in this problem i need help figuring out the ones in red. ChromeFileEditViewHistory BookmarksРеopleTabWindowHelp60% [4)Tue 8:34 PMPayton Harris QPearson ACT – Accounting Cycle Tutorial Financialact.pearsoncmg.com/activity/6/3/1Accounting Cycle TutorialStep 6. Prepare the worksneet3Financial Statement ColumnsResources/Glossary? HINTActivity 3.a - Income Statement and Balance Sheet ColumnsringFinish the worksheet by completing the Income Statement and Balance Sheet columns, calculatingNet Income or Net Loss, and identifying if there is a Net Income or Net Loss. Only input amounts foraccounts with balances and do not enter zeros for blank cells.2019SMART TOUCH LEARNINGWorksheetDecember 31, 2016Unadjusted TrialuffAdjustmentsAdjusted Trial BalanceIncome StatementBalance SheetBalanceAccount NamesDebitCreditDebitCreditDebitCreditDebitCreditDebitCreditCash32,20032,20032,20032200Accounts Receivable23,000(f)50023,50023,0023500Office Supplies9,800200(b)9,6009,8009600Prepaid Rent14,200600(a)13,60013600/19Prepaid Insurance12,0004,200(g)7,8007800Furniture5,8005,8005800Accumulated Depreciation - Furniture100(c)100100Accounts Payable6,7006,700670033APR20DOCX ChromeFileEditViewHistoryBookmarksРеopleTabWindowHelp60% [4)Tue 8:35 PMPayton Harris QPearson ACT – Accounting Cycle Tutorial Financialact.pearsoncmg.com/activity/6/3/1Salaries Payable700(d)700700Utilities Payable100(e)100100Unearned Revenue18,60018,60018600Notes Payable7,4007,4007400ringCommon Stock43,00043,00043000Dividends1,8001,8001800Service Revenue33,900500(f)34,400344002019Rent Expense3,200(a)6003,8003800Insurance Expense(g)4,2004,2004200Salaries Expense7,600(d)7008,3008300uffSupplies Expense(b)200200200Depreciation Expense - Furniture(c)100100100Utilities Expense(e)100100100Total109,600109,6006,4006,400111,000111,000344007660076600Net Income/19Total344007660033APR20DOCX|

Cash, accounts receivable and office supplies will be transfered from adjusted trial balance to…

Finish the worksheet by completing the Income Statement and Balance Sheet columns, calculating Net Income or Net Loss, and identifying if there is a Net Income or Net Loss. Only input amounts for accounts with balances and do not enter zeros for blank cells. SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Adjustments Adjusted Trial Balance Income Statement Balance Sheet Balance Account Names Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 32,200 32,200 32,200 32200

Finish the worksheet by completing the Income Statement and Balance Sheet columns, calculating Net Income or Net Loss, and identifying if there is a Net Income or Net Loss. Only input amounts for accounts with balances and do not enter zeros for blank cells. SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Adjustments Adjusted Trial Balance Income Statement Balance Sheet Balance Account Names Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 32,200 32,200 32,200 32200

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter22: Master Budget (master)

Section: Chapter Questions

Problem 2R: Open the file MASTER from the website for this book at cengagebrain.com. Enter all the formulas...

