Debe hacer las entradas de jornal en las siguientes obligaciones. Debe analizar bien las transacciones y aplicar los principios de contabilidad aprendidos. Recuerde el problema no está en las tareas el problema está en que no las entregue. (20 puntos). E-1 (Adjusting Entry for Sales Tax) During the month of June, Danielle's Boutique had cash sales of $265,000 and credit sales of $153,700, both of which include the 6% sales tax that must be remitted to the state by July 15. (5 puntos) Instructions Prepare the adjusting entry that should be recorded to fairly present the June 30 financial statements. E-2 (Warranties) Winslow Company sold 150 color laser copiers in 2012 for $4,000 apiece, together with a one-year warranty. Maintenance on each copier during the warranty period averages $300. (10 puntos). Instructions (a) Prepare entries to record the sale of the copiers and the related warranty costs, assuming that the accrual method is used. Actual warranty costs incurred in 2012 were $17,000. (b) On the basis of the data above, prepare the appropriate entries, assuming that the cash-basis method is used. E-3 Coldwell, Inc. issued a $100,000, 4-year, 10% note at face value to Flint Hills Bank on January 1, 2013, and received $100,000 cash. The note requires annual interest payments each December 31. (5 puntos). Prepare Coldwell's journal entries to record: (a) issuance of the note. (b) December 31 interest payment. ***En los ejercicios hay información que no la tiene que usar.
Debe hacer las entradas de jornal en las siguientes obligaciones. Debe analizar bien las transacciones y aplicar los principios de contabilidad aprendidos. Recuerde el problema no está en las tareas el problema está en que no las entregue. (20 puntos). E-1 (Adjusting Entry for Sales Tax) During the month of June, Danielle's Boutique had cash sales of $265,000 and credit sales of $153,700, both of which include the 6% sales tax that must be remitted to the state by July 15. (5 puntos) Instructions Prepare the adjusting entry that should be recorded to fairly present the June 30 financial statements. E-2 (Warranties) Winslow Company sold 150 color laser copiers in 2012 for $4,000 apiece, together with a one-year warranty. Maintenance on each copier during the warranty period averages $300. (10 puntos). Instructions (a) Prepare entries to record the sale of the copiers and the related warranty costs, assuming that the accrual method is used. Actual warranty costs incurred in 2012 were $17,000. (b) On the basis of the data above, prepare the appropriate entries, assuming that the cash-basis method is used. E-3 Coldwell, Inc. issued a $100,000, 4-year, 10% note at face value to Flint Hills Bank on January 1, 2013, and received $100,000 cash. The note requires annual interest payments each December 31. (5 puntos). Prepare Coldwell's journal entries to record: (a) issuance of the note. (b) December 31 interest payment. ***En los ejercicios hay información que no la tiene que usar.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Debe hacer las entradas de jornal en las siguientes
obligaciones. Debe analizar bien las transacciones y
aplicar los principios de contabilidad aprendidos.
Recuerde el problema no está en las tareas el
problema está en que no las entregue. (20 puntos).
E-1 (Adjusting Entry for Sales Tax) During the
month of June, Danielle's Boutique had cash sales of
$265,000 and credit sales of $153,700, both of which
include the 6% sales tax that must be remitted to the
state by July 15.
(5 puntos)
Instructions
Prepare the adjusting entry that should be
recorded to fairly present the June 30 financial
statements.
E-2 (Warranties) Winslow Company sold 150 color
laser copiers in 2012 for $4,000 apiece, together with
a one-year warranty. Maintenance on each copier
during the warranty period averages $300. (10
puntos).
Instructions
(a) Prepare entries to record the sale of the
copiers and the related warranty costs, assuming
that the accrual method is used. Actual warranty
costs incurred in 2012 were $17,000.
(b) On the basis of the data above, prepare the
appropriate entries, assuming that the cash-basis
method is used.
E-3 Coldwell, Inc. issued a $100,000, 4-year, 10%
note at face value to Flint Hills Bank on January 1,
2013, and received $100,000 cash. The note requires
annual interest payments each December 31. (5
puntos).
Prepare Coldwell's journal entries to record:
(a) issuance of the note.
(b) December 31 interest payment.
***En los ejercicios hay información que no la tiene
que usar.
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