Horngren's Accounting, The Financial Chapters, Student Value Edition (11th Edition)
11th Edition
ISBN: 9780133876352
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Textbook Question
Chapter 1, Problem P1.49BPGB
PI »9K Preparing financial »uifmrnn
I’kvx-nii.i Knv jnr K uktHinu nl limn and ( mmuy Hi ralty ,«•» die yta» ithKiI Pixcmlicf M. 21,,ft:
tir’d |
I 5.1*10 |
Owtv’t ¦ iH«hl*i»w*', Z010 |
I ZR.QWi |
1 ,'va> • |
m.ono |
Arcourtfs Rdyable |
14.000 |
tfractoV»1 ’* t mvo- | 1 400 |
1.000 |
|
Tj»i.v e. t* e iv |
aw |
Aitoetiunq 1 ajiwiw |
14.000 |
Rent :cpei»> | io,aw |
Qiulnmq |
144.600 |
€>i on»< |
H.tMd |
tush |
1.600 |
Sd-jies l'a» il>« |
, MW |
EjjihxmwV | ,1.000 |
Sennet |
lao.ooo |
ir^u’AMe E »cir*iw |
2.700 |
Sv^jc ¦»* | 12 000 |
|nfp»e<4 E*pr-vse |
6.500 |
rayKx Cat’1’ ,J'l, l1* |
57.000 |
I Prepare I own and tCountry Realty's income jutonmu 2. Prejurc the itaiemcnt of owners cqutti J. Prepare the
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
ANotes X A Soluti x
A Notes x
A Soluti x
A Tuton X
Answ X
OTgzNDkyOTcw/a/MJU1MTU2OT94NZAX/details
2. The following trial balance was extracted from the books of Syarikat Wawa at 31 Mac
2020:
RM
83,030
1,620
800
145,800
10,000
8,500
232,950
68,000
3,600
8,400
4,300
9,600
3,180
28,400
16,440
Particulars
Capital
Carriage in
Carriage out
Purchases
Office equipment
Motor vehicle
Sales
Wages and salaries
Rent and rates
Lighting and heating
Vehicles running cost
Telephone expenses
General office expenses
Debtors
Creditors
Provision for depreciation:
Motor vehicle
Office equipment
Provision for doubtful debts
4,250
4,000
500
13,570
6,200
Drawings
Cash at bank
Cash in hand
Stock as at 1 April 2019
Return inwards
Return outwards
300
8,000
3,800
2,900
Additional information as at 31 Mac 2020:
Stock on hand was valued at RM8,800
Rent and rates prepaid RM1,200
Wages and salaries RM1,750
iv.
i.
ii.
i.
Depreciation is to be provided as follows:
a. Motor vehicles
b. Office equipment
50 % reducing…
O UTF-8"CH_02.pptx x
O UTF-8"Individual%:
* Assets Liabilities C x
O UTF-8"Individual%2 x
b My Questions | bart x
Bb Review Submission x
Course Home
A Not secure | openvellum.ecollege.com/course.html?courseld=15836449&HepID=07d540babdc75223ea4bcb31dba912cb#10001
My Courses
Amay Brown :| e
Intro to Financial Accounting 29:010:203 (Spring 2020)
|
02/11/20 3:01 PM
Course Home
Homework: Assignment 2
Save
Assignments
Score: 0.43 of 1 pt
HW Score: 75.6%, 9.07 of 12 pts
11 of 12 (11 complete) v
Study Plan
TI1-5 (similar to)
E Question Help
Results
18. Using the following information, complete the income statement, statement of retained earnings, and balance sheet for RN Painting for the month of March 2018. The business
began operations on March 1, 2018.
E (Click the icon to view the account balances.)
Pearson eText
Multimedia Library
Accounts Receivable
1700||Accounts Payable
Dynamic Study
Modules
Office Supplies
Stockholders' Equity
Retained Earnings
Syllabus
Service Revenue
Total Expenses…
ASiithial 10) eymarta) o px s yous i odcoon, you wh o o axcumiiod $140008 s v O PAS Todots ) s o yob 1 b Wil 0oy Y3 scnconpoune o, o 15 Y W-flmmmmmflmnmhmmmmbmmmmn“ (Round 19 the nerest cont) .
