Week 2 exercises assignment - 10 problems chesterton company have the following balances on december 31, 2014 on the balance sheet under each of these. 1) these are selected account balances on december 31, 2008 land (location of the corporation's office building) - answered by a verified business tutor. These are selected account balances on december 31, 2008 land (location of the corporation's office building) $100,000 land (held for future use) 150,000 corporate office building 600,000 inventory 200,000 equipment 450,000 office furniture 100,000 accumulated depreciation 300,000 what is the net amount of property, plant, and equipment that. Inventory, december 31, 2012 28,800 purchase returns and allowances 8,400 how much will silver report as cost of goods purchased in its 2012 income statement. Intermediate accounting solution and a classified balance sheet at december 31 (c) identify which accounts should be closed on december 31 (d).
Selected account balances are available for the year ended december 31, 2008 and are stated in euro, the local currency 61 assume the functional currency is the euro, compute the restated amount for sales for 2008. The accounting information system the company initially records transactions and selected other events company's account balances at december 31, 2007 for. These are selected account balances on december 31 accounts receivable supplies000 450 they include investments in stock of other companies and land held for future use property prepaid insurance.
Prepare adjusting entry for be33 proﬁle advertising's trial balance as at 31 december shows advertising supplies $6700 and supplies selected accounts of. Most importantly, in october 2008 the congress gave the federal reserve statutory authority to pay interest on balances that banks hold at the federal reserve banks. On december 31, 2011, coolwear, inc had balances in its accounts receivable and allowance for uncollectible accounts of $48,400 and $0, respectively no receivables were written off during the year at the end of 2011, coolwear estimated that $2,100 in receivables would not be collected. On december 31, 2008, jarnigan co estimated that 2% of its net sales of $400,000 will become uncollectible the company recorded this amount as an addition to allowance for doubtful accounts on may 11, 2009, jarnigan co determined that terry frye's account was uncollectible and wrote off $1,100. Connect - managerial accounting connect #0 review the ledger included the following accounts with normal balances selected balance sheet amounts at december.
The financial condition of technica, inc at december 31, 2008 and 2009 is shown rests on the fact that these december accounts receivable balance of $300,000. Which of the following is true about accounts payable report as a liability at december 31, 2008 (d) corp's liability account balances at december 31, 2006. 1) these are selected account balances on december 31, 2008 land (location of the corporation's office building) $100,000 land (held for future use) 150,000. The word contra indicates the balances in these two accounts will be contrary to the debit balances that as of december 31 one month has gone by, so one month of.
Chapter 4 income statement and related informationtrue-false—conceptual 1 the inventory at december 31, 2008 was overstated by $40,000 the adjusted trial. 17journalize the following selected transactions for april 2008 in a two-column journal the supplies account balance on december 31 is $5,250 utilize these. Side kicks company balance sheet december 31, 2007 assets current assets cash $ 41,000 accounts receivable $163,500 less: allowance for doubtful accounts 8,700 154,800 inventory—at lifo cost 308,500 prepaid insurance 5,900 total current assets $ 510,200 long-term investments investments in stocks and bonds, of which investments of $120,000. Colin mochrie company has the following balances in selected accounts on december 31, 2008 consulting revenue: 40,000 : 2 on december 1, 2008, colin mochrie.
After bella company records the adjusting entry on december 31, 2009 for the office supplies, the balance in the office supplies inventory and office supplies expense account will have the following respective balances of. E3-5 drew carey company has the following balances in selected accounts on december 31, 2008 accounts receivable $ -0- accumulated depreciation—equipment -0- equipment 7,000 interest payable -0- notes payable 10,000 prepaid insurance 2,100 salaries payable -0- supplies 2,450 unearned consulting revenue 40,000 all the accounts have normal balances.
Presented below are selected account balances for homer winslow co as of december 31, 2008 instructionsprepare closing entries for homer winslow co on december 31, 2008 (omitexplanations) yount advertising agency was founded in january 2004. The following list includes selected permanent accounts and all of the temporary accounts from the december 31, 2015, unadjusted trial balance of emiko co, a business owned by kumi emiko emiko co uses a perpetual inventory system. A summary of selected ledger accounts appear below for ted's auto services for the 2007 calendar year end ended december 31, 2008 adjusted trial balance income.