjustment data. 1. Supplies on hand at October 31 total $600. Expired...
The unadjusted trial balance for Culver Corporation is shown below. CULVER CORPORATION Trial Balance October 31, 2022 Credit Debit $15,940 3,270 690 4,810 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense $4,810 2,790 1,840 11,490 0 500 9,200 4,000 920 $30,130 $30,130 Assume the following adjustment data. 1. Supplies on hand at October 31 total $540. Policy | 2000-2020 John Wiley & Sons,...
Exercise 11-16 Presented below
is information related to equipment owned by Cheyenne Company at
December 31, 2017. Cost $10,800,000 Accumulated depreciation to
date 1,200,000 Expected future net cash flows 8,400,000 Fair value
5,760,000 Assume that Cheyenne will continue to use this asset in
the future. As of December 31, 2017, the equipment has a remaining
useful life of 5 years. Prepare the journal entry (if any) to
record the impairment of the asset at December 31, 2017. (If no
entry...
Problem 13°UI On January 5, 2020, Ayayai Corporation received a charter granting the right to issue 4,600 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 45,800 shares of $10 par value common stock. It then completed these transactions. Ch 15 HW 20/02 Practice Brief Exercise 15--05 Problem 15-01 Exercise 15-18 Accounting Analysis and Principles Problem 15-06 Comparative Analysis Case Jan. 11 Feb. 1 July 29 Aug. 10 Dec. 31 Dec. 31 Issued 20,900 shares of common...
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