Problem #2 Name: Karen Brown Date 1/4 1/5 1/6 1/7 1/8 1/9 In 8:00 8:15 7:45 8:00 7:00 9:00 Out 1:00 1:00 12:30 12:00 12:00 1:00 In 2:00 2:00 2:00 1:00 1:30 2:00 Out 5:00 5:00 5:00 4:30 4:30 5:00 Total Hours Worked>> Hours Regular Pay: $12.00 per hour Overtime Pay: 1.5X regular pay for hours over 40 Karen Brown Hrs Amount Regular Overtime Rate $12.00 Gross Earnings >>
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- 5 5 AutoSave On File 2. K9 O Undo A Home Insert Draw Page Layout Formulas Data 0 X Paste Clipboard 5 B Total credit sales Accounts Receivable.xlsx Saved v . Calibri B IU • XV. fx C 17 Accounts Receivable 18 Allowance for doudtful debts 19 D ✓11 Ready Accessibility: Investigate Font V • Α Α΄ V E V 8- A $ % 98 F == Review View Help G 8 9 Accounts Receivable written off 0 Credit issued to customers for sales returns 1 Recovery of Accounts Receivable, written off 12 as uncollectible in the prior year (not included in the cash collected above) 13 14 15 The following were taken from the Balance Sheet dated Dec 31, 20X4 16 Alignment Search (Alt+C H Sheet1 ex. for income stmt. approach Practice Question Sheet4 22 1 V 620,000 5450 14500 3400 General 96400 9700 J V Number 20 Jeremy Company estimated that bad debts (uncollectible) to be equal to 0.5% of credit sales, net of sales returns 21 22 Calculate the Accounts Receivable and Allowance for doubtful debts accounts balances as at Dec 31, 20X5…Instructions 1. Prepare journal entries to record each of the events listed. Provide relevant descriptions for each journal entry in good form; skip a line between entries. 2. Post Journal Entries to the General Ledger 3. Prepare a trial balance as of May 31, 2017. Home Services was formed on May 1, 2017. The following transactions took place during the first month. 1. May 1 - Stockholders invested $60,000 cash in exchange for common stock. 2. May 1-Signed a 2-year rental agreement on a warehouse; paid $36,000 cash in advance for the first year. 3. May 1- Purchased equipment costing $35,000. A cash payment of $12,000 was made immediately; the remainder will be paid in 60 days. 4. May 1-Paid $1,500 cash for a one-year insurance policy on the equipment. 5. May 2-Purchased basic office supplies for $400 cash. 6. May 3-Purchased office supplies from Office Depot for $1,600 on account. 7. May 10 - Received $12,000 cash for services performed for a new customer. 8. May 13-Paid $600 to Office…apter 7 Video 1 apter 7 Homework i 7 "art 3 of 3 25 oints https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fm... A eBook Print References 2 Mc Graw Hill Type here to search E # 3 X R F Year 1 2 4 Problem 7-5B (Algo) Part 3 3. Prepare a depreciation schedule for four years using the activity-based method. (Round your "Depreciation Rate" to 3 decimal places and use this amount in all subsequent calculations. Round answers to the nearest whole dollar.) 3 4 Total Xa F4 Question 7 - Chapter 7 Homewo X $ WHILE YOU WAIT COPY Depreciation Schedule Activity-Based End of Year Amounts Depreciation Expense $ S с FS % 5 G 30,450 21,750 21,750 21,750 95,700 F6 O E: 6 T Y Accumulated Depreciation $ H ✈ 30,450 F7 n & 7 Dashboard U J Book Value T 5 9 4 : *+ F12 { C N PrtSc 11 + 11 } Help Save & Exit 1 Insert Delete 206 4¹ Backspace Check my ► 111 Num Lock E 7
- 1:14 1 Back Chapter 3 Homework.xlsx ЕЗ.5 E3.6 ЕЗ.11 E3.23 P3.2Aa P3.2Ab P3.2Ac P3.2A (LO 2, 3, 4), AP The Skyline Motel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Skyline Motel Trial Balance 5/31/22 Account Debit Credit Cash S3,500 Supplies Prepaid Insurance 2,080 2,400 12,000 Land Buildings Equipment Notes Payable Accounts Payable Unearned Rent Revenue Common Stock Rent Revenue 60,000 15,000 S40,000 I1,180 3,300 35,000 10,300 Advertising Expense Salaries and Wages Expense Utilities Expense 600 3,300 900 $99,780 $99,780 Other data: 1. Prepaid insurance is a l-year policy starting May 1, 2022. 2. A count of supplies shows $750 of unused supplies on May 31. 3. Annual depreciation is $3,000 on the buildings and S1,500 on equipment. 4. The note payable interest rate is 12%. (The note was taken out on May 1 and will be repaid along with interest in 2 years.) 5. Two-thirds of the unearned rent revenue has been earned. 6. Salaries and…Question 3: Write down the logo type for the following logos: IEM A. B. adidas C. D. Google Word STATI02 WD -sara alsaab .STATI02 W Error XJ-Qsheet 3 DELL F2 F3 F4 • F5 F6 F7 F8 F9 F10 F11ⓘ edugenwileyplus.com/edugen/ti/main.uni 11\田回 Return to Blackboard Weygandt, Accounting Principles, 13e Help I System Announcements CALCULATOR PRINTER VERSION BACK NEX RCES Exercise 6-01 H Your answer is incorrect. Try again Tri-State Bank and Trust is considering giving Sheridan Company a loan. Before doing so, management decides that further discussions with Sheridan's accountant may be Part 1 | desirable. One area of particular concern is the inventory account, which has a year-end balance of $341,000. Discussions with the accountant reveal the following eo1. sheridan shipped goods costing $35,000 to Lija Company. FOB shipping point, on December 28. The goods are not expected to arrive at Lilja until January 12. The goods were not included in the physical inventory because they were not in the warehouse 2. The physical count of the inventory did not include goods costing $91,000 that were shipped to Sheridan FOB destination on December 27 and were still in transit at year-end. 3.…
