Homework Answers
Calculation of the following formula:-
1) Return on Investment = Net Income / Avg Owners Equity
= 947795.55 / 877453 = 108.02%
2) Gross margin % = Gross margin / Net sales
= 1517837 / 5793830 = 26.20%
3) Current ratio = Current assets / Current Liabilities
= 2428427.4 / 881476.95 = 2.75
4) Debt to Equity = Total Liabilities / Owners Equity
= 1481476.95 / 877453 = 1.69
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2 4 1 Acct No. Name 2 1010 Cash 3 1030 Accounts Receivable 4 1035 Allowance...
beginning owners equity is : $627,453 Acct No. Name 1010 Cash 1030 Accounts Receivable 1035 Allowance...
beginning owners equity is : $627,453
Acct No. Name 1010 Cash 1030 Accounts Receivable 1035 Allowance for Bad Debt 1050 Inventory 1700 Fixed Assets 1750 Accumulated Depreciation 2010 Accounts Payable 2030 Payroll W/H&Taxes Payable 2070 Interest Payable 2080 Income Tax Payable 2700 Long-term Notes Payable 3900 Capital Stock 3999 Retained Earnings 4010 Sales 4020 Sales Returns 4030 Sales Discounts 5000 Purchases 5010 Purchase Returns 5020 Purchase Discounts 5999 Cost of Goods Sold 6000 Wage & Salary Expense 6010 Rent Expense...
can you please solve and state what variables you used for each equation? thank you 1...
can
you please solve and state what variables you used for each
equation? thank you
1 Acct No. Name 2 1010 Cash 3 1030 Accounts Receivable 4 1035 Allowance for Bad Debt 5 1050 Inventory 6 1700 Fixed Assets 7 1750 Accumulated Depreciation 8 2010 Accounts Payable 9 2030 Payroll W/H&Taxes Payable 10 2070 Interest Payable 11 2080 Income Tax Payable 12 2700 Long-term Notes Payable 13 3900 Capital Stock 14 3999 Retained Earnings 15 4010 Sales 16 4020 Sales...
Which ones are on the Income statement or Balance Sheet Cash Petty Cash Accounts Receivable Allowance...
Which ones are on the Income statement or Balance Sheet Cash Petty Cash Accounts Receivable Allowance for Doubtful Accounts Notes Receivable Interest Receivable Inventory Supplies Inventory Prepaid Insurance Prepaid Rent Debt Investments Equity Investments Land Buildings Accum. Depr. - Buildings Equipment Accum. Depr. - Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Dividends Payable Long-term Notes Payable Common Stock Retained Earnings Dividends Income Summary Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold Advertising...
Label as financing, operating, investing activities. Cash Investment Securities--AFS Accrured Interest Receivable Accounts Receivable Allowance for...
Label as financing, operating, investing activities. Cash Investment Securities--AFS Accrured Interest Receivable Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Prepaid Insurance Store Supplies Land Building Accumulated Depreciation: Building Office & Store Equipment Accumulated Depreciation: Office & Store Equipment Delivery Trucks Accumulated Depreciation: Delivery Trucks Accounts Payable FICA Taxes Payable Withholding Taxes Payable Unemployment Taxes Payable Union Dues Payable Salaries & Wages Payable Accrued Utilities Payable Income taxes payable Mortgage Payable Accrued Interest Payable Common Stock PIC in Excess of...
Adjusted Trial Balance December 31st 2019 Debit Credit Cash 126587 Accounts receivable 13500 Allowance for uncollectible...
Adjusted Trial Balance December 31st 2019 Debit Credit Cash 126587 Accounts receivable 13500 Allowance for uncollectible accounts 405 Interest receivable 75 Supplies Prepaid insurance inventory Notes receivable 1800 5500 5328 15000 Buildings Gain 62000 2300 Accumulated depreciation Accounts payable Deferred revenue 200 3200 3480 Salaries payable Income tax payable Warranty liability Notes payable 1200 3700 450 113670 Common stock 96000 Dividends 1600 Service revenue 7830 Sales revenue 36000 Sales discounts 150 75 Interest revenue Bad debt expense Cost of goods...
Cash 244000 Cash Equivalents 65000 Accounts Receivable 195000 Allowance for Doubtful Accounts 2500 Short-Term Investments 240000...
