Working Papers, Chapters 1-17 for Warren/Reeve/Duchac's Accounting, 26th and Financial Accounting, 14th - 26th Edition - by Carl Warren, Jim Reeve, Jonathan Duchac - ISBN 9781305392373

Working Papers, Chapters 1-17 for Warre...
26th Edition
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher: Cengage Learning
ISBN: 9781305392373

Solutions for Working Papers, Chapters 1-17 for Warren/Reeve/Duchac's Accounting, 26th and Financial Accounting, 14th

Book Details

These working papers provide students with a starting point for completing end-of-chapter assignments from the textbook.

Sample Solutions for this Textbook

We offer sample solutions for Working Papers, Chapters 1-17 for Warren/Reeve/Duchac's Accounting, 26th and Financial Accounting, 14th homework problems. See examples below:

Chapter 2, Problem 2.4APRChapter 2, Problem 2.2BPRChapter 2, Problem 2.3BPRChapter 2, Problem 2.4BPRChapter 2, Problem 1COPChapter 3, Problem 1DQa. The following entry shows the adjusting entry for accrued fees unearned on April 30. Date Account...Chapter 3, Problem 3.4APRa. The following entry shows the adjusting entry for insurance expense on August 31. Date...Explanation: Working note: Calculate the value of supplies expense Supplies expense = (The amount of...a. The following entry shows the adjusting entry for supplies on April 30, 2019. Date Account Titles...The adjusting entries of Company RFS are as follows: Depreciation expense-Building Date Account...Chapter 3, Problem 1COPChapter 4, Problem 1DQChapter 4, Problem 4.4APRChapter 4, Problem 4.5APRChapter 4, Problem 4.3BPRChapter 4, Problem 4.4BPRChapter 4, Problem 4.5BPRChapter 4, Problem 1CPPChapter 5, Problem 1DQChapter 5, Problem 5.2APRChapter 5, Problem 5.3APRChapter 5, Problem 5.4APRChapter 5, Problem 5.5APRChapter 5, Problem 5.2BPRPurchase journal Purchase journal of Company WTE in the month of October 2016 is as follows: Figure...Chapter 6, Problem 1DQChapter 6, Problem 6.1APRChapter 6, Problem 6.2APRChapter 6, Problem 6.3APRChapter 6, Problem 6.4APRChapter 6, Problem 6.2BPRChapter 6, Problem 6.3BPRPerpetual Inventory System refers to the Merchandise Inventory system that maintains the detailed...Chapter 6, Problem 1COPExplanation: This procedure of reconciliation verifies that the inventory matches with the type and...The value of ending inventory on March 31, 2016 is calculated as follows: Ending Inventory(FIFO)...The tabular column showing inventory cost is presented as follows: Model Quantity ($) Unit cost ($)...Chapter 7, Problem 7.3BPRChapter 7, Problem 7.4BPRChapter 7, Problem 7.5BPRChapter 7, Problem 7.3CPThe inventory turnover ratio is calculated by dividing cost of goods sold by average inventory...Internal Control: Internal control refers to the policies, and plans of the business organization...Journal entry 1: Establish petty cash fund. Date Account Title and Explanation Post Ref Debit ($)...The deposits which are not recorded by the bank are referred to as deposits in transit. Since the...The deposits which are not recorded by the bank are referred to as deposits in transit. Since the...Journal entry 1: Establish petty cash fund. Date Account Title and Explanation Post Ref Debit ($)...Explanation: The deposits which are not recorded by the bank are referred to as deposits in transit....The deposits which are not recorded by the bank are referred to as deposits in transit. Since the...Chapter 9, Problem 1DQChapter 9, Problem 9.13EXChapter 9, Problem 9.14EXChapter 9, Problem 9.1APRChapter 9, Problem 9.4APRChapter 9, Problem 9.1BPRChapter 9, Problem 9.4BPRChapter 10, Problem 1DQChapter 10, Problem 10.3APRDetermine the annual depreciation expense, accumulated depreciation, and the book value by...Chapter 10, Problem 10.5APRChapter 10, Problem 10.2BPRChapter 10, Problem 10.3BPRChapter 10, Problem 10.4BPRChapter 10, Problem 10.5BPRChapter 11, Problem 1DQChapter 11, Problem 11.1APRChapter 11, Problem 11.2APRChapter 11, Problem 11.3APRChapter 11, Problem 11.5APRWorking notes: Calculate gross earnings for Mr. A. Gross earnings=Monthly salary×Number of...The following are the journal entries. 