Financial Accounting
Financial Accounting
17th Edition
ISBN: 9781259692390
Author: Jan Williams, Susan Haka, Mark S Bettner, Joseph V Carcello
Publisher: McGraw-Hill Education
Question
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Chapter 3, Problem 12E

a.

To determine

Prepare journal entries for these transactions.

b.

To determine

Post each transaction to the appropriate ledger accounts.

c.

To determine

Prepare a trial balance dated February 28, current year.

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4) 10% - A) 5% -For the year 2024, the marketing managers project semi-annual sales of 90,000 for product A, 50,000 for product B, and 60,000 for product C. Average selling prices are estimated at $4 per product A, $6 per product B and $5 for product C. Prepare a revenue budget for the year ending December 31, 2024. B) 5% - The company begins 2024 with 100,000 finished units of A in inventory. The vice president of operations requests that ending inventory on December 31 of product A, be not less that 70,000 units. Based on sales projections of 100,000 units, prepare a production budget for product A for 2024.
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