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CALCULATING 3MS COST OF CAPITAL Use online resources to work on this chapters questions. Please note that website information changes over time, and these changes may limit your ability to answer some of these questions. In this chapter, we described how to estimate a companys WACC, which is the weighted average of its costs of debt, preferred stock/ and common equity. Most of the data we need to do this can be found from various data sources on the Internet. Here we walk through the steps used to calculate Minnesota Mining Manufacturings () WACC DISCUSSION QUESTIONS 1. As a first step, we need to estimate what percentage of MMMs capital comes from debt, preferred stock, and common equity This information can be found on the firms latest annual balance sheet. (As of year end 2017, had no preferred stock.) Total debt includes all interest-bearing debt and is the sum of short-term debt and long-term debt. a. Recall that the weights used in the WACC are based on the companys target capital structure. If we assume that the company wants to maintain the same mix of capital that it currently has on its balance sheet, what weights should you use to estimate the WACC for ? b. Find MMMs market capitalization, which is the market value of its common equity. Using the sum of its short-term debt and long-term debt from the balance sheet (we assume that the market value of its debt equals its book value) and its market capitalization, recalculate the firms debt and common equity weights to be used in the WACC equation. These weights are approximations of market-value weights. Be sure not to include accruals in the debt calculation.
16) When creating a new QuickBooks data file for an existing company, QuickBooks automatically offsets accounts receivable balances with an entry to the:A) Uncategorized Expenses accountB) Uncategorized Income accountC) Opening Balance Equity accountD) Capital Stock account Group of answer choices A B C D
https://massygroup.com/wp-content/uploads/2022/11/MASSY-DIGITAL-ANNUALREPORT-2022 (answer the following questions) Evaluate the company’s latest annual financial statements (balance sheet, income statement, and cash flow statement) and comment on the company's financial performance and position. In your response, use the requirements of IAS 1 as a guide. b) Identify and discuss key accounting principles and standards applied in the company’s financial reporting process indicating their reasons for choosing these and how they were applied. Comment briefly on the appropriateness of the choices made given the company’s industry, location and type (e.g. MNC, regional conglomerate, etc.) c) Critically analyze any significant accounting policies and estimates disclosed in the notes to the financial statements. In your answer, indicate whether the company complied with the accounting standards and conventions.
1UWI Open CampusACCT 1002INTRODUCTION TOFINANCIAL ACCOUNTINGWorksheet 1Unit # 2 WorksheetFinancial Accounting Cycle- Part I1. The accounting equation is often described as being very important inaccounting. Explain the purpose of the accounting equation and state twodifferent forms or ways in which it can be written.2. Distinguish between assets and liabilities and provide three (3) examples ofeach to support your arguments.3. Distinguish between income and expenses and provide three (3) examples ofeach to support your arguments.4. Suppose a business receives a bill for services rendered from one of itssuppliers. The business will pay the supplier next month. When the businessreceives the bill from its supplier, explain how this affect the accounting equationin terms of increasing or decreasing assets, liabilities, or owner’s equity?5. Suppose equipment is sold for cash in an amount equal to the cost of theequipment recorded on the books. How does this sale affect the…
https://education.wiley.com/content/Kieso_Intermediate_Accounting_17e/media/simulations/interest_rate_tables.pdf
Q6: statement for retained earning Note: do it on Excel please
Apple (AAPL) A horizontal Analysis of the Balance Sheet for the years 2017, 2018, and 2019. Need to have it done on Microsoft Excel. Or a horizontal Analysis of the financial statement for the same yerars. What is ever eaiser for you guys. Thank you
Integrative ExerciseIntegrating Accounting for Liabilities and Equity Obtain Apple's 2016 10-K (filed October 26, 2016) either through the "Investor Relations" portion of its website (do a web search for "Apple Investor Relations") or go to www.sec.gov and click "Company Filings Search" under "Filings." Required: Using Apple's 10-K, answer the following questions (Hint: It may be easier to use the Word or PDF file and use the search feature within the program): 1. Calculate Apple's current, quick, and cash ratios for 2015 and 2016. The industry averages for these ratios for 2016 were 1.72, 1.41, and 0.77, respectively. Round your answers to two decimal places. 2016 2015 Current Ratio fill in the blank 1 fill in the blank 2 Quick Ratio fill in the blank 3 fill in the blank 4 Cash Ratio fill in the blank 5 fill in the blank 6 Comment on Apple's short-term liquidity. For 2016, Apple the industry average for the cash but is below the industry average for the current and…
Integrative ExerciseIntegrating Accounting for Liabilities and Equity Obtain Apple's 2016 10-K (filed October 26, 2016) either through the "Investor Relations" portion of its website (do a web search for "Apple Investor Relations") or go to www.sec.gov and click "Company Filings Search" under "Filings." Required: Using Apple's 10-K, answer the following questions (Hint: It may be easier to use the Word or PDF file and use the search feature within the program): 1. Calculate Apple's current, quick, and cash ratios for 2015 and 2016. The industry averages for these ratios for 2016 were 1.72, 1.41, and 0.77, respectively. Round your answers to two decimal places. 2016 2015 Current Ratio fill in the blank 1 fill in the blank 2 Quick Ratio fill in the blank 3 fill in the blank 4 Cash Ratio fill in the blank 5 fill in the blank 6 Comment on Apple's short-term liquidity. For 2016, Apple ____?______ the industry average for the cash but is below the industry average for the…
Open the file MASTER from the website for this book at cengagebrain.com. Enter all the formulas where indicated on the worksheet. Check to be sure that your balance sheet balances. Enter your name in cell A1. Save the completed file as MASTER2. Print the worksheet when done. Also print your formulas using fit-to-1 page scaling. Check figures: Borrowing (cell B78), $7,280; forecasted net income (cell D95), $40,200; total assets (cell D105), $507,600.
Marked out of 20.00P Flag questionusing the income summary account for the month ofSiren MarketingAdjusted Trial BalanceMay 31, 2022Account TitleCashDebitCredit$8, 600Accounts Receivable$2, 500Prepaid Insurance$2,700 Accounts PayableUnearned RevenueKirk, Capital$1, 200$1, 800$5, 880Kirk, Withdrawals$1,600Service Revenue$8, 620Advertising Expenselnsurance ExpenseRent Expense Total$790$450$860$17,500 $17,500No comma or dollar sign should be included in the imput icklPrepare the closing entries in the proper order. For transactions that have more than 1 debit or more than 1 deditDebitAccount Title and Explanation Date May 31
sub : Accounting pls answer ASAP.Please type the answer. dnt CHATGPT. i ll upvote.