Cash 244000 Cash Equivalents 65000 Accounts Receivable 195000 Allowance for Doubtful Accounts 2500 Short-Term Investments 240000 Merchandise Inventory 285000 Supplies Inventory 25000 Prepaid Rent 90000 Prepaid Insurance 0 Long-Term Investment (60% ownership) 360000 Land for Future Expansion 400000 Debt Service Fund 950000 Land 400000 Machinery & Equipment 4600000 Buildings 3100000 Accumulated Depreciation 542500 Patents 245000 Copyright 123000 Goodwill 75000 Trademark 135000 Derivatives 50000 Deferred Tax Assets 240000 Deferred Pension Assets 230000 Accounts Payable 175000 Income Taxes Payable 95000 Sales Taxes...
Matthews Company Adjusted Trial Balance December 31, 2017 DEBIT CREDIT Cash Accounts Receivable A...
What is Total Liabilities and Stockholders' Equity as of
December 31, 2017?
Matthews Company Adjusted Trial Balance December 31, 2017 DEBIT CREDIT Cash Accounts Receivable Allowance for Doubtful Accounts Short term Note Receivable Interest Receivable Supplies Inventory Prepaid Expenses Equipment Accumulated Depreciation Copyrights Accounts Payable Interest Payable Unearned Revenue Long Term Note Payable Common Stock Paid-in-Capital In Excess of Par CS Retained Earnings (1/1/17) Dividends Sales Sales Returns& Allowances Sales Discounts Cost of Goods Sold Bad debt expense Depreciaion Expense...
Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net...
Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,050 92,720 116,577 9,898 281,344 $531,589 $ 35,561 $ 36, 324 64,799 48,927 86,475 52, 102 9,816 4,036 261,615 233, 011 $ 458,266 $ 374,400 $133,689 $ 78,221 $...
Leon Company Adjusted Trial Balance December 31, 2017 DEBIT CREDIT 1,300 4,445 Cash Accounts Receivable Allowance...
Leon Company Adjusted Trial Balance December 31, 2017 DEBIT CREDIT 1,300 4,445 Cash Accounts Receivable Allowance for Doubtful Accounts Short term Note Receivable Interest Receivable Supplies 370 500 100 50 1,900 Inventory Prepaid Expenses Equipment Accumulated Depreciation 150 8,570 1,800 Copyrights Accounts Payable Interest Payable 430 650 65 Unearned Revenue Long Term Note Payable Common Stock Paid-in-Capital In Excess of Par - CS Retained Earnings (1/1/17) Dividends Sales 150 1,200 5,000 300 3,700 5,500 43,400 Sales Returns & Allowances 130...
Required: 19-27 300,000 PROBLEM 1-7 JHJ ATHLETIC SHOE STORE 2011 T.ACCOUNTS WITH BALANCES CASH ACCOUNTS RECEIVABLE...
Required: 19-27
300,000 PROBLEM 1-7 JHJ ATHLETIC SHOE STORE 2011 T.ACCOUNTS WITH BALANCES CASH ACCOUNTS RECEIVABLE 800,000 100,000 ALLOWANCE FOR BAD DEBTS SHOE INVENTORY ? 50,000 SUPPLIES PREPAID INSURANCE 10,000 EQUIPMENT 1,000,000 ACCUMLATED DEPRECIATION EQUIP 300,000 AUTO 100,000 ACCUMULATED DEPRECIATION- AUTO 50,000 ACCOUNTS PAYABLE WAGES PAYABLE 80,000 10.000 40,000 UNEARNED REVENUE NOTE PAYABLE JHJ COMMOM STOCK RETAINED EARNINGS JHJ DIVIDENDS 90.000 500,000 SHOE SALES SHOE SALE RETURNS COST OF GOODS SOLD 120 | Page PURCHASE RETURNS FREIGHT IN RENT EXPENSE...
