Connect 1 Semester Access Card for Fundamentals of Financial Accounting
5th Edition
ISBN: 9781259128547
Author: Fred Phillips Associate Professor, Robert Libby, Patricia Libby
Publisher: McGraw-Hill Education
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Chapter 10, Problem 10.9ME
To determine
To Show: The presentation of bonds that would be reported in on January 2, 2016
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Comparing USA to Germany and Japan Hofstede's dimensions include Power, Distance, Individualism, Masculinity, Uncertainty Avoidance, Long-Term Orientation and Indulgence.
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Problem 3-2B
Preparing adjusting and subsequent journal entries
P1 P2 P3 P4
Natsu Company's annual accounting period ends on October 31. The following information concerns the adjusting entries that need to be recorded as of that date.
Entries can draw from the following partial chart of accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Building; Accumulated Depreciation-
Building; Salaries Payable; Unearned Revenue; Rent Revenue; Salaries Expense; Office Supplies Expense; Insurance Expense; and Depreciation Expense-Building.
a.
b.
c.
d.
e.
f.
The Office Supplies account started the fiscal year with a $600 balance. During the fiscal year, the company purchased supplies for $4,570, which was added to
the Office Supplies account. The supplies available at October 31 totaled $800.
The Prepaid Insurance account had a $12,000 debit balance at October 31 before adjusting for the costs of any expired coverage for the fiscal year. An analysis
of prepaid insurance shows…
Chapter 10 Solutions
Connect 1 Semester Access Card for Fundamentals of Financial Accounting
Ch. 10 - Prob. 1QCh. 10 - Prob. 2QCh. 10 - What three factors influence the dollar amount...Ch. 10 - Prob. 4QCh. 10 - Prob. 5QCh. 10 - Prob. 6QCh. 10 - Prob. 7QCh. 10 - If a company has a long-term loan that has only...Ch. 10 - What are the reasons that some bonds are issued at...Ch. 10 - Prob. 10Q
Ch. 10 - Will the stated interest rate be higher than the...Ch. 10 - What is the carrying value of a bond payable?Ch. 10 - What is the difference between a secured bond and...Ch. 10 - Prob. 14QCh. 10 - Prob. 15QCh. 10 - Prob. 16QCh. 10 - Prob. 17QCh. 10 - Which of the following best describes Accrued...Ch. 10 - Prob. 2MCCh. 10 - Prob. 3MCCh. 10 - Prob. 4MCCh. 10 - Which of the following does not impact the...Ch. 10 - Which of the following is false when a bond is...Ch. 10 - To determine if a bond will be issued at a...Ch. 10 - A bond is issued at a price of 103 and retired...Ch. 10 - In a recent year. Land O Lakes, Inc., reported (in...Ch. 10 - Prob. 10MCCh. 10 - Recording Unearned Revenues A local theater...Ch. 10 - Prob. 10.2MECh. 10 - Prob. 10.3MECh. 10 - Reporting Payroll Tax Liabilities Refer to M10-3....Ch. 10 - Prob. 10.5MECh. 10 - Prob. 10.6MECh. 10 - Prob. 10.7MECh. 10 - Prob. 10.8MECh. 10 - Prob. 10.9MECh. 10 - Prob. 10.10MECh. 10 - Recording Bonds Issued at Face Value Schlitterbahn...Ch. 10 - Prob. 10.12MECh. 10 - Computing the Debt-to-Assets Ratio and the Times...Ch. 10 - Analyzing the Impact of Transactions on the...Ch. 10 - Prob. 10.15MECh. 10 - Prob. 10.16MECh. 10 - Prob. 10.17MECh. 10 - Prob. 10.1ECh. 10 - Recording a Note Payable through Its Time to...Ch. 10 - Recording Payroll Costs McLoyd Company completed...Ch. 10 - Recording Payroll Costs with and without...Ch. 10 - Prob. 10.5ECh. 10 - Determining and Recording the Financial Statement...Ch. 10 - Preparing Journal Entries to Record Issuance of...Ch. 10 - Preparing Journal Entries to Record Issuance of...Ch. 10 - Prob. 10.9ECh. 10 - Prob. 10.10ECh. 10 - (Supplement 10A) Recording the Effects of a...Ch. 10 - Prob. 10.12ECh. 10 - Prob. 10.13ECh. 10 - Prob. 10.14ECh. 10 - (Supplement 10B) Recording the Effects of a...Ch. 10 - Prob. 10.16ECh. 10 - Determining Financial Effects of Transactions...Ch. 10 - Recording and Reporting Current Liabilities with...Ch. 10 - Recording and Reporting Current Liabilities...Ch. 10 - Prob. 10.4CPCh. 10 - Determining Financial Statement Reporting of...Ch. 10 - Prob. 10.6CPCh. 10 - (Supplement 10B) Recording Bond Issuance and...Ch. 10 - Prob. 10.8CPCh. 10 - (Supplement 10A) Completing an Amortization...Ch. 10 - (Supplements 10B or 10C) Completing an...Ch. 10 - Prob. 10.1PACh. 10 - Prob. 10.2PACh. 10 - Recording and Reporting Current Liabilities...Ch. 10 - Prob. 10.4PACh. 10 - Prob. 10.5PACh. 10 - Prob. 10.6PACh. 10 - Prob. 10.7PACh. 10 - Prob. 10.8PACh. 10 - Prob. 10.1PBCh. 10 - Recording and Reporting Current Liabilities with...Ch. 10 - Prob. 10.3PBCh. 10 - Prob. 10.4PBCh. 10 - Recording and Explaining the Early Retirement of...Ch. 10 - Prob. 10.6PBCh. 10 - (Supplement 10B) Recording Bond Issue, Interest...Ch. 10 - (Supplement 10C) Recording Bond Issue, Interest...Ch. 10 - Prob. 10.1COPCh. 10 - Prob. 10.1SDCCh. 10 - Prob. 10.2SDCCh. 10 - Prob. 10.4SDCCh. 10 - Prob. 10.5SDCCh. 10 - Prob. 10.6SDCCh. 10 - Prob. 10.7SDCCh. 10 - Prob. 10.8SDCCh. 10 - (Supplement 10C) Preparing a Bond Amortization...Ch. 10 - Prob. 10.1CC
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- Problem 3-1B Identifying adjusting entries with explanations P1 P2 P3 P4 For journal entries 1 through 12, indicate the explanation that most closely describes it. You can use explanations more than once. A. To record payment of a prepaid expense. B. To record this period's use of a prepaid expense. C. To record this period's depreciation expense. D. To record receipt of unearned revenue. E. To record this period's earning of prior unearned revenue. F. To record an accrued expense. G. To record payment of an accrued expense. H. To record an accrued revenue. I. To record receipt of accrued revenue. 1. Interest Receivable 3,500 7. Cash 1,500 Interest Revenue 3,500 Accounts Receivable (from services) 1,500 2. Salaries Payable 9,000 8. Salaries Expense 7,000 Cash 9,000 Salaries Payable 7,000 3. Depreciation Expense 8,000 9. Cash 1,000 Accumulated Depreciation. 8,000 Interest Receivable 1,000 4. Cash 9,000 10. Unearned Revenue 9,000 Prepaid Rent Cash 3,000 3,000 5. Insurance Expense 4,000…arrow_forwardNonearrow_forwardPlease give me answer accountingarrow_forward
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