From the trial balance of Howards Cleaners, prepare the following f.pdf
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From the trial balance of Howard\'s Cleaners, prepare the following for August ·Income statement * Statement of owner\'s equity . Balance sheet (Click the icon to view the trial balance ) Prepare the income statement Begin with the heading and then complete the rest of the statement. (If a box is not used in the income statement leave the box empty; do not se Howard\'s Cleaners Income Statement For the Month Ended August 31, 201x Data Table Howard\'s Cleaners Trial Balance August 31, 201X Dr. Cr. 450 Cash Equipment Accounts Payable 780 J. Howard, Capital 665 J Howard, Withdrawals Cleaning Fees Salaries Expense Utblities Expense 487 97 5221,522 Totals Print Done Solution Income statement: Statement of owners equity Balance sheet: T accounts:RevenuesCleaning fees487ExpensesSalaries expense140Utilities expense97Total expenses237Net income250.
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ACC 201 Accounting Data Appendix The following events.docx
ACC 201 Accounting Data Appendix
The following events occurred in March:
·
March 1: Owner borrowed $125,000 to fund/start the business. The loan term is 5 years.
·
March 1: Owner paid $250 to the county for a business license.
·
March 2: Owner signed lease on office space; paying first (March 20XX) and last month’s rent of $950 per month.
· March 5: Owner contributed office furniture valued at $2,750 and cash in the amount of $15,000 to the business.
·
March 6: Owner performed service for client in the amount of $650. Customer paid in cash.
· March 8: Owner purchased advertising services on account in the amount of $500.
· March 10: Owner provided services to client on account, in the amount of $1,725.
· March 15: Owner paid business insurance in the amount of $750.
·
March 20: The owner received first utility bill in the amount of $135, due in April.
·
March 20: Office copier required maintenance; owner paid $95.00 for copier servicing.
·
March 22: Owner withdrew $500 cash for personal use.
·
March 25: Owner paid $215 for office supplies.
·
March 25: Owner provided service to client in the amount of $350. Client paid at time of service.
·
March 30: Owner paid balance due for advertising expense purchase on March 8.
·
March 30: Received payment from customer for March 10 invoice in the amount of $1,725.
·
March 31: Last day of pay period; owner owes part-time worker $275 for the March 16 through March 31 pay period. This will be paid on April 5.
·
March 31: Provided service for client on account in the amount of $3,500.
·
March 31: Record depreciation of the office furniture at $45.83.
image1.png
Chart of AccountsThis chart of accounts should help you identify the appropriate accounts to record to as you are analyzing and journaling transactions for this workbook. There is nothing to complete on this page; this is simply a resource for you.Asset AccountsLiability AccountsEquity AccountsAcct #Acct #Acct #Cash101Notes Payable201Owner's Capital301Accounts Receivable102Accounts Payable202Owner Draws302Prepaid Rent103Wages Payable203Office Furniture104Office Supplies105Accumulated Depreciation (contra asset)106Revenue AccountsAcct #Service Revenue401Expense AccountsAcct #Rent expense501Business License Expense502Insurance Expense503Repairs and Maintenance504Advertising Expense506Wages Expense507Utilities Expense508Depreciation Expense509CashBaking SuppliesPrepaid RentPrepaid InsuranceBaking EquipmentOffice SuppliesAccounts ReceivableAccumulated DepreciationMerchandise InventoryNotes PayableAccounts PayableWages PayableInterest Payable Common StockDividendsBakery SalesMerchandise SalesBaking Supplies ExpenseRent ExpenseInsurance Exp.
InstructionsCASE STUDY - THE COMPLETE ACCOUNTING CYCLEName ______.docx
InstructionsCASE STUDY - THE COMPLETE ACCOUNTING CYCLEName: ___________________________________This Case Study is worth 100 points, or 10% of your final course grade.This Case Study relates to TCOs E and F, and Chapters 2 and 3.MAKE SURE TO COMPLETE ALL REQUIREMENTS WHICH ARE LISTED BELOW.There are 10 sheets in the Workbook, including this one.All of the information that you need for the project is located in this Workbook.RequirementsSheet in WorkbookRequirement 1—Prepare the Journal Entries in the General JournalJournal EntriesRequirement 2—Post Journal Entries to the General LedgerGeneral LedgerRequirement 3—Prepare a Trial BalanceTrial BalanceRequirement 4—Prepare the Adjusting EntriesAdjusting EntriesRequirement 5—Post Adjusting Entries to the General LedgerGeneral LedgerRequirement 6—Prepare an Adjusted Trial BalanceAdjusted Trial BalanceRequirement 7—Prepare the Financial StatementsFinancial StatementsRequirement 8—Prepare the Closing EntriesClosing EntriesRequirement 9—Post Closing Entries to the General LedgerGeneral LedgerRequirement 10—Prepare the Post Closing Trial BalancePost-Closing Trial BalanceHint for success: Review the Week 2 Lesson prior to starting this project.There are also hints contained within certain cells on some of the Worksheet tabs. You can hover over the red pointer at the top right-hand corner of the cell to read the hint.Hints are provided for the following balances:1) The debits for the journal entries are on the Journal Entries tab.2) The credits for the journal entries are on the Journal Entries tab.3) The cash balance is on the General Ledger tab.4) The debits for the trial balance are on the Trial Balance tab.5) The credits for the trial balance are on the Trial Balance tab.6) The debits for the adjusted trial balance are on the Adjusted Trial Balance tab.7) The credits for the adjusted trial balance are on the Adjusted Trial Balance tab.8) Net income for the income statement is on the Financial Statements tab.9) Retained earnings as of July 31 are on the Financial Statements tab.10) Total assets for the balance sheet are on the Financial Statements tab.11) Total liabilities and shareholders' equity for the balance sheet are on the Financial Statements tab.12) The debits for the post-closing trial balance are on the Post-Closing Trial Balance tab.13) The credits for the post-closing trial balance are on the Post-Closing Trial Balance tab.
Journal EntriesRequirement #1:During its first month of operation, the Quick Tax Corporation, which specializes in tax preparation,completed the following transactions.July 1Began business by making a deposit in a company bank account of $60,000, in exchangefor 6,000 shares of $10 par value common stock.July 3Paid the current month's rent, $3,500July 5Paid the premium on a 1-year insurance policy, $4,200July 7Purchased supplies on account from Little Company, $1,000.July 10Paid employee salaries, $3,500July 14Purchased equipment from Lake Company, $10,000. Paid $2,500 d.
InstructionsCASE STUDY - THE COMPLETE ACCOUNTING CYCLEName ______
InstructionsCASE STUDY - THE COMPLETE ACCOUNTING CYCLEName: ___________________________________This Case Study is worth 100 points, or 10% of your final course grade.This Case Study relates to TCOs E and F, and Chapters 2 and 3.MAKE SURE TO COMPLETE ALL REQUIREMENTS WHICH ARE LISTED BELOW.There are 10 sheets in the Workbook, including this one.All of the information that you need for the project is located in this Workbook.RequirementsSheet in WorkbookRequirement 1—Prepare the Journal Entries in the General JournalJournal EntriesRequirement 2—Post Journal Entries to the General LedgerGeneral LedgerRequirement 3—Prepare a Trial BalanceTrial BalanceRequirement 4—Prepare the Adjusting EntriesAdjusting EntriesRequirement 5—Post Adjusting Entries to the General LedgerGeneral LedgerRequirement 6—Prepare an Adjusted Trial BalanceAdjusted Trial BalanceRequirement 7—Prepare the Financial StatementsFinancial StatementsRequirement 8—Prepare the Closing EntriesClosing EntriesRequirement 9—Post Closing Entries to the General LedgerGeneral LedgerRequirement 10—Prepare the Post Closing Trial BalancePost-Closing Trial BalanceHint for success: Review the Week 2 Lesson prior to starting this project.There are also hints contained within certain cells on some of the Worksheet tabs. You can hover over the red pointer at the top right-hand corner of the cell to read the hint.Hints are provided for the following balances:1) The debits for the journal entries are on the Journal Entries tab.2) The credits for the journal entries are on the Journal Entries tab.3) The cash balance is on the General Ledger tab.4) The debits for the trial balance are on the Trial Balance tab.5) The credits for the trial balance are on the Trial Balance tab.6) The debits for the adjusted trial balance are on the Adjusted Trial Balance tab.7) The credits for the adjusted trial balance are on the Adjusted Trial Balance tab.8) Net income for the income statement is on the Financial Statements tab.9) Retained earnings as of July 31 are on the Financial Statements tab.10) Total assets for the balance sheet are on the Financial Statements tab.11) Total liabilities and shareholders' equity for the balance sheet are on the Financial Statements tab.12) The debits for the post-closing trial balance are on the Post-Closing Trial Balance tab.13) The credits for the post-closing trial balance are on the Post-Closing Trial Balance tab.
Journal EntriesRequirement #1:During its first month of operation, the Quick Tax Corporation, which specializes in tax preparation,completed the following transactions.July 1Began business by making a deposit in a company bank account of $60,000, in exchangefor 6,000 shares of $10 par value common stock.July 3Paid the current month's rent, $3,500July 5Paid the premium on a 1-year insurance policy, $4,200July 7Purchased supplies on account from Little Company, $1,000.July 10Paid employee salaries, $3,500July 14Purchased equipment from Lake Company, $10,000. Paid $2,500 d ...
MenuACCT 212 Course Project 1RequirementRequirement DescriptionWo.docx
MenuACCT 212: Course Project 1RequirementRequirement DescriptionWorksheetPart A1Prepare the Journal Entries in the General JournalJournal Entries2Post Journal Entries to the General LedgerGeneral Ledger3Prepare a Trial BalanceTrial BalancePart B4Prepare the Adjusting EntriesAdjusting Entries5Post Adjusting Entries to the General LedgerGeneral Ledger6Prepare an Adjusted Trial BalanceAdjusted TB7Prepare the Financial StatementsFinancial Statements8Prepare the Closing EntriesClosing Entries9Post Closing Entries to the General LedgerGeneral Ledger10Prepare the Post Closing Trial BalancePost Closing TB
Click on the worksheet link to complete the corresponding Requirement or the Project Instructions button below for an overview.
Project Instructions/xl/drawings/drawing1.xml#'Project%20Instructions'!A1
Project InstructionsCourse Project #1 OverviewCourse Project #1 consists of two parts, A and B, respectively. There are 10 Requirements for you to complete in this exercise, Part A has 1-3 and Part B has 4-10. Part A is due at the end of Week 3. Part B is due at the end of Week 5. See Syllabus/”Due Dates for Assignments & Exams” for due date information. All of the information you need to complete Course Project #1 is located in this Workbook.
• There are 8 worksheets in the workbook you will need to complete for Parts A & B.
• A list of October transactions
• A Chart of Accounts reference sheet
• A Grading Rubric to help explain what is expected.
• Each worksheet has the Check Figures embedded as a comment.
ScenarioYou’ve just secured a new client in your accounting practice, the Rawls Repair Corporation, (RRC) a brand new small business specializing in bicycle repair. The owner, Rob Rawls, is a terrific cyclist and bike repair specialist, but definitely not an accountant. Your job is to help Rob put his affairs in order. Luckily Rob has only been in operation for a month and things have not gotten too out of hand yet! Rob has to submit his financial statements to his investors and doesn’t know where to begin. It’s your job to go through the complete Accounting cycle to prepare the financial statements for the RRC.RequirementsGuidelines For Part A:• Complete Requirements 1-3 on the Journal Entries, General Ledger, and Trial Balance worksheets.• Type your work directly into the worksheets.• Save your workbook as “CourseProject1A_ ACCT212_YourLastName”.• Submit the workbook to the DropBox under “Course Project 1-Part A” by the end of Week 3.For Part B:• Using feedback from your instructor and Part A, complete Requirements 4-10.• Type your work directly into the worksheets.• Save your workbook as “CourseProject1B_ACCT212_YourLastName”.• Submit the workbook to the DropBox under “Course Project 1-Part B” by the end of Week 5.
Before You Begin:
Review the Week 2 Lecture prior to starting work on this project.
Print the Chart of Accounts and October Transactions worksheets for you ...
No. 320 Dividends No. 332 Income Summary No. .pdf
No. 320 Dividends No. 332 Income Summary No. 350
Service Revenue No. 400 Maintenance and Repairs Expense No. 622 Depreciation Expense No.
711 Insurance Expense No. 722
Prepare a retained earnings statement. (List items that increase retained earnings first.)
Post the closing entries and balance the accounts. (Post entries in the order of journai entries
presented in the previous part)
Prepare an income statement. (Enter negative amounts using either a negative sign preceding the
number e.g. -45 or parentheses e.g. (45).)
Prepare a post-closing trial balance. (Do not list those accounts that have zero ending balance.)
Prepare a classified statement of financial position. (List Current Assets in the reverse order of
liquidity.)
Prepare an income statement. (Enter negative amounts using either a negative sign preceding the
number e 8.45 or parentheses e.g.
(To close expense accounts) Dec. 31 (To close net income / (loss)) Dec. 31 (To close dividends)
Post the closing entries and balance the accounts. (Post entries in the order of journal entries
presented in the previous part).
Current Attempt in Progress The completed financial statement columns of the worksheet for
Kingbird Music are shown as follows (amounts in NT\$).
