Homework Answers
Answer--------
| Total assets on December 31, 2012 | $ 665,000 | |
Working
| Land | $ 220,000 | |
| Cash | $ 220,000 | |
| Equipment | $ 120,000 | |
| Less: Accumulated depreciation | -$ 40,000 | $ 80,000 |
| Accounts receivable | $ 90,000 | |
| Less: Allowance for doubtful accounts | -$ 15,000 | $ 75,000 |
| Prepaid rent | $ 70,000 | |
| Total assets on December 31, 2012 | $ 665,000 | |
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Question 1 Sunny Company has the following account balances after adjusting entries at December 31, 2012:...
Question 2 Sunny Company has the following account balances after adjusting entries at December 31, 2012: Accounts Paya...
Question 2 Sunny Company has the following account balances after adjusting entries at December 31, 2012: Accounts Payable $24,000 Dividends 7,000 Treasury Stock, Common (22,000 shares) 98,000 Preferred Stock ($10 par) 80,000 Land 220,000 Cash 220,000 Equipment 120,000 Accounts Receivable 90,000 Common Stock ($1 par) 365,000 Sales 820,000 Prepaid Rent 70,000 Bonds Payable (due 2030) 120,000 Premium on Bonds Payable 8,000 Cost of Goods Sold 720,000 Interest Expense 20,000 Unearned Revenue 20,000 Allowance for Doubtful Accounts 15,000 Operating Expenses 97,000...
Question 1 O out of 5.9 points Sunny Company has the following account balances after adjusting...
Question 1 O out of 5.9 points Sunny Company has the following account balances after adjusting entries at December 31, 2012: Accounts Payable Dividends Treasury Stock, Common (22,000 shares) Preferred Stock ($10 par) Land Cash Equipment Accounts Receivable Common Stock ($1 par) Sales Prepaid Rent Bonds Payable (due 2030) Premium on Bonds Payable Cost of Goods Sold Interest Expense Unearned Revenue Allowance for Doubtful Accounts Operating Expenses Accumulated Depreciation Equipment Paid-in Capital in Excess of Par Value, Common Retained Earnings...
Question 2 O out of 5.9 points Sunny Company has the following account balances after adjusting...
Question 2 O out of 5.9 points Sunny Company has the following account balances after adjusting entries at December 31, 2012: Accounts Payable Dividends Treasury Stock, Common (22,000 shares) Preferred Stock ($10 par) Land Cash Equipment Accounts Receivable Common Stock ($1 par) Sales Prepaid Rent Bonds Payable (due 2030) Premium on Bonds Payable Cost of Goods Sold Interest Expense Unearned Revenue Allowance for Doubtful Accounts Operating Expenses Accumulated Depreciation Equipment Paid-in Capital in Excess of Par Value, Common Retained Earnings...
Can anyone help me with my homework problems? 1. Sunny Company has the following account balances...
Can anyone help me with my homework problems? 1. Sunny Company has the following account balances after adjusting entries at December 31, 2012: Accounts Payable $24,000 Dividends 7,000 Treasury Stock, Common (22,000 shares) 98,000 Preferred Stock ($10 par) 80,000 Land 220,000 Cash 220,000 Equipment 120,000 Accounts Receivable 90,000 Common Stock ($1 par) 365,000 Sales 820,000 Prepaid Rent 70,000 Bonds Payable (due 2030) 120,000 Premium on Bonds Payable 8,000 Cost of Goods Sold 720,000 Interest Expense 20,000 Unearned Revenue 20,000 Allowance...
Question 6 Marla Corporation's ledger includes the following selected account balances at December 31, 2012: 560,000...
Question 6 Marla Corporation's ledger includes the following selected account balances at December 31, 2012: 560,000 820,000 55,000 Paid-in Capital in Excess of Par Value, Common Cash Unearned Revenue Discount on Bonds Payable Retained Earnings Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable Treasury Stock, Common, 36,000 shares Accounts Payable 75,000 300,000 100,000 80,000 40,000 120,000 Preferred Stock, 12% $100 par value, 4,000 shares issued 400,000 Bonds Payable, 14% Common Stock, $1 par value, 240,000 shares issued...
Question 14 O out of 5.88 points Tom Company (which uses a perpetual inventory system) has...
