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1 Microsoft Office X abier exemp l e wyplus.com/edugent/main Return to Blackboard Is Kiese, Intermediate Accounting,...
O Mail - Erstberger, Cameron M X + wileyplus.com/edugen/lti/main.uni Return to Blackboard Kieso, Intermediate Accounting, 16e...
O Mail - Erstberger, Cameron M X + wileyplus.com/edugen/lti/main.uni Return to Blackboard Kieso, Intermediate Accounting, 16e Help System Announcements ATOR PRINTER VERSION « BACK Question 16 Nash Corporation operates in an industry that has a high rate of bad debts. Before any year-end adjustments, the balance in Nash's Accounts Receivable account was $597,800 and Allowance for Doubtful Accounts had a credit balance of $40,970. The year-end balance reported in the balance sheet for Allowance for Doubtful Accounts will be based...
Problem 12-5 (Part Level Submission) Splish Brothers Golf Inc. was formed on July 1, 2016, when...
Problem 12-5 (Part Level Submission) Splish Brothers Golf Inc. was formed on July 1, 2016, when Matt Magilke purchased the Old Master Golf Company. Old Master provides video golf instruction at kiosks in shopping malls. Magilke plans to integrate the instructional business into his golf equipment and accessory stores. Magilke paid $780,000 cash for Old Master. At the time, Old Master's balance sheet reported assets of $670,000 and liabilities of $190,000 (thus owners' equity was $480,000). The fair value of...
Option #1: The Accounting Cycle and Stockholders’ Equity Analysis Portfolio Project Option #1 is for accounting...
Option #1: The Accounting Cycle and Stockholders’ Equity Analysis Portfolio Project Option #1 is for accounting students who are sensing learners and learn best from concrete materials and examples. If this is your learning style preference, you are practical and careful with detail. For this assignment, you are required to complete Part 1, Part 2, and Part 3. You will present Parts 1 and 2 in Excel, and Part 3 of the Portfolio Project in a Word document, following the...
what is the current ratio? 0 D E F 6/30/15 A B 1 Microsoft Corporation 2...
what is the current ratio?
0 D E F 6/30/15 A B 1 Microsoft Corporation 2 Balance Sheet 3 (Thousand $) 4 5 Period Ending 6/30/17 6/30/16 6 7 Cash And Cash Equivalents 7,663,000 6,510,000 8 Short Term Investments 125,318,000 106,730,000 9 Net Receivables 19,792,000 18,277,000 10 Inventory 2,181,000 2,251,000 11 Other Current Assets 4,897,000 5,892,000 12 Total Current Assets 159,851,000 139,660,000 13 Long Term Investments 6,023,000 10,431,000 14 Property Plant and Equipment litie 23,734,000 18,356,000 15 Goodwill 35,122,000 17,872,000...
Portfolio Project Option #1 is for accounting students who are sensing learners and learn best from...
Portfolio Project Option #1 is for accounting students who are sensing learners and learn best from concrete materials and examples. If this is your learning style preference, you are practical and careful with detail. For this assignment, you are required to complete Part 1, Part 2, and Part 3. You will present Parts 1 and 2 in Excel, and Part 3 of the Portfolio Project in a Word document, following the exact instructions that accompany each part. (The templates can...
1. The following balance sheet has been submitted to you by an inexperienced bookkeeper. List your...
1. The following balance sheet has been submitted to you by an inexperienced bookkeeper. List your suggestions for improvements in the format of the balance sheet on the next page. Consider both terminology deficiencies as well as classification inaccuracies. You will need to have at least 16 correct (there are 24 items) to receive full points. Ignore Dollar amounts and 'total amounts' 2. Save this file as: yourlastname Activity and submit through moodle. Waffle Motoring, Inc. Balance Sheet For the...
Business Accounting Cycle work. Student Number can be 33179 Service Business Accounting Cycle On August 1,...
Business Accounting Cycle work. Student Number can be 33179
Service Business Accounting Cycle On August 1, 2019 a newly incorporated private medical clinic, (your last name) Healthcare Ltd. is formed. The chart of accounts for (vour last name) Healthcare Ltd. is listed below. Follow the instructions to complete the accounting records for the month of August. (your last name)_Healthcare Ltd. Chart of Accounts ASSETS 101 Cash 111 Accounts Receivable 121 Supplies 134 Prepaid Insurance 137 Land 141 Buildings 142 Accumulated...
Complete Accounting Cycle Part 1 For the past several years, Steffy Lopez has operated a part-time...
Complete Accounting Cycle
Part 1
For the past several years,
Steffy Lopez has operated a part-time consulting business from his
home. As of July 1, 2018, Steffy decided to move to rented quarters
and to operate the business, which was to be known as Diamond
Consulting, on a full-time basis. Diamond Consulting entered into
the following transactions during July:
Jul.
1
The following assets were
received from Steffy Lopez in exchange for common stock: cash,
$13,500; accounts receivable, $20,800; supplies,...
Questions (10 points) 1. Briefly contrast the accounting procedures in perpetual and periodic inventory systems. (...
