Corrected unadjusted trial balance : The corrected unadjusted trial balance is the summary of all the ledger accounts that appears on the ledger accounts after making adjusting journal entries. The corrected unadjusted trial balance is also known as adjusted trial balance. To prepare: A corrected unadjusted trial balance as of January 31, 2016.

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Answer 1

Question

Chapter 2, Problem 2.5BPR

1.

To determine

Corrected unadjusted trial balance:

The corrected unadjusted trial balance is the summary of all the ledger accounts that appears on the ledger accounts after making adjusting journal entries. The corrected unadjusted trial balance is also known as adjusted trial balance.

To prepare: A corrected unadjusted trial balance as of January 31, 2016.

2.

To determine

To Discuss: Whether the fact of the balancing of unadjusted trial balance in (1) means that there are no errors in the accounts.

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Please make a trial balance, adjusted trial balance, Income statement. end balance ,owners equity statement, Balance sheet , Cash flow statement ,Cash end balance

Activity Based Costing - practice problem Fontillas Instrument, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments and 300 pressure gauges were produced, and overhead costs of $89,500 were estimated. An analysis of estimated overhead costs reveals the following activities. Activities 1. Materials handling 2. Machine setups Cost Drivers Number of requisitions Number of setups Total cost $35,000 27,500 3. Quality inspections Number of inspections 27,000 $89.500 The cost driver volume for each product was as follows: Cost Drivers Instruments Gauge Total Number of requisitions 400 600 1,000 Number of setups 200 300 500 Number of inspections 200 400 600 Insructions (a) Determine the overhead rate for each activity. (b) Assign the manufacturing overhead costs for April to the two products using activity-based costing.

Bodhi Company has three cost pools and two doggie products (leashes and collars). The activity cost pool of ordering has the cost drive of purchase orders. The activity cost pool of assembly has a cost driver of parts. The activity cost pool of supervising has the cost driver of labor hours. The accumulated data relative to those cost drivers is as follows: Expected Use of Estimated Cost Drivers by Product Cost Drivers Overhead Leashes Collars Purchase orders $260,000 70,000 60,000 Parts 400,000 300,000 500,000 Labor hours 300,000 15,000 10,000 $960,000 Instructions: (a) Compute the activity-based overhead rates. (b) Compute the costs assigned to leashes and collars for each activity cost pool. (c) Compute the total costs assigned to each product.

Answer 2

Question

Chapter 2, Problem 2.5BPR

1.

To determine

Corrected unadjusted trial balance:

The corrected unadjusted trial balance is the summary of all the ledger accounts that appears on the ledger accounts after making adjusting journal entries. The corrected unadjusted trial balance is also known as adjusted trial balance.

To prepare: A corrected unadjusted trial balance as of January 31, 2016.

2.

To determine

To Discuss: Whether the fact of the balancing of unadjusted trial balance in (1) means that there are no errors in the accounts.

Expert Solution & Answer

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Answer 3

Question

Chapter 2, Problem 2.5BPR

1.

To determine

Corrected unadjusted trial balance:

The corrected unadjusted trial balance is the summary of all the ledger accounts that appears on the ledger accounts after making adjusting journal entries. The corrected unadjusted trial balance is also known as adjusted trial balance.

To prepare: A corrected unadjusted trial balance as of January 31, 2016.

2.

To determine

To Discuss: Whether the fact of the balancing of unadjusted trial balance in (1) means that there are no errors in the accounts.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 2, Problem 2.5BPR

1.

To determine

Corrected unadjusted trial balance:

The corrected unadjusted trial balance is the summary of all the ledger accounts that appears on the ledger accounts after making adjusting journal entries. The corrected unadjusted trial balance is also known as adjusted trial balance.

To prepare: A corrected unadjusted trial balance as of January 31, 2016.

2.

To determine

To Discuss: Whether the fact of the balancing of unadjusted trial balance in (1) means that there are no errors in the accounts.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 2, Problem 2.5BPR

1.

To determine

Corrected unadjusted trial balance:

The corrected unadjusted trial balance is the summary of all the ledger accounts that appears on the ledger accounts after making adjusting journal entries. The corrected unadjusted trial balance is also known as adjusted trial balance.

To prepare: A corrected unadjusted trial balance as of January 31, 2016.

2.

To determine

To Discuss: Whether the fact of the balancing of unadjusted trial balance in (1) means that there are no errors in the accounts.

Answer 6

Chapter 2, Problem 2.5BPR

1.

To determine

Corrected unadjusted trial balance:

The corrected unadjusted trial balance is the summary of all the ledger accounts that appears on the ledger accounts after making adjusting journal entries. The corrected unadjusted trial balance is also known as adjusted trial balance.

To prepare: A corrected unadjusted trial balance as of January 31, 2016.

Answer 7

Chapter 2, Problem 2.5BPR

1.

To determine

Corrected unadjusted trial balance:

The corrected unadjusted trial balance is the summary of all the ledger accounts that appears on the ledger accounts after making adjusting journal entries. The corrected unadjusted trial balance is also known as adjusted trial balance.

To prepare: A corrected unadjusted trial balance as of January 31, 2016.

Answer 8

2.

To determine

To Discuss: Whether the fact of the balancing of unadjusted trial balance in (1) means that there are no errors in the accounts.

Answer 9

2.

To determine

To Discuss: Whether the fact of the balancing of unadjusted trial balance in (1) means that there are no errors in the accounts.

Answer 10

Expert Solution & Answer

Answer 11

Expert Solution & Answer

Answer 12

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Answer 13

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Solution Summary: The author explains how to prepare a corrected unadjusted trial balance as of January 31, 2016.

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To Discuss: Whether the fact of the balancing of unadjusted trial balance in (1) means that there are no errors in the accounts.

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Chapter 2 Solutions