Prepare the closing entries. (Credit account titles are automatically indented when amount is
entered. Do not indent manually. If no entr) is required, select "No Entry" for the account titles
and enter 0 for the amounts.)
Question 4 of 5 (1) 124 112 Accounts Receivable 130 Prepaid Insurance 157 Equipment 158 201
212 311 320 332 400 622 711 722 722 726 726 732 Accumulated Depreciation-Equip. Accounts
Payable Salaries and Wages Payable Share Capital-Ordinary Retained Earnings Dividends
Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense
Salaries and Wages Expense Utilities Expense 11,664 3,024 25,920 4,536 9,720 2,592 16,200
4,860 11,880 64,800 1,836 3,024 1,944 32,400 1,512 Totals 40,71664,800 61,992 37,908
Question 4 of 5 (1) 124 Equity and Liabilities NT\$ NT\$ NT\$.
Exercise 20-18The accounting staff of Usher Inc. has prepared the .pdf
Exercise 20-18
The accounting staff of Usher Inc. has prepared the following pension worksheet. Unfortunately,
several entries in the worksheet are not decipherable. The company has asked your assistance in
completing the worksheet and completing the accounting tasks related to the pension plan for
2014.
Pension Worksheet—Usher Inc.
General Journal Entries
Memo Record
Annual Pension
Expense
Cash
OCI—Prior
Service Cost
OCI—Gain/
Loss
Pension Asset/
Liability
Projected Benefit
Obligation
Plan
Assets
$1,100
$2,800
$1,700
500
280
220
150
$55
$800
800
200
200
365
1,100
0
$1,045
$215
$1,225
$3,745
$2,520
SHOW LIST OF ACCOUNTS
LINK TO TEXT
Account Titles and Explanation
Debit
Credit
Exercise 20-18
The accounting staff of Usher Inc. has prepared the following pension worksheet. Unfortunately,
several entries in the worksheet are not decipherable. The company has asked your assistance in
completing the worksheet and completing the accounting tasks related to the pension plan for
2014.Determine the missing amounts in the 2014 pension worksheet, indicating whether the
amounts are debits or credits.
Pension Worksheet—Usher Inc.
General Journal Entries
Memo Record
Annual Pension
Expense
Cash
OCI—Prior
Service Cost
OCI—Gain/
Loss
Pension Asset/
Liability
Projected Benefit
Obligation
Plan
AssetsBalance, Jan. 1, 2014
$1,100
Dr.Cr.
$2,800
Dr.Cr.
$1,700
Dr.Cr. Service cost
$
Dr.Cr.
500
Dr.Cr.Interest cost
Dr.Cr.
280
Dr.Cr. Actual return
Dr.Cr.
220
Dr.Cr. Unexpected gain
150
Dr.Cr.
$ Dr.Cr.Amortization of PSC
Dr.Cr.
$55
Dr.Cr. Contributions
$800
Dr.Cr.
800
Dr.Cr. Benefits
200
Dr.Cr.
200
Dr.Cr. Liability increase
Dr.Cr.
365
Dr.Cr. Journal entry
$ Dr.Cr.
$ Dr.Cr.
Dr.Cr.
Dr.Cr.
Dr.Cr.Accumulated OCI, Dec. 31, 2013
1,100
Dr.Cr.
0Balance, Dec. 31, 2014
$1,045
Dr.Cr.
$215
Dr.Cr.
$1,225 Dr.Cr.
$3,745
Dr.Cr.
$2,520
Dr.Cr.
SHOW LIST OF ACCOUNTS
LINK TO TEXTPrepare the journal entry to record 2014 pension expense for Usher Inc. (Credit
account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
Solution
(a) Completed worksheet
General Journal Entries
Memo Record
Annual Pension Expense
Cash
OCI—Prior
Service Cost
OCI—Gain/
Loss
Pension
Asset or liability
Project .
Benefit Obligation
Plan
Assets
Balance, Jan. 1, 2014
1,100 Cr.
2,800 Cr.
1,700 Dr.
Service cost
500 Dr.
500 Cr.
Interest cost
280 Dr.
280 Cr.
Actual return
220 Cr.
220 Dr.
Unexpected gain
150 Dr.
150 Cr.
Amortization of PSC
55 Dr.
55 Cr.
Contributions
800 Cr.
800 Dr.
Benefits
200 Dr.
200 Cr.
Liability increase
365Dr.
365 Cr.
Journal entry
765Dr.
800Cr.
55 Cr.
215 Dr.
125 Cr.
Accumulated OCI, Dec. 31, 2013
1,100Dr.
0
Balance, Dec. 31, 2014
1,045Dr.
215Dr.
1,225Cr.
3,745Cr.
2,520Dr.
(b) Pension Expense............................................................................................ 765
Other Comprehensive Income (G/L).......................................................... 215
Pension Asset/Liability.............................
Recommended
ACC 201 Accounting Data Appendix The following events.docx
ACC 201 Accounting Data Appendix
The following events occurred in March:
·
March 1: Owner borrowed $125,000 to fund/start the business. The loan term is 5 years.
·
March 1: Owner paid $250 to the county for a business license.
·
March 2: Owner signed lease on office space; paying first (March 20XX) and last month’s rent of $950 per month.
· March 5: Owner contributed office furniture valued at $2,750 and cash in the amount of $15,000 to the business.
·
March 6: Owner performed service for client in the amount of $650. Customer paid in cash.
· March 8: Owner purchased advertising services on account in the amount of $500.
· March 10: Owner provided services to client on account, in the amount of $1,725.
· March 15: Owner paid business insurance in the amount of $750.
·
March 20: The owner received first utility bill in the amount of $135, due in April.
·
March 20: Office copier required maintenance; owner paid $95.00 for copier servicing.
·
March 22: Owner withdrew $500 cash for personal use.
·
March 25: Owner paid $215 for office supplies.
·
March 25: Owner provided service to client in the amount of $350. Client paid at time of service.
·
March 30: Owner paid balance due for advertising expense purchase on March 8.
·
March 30: Received payment from customer for March 10 invoice in the amount of $1,725.
·
March 31: Last day of pay period; owner owes part-time worker $275 for the March 16 through March 31 pay period. This will be paid on April 5.
·
March 31: Provided service for client on account in the amount of $3,500.
·
March 31: Record depreciation of the office furniture at $45.83.
image1.png
Chart of AccountsThis chart of accounts should help you identify the appropriate accounts to record to as you are analyzing and journaling transactions for this workbook. There is nothing to complete on this page; this is simply a resource for you.Asset AccountsLiability AccountsEquity AccountsAcct #Acct #Acct #Cash101Notes Payable201Owner's Capital301Accounts Receivable102Accounts Payable202Owner Draws302Prepaid Rent103Wages Payable203Office Furniture104Office Supplies105Accumulated Depreciation (contra asset)106Revenue AccountsAcct #Service Revenue401Expense AccountsAcct #Rent expense501Business License Expense502Insurance Expense503Repairs and Maintenance504Advertising Expense506Wages Expense507Utilities Expense508Depreciation Expense509CashBaking SuppliesPrepaid RentPrepaid InsuranceBaking EquipmentOffice SuppliesAccounts ReceivableAccumulated DepreciationMerchandise InventoryNotes PayableAccounts PayableWages PayableInterest Payable Common StockDividendsBakery SalesMerchandise SalesBaking Supplies ExpenseRent ExpenseInsurance Exp.
InstructionsCASE STUDY - THE COMPLETE ACCOUNTING CYCLEName ______.docx
InstructionsCASE STUDY - THE COMPLETE ACCOUNTING CYCLEName: ___________________________________This Case Study is worth 100 points, or 10% of your final course grade.This Case Study relates to TCOs E and F, and Chapters 2 and 3.MAKE SURE TO COMPLETE ALL REQUIREMENTS WHICH ARE LISTED BELOW.There are 10 sheets in the Workbook, including this one.All of the information that you need for the project is located in this Workbook.RequirementsSheet in WorkbookRequirement 1—Prepare the Journal Entries in the General JournalJournal EntriesRequirement 2—Post Journal Entries to the General LedgerGeneral LedgerRequirement 3—Prepare a Trial BalanceTrial BalanceRequirement 4—Prepare the Adjusting EntriesAdjusting EntriesRequirement 5—Post Adjusting Entries to the General LedgerGeneral LedgerRequirement 6—Prepare an Adjusted Trial BalanceAdjusted Trial BalanceRequirement 7—Prepare the Financial StatementsFinancial StatementsRequirement 8—Prepare the Closing EntriesClosing EntriesRequirement 9—Post Closing Entries to the General LedgerGeneral LedgerRequirement 10—Prepare the Post Closing Trial BalancePost-Closing Trial BalanceHint for success: Review the Week 2 Lesson prior to starting this project.There are also hints contained within certain cells on some of the Worksheet tabs. You can hover over the red pointer at the top right-hand corner of the cell to read the hint.Hints are provided for the following balances:1) The debits for the journal entries are on the Journal Entries tab.2) The credits for the journal entries are on the Journal Entries tab.3) The cash balance is on the General Ledger tab.4) The debits for the trial balance are on the Trial Balance tab.5) The credits for the trial balance are on the Trial Balance tab.6) The debits for the adjusted trial balance are on the Adjusted Trial Balance tab.7) The credits for the adjusted trial balance are on the Adjusted Trial Balance tab.8) Net income for the income statement is on the Financial Statements tab.9) Retained earnings as of July 31 are on the Financial Statements tab.10) Total assets for the balance sheet are on the Financial Statements tab.11) Total liabilities and shareholders' equity for the balance sheet are on the Financial Statements tab.12) The debits for the post-closing trial balance are on the Post-Closing Trial Balance tab.13) The credits for the post-closing trial balance are on the Post-Closing Trial Balance tab.
Journal EntriesRequirement #1:During its first month of operation, the Quick Tax Corporation, which specializes in tax preparation,completed the following transactions.July 1Began business by making a deposit in a company bank account of $60,000, in exchangefor 6,000 shares of $10 par value common stock.July 3Paid the current month's rent, $3,500July 5Paid the premium on a 1-year insurance policy, $4,200July 7Purchased supplies on account from Little Company, $1,000.July 10Paid employee salaries, $3,500July 14Purchased equipment from Lake Company, $10,000. Paid $2,500 d.
InstructionsCASE STUDY - THE COMPLETE ACCOUNTING CYCLEName ______
InstructionsCASE STUDY - THE COMPLETE ACCOUNTING CYCLEName: ___________________________________This Case Study is worth 100 points, or 10% of your final course grade.This Case Study relates to TCOs E and F, and Chapters 2 and 3.MAKE SURE TO COMPLETE ALL REQUIREMENTS WHICH ARE LISTED BELOW.There are 10 sheets in the Workbook, including this one.All of the information that you need for the project is located in this Workbook.RequirementsSheet in WorkbookRequirement 1—Prepare the Journal Entries in the General JournalJournal EntriesRequirement 2—Post Journal Entries to the General LedgerGeneral LedgerRequirement 3—Prepare a Trial BalanceTrial BalanceRequirement 4—Prepare the Adjusting EntriesAdjusting EntriesRequirement 5—Post Adjusting Entries to the General LedgerGeneral LedgerRequirement 6—Prepare an Adjusted Trial BalanceAdjusted Trial BalanceRequirement 7—Prepare the Financial StatementsFinancial StatementsRequirement 8—Prepare the Closing EntriesClosing EntriesRequirement 9—Post Closing Entries to the General LedgerGeneral LedgerRequirement 10—Prepare the Post Closing Trial BalancePost-Closing Trial BalanceHint for success: Review the Week 2 Lesson prior to starting this project.There are also hints contained within certain cells on some of the Worksheet tabs. You can hover over the red pointer at the top right-hand corner of the cell to read the hint.Hints are provided for the following balances:1) The debits for the journal entries are on the Journal Entries tab.2) The credits for the journal entries are on the Journal Entries tab.3) The cash balance is on the General Ledger tab.4) The debits for the trial balance are on the Trial Balance tab.5) The credits for the trial balance are on the Trial Balance tab.6) The debits for the adjusted trial balance are on the Adjusted Trial Balance tab.7) The credits for the adjusted trial balance are on the Adjusted Trial Balance tab.8) Net income for the income statement is on the Financial Statements tab.9) Retained earnings as of July 31 are on the Financial Statements tab.10) Total assets for the balance sheet are on the Financial Statements tab.11) Total liabilities and shareholders' equity for the balance sheet are on the Financial Statements tab.12) The debits for the post-closing trial balance are on the Post-Closing Trial Balance tab.13) The credits for the post-closing trial balance are on the Post-Closing Trial Balance tab.
Journal EntriesRequirement #1:During its first month of operation, the Quick Tax Corporation, which specializes in tax preparation,completed the following transactions.July 1Began business by making a deposit in a company bank account of $60,000, in exchangefor 6,000 shares of $10 par value common stock.July 3Paid the current month's rent, $3,500July 5Paid the premium on a 1-year insurance policy, $4,200July 7Purchased supplies on account from Little Company, $1,000.July 10Paid employee salaries, $3,500July 14Purchased equipment from Lake Company, $10,000. Paid $2,500 d ...