Questions (10 points) 1. Briefly contrast the accounting procedures in perpetual and periodic inventory systems. ( points 2. The December bank statement for Kowal Publishing Co. reports a balance of $13,847.59 at December 31, 2018. Kowal's accounting records, however, show a balance of $15,245.47 in the same bank account prior to preparation of the bank reconciliation. Which amount should be included in the amount of cash reported in Kowal's balance sheet at December 31, 2018? Explain your answer. (5 points)...
12/31/2019 Year-end Adjustment Data for Bruce and Emmett Corp is as follows: 1. $300,000 in sales...
12/31/2019 Year-end Adjustment Data for Bruce and Emmett Corp is
as follows:
1. $300,000 in sales on account had not been recorded but were
shipped FOB Shipping Point on December 31. The cost of this
inventory was $140,000. Bruce and Emmett use a perpetual inventory
system.
2. Employees are allowed to carry over up to 10 days of earned
vacation days per year up to 40 days. Employees earn an average of
$150 per day. A total of 500 earned...
O Mail - Erstberger, Cameron M X + wileyplus.com/edugen/lti/main.uni Return to Blackboard Kieso, Intermediate Accounting, 16e Help System Announcements ATOR PRINTER VERSION « BACK Question 16 Nash Corporation operates in an industry that has a high rate of bad debts. Before any year-end adjustments, the balance in Nash's Accounts Receivable account was $597,800 and Allowance for Doubtful Accounts had a credit balance of $40,970. The year-end balance reported in the balance sheet for Allowance for Doubtful Accounts will be based...
Problem 12-5 (Part Level Submission) Splish Brothers Golf Inc. was formed on July 1, 2016, when Matt Magilke purchased the Old Master Golf Company. Old Master provides video golf instruction at kiosks in shopping malls. Magilke plans to integrate the instructional business into his golf equipment and accessory stores. Magilke paid $780,000 cash for Old Master. At the time, Old Master's balance sheet reported assets of $670,000 and liabilities of $190,000 (thus owners' equity was $480,000). The fair value of...
what is the current ratio?
0 D E F 6/30/15 A B 1 Microsoft Corporation 2 Balance Sheet 3 (Thousand $) 4 5 Period Ending 6/30/17 6/30/16 6 7 Cash And Cash Equivalents 7,663,000 6,510,000 8 Short Term Investments 125,318,000 106,730,000 9 Net Receivables 19,792,000 18,277,000 10 Inventory 2,181,000 2,251,000 11 Other Current Assets 4,897,000 5,892,000 12 Total Current Assets 159,851,000 139,660,000 13 Long Term Investments 6,023,000 10,431,000 14 Property Plant and Equipment litie 23,734,000 18,356,000 15 Goodwill 35,122,000 17,872,000...
Portfolio Project Option #1 is for accounting students who are sensing learners and learn best from concrete materials and examples. If this is your learning style preference, you are practical and careful with detail. For this assignment, you are required to complete Part 1, Part 2, and Part 3. You will present Parts 1 and 2 in Excel, and Part 3 of the Portfolio Project in a Word document, following the exact instructions that accompany each part. (The templates can...
1. The following balance sheet has been submitted to you by an inexperienced bookkeeper. List your suggestions for improvements in the format of the balance sheet on the next page. Consider both terminology deficiencies as well as classification inaccuracies. You will need to have at least 16 correct (there are 24 items) to receive full points. Ignore Dollar amounts and 'total amounts' 2. Save this file as: yourlastname Activity and submit through moodle. Waffle Motoring, Inc. Balance Sheet For the...
Business Accounting Cycle work. Student Number can be 33179
Service Business Accounting Cycle On August 1, 2019 a newly incorporated private medical clinic, (your last name) Healthcare Ltd. is formed. The chart of accounts for (vour last name) Healthcare Ltd. is listed below. Follow the instructions to complete the accounting records for the month of August. (your last name)_Healthcare Ltd. Chart of Accounts ASSETS 101 Cash 111 Accounts Receivable 121 Supplies 134 Prepaid Insurance 137 Land 141 Buildings 142 Accumulated...
Complete Accounting Cycle
Part 1
For the past several years,
Steffy Lopez has operated a part-time consulting business from his
home. As of July 1, 2018, Steffy decided to move to rented quarters
and to operate the business, which was to be known as Diamond
Consulting, on a full-time basis. Diamond Consulting entered into
the following transactions during July:
Jul.
1
The following assets were
received from Steffy Lopez in exchange for common stock: cash,
$13,500; accounts receivable, $20,800; supplies,...
Questions (10 points) 1. Briefly contrast the accounting procedures in perpetual and periodic inventory systems. ( points 2. The December bank statement for Kowal Publishing Co. reports a balance of $13,847.59 at December 31, 2018. Kowal's accounting records, however, show a balance of $15,245.47 in the same bank account prior to preparation of the bank reconciliation. Which amount should be included in the amount of cash reported in Kowal's balance sheet at December 31, 2018? Explain your answer. (5 points)...
12/31/2019 Year-end Adjustment Data for Bruce and Emmett Corp is
as follows:
1. $300,000 in sales on account had not been recorded but were
shipped FOB Shipping Point on December 31. The cost of this
inventory was $140,000. Bruce and Emmett use a perpetual inventory
system.
2. Employees are allowed to carry over up to 10 days of earned
vacation days per year up to 40 days. Employees earn an average of
$150 per day. A total of 500 earned...
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