Chapter 1 Solutions
Horngren's Accounting, The Financial Chapters, Student Value Edition (11th Edition)
Ch. 1 - Prob. 1QCCh. 1 - Which of the following is not an external user of...Ch. 1 - Prob. 3QCCh. 1 - Prob. 4QCCh. 1 - Prob. 5QCCh. 1 - Which of the following requires accounting...Ch. 1 - At the end of a recent year, Global Cleaning...Ch. 1 - Consider the overall effects on Global Cleaning...Ch. 1 - Assume that Global Cleaning Service performed...Ch. 1 - The balance sheet reports the Learning Objective 5...
Ch. 1 - Assume Global Cleaning Service had net income of...Ch. 1 - What is accounting?Ch. 1 - Prob. 2RQCh. 1 - Prob. 3RQCh. 1 - Prob. 4RQCh. 1 - Prob. 5RQCh. 1 - Prob. 6RQCh. 1 - Prob. 7RQCh. 1 - A business purchases an acre of land for $5,000....Ch. 1 - What does the going concern assumption mean for a...Ch. 1 - Which concept states that accounting information...Ch. 1 - Financial statements in the United States are...Ch. 1 - Prob. 12RQCh. 1 - What is the accounting equation? Briefly explain...Ch. 1 - What are two ways that equity increases? What are...Ch. 1 - How is net income calculated? Define revenues and...Ch. 1 - What are the steps used when analyzing a business...Ch. 1 - List the four financial statements. Briefly...Ch. 1 - What is the calculation for ROA? Explain what ROA...Ch. 1 - Prob. S1.1SECh. 1 - Determining organizations that govern accounting...Ch. 1 - Identifying types of business organizations...Ch. 1 - Prob. S1.4SECh. 1 - Applying accounting assumptions and principles...Ch. 1 - Prob. S1.6SECh. 1 - Prob. S1.7SECh. 1 - Identifying accounts Learning Objective 3 Consider...Ch. 1 - Prob. S1.9SECh. 1 - Using the accounting equation to analyze...Ch. 1 - Identifying accounts on the financial statements...Ch. 1 -
I rhr JoUou'ing ittfonnatioH to antovr Short...Ch. 1 -
I rhr JoUou'ing ittfonnatioH to antovr Short...Ch. 1 - Irhr JoUou'ing ittfonnatioH to antovr Short...Ch. 1 - Prob. S1.15SECh. 1 - Prob. S1.16SECh. 1 - Prob. E1.17ECh. 1 - Prob. E1.18ECh. 1 - 1. Accounting equation a. An economic resource...Ch. 1 - Prob. E1.20ECh. 1 - Prob. E1.21ECh. 1 - Prob. E1.22ECh. 1 - Prob. E1.23ECh. 1 - Prob. E1.24ECh. 1 - Using the accounting equation to analyze...Ch. 1 - Using the accounting equation to analyze business...Ch. 1 - Using the accounting equation to analyze business...Ch. 1 - Using the accounting equation to analyze business...Ch. 1 - Prob. E1.29ECh. 1 - Preparing the financial statements Learning...Ch. 1 - Prob. E1.31ECh. 1 - Prob. E1.32ECh. 1 - Use the following information to answer Exercises...Ch. 1 - Prob. E1.34ECh. 1 - Prob. E1.35ECh. 1 - Prob. E1.36ECh. 1 - Prob. E1.37ECh. 1 - Prob. E1.38ECh. 1 - Prob. E1.39ECh. 1 - Prob. P1.40APGACh. 1 - Prob. P1.41APGACh. 1 - Prob. P1.42APGACh. 1 - Prob. P1.43APGACh. 1 - Prob. P1.44APGACh. 1 - Prob. P1.45APGACh. 1 - Prob. P1.46APGACh. 1 -
Astm
< ->»l 1 • ptl « I Sb
•ArtA* V...Ch. 1 - Prob. P1.48BPGBCh. 1 - PI »9K Preparing financial »uifmrnn I’kvx-nii.i...Ch. 1 - PI-SOB Preparing financial italtmmu Precision Pies...Ch. 1 - Prob. P1.51BPGBCh. 1 - Prob. P1.52BPGBCh. 1 - 1*1 S 4H I *it»g the jsi nmn|i equation foi...Ch. 1 - || V. , -
«••••"“ -
4 «k»wl Ml*«...Ch. 1 - Decision Case 1-1 Let’s examine a case using...Ch. 1 - The tobacco companies have paid billions because...Ch. 1 - Prob. 1.1FCCh. 1 - Prob. 1.1FSC