Question 14 O out of 5.88 points Tom Company (which uses a perpetual inventory system) has the following account balances after adjusting entries at December 31, 2012: Cash Merchandise Inventory (12/31/2012) Equipment Accounts Receivable Common Stock ($.50 par) Sales Rent Expense Bonds Payable (due 2040) Accounts Payable Dividends Treasury Stock, Common (19,000 shares) Preferred Stock 6% ($10 par) Land Paid-in Capital in Excess of Par Value, Preferred Cost of Goods Sold Interest Expense Unearned Revenue $227,000 100,000 120,000 105,000 350,000...
Question 7 O out of 5.88 points Marla Corporation's ledger includes the following selected account balances...
Question 7 O out of 5.88 points Marla Corporation's ledger includes the following selected account balances at December 31, 2012: Paid-in Capital in Excess of Par Value, Common Cash Unearned Revenue Discount on Bonds Payable Retained Earnings Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable Treasury Stock, Common, 36,000 shares Accounts Payable Preferred Stock, 12% $100 par value, 4,000 shares issued Bonds Payable, 14% Common Stock, $1 par value, 240,000 shares issued 560,000 820,000 55,000 75,000 300,000...
Question 7 O out of 6.65999 points Marla Corporation's ledger includes the following selected account balances...
Question 7 O out of 6.65999 points Marla Corporation's ledger includes the following selected account balances at December 31, 2012: Paid-in Capital in Excess of Par Value, Common Cash Unearned Revenue Discount on Bonds Payable Retained Earnings Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable Treasury Stock, Common, 36,000 shares Accounts Payable 560,000 820,000 55,000 75,000 300,000 100,000 80,000 40,000 120,000 Preferred Stock, 12% $100 par value, 4,000 shares issued 400,000 Bonds Payable, 14% 900,000 Common Stock,...
Question 9 0 out of 5.88 points Marla Corporation's ledger includes the following selected account balances...
Question 9 0 out of 5.88 points Marla Corporation's ledger includes the following selected account balances at December 31, 2012: Paid-in Capital in Excess of Par Value, Common 560,000 Cash 820,000 Unearned Revenue 55,000 Discount on Bonds Payable 75,000 Retained Earnings 300,000 Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable 100,000 80,000 Treasury Stock, Common, 36,000 shares 40,000 Accounts Payable 120,000 Preferred Stock, 12% $100 par value, 4,000 shares issued 400,000 Bonds Payable, 14% 900,000 Common Stock,...
Peg Corporation's ledger includes the following selected account balances at December 31, 2019: Amount Account Paid-in...
Peg Corporation's ledger includes the following selected account balances at December 31, 2019: Amount Account Paid-in Capital in Excess of Par Value, Common 580,000 Cash 920,000 Unearned Revenue 55,000 Premium on Bonds Payable 80,000 Retained Earnings 300,000 Cash Dividends Payable 80,000 Treasury Stock, Common, 20,000 shares 40,000 Accounts Payable 120,000 Preferred Stock, 12% $100 par value, 4,000 shares issued 400,000 Bonds Payable, 14% 900,000 Common Stock, $1 par value, 240,000 shares issued 240,000 Assuming the Preferred Stock is "Cumulative", the...
Question 2 Sunny Company has the following account balances after adjusting entries at December 31, 2012: Accounts Payable $24,000 Dividends 7,000 Treasury Stock, Common (22,000 shares) 98,000 Preferred Stock ($10 par) 80,000 Land 220,000 Cash 220,000 Equipment 120,000 Accounts Receivable 90,000 Common Stock ($1 par) 365,000 Sales 820,000 Prepaid Rent 70,000 Bonds Payable (due 2030) 120,000 Premium on Bonds Payable 8,000 Cost of Goods Sold 720,000 Interest Expense 20,000 Unearned Revenue 20,000 Allowance for Doubtful Accounts 15,000 Operating Expenses 97,000...
Question 1 O out of 5.9 points Sunny Company has the following account balances after adjusting entries at December 31, 2012: Accounts Payable Dividends Treasury Stock, Common (22,000 shares) Preferred Stock ($10 par) Land Cash Equipment Accounts Receivable Common Stock ($1 par) Sales Prepaid Rent Bonds Payable (due 2030) Premium on Bonds Payable Cost of Goods Sold Interest Expense Unearned Revenue Allowance for Doubtful Accounts Operating Expenses Accumulated Depreciation Equipment Paid-in Capital in Excess of Par Value, Common Retained Earnings...
