Financial Accounting15th EditionCarl Warren, James M. Reeve, Jonathan Duchac Publisher: Cengage LearningISBN: 9781337272124
Financial Accounting
Solutions for Financial Accounting
Problem 1DQ:
Why would a company maintain separate accounts receivable ledgers for each customer, as opposed to...Problem 3DQ:
In recording 400 fees earned on account during a single month, how many times will it be necessary...Problem 4DQ:
How many postings to Fees Earned for the month would be needed in Discussion Question 3 if the...Problem 5DQ:
During the current month, the following errors occurred in recording transactions in the purchases...Problem 6DQ:
Assuming the use of a two-column general journal, a purchases journal, and a cash payments journal...Problem 9DQ:
What happens to the special journal in a computerized accounting system that uses electronic forms?Problem 1PEA:
The following revenue transactions occurred during August: Record these three transactions in the...Problem 2PEA:
The debits and credits from two transactions are presented in the following customer account:...Problem 2PEB:
The debits and credits from two transactions are presented in the following customer account:...Problem 3PEA:
The following purchase transactions occurred during October for K-Town Inc.: Record these...Problem 3PEB:
The following purchase transactions occurred during March for Celebration Catering Service: Record...Problem 4PEA:
The debits and credits from two transactions are presented in the following creditors (suppliers)...Problem 5PEA:
McHale Company does business in two customer segments, Retail and Wholesale. The following annual...Problem 1E:
Using the following revenue journal for Bowman Cleaners Inc., identify each of the posting...Problem 2E:
Based on the data presented in Exercise 5-1, assume that the beginning balances for the customer...Problem 3E:
Assuming the use of a two-column (all-purpose) general journal, a revenue journal, and a cash...Problem 4E:
Assuming the use of a two-column (all-purpose) general journal, a purchases journal, and a cash...Problem 5E:
The debits and credits from three related transactions are presented in the following customers...Problem 6E:
Horizon Consulting Company had the following transactions during the month of October: a. Record the...Problem 7E:
The revenue journal for Sapling Consulting Inc. follows. The accounts receivable controlling account...Problem 9E:
Transactions related to revenue and cash receipts completed by Sycamore Inc. during the month of...Problem 10E:
Lasting Summer Inc. has 2,510 in the October 1 balance of the accounts receivable account consisting...Problem 11E:
Using the following purchases journal, identify each of the posting references, indicated by a...Problem 14E:
Guardian Services Inc. had the following transactions during the month of April: a. Record the June...Problem 16E:
The cash payments and purchases journals for Outdoor Artisan Landscaping follow. The accounts...Problem 17E:
Transactions related to purchases and cash payments completed by Wisk Away Cleaning Services Inc....Problem 18E:
Happy Tails Inc. has a September 1, 20Y4, accounts payable balance of 620, which consists of 320 due...Problem 19E:
After Bunker Hill Assay Services Inc. had completed all postings for March in the current year...Problem 22E:
Most computerized accounting systems use electronic forms to record transaction information, such as...Problem 24E:
For each of the following companies, determine what they primarily sell and whether their e-commerce...Problem 1PA:
Sage Learning Centers was established on July 20 to provide educational services. The services...Problem 2PA:
Transactions related to revenue and cash receipts completed by Crowne Business Services Co. during...Problem 3PA:
Sterling Forest Landscaping designs and installs landscaping. The landscape designers and office...Problem 5PA:
The transactions completed by Revere Courier Company during December, the first month of the fiscal...Problem 1PB:
Guardian Security Services was established on January 15 to provide security services. The services...Problem 2PB:
Transactions related to revenue and cash receipts completed by Sterling Engineering Services during...Problem 3PB:
Plumb Line Surveyors provides survey work for construction projects. The office staff use office...Problem 5PB:
The transactions completed by AM Express Company during March, the first month of the fiscal year,...Problem 1CP:
Ethics in Action Netbooks Inc. provides accounting applications for business customers on the...Problem 4CP:
The following conversation took place between Durable Construction Co.s bookkeeper, Kyle Byers, and...Browse All Chapters of This Textbook
Chapter 1 - Introduction To Accounting And BusinessChapter 2 - Analyzing TransactionsChapter 3 - The Adjusting ProcessChapter 4 - Completing The Accounting CycleChapter 5 - Accounting SystemsChapter 6 - Accounting For Merchandising BusinessesChapter 7 - InventoriesChapter 8 - Internal Control And CashChapter 9 - ReceivablesChapter 10 - Long-term Assets: Fixed And Intangible
Chapter 11 - Current Liabilities And PayrollChapter 12 - Accounting For Partnerships And Limited Liability CompaniesChapter 13 - Corporations: Organization, Stock Transactions, And DividendsChapter 14 - Long-term Liabilities: Bonds And NotesChapter 15 - Investments And Fair Value AccountingChapter 16 - Statement Of Cash FlowsChapter 17 - Financial Statement AnalysisChapter MJ - Mornin's JoeChapter B - International Financial Reporting Standards (ifrs)
Book Details
Gain a solid foundation in financial accounting to ensure you are prepared for future business courses and the real world with Warren/Reeve/Duchac's market-leading Financial Accounting, 15E and CengageNOWv2. This edition helps you connect concepts to the bigger picture with features such as the new chapter opening schema that allows you to see how each chapter's specific content fits within the overall framework of the book. A focus on why accounting is important to business and a prosperous society is reinforced throughout with Why It Matters Concept Clip animations in CengageNOWv2 and a new CengageNOWv2 Journal Entry Tool that illustrates the impact of transactions on the accounting equation. In addition, the Warren/Reeve/Duchac hallmark accounting cycle coverage provides unmatched foundation so you are prepared to succeed in later chapters.