MenuACCT 212 Course Project 1RequirementRequirement DescriptionWo.docx
MenuACCT 212: Course Project 1RequirementRequirement DescriptionWorksheetPart A1Prepare the Journal Entries in the General JournalJournal Entries2Post Journal Entries to the General LedgerGeneral Ledger3Prepare a Trial BalanceTrial BalancePart B4Prepare the Adjusting EntriesAdjusting Entries5Post Adjusting Entries to the General LedgerGeneral Ledger6Prepare an Adjusted Trial BalanceAdjusted TB7Prepare the Financial StatementsFinancial Statements8Prepare the Closing EntriesClosing Entries9Post Closing Entries to the General LedgerGeneral Ledger10Prepare the Post Closing Trial BalancePost Closing TB
Click on the worksheet link to complete the corresponding Requirement or the Project Instructions button below for an overview.
Project Instructions/xl/drawings/drawing1.xml#'Project%20Instructions'!A1
Project InstructionsCourse Project #1 OverviewCourse Project #1 consists of two parts, A and B, respectively. There are 10 Requirements for you to complete in this exercise, Part A has 1-3 and Part B has 4-10. Part A is due at the end of Week 3. Part B is due at the end of Week 5. See Syllabus/”Due Dates for Assignments & Exams” for due date information. All of the information you need to complete Course Project #1 is located in this Workbook.
• There are 8 worksheets in the workbook you will need to complete for Parts A & B.
• A list of October transactions
• A Chart of Accounts reference sheet
• A Grading Rubric to help explain what is expected.
• Each worksheet has the Check Figures embedded as a comment.
ScenarioYou’ve just secured a new client in your accounting practice, the Rawls Repair Corporation, (RRC) a brand new small business specializing in bicycle repair. The owner, Rob Rawls, is a terrific cyclist and bike repair specialist, but definitely not an accountant. Your job is to help Rob put his affairs in order. Luckily Rob has only been in operation for a month and things have not gotten too out of hand yet! Rob has to submit his financial statements to his investors and doesn’t know where to begin. It’s your job to go through the complete Accounting cycle to prepare the financial statements for the RRC.RequirementsGuidelines For Part A:• Complete Requirements 1-3 on the Journal Entries, General Ledger, and Trial Balance worksheets.• Type your work directly into the worksheets.• Save your workbook as “CourseProject1A_ ACCT212_YourLastName”.• Submit the workbook to the DropBox under “Course Project 1-Part A” by the end of Week 3.For Part B:• Using feedback from your instructor and Part A, complete Requirements 4-10.• Type your work directly into the worksheets.• Save your workbook as “CourseProject1B_ACCT212_YourLastName”.• Submit the workbook to the DropBox under “Course Project 1-Part B” by the end of Week 5.
Before You Begin:
Review the Week 2 Lecture prior to starting work on this project.
Print the Chart of Accounts and October Transactions worksheets for you ...
No. 320 Dividends No. 332 Income Summary No. .pdf
No. 320 Dividends No. 332 Income Summary No. 350
Service Revenue No. 400 Maintenance and Repairs Expense No. 622 Depreciation Expense No.
711 Insurance Expense No. 722
Prepare a retained earnings statement. (List items that increase retained earnings first.)
Post the closing entries and balance the accounts. (Post entries in the order of journai entries
presented in the previous part)
Prepare an income statement. (Enter negative amounts using either a negative sign preceding the
number e.g. -45 or parentheses e.g. (45).)
Prepare a post-closing trial balance. (Do not list those accounts that have zero ending balance.)
Prepare a classified statement of financial position. (List Current Assets in the reverse order of
liquidity.)
Prepare an income statement. (Enter negative amounts using either a negative sign preceding the
number e 8.45 or parentheses e.g.
(To close expense accounts) Dec. 31 (To close net income / (loss)) Dec. 31 (To close dividends)
Post the closing entries and balance the accounts. (Post entries in the order of journal entries
presented in the previous part).
Current Attempt in Progress The completed financial statement columns of the worksheet for
Kingbird Music are shown as follows (amounts in NT\$).
Prepare the closing entries. (Credit account titles are automatically indented when amount is
entered. Do not indent manually. If no entr) is required, select "No Entry" for the account titles
and enter 0 for the amounts.)
Question 4 of 5 (1) 124 112 Accounts Receivable 130 Prepaid Insurance 157 Equipment 158 201
212 311 320 332 400 622 711 722 722 726 726 732 Accumulated Depreciation-Equip. Accounts
Payable Salaries and Wages Payable Share Capital-Ordinary Retained Earnings Dividends
Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense
Salaries and Wages Expense Utilities Expense 11,664 3,024 25,920 4,536 9,720 2,592 16,200
4,860 11,880 64,800 1,836 3,024 1,944 32,400 1,512 Totals 40,71664,800 61,992 37,908
Question 4 of 5 (1) 124 Equity and Liabilities NT\$ NT\$ NT\$.
Exercise 20-18The accounting staff of Usher Inc. has prepared the .pdf
Exercise 20-18
The accounting staff of Usher Inc. has prepared the following pension worksheet. Unfortunately,
several entries in the worksheet are not decipherable. The company has asked your assistance in
completing the worksheet and completing the accounting tasks related to the pension plan for
2014.
Pension Worksheet—Usher Inc.
General Journal Entries
Memo Record
Annual Pension
Expense
Cash
OCI—Prior
Service Cost
OCI—Gain/
Loss
Pension Asset/
Liability
Projected Benefit
Obligation
Plan
Assets
$1,100
$2,800
$1,700
500
280
220
150
$55
$800
800
200
200
365
1,100
0
$1,045
$215
$1,225
$3,745
$2,520
SHOW LIST OF ACCOUNTS
LINK TO TEXT
Account Titles and Explanation
Debit
Credit
Exercise 20-18
The accounting staff of Usher Inc. has prepared the following pension worksheet. Unfortunately,
several entries in the worksheet are not decipherable. The company has asked your assistance in
completing the worksheet and completing the accounting tasks related to the pension plan for
2014.Determine the missing amounts in the 2014 pension worksheet, indicating whether the
amounts are debits or credits.
Pension Worksheet—Usher Inc.
General Journal Entries
Memo Record
Annual Pension
Expense
Cash
OCI—Prior
Service Cost
OCI—Gain/
Loss
Pension Asset/
Liability
Projected Benefit
Obligation
Plan
AssetsBalance, Jan. 1, 2014
$1,100
Dr.Cr.
$2,800
Dr.Cr.
$1,700
Dr.Cr. Service cost
$
Dr.Cr.
500
Dr.Cr.Interest cost
Dr.Cr.
280
Dr.Cr. Actual return
Dr.Cr.
220
Dr.Cr. Unexpected gain
150
Dr.Cr.
$ Dr.Cr.Amortization of PSC
Dr.Cr.
$55
Dr.Cr. Contributions
$800
Dr.Cr.
800
Dr.Cr. Benefits
200
Dr.Cr.
200
Dr.Cr. Liability increase
Dr.Cr.
365
Dr.Cr. Journal entry
$ Dr.Cr.
$ Dr.Cr.
Dr.Cr.
Dr.Cr.
Dr.Cr.Accumulated OCI, Dec. 31, 2013
1,100
Dr.Cr.
0Balance, Dec. 31, 2014
$1,045
Dr.Cr.
$215
Dr.Cr.
$1,225 Dr.Cr.
$3,745
Dr.Cr.
$2,520
Dr.Cr.
SHOW LIST OF ACCOUNTS
LINK TO TEXTPrepare the journal entry to record 2014 pension expense for Usher Inc. (Credit
account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
Solution
(a) Completed worksheet
General Journal Entries
Memo Record
Annual Pension Expense
Cash
OCI—Prior
Service Cost
OCI—Gain/
Loss
Pension
Asset or liability
Project .
Benefit Obligation
Plan
Assets
Balance, Jan. 1, 2014
1,100 Cr.
2,800 Cr.
1,700 Dr.
Service cost
500 Dr.
500 Cr.
Interest cost
280 Dr.
280 Cr.
Actual return
220 Cr.
220 Dr.
Unexpected gain
150 Dr.
150 Cr.
Amortization of PSC
55 Dr.
55 Cr.
Contributions
800 Cr.
800 Dr.
Benefits
200 Dr.
200 Cr.
Liability increase
365Dr.
365 Cr.
Journal entry
765Dr.
800Cr.
55 Cr.
215 Dr.
125 Cr.
Accumulated OCI, Dec. 31, 2013
1,100Dr.
0
Balance, Dec. 31, 2014
1,045Dr.
215Dr.
1,225Cr.
3,745Cr.
2,520Dr.
(b) Pension Expense............................................................................................ 765
Other Comprehensive Income (G/L).......................................................... 215
Pension Asset/Liability.............................
P4-7P4-7 Recording Adjusting and Closing Entries and Preparing a B.docx
P4-7P4-7 Recording Adjusting and Closing Entries and Preparing a Balance Sheet and Income Statement Including Earnings per Share LO4-1, 4-2, 4-4Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period, December 31, 2014:Account TitlesDebitCredit Cash$ 42,000 Accounts receivable11,600 Supplies900 Prepaid insurance800 Service trucks19,000 Accumulated depreciation$ 9,200 Other assets8,300 Accounts payable3,000 Wages payable Income taxes payable Note payable (3 years; 10% interest due each December 31)17,000 Common stock (5,000 shares outstanding)400 Additional paid-in capital19,000 Retained earnings6,000 Service revenue61,360 Remaining expenses (not detailed; excludes income tax)33,360 Income tax expense Totals$ 115,960$ 115,960Data not yet recorded at December 31, 2014, included:a.The supplies count on December 31, 2014, reflected $300 remaining supplies on hand to be used in 2015.b.Insurance expired during 2014, $800.c.Depreciation expense for 2014, $3,700.d.Wages earned by employees not yet paid on December 31, 2014, $640.e.Income tax expense, $5,540.Required:1Record the 2014 adjusting entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)TransactionGeneral JournalDebitCredita.b.c.d.e.Required:2-a.Prepare an income statement that includes the effects of the preceding five transactions. (Round "Earnings per share" to 2 decimal places.)TUNSTALL, INC.Income StatementFor the Year Ended December 31, 2014Operating revenue:Operating expenses:Total expenses-Earnings per shareRequired:2-b.Prepare a classified balance sheet that includes the effects of the preceding five transactions. (Amounts to be deducted should be indicated by a minus sign.)TUNSTALL, INC.Balance SheetAt December 31, 2014AssetsLiabilities and Stockholders’ EquityCurrent assets:Current liabilities:Total current assets-Total current liabilities-Total liabilities-Stockholders' equity:Total stockholders' equity-Total assets$ -Total liabilities and stockholders' equity$ -Required:3Record the 2014 closing entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)TransactionGeneral JournalDebitCredit1
P4-7 Check FiguresP4-7 Recording Adjusting and Closing Entries and Preparing a Balance Sheet and Income Statement Including Earnings per Share LO4-1, 4-2, 4-4Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period, December 31, 2014:Account TitlesDebitCredit Cash$ 42,000 Accounts receivable11,600 Supplies900 Prepaid insurance800 Service trucks19,000 Accumulated depreciation$ 9,200 Ot.
Introduction to Financial Management
Pengenalan materi manajemen finansial dengan sub topik financial statement, cash flow & taxes
Portfolio Project Option 1 Student TemplateOption #1 Venture .docx
Portfolio Project Option 1 Student Template
Option #1: Venture Consultants, Power and Demolition Company, and Warnerwood Accounting Cases
PART 1:
Venture Consultants
The month of March transactions
Date
Account Names
Debit
Credit
1-Mar
2-Mar
3-Mar
6-Mar
9-Mar
12-Mar
19-Mar
22-Mar
25-Mar
29-Mar
30-Mar
30-Apr
$221,000
$221,000
PART 2A
Power and Demolition Co, Adjustment April 30, 2015
Adjust #
Account Names
Debit
Credit
1
2
3
4
5
6
7
8
PART 2B
Power and Demolition Co, Adjustment April 30, 2015
Continued
UTB
ADJUSTMENT
Acct #
Account Names
Debit
Credit
Debit
Credit
Debit
101
Cash
$7,000
$7,000
126
Supplies
$16,000
128
Pre-paid insurance
$12,600
167
Equipment
$200,000
Accumulated. Depreciation
$14,000
201
Account payable
$6,800
Utilities payable
Wages payable
Rent Payable
PropertyTxPayable
Interest payable
251
Long-term notes payable
$30,000
301
Bonn, Equity
$86,900
302
Bonn, Withdrawals
$12,000
401
Demolition fees earned
$187,000
623
Wage expense
$41,400
633
Interest expense
$3,300
640
Rent expense
$13,200
683
Property tax expense
$9,700
684
Repairs expense
$4,700
690
Utilities expense
$4,800
Supply expense
Insurance expense
Depreciation expense
TOTALS
$324,700
$324,700
PART 3
Warnerwood Company
Column->
A
B
C
D
E
F
G
Date
Activities
# Units Buy
Cost/unit
#Units Sold
Price/unit
Cost GAS
Sales
1-Mar
BI
5-Mar
TI
9-Mar
TO
18-Mar
TI
25-Mar
TI
29-Mar
TO
TOTAL
Q1. Units in Available for Sales is BI + TI (Column B)=
Units (BI + TI) =
Q2. BI + TI - TO = EI=
820
minus
580
equals
240
Q3. FIFO
Q3. LIFO
Q3. Weighted Average
Weighted cost/unit=
Cost EI=
Q.4
Sales
COGS/Method
Gross Profit
Q4. FIFO
Q4. LIFO
Q4. WtAvg
Portfolio
Project Option 1 Student Template
Option #1
:
Venture Consultants, Power and Demolition Company, and Warnerwood
Accounting Cases
PART 1:
Venture Consultants
The month of March transactions
Date
Account
Names
Debit
Credit
1
-
Mar
2
-
Mar
3
-
Mar
6
-
Mar
9
-
Mar
12
-
Mar
19
-
Mar
22
-
Mar
25
-
Mar
29
-
Mar
30
-
Mar
.