Question 2 O out of 5.9 points Sunny Company has the following account balances after adjusting entries at December 31, 2012: Accounts Payable Dividends Treasury Stock, Common (22,000 shares) Preferred Stock ($10 par) Land Cash Equipment Accounts Receivable Common Stock ($1 par) Sales Prepaid Rent Bonds Payable (due 2030) Premium on Bonds Payable Cost of Goods Sold Interest Expense Unearned Revenue Allowance for Doubtful Accounts Operating Expenses Accumulated Depreciation Equipment Paid-in Capital in Excess of Par Value, Common Retained Earnings...
Question 6 Marla Corporation's ledger includes the following selected account balances at December 31, 2012: 560,000 820,000 55,000 Paid-in Capital in Excess of Par Value, Common Cash Unearned Revenue Discount on Bonds Payable Retained Earnings Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable Treasury Stock, Common, 36,000 shares Accounts Payable 75,000 300,000 100,000 80,000 40,000 120,000 Preferred Stock, 12% $100 par value, 4,000 shares issued 400,000 Bonds Payable, 14% Common Stock, $1 par value, 240,000 shares issued...
Question 14 O out of 5.88 points Tom Company (which uses a perpetual inventory system) has the following account balances after adjusting entries at December 31, 2012: Cash Merchandise Inventory (12/31/2012) Equipment Accounts Receivable Common Stock ($.50 par) Sales Rent Expense Bonds Payable (due 2040) Accounts Payable Dividends Treasury Stock, Common (19,000 shares) Preferred Stock 6% ($10 par) Land Paid-in Capital in Excess of Par Value, Preferred Cost of Goods Sold Interest Expense Unearned Revenue $227,000 100,000 120,000 105,000 350,000...
Question 7 O out of 5.88 points Marla Corporation's ledger includes the following selected account balances at December 31, 2012: Paid-in Capital in Excess of Par Value, Common Cash Unearned Revenue Discount on Bonds Payable Retained Earnings Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable Treasury Stock, Common, 36,000 shares Accounts Payable Preferred Stock, 12% $100 par value, 4,000 shares issued Bonds Payable, 14% Common Stock, $1 par value, 240,000 shares issued 560,000 820,000 55,000 75,000 300,000...
Question 7 O out of 6.65999 points Marla Corporation's ledger includes the following selected account balances at December 31, 2012: Paid-in Capital in Excess of Par Value, Common Cash Unearned Revenue Discount on Bonds Payable Retained Earnings Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable Treasury Stock, Common, 36,000 shares Accounts Payable 560,000 820,000 55,000 75,000 300,000 100,000 80,000 40,000 120,000 Preferred Stock, 12% $100 par value, 4,000 shares issued 400,000 Bonds Payable, 14% 900,000 Common Stock,...
Question 9 0 out of 5.88 points Marla Corporation's ledger includes the following selected account balances at December 31, 2012: Paid-in Capital in Excess of Par Value, Common 560,000 Cash 820,000 Unearned Revenue 55,000 Discount on Bonds Payable 75,000 Retained Earnings 300,000 Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable 100,000 80,000 Treasury Stock, Common, 36,000 shares 40,000 Accounts Payable 120,000 Preferred Stock, 12% $100 par value, 4,000 shares issued 400,000 Bonds Payable, 14% 900,000 Common Stock,...
Peg Corporation's ledger includes the following selected account balances at December 31, 2019: Amount Account Paid-in Capital in Excess of Par Value, Common 580,000 Cash 920,000 Unearned Revenue 55,000 Premium on Bonds Payable 80,000 Retained Earnings 300,000 Cash Dividends Payable 80,000 Treasury Stock, Common, 20,000 shares 40,000 Accounts Payable 120,000 Preferred Stock, 12% $100 par value, 4,000 shares issued 400,000 Bonds Payable, 14% 900,000 Common Stock, $1 par value, 240,000 shares issued 240,000 Assuming the Preferred Stock is "Cumulative", the...
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