beginning owners equity is : $627,453
Acct No. Name 1010 Cash 1030 Accounts Receivable 1035 Allowance for Bad Debt 1050 Inventory 1700 Fixed Assets 1750 Accumulated Depreciation 2010 Accounts Payable 2030 Payroll W/H&Taxes Payable 2070 Interest Payable 2080 Income Tax Payable 2700 Long-term Notes Payable 3900 Capital Stock 3999 Retained Earnings 4010 Sales 4020 Sales Returns 4030 Sales Discounts 5000 Purchases 5010 Purchase Returns 5020 Purchase Discounts 5999 Cost of Goods Sold 6000 Wage & Salary Expense 6010 Rent Expense...
can
you please solve and state what variables you used for each
equation? thank you
1 Acct No. Name 2 1010 Cash 3 1030 Accounts Receivable 4 1035 Allowance for Bad Debt 5 1050 Inventory 6 1700 Fixed Assets 7 1750 Accumulated Depreciation 8 2010 Accounts Payable 9 2030 Payroll W/H&Taxes Payable 10 2070 Interest Payable 11 2080 Income Tax Payable 12 2700 Long-term Notes Payable 13 3900 Capital Stock 14 3999 Retained Earnings 15 4010 Sales 16 4020 Sales...
Adjusted Trial Balance December 31st 2019 Debit Credit Cash 126587 Accounts receivable 13500 Allowance for uncollectible accounts 405 Interest receivable 75 Supplies Prepaid insurance inventory Notes receivable 1800 5500 5328 15000 Buildings Gain 62000 2300 Accumulated depreciation Accounts payable Deferred revenue 200 3200 3480 Salaries payable Income tax payable Warranty liability Notes payable 1200 3700 450 113670 Common stock 96000 Dividends 1600 Service revenue 7830 Sales revenue 36000 Sales discounts 150 75 Interest revenue Bad debt expense Cost of goods...
What is Total Liabilities and Stockholders' Equity as of
December 31, 2017?
Matthews Company Adjusted Trial Balance December 31, 2017 DEBIT CREDIT Cash Accounts Receivable Allowance for Doubtful Accounts Short term Note Receivable Interest Receivable Supplies Inventory Prepaid Expenses Equipment Accumulated Depreciation Copyrights Accounts Payable Interest Payable Unearned Revenue Long Term Note Payable Common Stock Paid-in-Capital In Excess of Par CS Retained Earnings (1/1/17) Dividends Sales Sales Returns& Allowances Sales Discounts Cost of Goods Sold Bad debt expense Depreciaion Expense...
Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,050 92,720 116,577 9,898 281,344 $531,589 $ 35,561 $ 36, 324 64,799 48,927 86,475 52, 102 9,816 4,036 261,615 233, 011 $ 458,266 $ 374,400 $133,689 $ 78,221 $...
Leon Company Adjusted Trial Balance December 31, 2017 DEBIT CREDIT 1,300 4,445 Cash Accounts Receivable Allowance for Doubtful Accounts Short term Note Receivable Interest Receivable Supplies 370 500 100 50 1,900 Inventory Prepaid Expenses Equipment Accumulated Depreciation 150 8,570 1,800 Copyrights Accounts Payable Interest Payable 430 650 65 Unearned Revenue Long Term Note Payable Common Stock Paid-in-Capital In Excess of Par - CS Retained Earnings (1/1/17) Dividends Sales 150 1,200 5,000 300 3,700 5,500 43,400 Sales Returns & Allowances 130...
Required: 19-27
300,000 PROBLEM 1-7 JHJ ATHLETIC SHOE STORE 2011 T.ACCOUNTS WITH BALANCES CASH ACCOUNTS RECEIVABLE 800,000 100,000 ALLOWANCE FOR BAD DEBTS SHOE INVENTORY ? 50,000 SUPPLIES PREPAID INSURANCE 10,000 EQUIPMENT 1,000,000 ACCUMLATED DEPRECIATION EQUIP 300,000 AUTO 100,000 ACCUMULATED DEPRECIATION- AUTO 50,000 ACCOUNTS PAYABLE WAGES PAYABLE 80,000 10.000 40,000 UNEARNED REVENUE NOTE PAYABLE JHJ COMMOM STOCK RETAINED EARNINGS JHJ DIVIDENDS 90.000 500,000 SHOE SALES SHOE SALE RETURNS COST OF GOODS SOLD 120 | Page PURCHASE RETURNS FREIGHT IN RENT EXPENSE...
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