MANAGERIAL ACCT.-WILEYPLUS BLKBRD PKG
7th Edition
ISBN: 9781118869765
Author: Weygandt
Publisher: WILEY
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Chapter 13, Problem 13.3E
Cushenberry Corporation had the following transactions.
1. Sold land (cost $12,000) for $15,000.
2. Issued common stock at par for $20,000.
3. Recorded
4. Paid salaries of $9,000.
5. Issued 1,000 shares of $1 par value common stock for equipment worth $8,000.
6. Sold equipment (cost $10,000,
Instructions
For each transaction above, (a) prepare the
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Bramble Corp. had the following transactions.
1.
Sold land (cost $7,360) for $9,200.
2.
Issued common stock at par for $20,500.
3.
Recorded depreciation on buildings for $15,400.
4.
Paid salaries of $6,200.
5.
Issued 1,500 shares of $1 par value common stock for equipment worth $8,200.
6.
Sold equipment (cost $12,300, accumulated depreciation $8,610) for $1,476.
Cushenberry Corporation had the following transactions.
1.
Sold land (cost $8,400) for $10,500.
2.
Issued common stock at par for $23,700.
3.
Recorded depreciation on buildings for $16,900.
4.
Paid salaries of $6,400.
5.
Issued 1,300 shares of $1 par value common stock for equipment worth $8,000.
6.
Sold equipment (cost $11,800, accumulated depreciation $8,260) for $1,416.
(a) For each transaction above, prepare the journal entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
No.
Account Titles and Explanation
Debit
Credit
1.
2.
3.
4.
5.
6.
Bramble Corp. had the following transactions.
1.
Sold land (cost $7,360) for $9,200.
2.
Issued common stock at par for $20,500.
3.
Recorded depreciation on buildings for $15,400.
4.
Paid salaries of $6,200.
5.
Issued 1,500 shares of $1 par value common stock for equipment worth $8,200.
6.
Sold equipment (cost $12,300, accumulated depreciation $8,610) for $1,476.
How do I prepare a journal entry for the above transactions?
Chapter 13 Solutions
MANAGERIAL ACCT.-WILEYPLUS BLKBRD PKG
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Ch. 13 - Prob. 11QCh. 13 - Prob. 12QCh. 13 - Prob. 13QCh. 13 - Prob. 14QCh. 13 - Prob. 15QCh. 13 - During 2017. Doubleday Company converted 1,700.000...Ch. 13 - Prob. 17QCh. 13 - Prob. 18QCh. 13 - Prob. 19QCh. 13 - Prob. 20QCh. 13 - Prob. 21QCh. 13 - Prob. 13.1BECh. 13 - Classify items by activities. (LO 1), C Classify...Ch. 13 - Prob. 13.3BECh. 13 - Prob. 13.4BECh. 13 - Prob. 13.5BECh. 13 - Prob. 13.6BECh. 13 - Prob. 13.7BECh. 13 - Prob. 13.8BECh. 13 - Prob. 13.9BECh. 13 - Prob. 13.10BECh. 13 - The management of Morrow Inc. is trying to decide...Ch. 13 - Prob. 13.12BECh. 13 - Prob. 13.13BECh. 13 - Prob. 13.14BECh. 13 - Prob. 13.1DICh. 13 - Prob. 13.2DICh. 13 - Prob. 13.3DICh. 13 - Tabares Corporation had these transactions during...Ch. 13 - An analysis of comparative balance sheets, the...Ch. 13 - Cushenberry Corporation had the following...Ch. 13 - Prob. 13.4ECh. 13 - The current sections of Scoggin Inc.s balance...Ch. 13 - Prob. 13.6ECh. 13 - Rojas Corporations comparative balance sheets are...Ch. 13 - Here are comparative balance sheets for Velo...Ch. 13 - Prob. 13.9ECh. 13 - Compute net cash provided by operating...Ch. 13 - Suppose a recent income statement for McDonalds...Ch. 13 - Compute cash flow from operating activitiesdirect...Ch. 13 - The following information is taken from the 2017...Ch. 13 - You are provided with the following transactions...Ch. 13 - The following account balances relate to the...Ch. 13 - The income statement of Whitlock Company is...Ch. 13 - Prob. 13.4APCh. 13 - Prob. 13.5APCh. 13 - Prob. 13.6APCh. 13 - Prob. 13.7APCh. 13 - Prob. 13.8APCh. 13 - Prob. 13.9APCh. 13 - Prob. 13.10APCh. 13 - Prob. 13.11APCh. 13 - Prob. 13.1BYPCh. 13 - Prob. 13.2BYPCh. 13 - Comparative Analysis Problem: Amazon.com, Inc. vs....Ch. 13 - Prob. 13.4BYPCh. 13 - Prob. 13.5BYPCh. 13 - Prob. 13.7BYPCh. 13 - Ethics Case Wesley Corp. is a medium-sized...Ch. 13 - Prob. 13.9BYP
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