Statement of retained earnings Hayes Enterprises began 2015 with a ret.docx
Statement of retained earnings Hayes Enterprises began 2015 with a retained earnings
balance of $928,000. During 2015, the firm earned $377,000 after taxes. From
this amount, preferred stockholders were paid $47,000 in dividends. At year-end
2015, the firm’s retained earnings totaled $1,048,000. The firm had 140,000 shares
of common stock outstanding during 2015.
a. Prepare a statement of retained earnings for the year ended December 31, 2015,
for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash
dividends paid in 2015.)
b. Calculate the firm’s 2015 earnings per share (EPS).
c. How large a per-share cash dividend did the firm pay on common stock during
2015?
Solution
a)
b) Earning per share = Earning attributable to Common stockholders/ No. of Common Stock
= (377000 - 47000) / 140000
= $ 2.36 per share
c) Cash dividend per share = 210000/140000
= $ 1.50
.
Statement of retained earnings Hayes Enterprises began 2015 with a ret.docx
Statement of retained earnings Hayes Enterprises began 2015 with a retained earnings
balance of $928,000. During 2015, the firm earned $377,000 after taxes. From
this amount, preferred stockholders were paid $47,000 in dividends. At year-end
2015, the firm’s retained earnings totaled $1,048,000. The firm had 140,000 shares
of common stock outstanding during 2015.
a. Prepare a statement of retained earnings for the year ended December 31, 2015,
for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash
dividends paid in 2015.)
b. Calculate the firm’s 2015 earnings per share (EPS).
c. How large a per-share cash dividend did the firm pay on common stock during
2015?
Solution
a)
b) Earning per share = Earning attributable to Common stockholders/ No. of Common Stock
= (377000 - 47000) / 140000
= $ 2.36 per share
c) Cash dividend per share = 210000/140000
= $ 1.50
.
MenuACCT 212 Course Project 1RequirementRequirement DescriptionWo.docx
MenuACCT 212: Course Project 1RequirementRequirement DescriptionWorksheetPart A1Prepare the Journal Entries in the General JournalJournal Entries2Post Journal Entries to the General LedgerGeneral Ledger3Prepare a Trial BalanceTrial BalancePart B4Prepare the Adjusting EntriesAdjusting Entries5Post Adjusting Entries to the General LedgerGeneral Ledger6Prepare an Adjusted Trial BalanceAdjusted TB7Prepare the Financial StatementsFinancial Statements8Prepare the Closing EntriesClosing Entries9Post Closing Entries to the General LedgerGeneral Ledger10Prepare the Post Closing Trial BalancePost Closing TB
Click on the worksheet link to complete the corresponding Requirement or the Project Instructions button below for an overview.
Project Instructions/xl/drawings/drawing1.xml#'Project%20Instructions'!A1
Project InstructionsCourse Project #1 OverviewThe Course Project consists of 10 Requirements for you to complete. The Course Project is due at the end of Week 6. See the Syllabus section ”Due Dates for Assignments & Exams” for due date information. All of the information you need to complete the Course Project is located in this Workbook.
• There are eight worksheets in the workbook you will need to complete.
• A list of October transactions
• A Chart of Accounts reference sheet
• A Grading Rubric to help explain what is expected.
• Each worksheet has the Check Figures embedded as a comment.
ScenarioYou’ve just secured a new client in your accounting practice, the Rawls Repair Corporation (RRC), a brand new small business specializing in bicycle repair. The owner, Rob Rawls, is a terrific cyclist and bike repair specialist, but definitely not an accountant. Your job is to help Rob put his affairs in order. Luckily Rob has only been in operation for a month and things have not gotten too out of hand yet! Rob has to submit his financial statements to his investors and doesn’t know where to begin. It’s your job to go through the complete Accounting cycle to prepare the financial statements for the RRC.RequirementsGuidelinesUse the embedded assistance in the template, guidance in your textbook, and examples in the weekly lectures to complete this project. Should you have any questions contact your professor.
Before You Begin:
Review the Week 2 Lecture prior to starting work on this project.
Print the Chart of Accounts and October Transactions worksheets for your reference. You will need to refer to both throughout the project.
Review the Grading Criteria.
SAVE your work frequently in this workbook.
October TransactionsDuring its first month of operation, the Rawls Repair Corporation, which specializes in bicycle repairs, completed the following transactions.October TransactionsDateTransaction DescriptionOct. 1Began business by making a deposit in a company bank account of $12,000, in exchange for 1,200 shares of $10 par value common stock.Oct. 1Paid the premium on a 1-year insurance policy, $1,200.Oct. 1Paid the current month's store rent ex ...
The trial balance of Watteau Co. does not balance.WATTEAU CO. .pdf
The trial balance of the Wall Fashion Center, Inc. contained the following accounts at December
31, 2007 the end of the company’s calendar year.
WALL FASHION CENTER, INC.
Trial Balance
31-Dec-07
Debit
Credit
Cash
$ 16,700
Accounts Receivable
33,700
Merchandise Inventory (Beginning)
38,000
Store Supplies
5,500
Store Equipment
85,000
Accumulated Depreciation-Store Equipment
$ 18,000
Delivery Equipment
48,000
Accumulated Depreciation-Delivery Equipment
6,000
Notes Payable
51,000
Accounts Payable
48,500
Common Stock
80,000
Retained Earnings
30,000
Dividends
12,000
Sales
746,600
Sales Returns and Allowances
4,200
Purchases
503,600
Purchase Returns and Allowances
6,900
Purchase Discounts
3,700
Freight-in
10,800
Salaries Expense
140,000
Advertising Expense
26,400
Utilities Expense
17,000
Repair Expense
9,100
Delivery Expense
16,700
Rent Expense
24,000
$ 990,700
$ 990,700
Adjustment data:
Store supplies on hand totaled $3,500.
Depreciation is $9,000 on the store equipment and $7,000 on the delivery equipment.
Interest of $11,000 is accrued on notes payable at December 31.
Other data:
Merchandise inventory on hand at December 31, 2007 is $45,000.
Salaries expense is 70% selling and 30% administrative.
Rent expense and utilities expense are 80% selling and 20% administrative.
$30,000 of notes payable are due for payment next year.
Repair expense is 100% administrative.
The beginning balance of accounts receivable is $31,250.
The amount of total assets at the beginning of the year is $199,700.
Instructions
1)Journalize the adjusting entries.
2)Prepare a multiple-step income statement and a retained earnings statement for the year and a
classified balance sheet as of December 31, 2007.
3)Journalize the closing entries.
4)Prepare a post-closing trial balance.
5)Prepare the following ratios and show all support for your computations:
a) Current Ratio
b) Quick Ratio
c) Working Capital
d) Accounts Receivable Turnover
e) Average Collection Period
f) Inventory Turnover
g) Days in Inventory
h) Debt to Total Assets Ratio
i) Gross Profit Ratio
j) Profit Margin Ratio
k) Return on Assets Ratio
l) Asset Turnover Ratio
6) Based on the ratios computed in 5 above, answer the following questions and use the financial
statement ratios to support your answers where appropriate:
Do you feel that the company is able to meet its current and long term obligations as they
become due?
Comment on the profitability of the company with respect to the various profitability ratios that
you computed.
Would you lend money to this company for the long term?
Comment on the ability of the company to collect its receivables and mange inventory.
2004
2005
2006
Industry Average
Liquidity
Current
1.09
1.30
1.80
1.42
Quick
0.89
1.08
1.28
1.10
Working Capital
$ 10,000.00
$ 13,500.00
$ 18,000.00
$ 20,000.00
Leverage
Debt to Total Assets (%)
52.03%
48.52%
43.61%
40.00%
Times Interest Earned
1.50
3.50
4.75
5.00
Activity
Inventory Turnover (sales)
12.56
13.85
14.02
19.98
Fixed Asset Turnover
9.50
.
SOS Please please please help on this problem!!!!!!!!!!!!!!!!!!!!!! .pdf
SOS Please please please help on this problem!!!!!!!!!!!!!!!!!!!!!! :) Closing Entries and the
Postclosing Trial Balance 192 CHAPTER 6 Mini-Practice Set 1 Service Business Accounting
Cycle Eli\'s Consulting Services ing principles and This project will give you an opportunity to
apply your knowledge of accounting principles and procedures by handling all the accounting
work of Eli\'s Consulting Services for the month o January 2020. Assume that you are the chief
accountant for Eli\'s Consulting Services, During January, the busi ness will use the same types
of records and procedures that you learned about in Chapters 1 through 6. The chart of accounts
for Eli\'s Consulting Services has been expanded to include a few new accounts. Follow the
instructions to complete the accounting records for the month of January. INTRODUCTION
Eli\'s Consulting Services Chart of Accounts Revenue 401 Fees Income Assets 101 Cash 111
Accounts Receivable 121 Supplies 134 Prepaid Insurance 137 Prepaid Rent 141 Equipment 142
Accumulated Depreciation Equipment Liabilities 202 Accounts Payable Expenses 511 Salaries
Expense 514 Utilities Expense 517 Supplies Expense 520 Rent Expense 523 Depreciation
Expense-Equipment 526 Advertising Expense 529 Maintenance Expense 532 Telephone
Expense 535 Insurance Expense Owner\'s Equity 301 Trayton Eli, Capital 302 Trayton Eli,
Drawing 309 Income Summary INSTRUCTIONS 1. Open the general ledger accounts and enter
the balances for January 1, 2020. Obtain the necessary figures from the postclosing trial balance
prepared on December 31, 2019, which appears in Figure 6.3. 2. Analyze each transaction and
record it in the general journal. Use page 3 to begin January\'s transactions. 3. Post the
transactions to the general ledger accounts. 4. Prepare the Trial Balance section of the worksheet.
5. Prepare the Adjustments section of the worksheet. a. Compute and record the adjustment for
supplies used during the month. An inventory taken on January 31 showed supplies of $5,200 on
hand. b. Compute and record the adjustment for expired insurance for the month. c. Record the
adjustment for one month of expired rent of $4,000. d. Record the adjustment for depreciation of
$183 on the old equipment for the month. The first adjustment for depreciation for the new
equipment will be recorded in February, 6. Complete the worksheet. 7. Prepare an income
statement for the month. 8. Prepare a statement of owner\'s equity.
Solution
Journal Entries
Date
Account Title
Debit
Credit
2-Jan
Supplies
7000
Cash
7000
7-Jan
Cash
20000
Accounts receivable
5000
Fees Income
25000
2-Jan
Insurance expense
8400
Cash
8400
12-Jan
Cash
4000
Accounts receivable
4000
Advertising expense
3600
Cash
3600
Cash
20700
Accounts receivable
2300
Fees Income
23000
13-Jan
Cash
4500
Accounts receivable
4500
14-Jan
Cash
750
Supplies
750
20-Jan
Supplies
5000
Accounts Payable
5000
20-Jan
Cash
12500
Accounts receivable
3500
Fees Income
16000
20-Jan
Cash
5600
Accounts receivable
5600
21-Jan
Ma.
C3-67Permtemp Corporation formed in 2012 and, for that year, re.docx
C:3-67
Permtemp Corporation formed in 2012 and, for that year, reported the following book income statement and balance sheet, excluding the federal income tax expense, deferred tax assets, and deferred tax liabilities:
Sales
$20,000,000
Cost of goods sold
(15,000,000)
Gross profit
$ 5,000,000
Dividend income
50,000
Tax-exempt interest income
15,000
Total income
$ 5,065,000
Expenses:
Depreciation
$ 800,000
Bad debts
400,000
Charitable contributions
100,000
Interest
475,000
Meals and entertainment
45,000
Other
3,855,000
Total expenses
(5,675,000)
Net loss before federal income taxes
$ (610,000)
Cash
$ 500,000
Accounts receivable
$ 2,000,000
Allowance for doubtful accounts
(250,000)
1,750,000
Inventory
4,000,000
Fixed assets
$10,000,000
Accumulated depreciation
(800,000)
9,200,000
Investment in corporate stock
1,000,000
Investment in tax-exempt bonds
50,000
Total assets
$16,500,000
Accounts payable
$2,610,000
Long-term debt
8,500,000
Common stock
6,000,000
Retained earnings
(610,000)
Total liabilities and equity
$16,500,000
Additional information for 2012:
· • The investment in corporate stock is comprised of less-than-20%-owned corporations.
· • Depreciation for tax purposes is $1.4 million under MACRS.
· • Bad debt expense for tax purposes is $150,000 under the direct writeoff method.
· • Limitations to charitable contribution deductions and meals and entertainment expenses must be tested and applied if necessary.
· • Qualified production activities income is zero.
Required for 2012:
· a. Prepare page 1 of the 2012 Form 1120, computing the corporation’s NOL.