Sample Solutions for this Textbook
We offer sample solutions for Financial Accounting homework problems. See examples below:
Users of accounting information: People who rely on accounting information to make best decisions or...Chapter 1, Problem 3PEAChapter 1, Problem 3PEBChapter 1, Problem 20EChapter 1, Problem 5PAChapter 1, Problem 6PAChapter 1, Problem 5PBChapter 1, Problem 6PBChapter 2, Problem 1DQ
Chapter 2, Problem 2PAChapter 2, Problem 3PAChapter 2, Problem 4PAChapter 2, Problem 3PBChapter 2, Problem 4PBChapter 2, Problem 1COPChapter 3, Problem 1DQChapter 3, Problem 3PAChapter 3, Problem 4PAChapter 3, Problem 5PAChapter 3, Problem 3PBChapter 3, Problem 4PBChapter 3, Problem 5PBChapter 3, Problem 1COPSpreadsheet: A spreadsheet is a worksheet. It is used while preparing a financial statement. It is a...Chapter 4, Problem 3PAChapter 4, Problem 4PAChapter 4, Problem 5PAChapter 4, Problem 4PBChapter 4, Problem 5PBChapter 4, Problem 1COPChapter 4, Problem 1CPPChapter 5, Problem 1DQChapter 5, Problem 2PAChapter 5, Problem 3PAGeneral Ledger: General ledger refers to the ledger that records all the transactions of the...Chapter 5, Problem 2PBChapter 5, Problem 3PBGeneral Ledger: General ledger refers to the ledger that records all the transactions of the...The following table shows the differences between a merchandising business and service business....Chapter 6, Problem 1PAChapter 6, Problem 2PAPerpetual Inventory System refers to the Merchandise Inventory system that maintains the detailed...Chapter 6, Problem 4PAChapter 6, Problem 1PBChapter 6, Problem 2PBChapter 6, Problem 3PBChapter 6, Problem 4PBChapter 6, Problem 2CPPInventory: Inventory refers to the raw materials, work in progress, and finished goods that are held...Chapter 7, Problem 21EChapter 7, Problem 3PAChapter 7, Problem 4PAChapter 7, Problem 5PAChapter 7, Problem 4PBChapter 7, Problem 5PBInventory turnover ratio: Inventory turnover ratio is used to determine the number of times...Internal Control: Internal control refers to the policies, and plans of the business organization...Petty cash fund: Petty cash fund is a fund established to pay insignificant amounts like postage,...Petty cash fund: Petty cash fund is a fund established to pay insignificant amounts like postage,...Bank reconciliation: Bank statement is prepared by bank. The company maintains its own records from...Bank reconciliation: Bank statement is prepared by bank. The company maintains its own records from...Chapter 9, Problem 1DQChapter 9, Problem 13EChapter 9, Problem 14EChapter 9, Problem 1PAChapter 9, Problem 4PANote receivable: Note receivable refers to a written promise received by the creditor from the...Chapter 9, Problem 1PBChapter 9, Problem 4PBChapter 10, Problem 1DQFixed Asset turnover: It is a ratio that measures the productive capacity of the fixed assets to...Chapter 10, Problem 2PAChapter 10, Problem 3PAChapter 10, Problem 5PAChapter 10, Problem 2PBChapter 10, Problem 3PBDisposal of Assets: Disposal is an activity of selling the worn-out assets that is no longer in need...Chapter 11, Problem 1DQChapter 11, Problem 1PAChapter 11, Problem 3PALiabilities: Liabilities are debt and obligations of a business. These are the claims against the...Chapter 11, Problem 2PBChapter 11, Problem 3PBThe following are the journal entries. 20Y5ParticularsDebit ($)Credit ($)January3Petty Cash4,500...Proprietorships: Proprietorship is a form of organization, which is owned by an individual, called...Working Notes for determining the division of net income between partner M and G under different...Working Note 1: Calculation of Allowances for Doubtful Accounts – Allowance for doubtful debt is to...Chapter 12, Problem 5PAWorking note 1 Calculation of division of realization Profit among partners: The following table...Working Notes 1: Calculation of Allowances for Doubtful Accounts – Allowance for doubtful debt is to...Chapter 12, Problem 6PBChapter 13, Problem 