alphabetical order below are current asset items for Roland Company's balance sheet at Decemb Accounts receivable Cash Finished goods repaid expenses aw materials Work in process $214,000 65,000 88,000 39,000 91,000 94,000

Cash $      35,000   Accounts Receivable 65,000   Finished Goods 120,000   Work in Process 58,683   Materials 14,000   Building 580,000   Accum. Deprec.—Building   $      43,500 Factory Equipment 440,000   Accum. Deprec.—Factory Equipment   110,000 Office Equipment 90,000   Accum. Deprec.—Office Equipment   33,750 Accounts Payable   85,000 Notes Payable   100,000 Capital Stock   470,000 Retained Earnings   560,433      Total $1,402,683 $1,402,683   During the month of August, the following transactions took place: a. Purchased raw materials at a cost of $55,000 and general factory supplies at a cost of $18,000 on account.  (NOTE:  Materials account includes both materials and supplies.) b. Issued raw material to be used in production, costing $45,500, and miscellaneous factory supplies, $13,500. c. Recorded the payroll, the payment to the…

Vinubhai

Manufacturing Company Balance Sheet Partial balance sheet data for Diesel Additives Company at August 31 are as follows: Line Item Description Amount Finished goods inventory $13,600 Prepaid insurance 13,900 Accounts receivable 35,400 Work in process inventory 54,400 Supplies 24,500 Materials inventory 29,900 Cash 38,100 Prepare the “Current assets” section of Diesel Additives Company’s balance sheet at August 31. Diesel Additives Company Balance Sheet August 31 Line Item Description Amount Amount Current assets: $- Select - - Select - Inventories: $- Select - - Select - - Select - Total inventories Total inventories - Select - - Select - Total current assets $Total current assets

Sh16

Partial balance sheet data for Diesel Additives Company at August 31 are as follows: Finished goods inventory $42,000 Prepaid insurance 26,000 Accounts receivable 105,000 Work in process inventory 153,000 Supplies 72,300 Materials inventory 88,250 Cash 117,000   Prepare the Current assets section of Diesel Additives Company’s balance sheet at August 31. Refer to the Labels and Accounts list provided for the exact wording of the answer choices for text entries. Labels   August 31   Current assets   For the Month Ended August 31   For the Year Ended August 31   Inventories   Accounts   Accounts receivable   Accumulated depreciation-equipment   Cash   Equipment   Finished goods   Materials   Prepaid insurance   Supplies   Total inventories   Work in process   Prepare the Current assets section of Diesel Additives Company’s balance sheet at August 31. Refer to the Labels and Accounts list provided for the exact wording of the…

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Cash Accounts receivable Raw materiala inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Notes payable Common stock Retained earnings (prior year) Sales Coat of goods sold Factory overhead General and administrative expenses Totals Debit Credit $ 71,000 40,000 25,000 0 12,000 4,000 $ 10,000 13,000 112,000 24,000 40,000 40,000 94,000 171,000 $ 328,000 $ 328,000 These six documents must be processed to bring the accounting records up to date. Materials requisition 10: Materiala requisition 111 Materials requisition 121 Labor time ticket 521 Labor time ticket 53: Labor time ticket 541 $ 4,800 direct materials to Job 402 $ 7,400 direct materials to Job 404 $ 2,100 indirect materiala $ 6,000 direct labor to Job 402 $ 14,000 direct labor to Job 404 $ 5,000 indirect labor Jobs 402 and 404 are the only jobs in process at year-end. The predetermined overhead rate is 100% of direct labor cost. Problem 19-3A (Algo) Parts 4 and 5 4. Prepare an income…

Complete: Round to Nearest Current Assets Amount Hundredth Percent Cash $ 12,000 % Accounts receivable 9,000 % Prepaid rent Merchandise inventory 5,000 $ 28.000 Total current assets 100 %

The following is information for Charles Company for the current year Cost of Goods Sold Operating Expenses Other Income and (Expenses) Gain on Sale of Equipment Loss on Disposal of Equipment Descontinued Operations Gain Income Tax Expense What is the company's net income for the year? $214,000 151.000 19,000 7.000 (6,000) 2,000 40%