· b. Determine the corporation’s deferred tax asset and deferred tax liability situation, and then complete the income statement and balance sheet to reflect proper GAAP accounting under ASC 740. Use the balance sheet information to prepare Schedule L of the 2012 Form 1120.
· c. Prepare the 2012 Schedule M-3 for Form 1120.
· d. Prepare a schedule that reconciles the corporation’s effective tax rate to the statutory 34% tax rate.
Note: For 2012 forms, go to forms and publications, previous years, at the IRS website, www.irs.gov.
For 2013, Permtemp reported the following book income statement and balance sheet, excluding the federal income tax expense, deferred tax assets, and deferred tax liabilities:
Sales
$33,000,000
Cost of goods sold
(22,000,000)
Gross profit
$11,000,000
Dividend income
55,000
Tax-exempt interest income
15,000
Total income
$11,070,000
Expenses:
Depreciation
$ 800,000
Bad debts
625,000
Charitable contributions
40,000
Interest
455,000
Meals and entertainment
60,000
Other
4,675,000
Total expenses
(6,655,000)
Net income before federal income taxes
$ 4,415,000
Cash
$ 2,125,000
Accounts receivable
$ 3,300,000
Allowance for doubtful accounts
(450,000)
2,850,000
Inventory
6,000,000
Fixed assets
$10,000,000
Accum ...
Accounting 970601 paper 1 multiple choice october november 2008
Accounting 970601 paper 1 multiple choice october november 2008
Advanced Level
A Level
Zimsec
Cambridge
Alpro Learning Portal
Accounting
Accounts
Zimbabwe
Principle of accounts
Kelly consultingKelly ConsultingPost-closing Trial Balance 30-Apr-.docx
Kelly consultingKelly ConsultingPost-closing Trial Balance 30-Apr-08Account TitleDebitCreditCash22,100Accounts Receivables3400Supplies1350Prepaid Rent3200prepaid insurance1500Office Equipment14500Accumulated Depreciation330Accounts payable800salary payable120Kelly Capital44800$46,050$46,050.00Kelly ConsultingGeneral JournalMay, 20081-May2-May3-May4-May5-May6-May7-May8-May9-May10-May11-May12-MayAccounts ReceivableSupplies#2Post to "T" accounts below34001350Cash22,100Prepaid InsuranceOffice Equipment150014,500Prepaid Rent3200Accounts PayableSalaries Payable800120Accumulated Depreciation330CapitalFees earned44,800Unearned FeesSalary ExpenseElectric ExpenseAdvertising Expense
q2 adjsting entries Woods Journalize the following adjusting entries for Woods corporation as of December 31, 2014 (Assume that adjustments are made on a monthly basis)Woods Inc.Unadjusted Trial BalanceNovember 30, 2014Account DebitCreditCash18,570Accounts Receivable11,900Supplies1,820Prepaid rent750Equipment12,000Accumulated depreciation1100Accounts Payable1050Unearned Fees2800Capital Stock10000Retained earnings27800Dividends1,400Fees earned51450Wages Expense28210qRent expense2,250Utilities expense16040 Miscellaneous Expenses1260Total94,20094,200A) The equipment was purchased on January 1 of this year with an expected life of 10 years. There is no salvage value. Use the straight line methodB) The amount of supplies on hand as of December 31 is $1000.00C) Fees earned and unbilled $ 1,200D) Additional fees earned ( collected in prior periods) $ 800.00 E)Wages incurred and not paid $ 700F) Rent was prepaid on February 1 of this year for one yearAccount TitleDebitCreditABCDEF
Q 3 M & D M&D IncAdjusted Trial Balance12/31/14Income StatementBalance SheetAccount DebitCreditDebitCreditDebitCreditCash15200Accounts Receivable200Supplies1000Prepaid insurance550Equipment5000Accumulated depreciation40Notes Payable5000Accounts Payable2500Unearned Service revenue800Salaries & wages payable1200Interest payable50Owner's capital10000Owner's drawing500Service revenue10600Salaries & wages expense5200Supplies expenses1500Rent expense900Insurance expense50Interest expense50Depreciation expense40$30, 190$30, 190Complete the income statement and balance sheets columns of the worksheet.
Harvest Financial statementsUse the following information to complete the income statement and the balance sheetHarvest incorporatedHarvest incorporatedHarvest IncorporatedAdjusted Trial BalanceBalance SheetIncome Statement31-Dec-14 As of December 31, 2014For the year ended December 31, 2014AssetsRevenuesAccount DebitCredit$Cash$6,700Current AssetsExpensesAccounts Receivable600$$Supplies1,000Prepaid rent900Equipment15,000Accumulated depreciation850Notes Payable5,000Accounts Payable1,510Unearned rent revenue500 Total current assetsSalaries & wages payable400Total expenses$Interest payable50Property, plant and equipmentNet income (loss)$Owner's capital14,000$Owner's d ...
Let A be the set of all n x n matrices with det 1. Is A closed under.pdf
Let A be the set of all n x n matrices with det 1. Is A closed under multiplication? Prove or
disprove.
Solution
Let A be the set of all n x n matrices with det 1
take X,Y in A
then det(X)=1 and det(Y)=1
Since det(XY)=det(X)det(Y)
A closed under multiplication
Therefore, det(XY) = 1.1
= 1
Hence XY is in A
therefore A closed under multiplication.
is not one of the stages of a project life cycle 6. Which of the fol.pdf
is not one of the stages of a project life cycle? 6. Which of the following a. Conceptualizing b.
Defining c. Planning d. Executing e. Delivering 7 In which of the following stages are project
objectives established, teams formed and major responsibilities assigned a. Conceptualizing b.
Defining c. Planning d. Executing e. Delivering 8. In which of the following stages are you more
likely to find status reports, many changes and the creation of forecasts? a. Conceptualizing b.
Defining c. Planning d. Executing e. Delivering Which of the following is not correct about
stakeholders? a. 9. Stakeholders include all members of the project team as well as interested
entities that are internal or external to the organization Stakeholder\'s interests may be positively
or negatively affected by the performance or the completion of the project Stakeholders usually
have a same level of responsibility and authority while participating in a project All stakeholders
required to be managed throughout the project life cycle b. c. d. 10. A program is which one of
the following? a. b. c. d. A very large, complex project A collection of projects with a common
cause A collection of small projects with a common goal A collection of subprojects with a
common customer.
Solution
6 answer e delivering is not part of project life cycle
7 answer c planning in this major responsibility and project objective decided
8 answer e execution in this stage many changes occurs according to difficulty level of work you
can easily find status report and forecast
9 answer c stakeholders have many part internal and external and they have different
responsibility
10Answer b.
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Similar to From the trial balance of Howards Cleaners, prepare the following f.pdf
P4-7P4-7 Recording Adjusting and Closing Entries and Preparing a B.docx
P4-7P4-7 Recording Adjusting and Closing Entries and Preparing a Balance Sheet and Income Statement Including Earnings per Share LO4-1, 4-2, 4-4Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period, December 31, 2014:Account TitlesDebitCredit Cash$ 42,000 Accounts receivable11,600 Supplies900 Prepaid insurance800 Service trucks19,000 Accumulated depreciation$ 9,200 Other assets8,300 Accounts payable3,000 Wages payable Income taxes payable Note payable (3 years; 10% interest due each December 31)17,000 Common stock (5,000 shares outstanding)400 Additional paid-in capital19,000 Retained earnings6,000 Service revenue61,360 Remaining expenses (not detailed; excludes income tax)33,360 Income tax expense Totals$ 115,960$ 115,960Data not yet recorded at December 31, 2014, included:a.The supplies count on December 31, 2014, reflected $300 remaining supplies on hand to be used in 2015.b.Insurance expired during 2014, $800.c.Depreciation expense for 2014, $3,700.d.Wages earned by employees not yet paid on December 31, 2014, $640.e.Income tax expense, $5,540.Required:1Record the 2014 adjusting entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)TransactionGeneral JournalDebitCredita.b.c.d.e.Required:2-a.Prepare an income statement that includes the effects of the preceding five transactions. (Round "Earnings per share" to 2 decimal places.)TUNSTALL, INC.Income StatementFor the Year Ended December 31, 2014Operating revenue:Operating expenses:Total expenses-Earnings per shareRequired:2-b.Prepare a classified balance sheet that includes the effects of the preceding five transactions. (Amounts to be deducted should be indicated by a minus sign.)TUNSTALL, INC.Balance SheetAt December 31, 2014AssetsLiabilities and Stockholders’ EquityCurrent assets:Current liabilities:Total current assets-Total current liabilities-Total liabilities-Stockholders' equity:Total stockholders' equity-Total assets$ -Total liabilities and stockholders' equity$ -Required:3Record the 2014 closing entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)TransactionGeneral JournalDebitCredit1
P4-7 Check FiguresP4-7 Recording Adjusting and Closing Entries and Preparing a Balance Sheet and Income Statement Including Earnings per Share LO4-1, 4-2, 4-4Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period, December 31, 2014:Account TitlesDebitCredit Cash$ 42,000 Accounts receivable11,600 Supplies900 Prepaid insurance800 Service trucks19,000 Accumulated depreciation$ 9,200 Ot.
Introduction to Financial Management
Pengenalan materi manajemen finansial dengan sub topik financial statement, cash flow & taxes
Portfolio Project Option 1 Student TemplateOption #1 Venture .docx
Portfolio Project Option 1 Student Template
Option #1: Venture Consultants, Power and Demolition Company, and Warnerwood Accounting Cases
PART 1:
Venture Consultants
The month of March transactions
Date
Account Names
Debit
Credit
1-Mar
2-Mar
3-Mar
6-Mar
9-Mar
12-Mar
19-Mar
22-Mar
25-Mar
29-Mar
30-Mar
30-Apr
$221,000
$221,000
PART 2A
Power and Demolition Co, Adjustment April 30, 2015
Adjust #
Account Names
Debit
Credit
1
2
3
4
5
6
7
8
PART 2B
Power and Demolition Co, Adjustment April 30, 2015
Continued
UTB
ADJUSTMENT
Acct #
Account Names
Debit
Credit
Debit
Credit
Debit
101
Cash
$7,000
$7,000
126
Supplies
$16,000
128
Pre-paid insurance
$12,600
167
Equipment
$200,000
Accumulated. Depreciation
$14,000
201
Account payable
$6,800
Utilities payable
Wages payable
Rent Payable
PropertyTxPayable
Interest payable
251
Long-term notes payable
$30,000
301
Bonn, Equity
$86,900
302
Bonn, Withdrawals
$12,000
401
Demolition fees earned
$187,000
623
Wage expense
$41,400
633
Interest expense
$3,300
640
Rent expense
$13,200
683
Property tax expense
$9,700
684
Repairs expense
$4,700
690
Utilities expense
$4,800
Supply expense
Insurance expense
Depreciation expense
TOTALS
$324,700
$324,700
PART 3
Warnerwood Company
Column->
A
B
C
D
E
F
G
Date
Activities
# Units Buy
Cost/unit
#Units Sold
Price/unit
Cost GAS
Sales
1-Mar
BI
5-Mar
TI
9-Mar
TO
18-Mar
TI
25-Mar
TI
29-Mar
TO
TOTAL
Q1. Units in Available for Sales is BI + TI (Column B)=
Units (BI + TI) =
Q2. BI + TI - TO = EI=
820
minus
580
equals
240
Q3. FIFO
Q3. LIFO
Q3. Weighted Average
Weighted cost/unit=
Cost EI=
Q.4
Sales
COGS/Method
Gross Profit
Q4. FIFO
Q4. LIFO
Q4. WtAvg
Portfolio
Project Option 1 Student Template
Option #1
:
Venture Consultants, Power and Demolition Company, and Warnerwood
Accounting Cases
PART 1:
Venture Consultants
The month of March transactions
Date
Account
Names
Debit
Credit
1
-
Mar
2
-
Mar
3
-
Mar
6
-
Mar
9
-
Mar
12
-
Mar
19
-
Mar
22
-
Mar
25
-
Mar
29
-
Mar
30
-
Mar
.
Statement of retained earnings Hayes Enterprises began 2015 with a ret.docx
Statement of retained earnings Hayes Enterprises began 2015 with a retained earnings
balance of $928,000. During 2015, the firm earned $377,000 after taxes. From
this amount, preferred stockholders were paid $47,000 in dividends. At year-end
2015, the firm’s retained earnings totaled $1,048,000. The firm had 140,000 shares
of common stock outstanding during 2015.
a. Prepare a statement of retained earnings for the year ended December 31, 2015,
for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash
dividends paid in 2015.)
b. Calculate the firm’s 2015 earnings per share (EPS).
c. How large a per-share cash dividend did the firm pay on common stock during
2015?
Solution
a)
b) Earning per share = Earning attributable to Common stockholders/ No. of Common Stock
= (377000 - 47000) / 140000
= $ 2.36 per share
c) Cash dividend per share = 210000/140000
= $ 1.50
.
Statement of retained earnings Hayes Enterprises began 2015 with a ret.docx
Statement of retained earnings Hayes Enterprises began 2015 with a retained earnings
balance of $928,000. During 2015, the firm earned $377,000 after taxes. From
this amount, preferred stockholders were paid $47,000 in dividends. At year-end
2015, the firm’s retained earnings totaled $1,048,000. The firm had 140,000 shares
of common stock outstanding during 2015.
a. Prepare a statement of retained earnings for the year ended December 31, 2015,
for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash
dividends paid in 2015.)
b. Calculate the firm’s 2015 earnings per share (EPS).
c. How large a per-share cash dividend did the firm pay on common stock during
2015?