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- windeur Co. purdiad cyuipmenL fu ao.uD wlist a alimslad lu hurs e uaclul ile uf 10 yeara wilh sulvugu vulus uf s0.SUD J its cnd ol dul ime. U.presialian hea bean enterud fa / yuara sa a altuiplit line buaia In 201, il i dela minsd thul dis lutal cimulud ils alvuli b. 15 yuara wth a aivaje value .400t and at that time. (a) Presere the entry e anyi to comest the orior vears deprer arion. ьх (Credit account titles are automatically indented when amount is anhered. De nat indent manusaly. If no entry i required, seinct "Na Entry" for the account tvtles and enter O for the amounts.) Nu. ALLount Tlka and txplanaioI Debt Crudt (a Cick if o u hke to shaw Work fur ts n e Slan akarrow_forwardQuestion AR and Chave partenhp caplcot bcs 00 S00 and Stas 0, ly the income sharng A sR n ws. Add wi e parrh nd apeed that part pays S9500 A perh t The flnces t's and Cs Captal cc aer As wal wodd be OARSEND00C 0 OaR SS00, C 00arrow_forwardSt. ( My The Mic O Mai Mcl O Bus 6 Bad APA Mic Uil • Ben A0 + Do O MA O Wh Ans A mycourses.sgu.edu/access/content/attachment/172d3b94-c459-4b3b-b9da-2cc57a93c3cb/Assignments/d50e87b8-155e-4aa6-845d-9f9986bcaa31/Chp%20... A I Apps A APA citation genera. Grenada SDA Com.. E The Premier Choice. M Gmail YouTube Free, Powerful Engli. O E Planting Calendar. A Maps in Interpretive Simulat. 6 iffer 7-31 Sales Budget A Sendai clothing wholesaler was preparing its sales budget for the first quarter of 20X8. Forecast sales are as follows (All values are in thousands of yen). January ¥203,000 February ¥227,000 March ¥248,000 Sales are 40% cash and 60% on credit. Fifty-five percent of the credit accounts are collected in the month of sale, 35% in the month following the sale, and 10% in the following month. No uncollectible accounts are anticipated. Accounts receivable at the beginning of 20X8 are ¥82,950 (10% of November credit sales of ¥150,000 and 45% of December credit sales of ¥151,000).…arrow_forward
- JFK Sp G Persua: BIF ANSV B which c BWILL BE M (no sub Gis engli + n/courseware-delivery//ua/69158/45467532/aHR0cHM6Ly9mMi5hcHAUZWRtZW50dW0uY29tL2xlYXJuZXItdWkvc2Vjb25kYXJ5L3VzZXItY... < ☆ Unit Activity: Mathematical Models and Consumer Finance https:// Online Task 2 Saving Money Respond to each question below in two to three complete sentences. Each question is worth four points. BIUX² X₂ 15px Space used (includes formatting): 0/ 15000 Edment A G What fa Part A How can knowing your spending habits make it easier for you to learn to save money? Give an example to illustrate your explanation. !!! 6 of 12 V Print Savarrow_forwardPragareaical anelyoa kanca aha dans far ikaiar 0. Rund percntagete ldecimal placs, eg 12 NIKE, INC. Condennd Balanca Shant (in millions) Percant Asate Cument auts Propemy, plant, and aquprent (rat) Cther amt Tatal Aasets Liabilikias and Steckholdere' Equity Cament labitien Lang tem labitien Seckhoider euty Tatal llabilities and Stockholders Equityarrow_forward0271 20161 122joint and wong liwymorioso 16 2016 621 570111507780002 Question 50 vd mwob 250g abnod to oulay jud asiduob loota to oulev od viqinda WOT ST6 201611291910 e vibrd, cob vrnonces adt tilt once and T: omienso2 You are given the following information for two assets Uno and Dos: s do qu90 EDUCO LO SHOolato suisv onT reda ai Expected rate of return Variance of return ng srü star2 0.0595 0.0384 0.0153 ort ano 0.0153 29:01 ano od Asset Uno W bas Wydb Dos riflesw 0.2315 VISM 1 wob stiW 26 bus x to noitonuts as zonense sonds ont to oss tot visvisogasn At a market risk premium of 3.5% and a risk-free rate of 2%, determine which asset is considered riskier by analyzing their systematic and unsystematic risks. viilu a visM szoqque W bas W. W to noitomut sasviliu botoogzo a'veM to noi201qxs sdi awob in W v bus xto esulav sri bail sidizeoq zi sim ooit-lain sdi is gribael bas gniwonod gniezA viilitu bolooqxo a' viEM eximixem liw jedi (1) MOTarrow_forward
