Loose Leaf for Cost Management: A Strategic Emphasis
8th Edition
ISBN: 9781260165180
Author: BLOCHER, Edward; Stout, David F.; Juras, Paul; Cokins, Gary
Publisher: McGraw-Hill Education
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Question
Chapter 11, Problem 30B.E
To determine
State the financial and strategic considerations of company for the given decision.
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I need help with this financial accounting question using the proper financial approach.
E4-8 Plevin Company ended its fiscal year on July 31, 2014. The company's adjusted trial
balance as of the end of its fiscal year is shown below.
PLEVIN COMPANY
Adjusted Trial Balance
July 31, 2014
(b) Tota
Journal
entries,
closing
(LO 2,
No.
Account Titles
Debit
Credit
101
Cash
$ 9,840
112
Accounts Receivable
8,780
157
Equipment
15,900
158
Accumulated Depreciation-Equip.
$ 7,400
201
Accounts Payable
4,220
208
Unearned Rent Revenue
1,800
301
Owner's Capital
45,200
306
Owner's Drawings
16,000
400
Service Revenue
64,000
6,500
429
Rent Revenue
711
Depreciation Expense
8,000
726
Salaries and Wages Expense
55,700
732
Utilities Expense
14,900
$129,120
$129,120
Instructions
(a) Prepare the closing entries using page J15.
(b) Post to Owner's Capital and No. 350 Income Summary accounts. (Use the three-column
form.)
(c) Prepare a post-closing trial balance at July 31.
General accounting question
Chapter 11 Solutions
Loose Leaf for Cost Management: A Strategic Emphasis
Ch. 11 - Prob. 1QCh. 11 - List at least four different decisions for which...Ch. 11 - What is the relevant cost when determining whether...Ch. 11 - List four to six strategic factors that are often...Ch. 11 - How do short-term evaluations affect a manager’s...Ch. 11 - List four or five important limitations of...Ch. 11 - How do strategic factors affect the proper use of...Ch. 11 - List some of the behavioral, implementation, and...Ch. 11 - How does the presence of one production constraint...Ch. 11 - What is the relationship, if any, between the...
Ch. 11 - Williams Auto has a machine that installs tires....Ch. 11 - Jackson Inc. disposes of other companies’ toxic...Ch. 11 - Durant Co. manufactures glass bottles for dairy...Ch. 11 - Sweet Dream Hotel has labor costs that are mostly...Ch. 11 - Lance’s Diner has a hot-lunch special each weekday...Ch. 11 - Prob. 16BECh. 11 - Prob. 17BECh. 11 - Prob. 18BECh. 11 - The external purchase price is $35 for a part that...Ch. 11 - Prob. 20BECh. 11 - Prob. 21ECh. 11 - Prob. 22ECh. 11 - Prob. 23ECh. 11 - Prob. 24ECh. 11 - Prob. 25ECh. 11 - Prob. 26ECh. 11 - Prob. 27ECh. 11 - Cantel Company produces cleaning compounds for...Ch. 11 - Prob. 29ECh. 11 - Make or Buy Terry Inc. manufactures machine parts...Ch. 11 - Prob. 30B.ECh. 11 - Asset Replacement An uninsured boat costing...Ch. 11 - Profit from Processing Further Deaton Corporation...Ch. 11 - Make vs. Buy (Sourcing Decision) Eggers Company...Ch. 11 - Prob. 30FECh. 11 - Special-Order Pricing Barry’s Bar-B-Que is a...Ch. 11 - Prob. 32PCh. 11 - Prob. 33PCh. 11 - Prob. 34PCh. 11 - Prob. 35PCh. 11 - Prob. 36PCh. 11 - Prob. 37PCh. 11 - Prob. 38PCh. 11 - Prob. 39PCh. 11 - Prob. 40PCh. 11 - Prob. 41PCh. 11 - GianAuto Corporation manufactures parts and...Ch. 11 - Prob. 45PCh. 11 - Prob. 46PCh. 11 - Prob. 47PCh. 11 - Home Service Company offers monthly service plans...
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