1DQChapter 13, Problem 10EChapter 13, Problem 3PACommon stock: These are the ordinary shares that a corporation issues to the investors in order to...Chapter 13, Problem 5PAChapter 13, Problem 4PBCommon stock: These are the ordinary shares that a corporation issues to the investors in order to...Chapter 14, Problem 1DQChapter 14, Problem 2PAChapter 14, Problem 3PAChapter 14, Problem 4PABonds: Bonds are long-term promissory notes that are represented by a company while borrowing money...Chapter 14, Problem 2PBChapter 14, Problem 3PBChapter 14, Problem 4PBChapter 15, Problem 1DQChapter 15, Problem 1PAChapter 15, Problem 2PAChapter 15, Problem 3PAChapter 15, Problem 1PBTrading securities: These are short-term investments in debt and equity securities with an intention...Chapter 15, Problem 3PBStatement of cash flows: It is one of the financial statement that shows the cash and cash...Chapter 16, Problem 17EStatement of cash flows: It is one of the financial statement that shows the cash and cash...Chapter 16, Problem 22EChapter 16, Problem 23EChapter 16, Problem 3PAChapter 16, Problem 1PBFinancial Ratios: Financial ratios are the metrics used to evaluate the liquidity, solvency,...Chapter 17, Problem 3PAChapter 17, Problem 4PAChapter 17, Problem 5PAChapter 17, Problem 3PBFinancial Ratios: Financial ratios are the metrics used to evaluate the capabilities, profitability,...Chapter 17, Problem 5PBChapter 17, Problem 1FSAGenerally Accepted Accounting Principles (GAAP): These are the guidelines necessary to create...International Financial Reporting Standards (IFRS): IFRS are a set of international accounting...Chapter B, Problem 1DQ
More Editions of This Book
Corresponding editions of this textbook are also available below:
Financial Accounting
5th Edition
ISBN: 9780538829465
Financial Accounting
13th Edition
ISBN: 9781133607618
Financial Accounting
13th Edition
ISBN: 9781285606873
Acct 1100: Chapter 1-9 Financial Accounting
24th Edition
ISBN: 9781285007939
EBK FINANCIAL ACCOUNTING
14th Edition
ISBN: 9780100546653
Financial Accounting
14th Edition
ISBN: 9781305088436
Financial Accounting
14th Edition
ISBN: 9781305534087
Cengagenow For Financial Accounting
14th Edition
ISBN: 9781305500143
Financial Accounting (Loose Leaf)
14th Edition
ISBN: 9781305088443
Bundle: Financial Accounting, Loose-Leaf Version, 14th + CengageNOWv2, 1 term Printed Access Card (2)
14th Edition
ISBN: 9781305777934
Financial Accounting
12th Edition
ISBN: 9780538479950
FINANCIAL ACCOUNTING (LL)-W/CENGAGENOWV2
16th Edition
ISBN: 9780357499955
FINANCIAL ACCOUNTING LL W/CENGAGE NOW
16th Edition
ISBN: 9780357499948
FINANCIAL ACCOUNTING
16th Edition
ISBN: 9780357538753
Financial Accounting
16th Edition
ISBN: 9781337913263
Financial Accounting
16th Edition
ISBN: 9781337913102
Bundle: Financial Accounting, Loose-Leaf Version, 15th + LMS Integrated CengageNOWv2, 1 term Printed Access Card
15th Edition
ISBN: 9781337587549
Financial Accounting - With Cengagenow
15th Edition
ISBN: 9781337587495
Financial Accounting (Looseleaf)
15th Edition
ISBN: 9781337272254
FINAN.ACCOUNTING-W/DGT ACCESS (LOOSE)
15th Edition
ISBN: 9781337587488
FINANCIAL ACCOUNTING
15th Edition
ISBN: 9781337885928
EBK FINANCIAL ACCOUNTING
15th Edition
ISBN: 8220103648639
CENGAGENOWV2 FOR WARREN/REEVE/DUCHAC S
15th Edition
ISBN: 9781337272346
Financial Accounting
15th Edition
ISBN: 9781337515504
Bundle: Financial Accounting, Loose-Leaf Version, 15th + CengageNOWv2, 1 term Printed Access Card
15th Edition
ISBN: 9781337587501
Cengagenowv2, 1 Term Printed Access Card For Warren/reeve/duchac's Financial Accounting, 15th
15th Edition
ISBN: 9781337272353
International Edition---financial Accounting, 10th Edition
10th Edition
ISBN: 9780324366082
Working Papers, Financial Accounting
8th Edition
ISBN: 9780324067637
Financial Accounting -with Cd
11th Edition
ISBN: 9780324806113
Related Accounting Textbooks with Solutions
Still sussing out bartleby
Check out a sample textbook solution.