Solution
a)
b) Earning per share = Earning attributable to Common stockholders/ No. of Common Stock
= (377000 - 47000) / 140000
= $ 2.36 per share
c) Cash dividend per share = 210000/140000
= $ 1.50
.
MenuACCT 212 Course Project 1RequirementRequirement DescriptionWo.docx
MenuACCT 212: Course Project 1RequirementRequirement DescriptionWorksheetPart A1Prepare the Journal Entries in the General JournalJournal Entries2Post Journal Entries to the General LedgerGeneral Ledger3Prepare a Trial BalanceTrial BalancePart B4Prepare the Adjusting EntriesAdjusting Entries5Post Adjusting Entries to the General LedgerGeneral Ledger6Prepare an Adjusted Trial BalanceAdjusted TB7Prepare the Financial StatementsFinancial Statements8Prepare the Closing EntriesClosing Entries9Post Closing Entries to the General LedgerGeneral Ledger10Prepare the Post Closing Trial BalancePost Closing TB
Click on the worksheet link to complete the corresponding Requirement or the Project Instructions button below for an overview.
Project Instructions/xl/drawings/drawing1.xml#'Project%20Instructions'!A1
Project InstructionsCourse Project #1 OverviewThe Course Project consists of 10 Requirements for you to complete. The Course Project is due at the end of Week 6. See the Syllabus section ”Due Dates for Assignments & Exams” for due date information. All of the information you need to complete the Course Project is located in this Workbook.
• There are eight worksheets in the workbook you will need to complete.
• A list of October transactions
• A Chart of Accounts reference sheet
• A Grading Rubric to help explain what is expected.
• Each worksheet has the Check Figures embedded as a comment.
ScenarioYou’ve just secured a new client in your accounting practice, the Rawls Repair Corporation (RRC), a brand new small business specializing in bicycle repair. The owner, Rob Rawls, is a terrific cyclist and bike repair specialist, but definitely not an accountant. Your job is to help Rob put his affairs in order. Luckily Rob has only been in operation for a month and things have not gotten too out of hand yet! Rob has to submit his financial statements to his investors and doesn’t know where to begin. It’s your job to go through the complete Accounting cycle to prepare the financial statements for the RRC.RequirementsGuidelinesUse the embedded assistance in the template, guidance in your textbook, and examples in the weekly lectures to complete this project. Should you have any questions contact your professor.
Before You Begin:
Review the Week 2 Lecture prior to starting work on this project.
Print the Chart of Accounts and October Transactions worksheets for your reference. You will need to refer to both throughout the project.
Review the Grading Criteria.
SAVE your work frequently in this workbook.
October TransactionsDuring its first month of operation, the Rawls Repair Corporation, which specializes in bicycle repairs, completed the following transactions.October TransactionsDateTransaction DescriptionOct. 1Began business by making a deposit in a company bank account of $12,000, in exchange for 1,200 shares of $10 par value common stock.Oct. 1Paid the premium on a 1-year insurance policy, $1,200.Oct. 1Paid the current month's store rent ex ...
The trial balance of Watteau Co. does not balance.WATTEAU CO. .pdf
The trial balance of the Wall Fashion Center, Inc. contained the following accounts at December
31, 2007 the end of the company’s calendar year.
WALL FASHION CENTER, INC.
Trial Balance
31-Dec-07
Debit
Credit
Cash
$ 16,700
Accounts Receivable
33,700
Merchandise Inventory (Beginning)
38,000
Store Supplies
5,500
Store Equipment
85,000
Accumulated Depreciation-Store Equipment
$ 18,000
Delivery Equipment
48,000
Accumulated Depreciation-Delivery Equipment
6,000
Notes Payable
51,000
Accounts Payable
48,500
Common Stock
80,000
Retained Earnings
30,000
Dividends
12,000
Sales
746,600
Sales Returns and Allowances
4,200
Purchases
503,600
Purchase Returns and Allowances
6,900
Purchase Discounts
3,700
Freight-in
10,800
Salaries Expense
140,000
Advertising Expense
26,400
Utilities Expense
17,000
Repair Expense
9,100
Delivery Expense
16,700
Rent Expense
24,000
$ 990,700
$ 990,700
Adjustment data:
Store supplies on hand totaled $3,500.
Depreciation is $9,000 on the store equipment and $7,000 on the delivery equipment.
Interest of $11,000 is accrued on notes payable at December 31.
Other data:
Merchandise inventory on hand at December 31, 2007 is $45,000.
Salaries expense is 70% selling and 30% administrative.
Rent expense and utilities expense are 80% selling and 20% administrative.
$30,000 of notes payable are due for payment next year.
Repair expense is 100% administrative.
The beginning balance of accounts receivable is $31,250.
The amount of total assets at the beginning of the year is $199,700.
Instructions
1)Journalize the adjusting entries.
2)Prepare a multiple-step income statement and a retained earnings statement for the year and a
classified balance sheet as of December 31, 2007.
3)Journalize the closing entries.
4)Prepare a post-closing trial balance.
5)Prepare the following ratios and show all support for your computations:
a) Current Ratio
b) Quick Ratio
c) Working Capital
d) Accounts Receivable Turnover
e) Average Collection Period
f) Inventory Turnover
g) Days in Inventory
h) Debt to Total Assets Ratio
i) Gross Profit Ratio
j) Profit Margin Ratio
k) Return on Assets Ratio
l) Asset Turnover Ratio
6) Based on the ratios computed in 5 above, answer the following questions and use the financial
statement ratios to support your answers where appropriate:
Do you feel that the company is able to meet its current and long term obligations as they
become due?
Comment on the profitability of the company with respect to the various profitability ratios that
you computed.
Would you lend money to this company for the long term?
Comment on the ability of the company to collect its receivables and mange inventory.
2004
2005
2006
Industry Average
Liquidity
Current
1.09
1.30
1.80
1.42
Quick
0.89
1.08
1.28
1.10
Working Capital
$ 10,000.00
$ 13,500.00
$ 18,000.00
$ 20,000.00
Leverage
Debt to Total Assets (%)
52.03%
48.52%
43.61%
40.00%
Times Interest Earned
1.50
3.50
4.75
5.00
Activity
Inventory Turnover (sales)
12.56
13.85
14.02
19.98
Fixed Asset Turnover
9.50
.
SOS Please please please help on this problem!!!!!!!!!!!!!!!!!!!!!! .pdf
SOS Please please please help on this problem!!!!!!!!!!!!!!!!!!!!!! :) Closing Entries and the
Postclosing Trial Balance 192 CHAPTER 6 Mini-Practice Set 1 Service Business Accounting
Cycle Eli\'s Consulting Services ing principles and This project will give you an opportunity to
apply your knowledge of accounting principles and procedures by handling all the accounting
work of Eli\'s Consulting Services for the month o January 2020. Assume that you are the chief
accountant for Eli\'s Consulting Services, During January, the busi ness will use the same types
of records and procedures that you learned about in Chapters 1 through 6. The chart of accounts
for Eli\'s Consulting Services has been expanded to include a few new accounts. Follow the
instructions to complete the accounting records for the month of January. INTRODUCTION
Eli\'s Consulting Services Chart of Accounts Revenue 401 Fees Income Assets 101 Cash 111
Accounts Receivable 121 Supplies 134 Prepaid Insurance 137 Prepaid Rent 141 Equipment 142
Accumulated Depreciation Equipment Liabilities 202 Accounts Payable Expenses 511 Salaries
Expense 514 Utilities Expense 517 Supplies Expense 520 Rent Expense 523 Depreciation
Expense-Equipment 526 Advertising Expense 529 Maintenance Expense 532 Telephone
Expense 535 Insurance Expense Owner\'s Equity 301 Trayton Eli, Capital 302 Trayton Eli,
Drawing 309 Income Summary INSTRUCTIONS 1. Open the general ledger accounts and enter
the balances for January 1, 2020. Obtain the necessary figures from the postclosing trial balance
prepared on December 31, 2019, which appears in Figure 6.3. 2. Analyze each transaction and
record it in the general journal. Use page 3 to begin January\'s transactions. 3. Post the
transactions to the general ledger accounts. 4. Prepare the Trial Balance section of the worksheet.
5. Prepare the Adjustments section of the worksheet. a. Compute and record the adjustment for
supplies used during the month. An inventory taken on January 31 showed supplies of $5,200 on
hand. b. Compute and record the adjustment for expired insurance for the month. c. Record the
adjustment for one month of expired rent of $4,000. d. Record the adjustment for depreciation of
$183 on the old equipment for the month. The first adjustment for depreciation for the new
equipment will be recorded in February, 6. Complete the worksheet. 7. Prepare an income
statement for the month. 8. Prepare a statement of owner\'s equity.
Solution
Journal Entries
Date
Account Title
Debit
Credit
2-Jan
Supplies
7000
Cash
7000
7-Jan
Cash
20000
Accounts receivable
5000
Fees Income
25000
2-Jan
Insurance expense
8400
Cash
8400
12-Jan
Cash
4000
Accounts receivable
4000
Advertising expense
3600
Cash
3600
Cash
20700
Accounts receivable
2300
Fees Income
23000
13-Jan
Cash
4500
Accounts receivable
4500
14-Jan
Cash
750
Supplies
750
20-Jan
Supplies
5000
Accounts Payable
5000
20-Jan
Cash
12500
Accounts receivable
3500
Fees Income
16000
20-Jan
Cash
5600
Accounts receivable
5600
21-Jan
Ma.
C3-67Permtemp Corporation formed in 2012 and, for that year, re.docx
C:3-67
Permtemp Corporation formed in 2012 and, for that year, reported the following book income statement and balance sheet, excluding the federal income tax expense, deferred tax assets, and deferred tax liabilities:
Sales
$20,000,000
Cost of goods sold
(15,000,000)
Gross profit
$ 5,000,000
Dividend income
50,000
Tax-exempt interest income
15,000
Total income
$ 5,065,000
Expenses:
Depreciation
$ 800,000
Bad debts
400,000
Charitable contributions
100,000
Interest
475,000
Meals and entertainment
45,000
Other
3,855,000
Total expenses
(5,675,000)
Net loss before federal income taxes
$ (610,000)
Cash
$ 500,000
Accounts receivable
$ 2,000,000
Allowance for doubtful accounts
(250,000)
1,750,000
Inventory
4,000,000
Fixed assets
$10,000,000
Accumulated depreciation
(800,000)
9,200,000
Investment in corporate stock
1,000,000
Investment in tax-exempt bonds
50,000
Total assets
$16,500,000
Accounts payable
$2,610,000
Long-term debt
8,500,000
Common stock
6,000,000
Retained earnings
(610,000)
Total liabilities and equity
$16,500,000
Additional information for 2012:
· • The investment in corporate stock is comprised of less-than-20%-owned corporations.
· • Depreciation for tax purposes is $1.4 million under MACRS.
· • Bad debt expense for tax purposes is $150,000 under the direct writeoff method.
· • Limitations to charitable contribution deductions and meals and entertainment expenses must be tested and applied if necessary.
· • Qualified production activities income is zero.
Required for 2012:
· a. Prepare page 1 of the 2012 Form 1120, computing the corporation’s NOL.
· b. Determine the corporation’s deferred tax asset and deferred tax liability situation, and then complete the income statement and balance sheet to reflect proper GAAP accounting under ASC 740. Use the balance sheet information to prepare Schedule L of the 2012 Form 1120.
· c. Prepare the 2012 Schedule M-3 for Form 1120.
· d. Prepare a schedule that reconciles the corporation’s effective tax rate to the statutory 34% tax rate.
Note: For 2012 forms, go to forms and publications, previous years, at the IRS website, www.irs.gov.
For 2013, Permtemp reported the following book income statement and balance sheet, excluding the federal income tax expense, deferred tax assets, and deferred tax liabilities:
Sales
$33,000,000
Cost of goods sold
(22,000,000)
Gross profit
$11,000,000
Dividend income
55,000
Tax-exempt interest income
15,000
Total income
$11,070,000
Expenses:
Depreciation
$ 800,000
Bad debts
625,000
Charitable contributions
40,000
Interest
455,000
Meals and entertainment
60,000
Other
4,675,000
Total expenses
(6,655,000)
Net income before federal income taxes
$ 4,415,000
Cash
$ 2,125,000
Accounts receivable
$ 3,300,000
Allowance for doubtful accounts
(450,000)
2,850,000
Inventory
6,000,000
Fixed assets
$10,000,000
Accum ...