- 0271 20161 122oint and wong liw vitorioss of 10 2016 621 570111507780002 Question 50 vd mwob 250g abnod to oulay jud asiduob loota to oulsy od viqinda WOT ST6 201611291910 e vibrd, col vimonces adt milt once and T: E renso2 You are given the following information for two assets Uno and Dos: u yo qu909 DOGO TO SLolato sulsv onT reda ai Expected rate of return Variance of return srüster2 (1) 0.0595 0.0384 0.0153 ort ano 0.0153 29:01 ano Asset Uno W bas Wydb Dos rifesw 0.2315 VISM 1 odtwob stiW bus x to noitonuts as zonesse sondt orlt to ross tot visvitsogasn 26 At a market risk premium of 3.5% and a risk-free rate of 2%, determine which asset is considered riskier by analyzing their systematic and unsystematic risks. mvilu a visM szoqquz W bas W. W to noitonuts as vilitu botooqxo a'vM to noia201qxs si nwob in W v bas xto esuley sri bait sidizzoq zi sim ooit-lain odi is gaibasl bas gniwonod goimwezA viilitu botoqxo a'vieM eximixem lliw jedi MOTarrow_forwardWhat was waterways retained earnings balance ?arrow_forward(31) 41 ← → C Permiss Pos X Drag ea в HELP! CB U.S. Ce M (no sub + f2.app.edmentum.com/assessments-delivery/ua/la/launch/69158/45467537/aHR0cHM6Ly9mMi5hcHAUZWRtZW50dW0uY29tL2xlYX... < 21 https:// Graph.x ABC Co Previous 21♥ Next → Post Test: Mathematical Models and Investments Type the correct answer in each box. Use numerals instead of words. An investment worth $50,000 has these expectations of returns: • 30% chance of ending up worth $40,000 • 50% chance of ending up worth $50,100 • 20% chance of ending up worth $65,000 Determine the expected value and risk. The expected value of the investment is $ © 2023 Edmentum. All rights reserved. C The investment is risky because it has only a Reset OG Next R https:// Submit Test TXVS N ES Reader Tools % chance of making a significant return. Apr 21 12:07 S Inarrow_forward
- Can you please answere all the following true/false statements. Thank youarrow_forwarde: ACC_102 X McGraw-Hill Edu X 2:47:38 C Ord Applicati... WP WileyPLUS B Bloomberg for Edu... i ic raw ezto.mheducation.com/ext/map/index.html?_con=con&ext... Q Multiple Choice $1,900,000. $2,800,000. Question 13 - E X B During its most recent fiscal year, Dover, Incorporated had total sales of $3,200,000. Contribution margin amounted to $1,500,000 and income was $400,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year? $1,300,000. $1,100,000. Save & Exit DELL Sarrow_forwardOn dany 1.201 Engrers Cretu C 20y tdyn t v Oe The de pyretn n Denter a e ens Requiemnt.he mat itet %en CU ten the bons te ptte v pren oadou Etan heenddhen te maet ted matatinvet Neqmentae mat r wheOU he bondte evaapu ea d The P bonds ed when the martel tert e is wi te ped a They are manat, tin py m n nt t t a anutuada hea amotutn mathat d d ten da Sele uraton onit ORequirements If the market interest rate is 5% when ECU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain. 2. If the market interest rate is 9% when ECU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain. 3. The issue price of the bonds is 94. Journalize the following bond transactions: a. Issuance of the bonds on January 1, 2018. b. Payment of interest and amortization on June 30, 2018. c. Payment of interest and amortization on December 31, 2018. d. Retirement of the bond at maturity on December 31, 2037, assuming the last…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education
Risk and return of individual securities; Author: BMOCommunity;https://www.youtube.com/watch?v=ubiUxiTgIfw;License: Standard youtube license