Financial Accounting-w/cd-package
3rd Edition
ISBN: 9780131060876
Author: REIMERS
Publisher: PEARSON
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Chapter B, Problem 35PA
Prepare a
Revenue $20,000
Prepaid rent 1,000
Equipment 12,500
Common stock 4,000
Accounts receivable 5,000
Accounts payable 2,000
Salaries expense 2,000
Depreciation expense 1,000
Cash 1,000
Inventory 8,000
Dividends 1,000
3Balance at January 1, 2011.
Requirement
Prepare a trial balance at December 31, 2011, income statement and statement of changes in shareholders’ equity for the year ended December 31, 2011, and
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You are assigned to audit Bonifacio Inc. for the year ending June 30, 2014. Prior to any adjustments you were able to extract the following balances from the client’s records:Accounts receivable, control account P221,250Allowance for doubtful accounts (7,500)Amortized cost P213,750
Current Assets
Dorothy Corporation had the following accounts in its year-end adjusted trial balance: Inventories, $23,800; Accounts Receivable, $7,000; Accounts
Payable, $7,200; Prepaid Rent, $2,400; Marketable Securities, $3,000; Allowance for Doubtful Accounts, $1,100; and Cash, $1,200.
Prepare the current assets section of Dorothy's year-end balance sheet.
Current Assets
Cash
Marketable securities
Accounts receivable
Less: Allowance for doubtful accounts
Inventories
Prepaid rent
Total current assets
Dorothy Corporation
Partial Balance Sheet
Feedback
7,000 âś“
1,100âś”
1,200
3,000 âś“
5,900
23,800
2,400 âś“
The account balances for Premera Blue Cross are listed below. All balances are as of December 31, 2023, except where noted otherwise.
$16,500 Rent Expense
$18,000
247,500
28,800 Equipment
7,800 Furniture
66,000
3,600 Notes Payable (due 12/31/25) 105,000
6,000 Accumulated Depreciation
31,350
329,250 Cash
78,000
60,000
150,000
42,450
1200
31,350
12,600
Accounts Payable
Accounts Receivable
Wages Payable
Prepaid Expenses
Dividends
Sales Revenue
Notes Payable (due 4/30/24)
Cost of Goods Sold
Loss on Sale of Equipment
Inventory
Advertising Expense
Insurance Expense
Select one:
O
a. $170,850
b. $137,850
3,000 Common Stock
Determine Income from Operations for 2023:
c. $124,500
d. $96,000
e. $106,500
158,400 Goodwill
10,500 Retained Earnings (1/1/23)
28,500 Marketable Equity Securities
9,000 Depreciation Expense
6,000 Unearned Revenue
Chapter B Solutions
Financial Accounting-w/cd-package
Ch. B - Indicate whether each of the following accounts...Ch. B - Prob. 2YTCh. B - Prob. 1QCh. B - Prob. 2QCh. B - Prob. 3QCh. B - Prob. 4QCh. B - Prob. 5QCh. B - Prob. 6QCh. B - Prob. 7QCh. B - Prob. 8Q
Ch. B - Prob. 9QCh. B - Prob. 1MCQCh. B - Prob. 2MCQCh. B - Prob. 3MCQCh. B - Prob. 4MCQCh. B - Prob. 5MCQCh. B - Prob. 6MCQCh. B - Prob. 7MCQCh. B - Prob. 8MCQCh. B - Prob. 9MCQCh. B - Prob. 10MCQCh. B - Prob. 1SEACh. B - Prob. 2SEACh. B - Prob. 3SEACh. B - Prob. 4SEACh. B - Prob. 5SEACh. B - Prob. 6SEACh. B - Prob. 7SEACh. B - Prob. 8SEACh. B - Prob. 9SEACh. B - Prob. 10SEBCh. B - Prob. 11SEBCh. B - Prob. 12SEBCh. B - Prob. 13SEBCh. B - Prob. 14SEBCh. B - Prob. 15SEBCh. B - Prob. 16SEBCh. B - Prob. 17SEBCh. B - Prob. 18SEBCh. B - Prob. 19EACh. B - Prob. 20EACh. B - Record transactions to T-accounts and prepare an...Ch. B - Prob. 22EACh. B - Prob. 23EACh. B - Record closing entries and compute net income. (LO...Ch. B - Record journal entries, record adjusting entries,...Ch. B - Record journal entries, post to T-accounts, and...Ch. B - Prob. 27EBCh. B - Prob. 28EBCh. B - Prob. 29EBCh. B - Prob. 30EBCh. B - Prob. 31EBCh. B - Prob. 32EBCh. B - Prob. 33EBCh. B - Prob. 34EBCh. B - Prepare a trial balance and financial statements....Ch. B - Record journal entries, post to T-accounts, and...Ch. B - Prepare closing entries and financial statements....Ch. B - Record adjusting journal entries, post to...Ch. B - Prob. 39PACh. B - Prob. 40PACh. B - Prob. 41PACh. B - Prob. 42PACh. B - Prob. 43PBCh. B - Prob. 44PBCh. B - Prob. 45PBCh. B - Prob. 46PBCh. B - Prob. 47PBCh. B - Prob. 48PBCh. B - Prob. 49PBCh. B - Prob. 50PBCh. B - Prob. 51FSACh. B - Prob. 52CTP
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