Accounting 970601 paper 1 multiple choice october november 2008
Accounting 970601 paper 1 multiple choice october november 2008
Advanced Level
A Level
Zimsec
Cambridge
Alpro Learning Portal
Accounting
Accounts
Zimbabwe
Principle of accounts
Kelly consultingKelly ConsultingPost-closing Trial Balance 30-Apr-.docx
Kelly consultingKelly ConsultingPost-closing Trial Balance 30-Apr-08Account TitleDebitCreditCash22,100Accounts Receivables3400Supplies1350Prepaid Rent3200prepaid insurance1500Office Equipment14500Accumulated Depreciation330Accounts payable800salary payable120Kelly Capital44800$46,050$46,050.00Kelly ConsultingGeneral JournalMay, 20081-May2-May3-May4-May5-May6-May7-May8-May9-May10-May11-May12-MayAccounts ReceivableSupplies#2Post to "T" accounts below34001350Cash22,100Prepaid InsuranceOffice Equipment150014,500Prepaid Rent3200Accounts PayableSalaries Payable800120Accumulated Depreciation330CapitalFees earned44,800Unearned FeesSalary ExpenseElectric ExpenseAdvertising Expense
q2 adjsting entries Woods Journalize the following adjusting entries for Woods corporation as of December 31, 2014 (Assume that adjustments are made on a monthly basis)Woods Inc.Unadjusted Trial BalanceNovember 30, 2014Account DebitCreditCash18,570Accounts Receivable11,900Supplies1,820Prepaid rent750Equipment12,000Accumulated depreciation1100Accounts Payable1050Unearned Fees2800Capital Stock10000Retained earnings27800Dividends1,400Fees earned51450Wages Expense28210qRent expense2,250Utilities expense16040 Miscellaneous Expenses1260Total94,20094,200A) The equipment was purchased on January 1 of this year with an expected life of 10 years. There is no salvage value. Use the straight line methodB) The amount of supplies on hand as of December 31 is $1000.00C) Fees earned and unbilled $ 1,200D) Additional fees earned ( collected in prior periods) $ 800.00 E)Wages incurred and not paid $ 700F) Rent was prepaid on February 1 of this year for one yearAccount TitleDebitCreditABCDEF
Q 3 M & D M&D IncAdjusted Trial Balance12/31/14Income StatementBalance SheetAccount DebitCreditDebitCreditDebitCreditCash15200Accounts Receivable200Supplies1000Prepaid insurance550Equipment5000Accumulated depreciation40Notes Payable5000Accounts Payable2500Unearned Service revenue800Salaries & wages payable1200Interest payable50Owner's capital10000Owner's drawing500Service revenue10600Salaries & wages expense5200Supplies expenses1500Rent expense900Insurance expense50Interest expense50Depreciation expense40$30, 190$30, 190Complete the income statement and balance sheets columns of the worksheet.
Harvest Financial statementsUse the following information to complete the income statement and the balance sheetHarvest incorporatedHarvest incorporatedHarvest IncorporatedAdjusted Trial BalanceBalance SheetIncome Statement31-Dec-14 As of December 31, 2014For the year ended December 31, 2014AssetsRevenuesAccount DebitCredit$Cash$6,700Current AssetsExpensesAccounts Receivable600$$Supplies1,000Prepaid rent900Equipment15,000Accumulated depreciation850Notes Payable5,000Accounts Payable1,510Unearned rent revenue500 Total current assetsSalaries & wages payable400Total expenses$Interest payable50Property, plant and equipmentNet income (loss)$Owner's capital14,000$Owner's d ...
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More from aristogifts99
Let A be the set of all n x n matrices with det 1. Is A closed under.pdf
Let A be the set of all n x n matrices with det 1. Is A closed under multiplication? Prove or
disprove.
Solution
Let A be the set of all n x n matrices with det 1
take X,Y in A
then det(X)=1 and det(Y)=1
Since det(XY)=det(X)det(Y)
A closed under multiplication
Therefore, det(XY) = 1.1
= 1
Hence XY is in A
therefore A closed under multiplication.
is not one of the stages of a project life cycle 6. Which of the fol.pdf
is not one of the stages of a project life cycle? 6. Which of the following a. Conceptualizing b.
Defining c. Planning d. Executing e. Delivering 7 In which of the following stages are project
objectives established, teams formed and major responsibilities assigned a. Conceptualizing b.
Defining c. Planning d. Executing e. Delivering 8. In which of the following stages are you more
likely to find status reports, many changes and the creation of forecasts? a. Conceptualizing b.
Defining c. Planning d. Executing e. Delivering Which of the following is not correct about
stakeholders? a. 9. Stakeholders include all members of the project team as well as interested
entities that are internal or external to the organization Stakeholder\'s interests may be positively
or negatively affected by the performance or the completion of the project Stakeholders usually
have a same level of responsibility and authority while participating in a project All stakeholders
required to be managed throughout the project life cycle b. c. d. 10. A program is which one of
the following? a. b. c. d. A very large, complex project A collection of projects with a common
cause A collection of small projects with a common goal A collection of subprojects with a
common customer.
Solution
6 answer e delivering is not part of project life cycle
7 answer c planning in this major responsibility and project objective decided
8 answer e execution in this stage many changes occurs according to difficulty level of work you
can easily find status report and forecast
9 answer c stakeholders have many part internal and external and they have different
responsibility
10Answer b.
In your opinion what are the biggest threats to a network in terms of.pdf
In your opinion what are the biggest threats to a network in terms of security and why?
Solution
Biggest threat to a network security is insiders (Employees who are working inside the
organisation and supporting an attack). Any threat or virus could be prevented being entered
from outside, but if the attack is from inside situations will become worse compared to external
attack..
In your Person classChange the visibility of all fields from priv.pdf
In your Person class:
Change the visibility of all fields from private to protected.
Change the visibility of the methods to calculate age and time in college from private to
protected.
Create a Student class:
Inherit from the Person class.
Add fields to store:
Students major.
Students GPA.
Do not add any other fields.
Create a default constructor (it should not have any parameters) for the Student class
Create mutator and accessor methods for the major and GPA fields.
Override the toString() method from the Person class:
Include all of the same information found in the Person class toString() method.
Make sure you call the methods to calculate the persons age in years and their time in college in
years (Note that these methods are in the Person class but, because you inherit from the Person
class, you will be able to call them from the Student class).
Add an opening message stating the person is a Student.
Add the Students major to the string.
Add the Students GPA to the string.
Add output messages for each field so that the user knows what they are looking at.
Format the string using the new line escape sequence \ so that each field and it\'s message is on a
separate line.
In your test class:
Create a Student object.
Ask the user for all of the information for the student:
ID Number
Name
Current Address
Permanent Address
Year of Birth
Year entered college
Major
GPA
Call the toString() method to display all of the information.
*** This is what I have so far
48 import java.text.DateFormat;
49
50 import java.text.SimpleDateFormat;
51
52 import java.time.LocalDate;
53
54 import java.time.format.DateTimeFormatter;
55
56 class Persons_Information
57
58 {
59
60 private String personName;
61
62 private String currentAdress;
63
64 private String permanentAdress;
65
66 private int idNumber;
67
68 private String birthDate;
69
70 private int personAge;
71
72 private int entryYear;
73
74 private int totalYears;
75
76 final int currentYear=2016;
77
78 public Persons_Information() {
79
80 personName = \"\";
81
82 currentAdress = \"\";
83
84 permanentAdress = \"\";
85
86 idNumber = 0;
87
88 birthDate = \"\";
89
90 personAge = 0;
91
92 entryYear = 0;
93
94 totalYears = 0;
95
96 }
97
98 public Persons_Information (int atIdNumber) {
99
100 idNumber = atIdNumber;
101
102 personName = \"\";
103
104 currentAdress = \"\";
105
106 permanentAdress = \"\";
107
108 birthDate = \"\";
109
110 personAge = 0;
111
112 entryYear = 0;
113
114 totalYears = 0;
115
116 }
117
118 //intput
119
120 public void setPersonName(String personName) {
121
122 this.personName = personName;
123
124 }
125
126 public void setCurrentAdress(String currentAdress) {
127
128 this.currentAdress = currentAdress;
129
130 }
131
132 public void setpermanentAdress(String permanentAdress) {
133
134 this.permanentAdress = permanentAdress;
135
136 }
137
138 public void setIdNumber(int id) {
139
140 idNumber = id;
141
142 }
143
144 public void setBirthDate(String birthDate) {
145
146 this.birthDate = birt.
How would you help Black become an effective supervisorSolution.pdf
How would you help Black become an effective supervisor?
Solution
Blacks can become effective supervisor by following the ways discussed below:
(a) The first thing to do is to gain credibility of the team. This can be done by the following
processes:
(i) Have faith in self: A new supervisor will make mistakes but having faith in self is very
important.
(ii) Lead by example: It is very important to give team members a good example of model
behaviour.
(iii) Consistency: Employees should know what to expect from the supervisor. Supervisor should
have firm control over emotions and should treat all team members equally.
(iv) Willing to change: Good supervisors can\'t be completely stuck in their ways. They need to
be willing to recognize when a specific approach isn\'t working and make changes accordingly,
even if it involves admitting that they were wrong.
(v) Accountability: The supervisor is responsible for your whole team. If a deadline is missed or
a client is lost, supervisors should not blame others for the mistake. Instead, supervisor come up
with a plan to avoid making the same mistakes in the future.
(b) The next step is to get most out of the team:
(i) Effective communication: Communication is vital to good leadership.
(ii) Reasonable expectations: Over-criticizing or setting goals beyond reach should be avoided.
(iii) Delegation of responsibilities: Supervisors should entrust the employees with responsibilities
to give them opportunity to flourish.
(iv) Reward accomplishments: When an employee does a good job, it\'s important to
acknowledge it.
(c) The third step leading to good supervisors is meeting demands of employees:
(i) Finding solutions: Instead of wasting time in complaining about the problems supervisors
should use that time to come up with a game plan.
(ii) Challenge: Good leaders should always be looking for new ways to challenge themselves and
their teams.
(iii) Supportive: The supervisor needs to be able to step in and help the team problem solve
whenever necessary.
(iv) Resiliency: Not everything will go according to plan, and a supervisor need to be okay with
that..
How do bacteria package their DNA by supercoiling the DNA by using.pdf
How do bacteria package their DNA? by supercoiling the DNA by using histones by
acetylating the DNA by methylating the DNA all of the above
Solution
1. Bacterial DNA is packaged into a single chromosome that is a continuous loop.
The DNA must be folded or coiled so that it will fit into the cell.
In bacteria the packaging involves DNA binding proteins that help to form initial loops
followed by the coiling of DNA.
DNA looping and super coiling makes the bacterial chromosome more compact, so that it can fit
within the nucleoid of the bacterial cell.
2. DNA packaging by super coiling and then wrapping up by histone proteins is seen in
eukaryotes.
3. Acetylation and methylation of DNA is observed in transcription process.
Therefore, option A is correct.
Bacteria package their DNA by super coiling the DNA..
How did the company Facebook get its start and how has it changed .pdf
How did the company Facebook get it\'s start and how has it changed the way we live, work, and
communicate? What are the company\'s top 10 milestones?
Solution
Facebook apparently started as a small social network in Harvard university when its founder
wrote a code and shared it with students in the university to share their photos which was known
as Facemash. It caught the fancy of the students and it became hugely popular in Harvard.
Slowly its membership was opened to students of other universities and after September 2005 to
everyone around the world.
Facebook has transformed the way we communicate with each other on work, the way we live.
Its effect has been profound on our lives. Facebook is helping people start new businesses,
connect with new friends (in some cases actual true friends have been found) and companies are
using to promote themselves as an alternative of product chhoice as well as an alternative to
work. Facebook has helped us connect with long lost friends and colleagues at work making it a
more close knit world. However there have been down sides as well as some people point out the
people to people connect in real world is decreasing with attention spans falling, cyber bulling
etc. However as we have it everything has pros and cons and so has facebook.
Top 10 Milestones in Facebook History were:
1. LAunch of Facemash (Facebook\'s predecessor at HArvard), 2003
2. 2005, Facebook opened to other universities and then to everyone subsequently
3. August 2008, Facebook reached 100 million users
4. 2009, Facebook surpassed MySpace as leading social media platform
5. 2009, Facebook began the Business listing platform
6. 2012, Facebook files for an IPO and gets listed on Nasdaq
7. Facebook launches Internet.Org
8. 2014, Facebook buys WhatsApp
9. 2014, Facebook acquires VR Oculus and Instagram
10.2015, Facebook used by 1 Billion people on a day.
For each of the lymphatic and immune systems explain how one (1) com.pdf
For each of the lymphatic and immune systems explain how one (1) component of each of the
organ systems (a cell, tissue, or organ) contributes to the function of either detecting or fighting
off an infection. (3 marks each; 6 marks total)
Solution
Lymphatic system is a closed circulatory system that consists of lymph capillaries, lymph
vessels, and lymph nodes. The lymph present in capillaries flows into lymphatic vessels, which
are presented deep or superficial. This lymphatic system is mainly involved in the production of
\"active and passive immunity\" (components of immune system) against the foreign pathogens
entered into the host system. Lymphatic system is going to produce lymphocytes to defend these
pathogens by opsonization & finally eliminate them out of the host body.
Lymph node is a lymphatic organ where the cleansing of the lymph and activation of T-cells and
B-cells will occur. Parenchyma of the lymph node is divided into cortex and medulla.
Cortex is the outer part, which is C-shaped and encircles the four-fifth of organ. Cortex contains
conical or ovoid shaped lymphatic nodules.
Medulla is the inner part, which extends to the surface of hilum. Medullary cords are present in
the medulla. This medullary cord consists of lymphocytes, macrophages, plasma cells, reticular
fibres and reticular cells.
Both the cortex and medulla consists of lymph-filled sinuses, which are continuous with
subcapsular sinus.
Lymphatic system is a closed circulatory system that consists of lymph capillaries, lymph
vessels, and lymph nodes. The lymph present in capillaries flows into lymphatic vessels, which
are presented deep or superficial. These lymph vessels combine to form lymphatic trunks that
empty into the large collecting vessels of lymphatic system called “thoracic duct and right
lymphatic duct.”