- 11-9 A/ 11-1O A CengageNOWv2|Online teachin x b PURCHASES JOURNAL J. B. Speci x + Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator3D&inprogress%3false eBook 4Show Me How Show Me How Calculator Purchases Transactions J. B. Speck, owner of Speck's Galleria, made the following purchases of merchandise on account during the month of September: Sept. 3 Purchase Invoice No. 415, $2,650, from Smith Distributors. 8 Purchase Invoice No. 132, $3,830, from Michaels Wholesaler. 11 Purchase Invoice No. 614, $3,140, from J. B. Sanders & Co. 18 Purchase Invoice No. 329, $2,250, from Bateman & Jones, Inc. 23 Purchase Invoice No. 767, $4,160, from Smith Distributors. 27 Purchase Invoice No. 744, $1,980, from Anderson Company. 30 Purchase Invoice No. 652, $2,780, from Michaels Wholesaler. Required: 1. Record the transactions in a general journal. If an amount box does not require an entry, leave it blank. Do not enter the posting re complete part 2. GENERAL JOURNAL PAGE 16 DATE…nt Technical College X C 2 Unit 4 Exercises i ? 7 ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q... 7.27 points 38°F Clear (8 eBook Print References Mc Graw Hill W S # Microsoft Office Home (a) Break-even point in units (b) Margin of safety E D CA Coors Company expects sales of $340,000 (4,000 units at $85 per unit). The company's total fixed costs are $175,000 and its variable costs are $35 per unit. Compute (a) break-even in units and (b) the margin of safety in dollars. R % 5 Question 7 - Unit 4 Exercises X T G Y 3.500 & K E11 3X3 WES prt sc Help T delete backspace Save & Exit ENG home enter Check my num lock 10/ enc 7 home A8:33 ull LTE AA v2.cengagenow.com CengageNOWv2 | Online teaching and learning resource from Cengage Learning Close Window Print 1. EX.09-03 O eBook Show Me How Entries for Uncollectible Accounts, using Direct Write-Off Method Journalize the following transactions in the accounts of Champion Medical Co., a medical equipment company that uses the direct write-off method of accounting for uncollectible receivables: Jan. Sold merchandise on account to Dr. Dale Van Dyken, $30,000. The cost of the 19. merchandise sold was $20,500. July Received $12,000 from Dr. Dale Van Dyken and wrote off the remainder owed on 7. the sale of January 19 as uncollectible. Nov. Reinstated the account of Dr. Dale Van Dyken that had been written off on July 7 2. and received $18,000 cash in full payment. For a compound transaction, if an amount box does not require an entry, leave it blank. Jan. 19-sale Jan. 19-cost July 7 Nov. 2-reinstate Nov. 2-collection
- May 2024 บ M Tu W Th F 8 29 30 1 2 3 5 6 7 8 9 10 12 13 15 14 16 17 19 20 21 22 23 24 26 27 28 29 30 31 Su June 2024 M Tu W Th F Seth 6-3 1-2 2.3 Brendyn 9-6 34 mod 194 v lifiv T T F 7479 139 ..... Saturday, May 11 Friday, May 24 Saturday, May 25 Sunday, May 26 Monday, May 27K M Question 3-Week Five Home X ework i cation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/a 1 Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completi Lauprechta Incorporated has the following employees on payroll. Assume that all the employees has only one job or that step 2 of Form W-4 is not checked and all dependents are under the age of 17. Also, the employer uses the Percentage Method Tables for Manual Payroll Systems with Forms W-4 from 2020 or Later. Use percentage method tables for a manual payroll systems. & Naila Wilfred Byron Annie 10 A Q Employee Naila Wilfred Byron Annie 2 Semimonthly Payroll $ 6,140 $ 5,440 $4,040 $ 4,430 é Required: Complete the table for taxes to be withheld for each pay period. Note: Round your intermediate computations and final answers to 2 decimal places. F2 * N S $ Federal Withholding Tax 3 Answered:…Question list N 1 2 3 4 5 6 7 Question 1 Question 2 O Question 3 More Info 8 9 10 Question 1 racion To Find F Given P F/P 1.1500 1.3225 1.5209 1.7490 2.0114 2.3131 2.6600 3.0590 3.5179 4.0456 ractor To Find P Given F P/F 0.8696 0.7561 0.6575 0.5718 0.4972 0.4323 0.3759 0.3269 0.2843 0.2472 K A company is considering the purchase of a capital asset for $100,000. Installation charges needed to make the asset serviceable will total $40,000. The asset will be depreciated over six years using the straight-line method and an estimated salvage value (SV) of $20,000. The asset will be kept in service for six years, after which it will be sold for $30,000. During its useful life, it is estimated that the asset will produce annual revenues of $40,000. Operating and maintenance (O&M) costs are estimated to be $5,000 in the first year. These O&M costs are projected to increase by $500 per year each year thereafter. The after tax MARR is 15% and the effective tax rate is 25%. a. Compute the…