2016 Particulars Debit ($) Credit ($) January 3 Petty Cash...Proprietorships: Proprietorship is a form of organization, which is owned, and controlled by an...Working Notes for determining the division of net income between partner M and A under different...The income statement for 2016 of L&Y is as follows: L &Y Income Statement For the Year Ended...Working Notes: Calculation of Allowances for Doubtful Accounts – Allowance for doubtful debt is to...Explanation: Working Notes for determining the division of net income between partner H and N under...The income statement for 2016 of R&X is as follows: R&X Income Statement For the Year Ended...Working Notes: Calculation of Allowances for Doubtful Accounts – Allowance for doubtful debt is to...Chapter 13, Problem 1DQExplanation: Record the declaration and issuance of stock dividends. Transaction Number Account...Chapter 13, Problem 13.4APRChapter 13, Problem 13.5APRChapter 13, Problem 13.3BPRChapter 13, Problem 13.4BPRChapter 13, Problem 13.5BPRChapter 14, Problem 1DQPrepare journal entry for cash proceeds from the issuance of the bonds on July 1, 2016. Date Account...Prepare journal entry for cash proceeds from the issuance of the bonds on July 1, 2016. Date Account...Chapter 14, Problem 14.4APRChapter 14, Problem 14.1BPRPrepare journal entry for cash proceeds from the issuance of the bonds on July 1, 2016. Date Account...Prepare journal entry for cash proceeds from the issuance of the bonds on July 1, 2016. Date Account...Journalize the entries to record the transactions. Date Accounts and Explanation Post Ref. Debit ($)...Chapter 15, Problem 1DQPrepare journal entry for purchase of $75,000 bonds of Company A, at face amount with an accrued...Prepare journal entry for the purchase of 5,000 shares of Company W, at $40 per share, and a...Chapter 15, Problem 15.3APRPrepare journal entry for purchase of $100,000 bonds of Company SB, at face amount with an accrued...Prepare journal entry for the purchase of 4,800 shares of Company AP, at $26 per share, and a...Chapter 15, Problem 15.3BPRComparison of financial statement terms used in GAAP that contrast with IFRS: GAAP Financial...Chapter 15FSI, Problem 3IFRSChapter 16, Problem 1DQWorking note: Prepare the schedule in the changes of current assets and liabilities. Schedule in the...Working notes: Calculate increase or decrease in merchandise inventories: Increase or decrease...Explanation: Working notes: Calculate the amount of cash received from customers: (Cash received...Chapter 16, Problem 16.23EXWorking note: Prepare the schedule in the changes of current assets and liabilities. Schedule in the...Working notes: Prepare the schedule in the changes of current assets and liabilities. Schedule in...Basis of difference Horizontal analysis Vertical analysis Difference Horizontal analysis is prepared...Explanation: Working capital is the difference between current assets and current liabilities....Chapter 17, Problem 17.4APRReturn on assets determines the particular company’s overall earning power. It is determined by...Chapter 17, Problem 17.3BPRChapter 17, Problem 17.4BPRChapter 17, Problem 17.5BPRRate earned on total assets determines the particular company’s overall earning power. It is...Chapter 18, Problem 1DQChapter 18, Problem 18.4EXChapter 18, Problem 18.4APRChapter 18, Problem 18.4BPRChapter 19, Problem 1DQChapter 19, Problem 19.13EXChapter 19, Problem 19.17EXChapter 19, Problem 19.2APRChapter 19, Problem 19.2BPRThe total factory overhead is calculated by totaling all year’s actual overhead incurred in...Chapter 20, Problem 1DQChapter 20, Problem 20.7APEChapter 20, Problem 20.3APRChapter 20, Problem 20.4APRChapter 20, Problem 20.1BPRChapter 20, Problem 20.2BPRChapter 20, Problem 20.3BPRChapter 20, Problem 20.4BPRChapter 21, Problem 1DQChapter 21, Problem 21.2APRChapter 21, Problem 21.5APRChapter 21, Problem 21.6APRExplanation: Determine the total variable cost. Particulars Total cost (A) Variable cost percentage...Explanation: Determine the break-even point in sales units for the overall Product E. Fixed cost...Chapter 21, Problem 21.6BPRExplanation: The three major objectives of budgeting are described below: To set the goals for the...Chapter 22, Problem 22.2APRChapter 22, Problem 22.3APRChapter 22, Problem 22.5APRChapter 22, Problem 22.2BPRChapter 22, Problem 22.3BPRChapter 23, Problem 1DQThe income statement through gross profit for the month ended March 31 for Company LB is as follows:...Chapter 23, Problem 23.6BPEChapter 23, Problem 23.14EXChapter 23, Problem 23.5APRExplanation: Determine the direct labor time variance. Direct labor time variance} = [(Actual direct...Chapter 23, Problem 23.5CPPChapter 24, Problem 1DQChapter 24, Problem 24.5EXDetermine ROI of MN Segment, if income from operations is $6,818,000,000, sales are $20,356,000,000,...Chapter 24, Problem 24.16EXChapter 24, Problem 24.4APRChapter 24, Problem 24.4BPRDetermine profit margin of N Division for the year 2014. Profit margin =Income from operationsSales=...Chapter 25, Problem 1DQExplanation: Desired Profit: Company CD aims at earning a profit of 15% of the total investment made...Explanation: Desired Profit: Company NG aims at earning a profit of 10% of the total investment made...Chapter 26, Problem 1DQChapter 26, Problem 26.6APRChapter 26, Problem 26.6BPR

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