The lymphoid tissue is mostly composed of a reticular connective tissue (a type of loose
connective tissue). The fibres of the reticular network contain macrophages. A number of
lymphocytes from the postcapillary venule walls occupy this network and leave to the body
again. This ensures the lymphocytes to identify the infected sites at a faster rate.
The components of lymphoid tissue include the following.
1). Lymphoid cells:
Lymphocytes are produced (lymphopoiesis) by primary lymphoid tissues or organs, which
include red bone marrow and thymus gland. These are the main cells of immune system; they
mature into two types of immunocompetent cells known as T-lymphocytes and B-lymphocytes
contributes to the function of either detecting or fighting off an infection.
a). T-lymphocytes: The thymus gland produces “T lymphocytes” (T for thymus) from the
lymphoid stem cells under the influence of thymus hormones. The matured T cells
(differentiated) are mainly involved in the process of cell-mediated immunity.
b). B-lymphocytes:
B- Lymphocytes are produced from the red bone marrow and are mainly involved in providing
antibody mediated immunity. When these cells .
Find the monthly payment, R, needed to have a sinking fund accumulat.pdf
Find the monthly payment, R, needed to have a sinking fund accumulate the future value, A. The
yearly interest rate, r, and the number of payments, n, are given. Interest is compounded
monthly. Use the formula for finding the future value of an ordinary annuity. A = $10,000 R=5%
n=36
Solution
FV = P[{(1 + r)n - 1}/r]
P = (FV x r)/[(1 + r)n - 1]
= ($10,000 x 0.05/12)/[(1 + 0.05/12)36 - 1]
= $41.67/[(1.1615 - 1)] = $41.67/0.1615 = $258.04.
Explain whats going on in this state diagram.Solution When you.pdf
Explain whats going on in this state diagram.?
Solution
When you login to the TSO then it asks Login details and password, after entering the details if
they are correct then it display otherwise it prompt a Alert. If your details correct ,then only it
display. After that fill in incidents Out and incidents In variables using + and – cursor. If the
Incidents are incompleted again it raise a Incomplete alert. Again you have to reselecting
incidents and fill. Filling of Incidents are completed then it calculating. After that click on the
submit button. Finally total incidents In and Out with Observer’s Details, Beach name and Other
Race details are submitted..
Exercise 3- Understanding balance sheet accounts Below are a few acco.pdf
Exercise 3- Understanding balance sheet accounts Below are a few accounts from Lockheed
Martin\'s balance sheet that are typical in most balance sheets: Balance Sheet ClassificationDebit
or Credit Balance ) Cash and Cash equivalents 3) Inventories, net 5) Intangible assets Common
stock (4) Salaries payable 6) Other noncurrent assets Accounts payable 8) Receivables, net tional
paid-in capital lant and net term debt (12) Retained earni Required: Determine the balance sheet
classification (current asset, current liability, noncurrent asset, noncurrent liability, and
shareholders\' equity) of each account and whether it typically has a debit or a credit balance.
Solution
1 Current asset Debit 2 Shareholders\' Equity Credit 3 Current asset Debit 4 Current
liability Credit 5 Noncurrent asset Debit 6 Noncurrent asset Debit 7 Current liability Credit
8 Current asset Debit 9 Shareholders\' Equity Credit 10 Noncurrent asset Debit 11
Noncurrent liability Credit 12 Shareholders\' Equity Credit.
Explain the cause of incompatible blood transfusion.SolutionThe.pdf
Explain the cause of incompatible blood transfusion.
Solution
The cause of incompatible blood transfusion is wrong patient and mislabeled specimen marked
by the facility. Blood transfusion is incompatible because the recipient\'s antibodies present in
the serum reacts with the antigens of the RBCS of donor which causes agglutination of cells ,
blocking flow of blood by obstructing capillaries..
Epithelial Tissues Using no more than 12 propositions, name, classify.pdf
Epithelial Tissues Using no more than 12 propositions, name, classify, and describe the major
types of epithelia. How do I create a concept map? l How am I graded? l Switch to keyboard
version arrangement of the cells appears boxlike in appears flattened in columnar epithelium
appears taller than it is cuboidal epithelium wide in can be classified based epithelial tissue on
the pseudostratified falsely appears to be epithelium made up of multiple ce layers in simple
epithelium S in multiple layers in squamous epithelium is limited to one layer in stratified
epithelium typical cell shape
Solution
typical cell shape appears boxlike in cuboidal epithelium -->
Appears flattened in squamous epithelium -->
Appears taller than it is wide in columnar epithelium -->
Can be classified based on the arrangement of cellcells -->
Falsely appears to be made up of multiple cell layers in pseudostratified epithelium
is in multiple layers in stratified epithelium-->
is limited to one layer simpleepithelium..
Describe Milgram’s controversial research on obedience, and discuss .pdf
Describe Milgram’s controversial research on obedience, and discuss its implications for
understanding our susceptibility to social influence. ****PSYCHOLOGY
Solution
Stanley milgram is a famous psychologist at Yale University who conducted experiments
focusing on the conflict between obedience to authority and the personal conscience.
This test tests how much pain would be bore by an ordi ary man by the orders. The extreme
willingness of man to go to almost any length of command of an authority constitutes the chief
finding of the study.
Milk Ram computer that ordinary people follow orders given by Authoritiedr it is even to the
extent of killing an innocent human being obedience to authority is ingrained in us all from the
way we are brought up.
He explains the behaviour of his participants by suggesting that they have two states of
behaviour.
The first one is autonomous state in which people direct their own actions and the second one is
a genetic state in which people allow others to direct their actions.
In the second state the people will believe that authority it will take responsibility for the results
of the reactions.
Can two people with lobed ears have a child with attracted ears if t.pdf
Can two people with lobed ears have a child with attracted ears if they each had a parent with
attracted ears?
Solution
The recessive allele in a person\'s phenotype is the one that is unexpressed. The phenotype is the
physical makeup of a person that can be seen. Some traits have more than two alleles to them.
During reproduction, there is a crossing over of chromosomes between the mother and father.
For many phenotypes, the alleles from each parent will make up the chromosomes of the child.
In some situations, if the two parents each have one recessive allele for a certain trait, their child
can end up displaying the recessive phenotype. This means that both of them can have lobed ears
but their child could have attached earlobes..
Can Bacteria carry out phagocytosis ExplainSolutionBacteria .pdf
Can Bacteria carry out phagocytosis? Explain:
Solution
Bacteria cannot carry out phagocytosis, all prokaryotes are very very small and have cell walls.
They have many methods of transport across the cell wall and cell membrane, but not \"bulk
transport\" through any kind of endocytosis. When eukaryotes do this, they bring in the outside
material into a vesicle which then merges with a lysosome. For example, if bacteria were to bring
in outside material, they would need a way to release it or merge it with another vesicle, but
prokaryotes don\'t have any organelles or vesicles. Having said all that, there are weird
exceptions to almost everything and hence there can be a possiblity of phagocytosis
documentation in prokaryotes at some point in the future..
About half of the paid lobbyists in Washington are former government.pdf
About half of the paid lobbyists in Washington are former government staff members or former
members of Congress. Why would interest groups employ such people? Why might some
reformers want to limit the ability of interest groups to employ them? On what basis might an
interest group argue that such limits are unconstitutional? In 75 to 150 words only.
Solution
Interest groups may be the authentic voice of weaker or oppressed groups in society that do not
have the means or standing to organize as interest groups. Social movements are often the first
expression of latent discontent with the existing system. A former member of Congress can offer
invaluable assistance when an interest group seeks to affect lawmaking. Without them these
groups would have less influence on administrative rulemaking and on legislation.
Some reformers have argued that interest groups gain improper influence by hiring former
government employees. Hence they say, such hiring should not merely be restricted but should
be banned altogether. If this were to happen, interest groups that frequently hire former
employees should be less effective.
*****.
Compare the development of two imperial powers. What factors inspire.pdf
Compare the development of two imperial powers. What factors inspired these nations to
develop empires? How did the powers first gain control over their imperial territories? How did
they administer their territories? What role did the local populations play in the imperial
relationship?
Solution
Britain and Japan are the two great industrial imperial forces of the modern world. Britain
dominated the Western, European-dominated world and Japan of the Eastern, non-European, and
to many eyes, the hope of the third world. They many things in common, groups of islands, more
civilized and powerful, and defence services.
Britain was the first industrial nation at a time when nobody knew what an industrial revolution
was. It was slowly evolving without even aware what modernization would be. But Japan was
fast to realize what the gains and danger of industrialization were and adopted it self-consciously
with revolutionary speed.
Japan transformed itself from a feudal society to the most efficient industrial and egalitarian
aristocracies in the world. The fact is that the then leaders of Meiji Restoration were prepared to
abolish feudalism, establish equality, and contribute to the survival and development of the
country. The British educational road was very much slower in relation to Japanese education
system which very much advanced.
British managers never went to university unlike their Japanese counterparts who went to a
variety of technical colleges. Japan believes in full-time higher education and has far larger
number of universities and colleges. The key to the British industrial revolution was social
ambition and that of Japan was to expel the barbarians and restore independence. In Britain there
is a gentleman’s agreement, more gentlemanly tradition. Welfare, leisure, and a civilized social
life are more important acquisitions of the British, and economic growth came second. Britain
and Japan took two different routes because they were two different societies with different
social structures and ideals.
*****.
An industry is likely to have a low beta if theSolutionAn.pdf
An industry is likely to have a low beta if the:
Solution
An industry is likely to have a low beta if the:
· The revenue stream of firm is stable and less volatile or risk than the market
· Market of there is unaffected or uninfluenced by the market cycle
Note: No multi choice option is given in question. This is the best explanation which I can share.
Please share the options if you want details or clarification.
An early attempt to understand how the packing of DNA into chromatin.pdf
An early attempt to understand how the packing of DNA into chromatin affects transcription in
eukaryotes used a defined template, purified RNA polymerase II, and the general transcription
factors – TFIIA, TFIIB, TFIID, and TFIIE. If the template was first assembled into nucleosomes,
no transcription was detected when the transcription components were added (Fig. lane 2). If the
template was preincubated with the transcription components (in the absence of NTPs), then
assembled into chromatin and the chromatin template was purified, transcription proceeded just
as well as it does on the naked DNA template when the transcription components were added
(compare lanes 1 and 3). This suggested that the transcription components, when bound to the
template, keep the promoter accessible. This phenomenon was investigated in more detail in two
additional kinds of experiments. In one, individual components were omitted during the
preincubation (lanes 4 to 8). In the second, individual components were omitted during the
transcription assay (lanes 9 to 13).
A. Which of the transcription components must be present during the preincubation in order for
the template to be active after chromatin assembly?
B. Which of the transcription components can form a complex with the template that is stable to
chromatin formation and subsequent purification?
C. Which of the transcription components must be added during the transcription assay in order
to produce a transcript?
NOTE: All information is included and there is no picture left out. THERE IS NO FIGURE TO
VIEW.
PLEASE answer these 3 questions COMPLETELY and I will be sure to leave five star feedback!
Thank you!
Solution
A)TFIIA must be present during the preincubation in order for the template to be active after
chromatin assembly because it is basically defined as the nuclear protein which takes an
important part involving in the RNA polymerase II-dependent transcription of DNA.Moreover it
is one of several general transcription factors which is required for all transcription events that
use RNA polymerase II.This includes the preincubations events as well.
B)TFIID is the transcription component that can form a complex with the template that is stable
to chromatin formation and subsequent purification because it makes the the RNA polymerase II
preinitiation complex.In this process the RNA polymerase II holoenzyme is a form of eukaryotic
RNA polymerase II ,Moreoever this is next recruited to the promoters of protein-coding genes in
living cells which is very important as part of chromatic formation.
C)TFIID AND TFIIE must be be added during the transcription assay in order to produce a
transcript because TFIIE is very important and is involved in DNA melting at the promoter.This
means it forms the transcript by containing a zinc ribbon motif that can bind single stranded
DNA.This zinc ribbon trancends from the TFIID..
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How do bacteria package their DNA by supercoiling the DNA by using.pdf
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For each of the lymphatic and immune systems explain how one (1) com.pdf
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Thesis Statement for students diagnonsed withADHD.ppt
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The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
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Instructions for Submissions thorugh G- Classroom.pptx
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The Roman Empire A Historical Colossus.pdf
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
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From the trial balance of Howards Cleaners, prepare the following f.pdf
- 1. From the trial balance of Howard's Cleaners, prepare the following for August ·Income statement * Statement of owner's equity . Balance sheet (Click the icon to view the trial balance ) Prepare the income statement Begin with the heading and then complete the rest of the statement. (If a box is not used in the income statement leave the box empty; do not se Howard's Cleaners Income Statement For the Month Ended August 31, 201x Data Table Howard's Cleaners Trial Balance August 31, 201X Dr. Cr. 450 Cash Equipment Accounts Payable 780 J. Howard, Capital 665 J Howard, Withdrawals Cleaning Fees Salaries Expense Utblities Expense 487 97 5221,522 Totals Print Done Solution Income statement: Statement of owners equity Balance sheet: T accounts:RevenuesCleaning fees487ExpensesSalaries expense140Utilities expense97Total expenses237Net income250