Solutions for Horngren's Financial & Managerial Accounting (5th Edition)
Problem 1QC:
The detailed record of the changes in a particular asset, liability, or stockholders equity is...Problem 2QC:
Which of the following accounts is a liability? a. Accounts Receivable b. Service Revenue c....Problem 3QC:
The left side of an account is used to record which of the following? a. Debit or credit, depending...Problem 4QC:
Which of the following statements is correct? a. Prepaid Expenses are decreased with a debit. b....Problem 9QC:
Which sequence correctly summarizes the accounting process? a. Journalize transactions, post to the...Problem 10QC:
Nathville Laundry reported assets of 800 and equity of 480. What is Nathvilles debt ratio? a. 60% b....Problem 1RQ:
Identify the three categories of the accounting equation, and list at least four accounts associated...Problem 2RQ:
What is the purpose of the chart of accounts? Explain the numbering typically associated with the...Problem 3RQ:
What does a ledger show? Whats the difference between a ledger and the chart of accounts?Problem 9RQ:
What are source documents? Provide examples of source documents that a business might use.Problem 14RQ:
What is the purpose of the trial balance?Problem 16RQ:
If total debits equal total credits on the trial balance, is the trial balance error-free? Explain...Problem 2.1SE:
Identifying accounts Consider the following accounts: a. Notes Receivable b. Common Stock c. Prepaid...Problem 2.2SE:
Identifying increases and decreases in accounts For each account, identify whether the changes would...Problem 2.3SE:
Identifying normal balances For each account, identify whether the normal balance is a debit (DR) or...Problem 2.5SE:
Journalizing transactions Arkansas Sales Consultants completed the following transaction s during...Problem 2.8SE:
Preparing a trial balance Henderson Floor Coverings reported the fo1lowing summarized data at...Problem 2.9SE:
Calculating debt ratio Vacuum Magic Carpet Care had the following total assets, liabilities, and...Problem 2.10E:
Using accounting vocabulary March the accounting terms with the corresponding definitions. 1....Problem 2.11E:
Creating a chart of accounts Raymond Autobody Shop has the following accounts: Accounts Payable Cash...Problem 2.12E:
Identifying accounts, increases in accounts, and normal balances a. Interest Revenue b. Accounts...Problem 2.13E:
Identifying increases and decreases in accounts and normal balances Insert the missing information...Problem 2.14E:
Identifying source documents For each transaction, identify a possible source document. a. The...Problem 2.15E:
Analyzing and journalizing transactions As the manager of Margarita Mexican Restaurant, you must...Problem 2.16E:
Use the following information to answer Exercises E2-16 and E2-17. The following transactions...Problem 2.17E:
Use the following information to answer Exercises E2-16 and E2-17. The following transactions...Problem 2.18E:
Use the following information to answer Exercises E2-18 and E2-19. The following transactions...Problem 2.19E:
Use the following information to answer Exercises E2-18 and E2-19. The following transactions...Problem 2.20E:
Analyzing transactions from T-accounts The first nine transactions of North-West Airplane Repair...Problem 2.21E:
Journalizing transactions from T-accounts In December 2 016, the first five transactions of Atkins...Problem 2.22E:
Preparing a trial balance The accounts of Aker Moving Company follow with their normal balances as...Problem 2.23E:
Preparing a trial balance from T-accounts The T-accounts of Morris Farm Equipment Repair follow as...Problem 2.24E:
Journalizing transactions, posting journal entries to four-column accounts, and preparing a trial...Problem 2.27E:
Correcting errors in a trial balance The following trial balance of Carla Madock Tutoring Service as...Problem 2.29AP:
Problems Group A Journalizing transactions, posting journal entries to T-accounts, and preparing a...Problem 2.30AP:
Journalizing transactions, posting journal entries to T-accounts, and preparing a trial balance...Problem 2.31AP:
Journalizing transactions, posting journal entries to four-column accounts, and preparing a trial...Problem 2.32AP:
Journalizing transactions, posting journal entries to four-column accounts, and preparing a trial...Problem 2.33AP:
Correcting errors in a trial balance The trial balance of Creative Child Care does not balance. The...Problem 2.34AP:
Preparing financial statements from the trial balance and calculating the debt ratio The trial...Problem 2.35BP:
Journalizing transactions, posting journal entries to T-accounts, and preparing a trial balance Vito...Problem 2.36BP:
Journalizing transactions, posting journal entries to T-accounts, and preparing a trial balance Deb...Problem 2.37BP:
Journalizing transactions, posting journal entries to four-column accounts, and preparing a trial...Problem 2.41CP:
Journalizing transactions, posting to T-accounts, and preparing a trial balance Problem P2-41...Problem 2.42PS:
Journalizing transactions, posting to T-accounts, and preparing a trial balance Consider the...Problem 2.1CTDC:
Your friend, Dean McChesney, requested that you advise him on the effects that certain transactions...Browse All Chapters of This Textbook
Chapter 1 - Accounting And The Business EnvironmentChapter 2 - Recording Business TransactionsChapter 3 - The Adjusting ProcessChapter 4 - Completing The Accounting CycleChapter 5 - Merchandising OperationsChapter 6 - Merchandise InventoryChapter 7 - Internal Control And CashChapter 8 - ReceivablesChapter 9 - Plant Assets, Natural Resources, And IntangiblesChapter 10 - Investments
Book Details
Expanding on Proven Success with Horngren's Financial and Managerial Accounting
Horngren's Financial and Managerial Accounting presents the core content of the accounting course in a fresh format designed to help today's learners succeed. The Eleventh Edition expands on the proven success of the significant revision to the Horngren franchise and uses what the authors have learned from focus groups, market feedback, and colleagues to create livelier classrooms, provide meaningful learning tools, and give professors resources to help students inside and outside the class. First, the authors ensured that content was clear, consistent, and above all, accurate. Every chapter is reviewed to ensure that students understand what they are reading and that there is consistency from chapter to chapter. The author team worked every single accounting problem and employed a team of accounting professors from across the nation to review for accuracy. This edition continues the focus on student success and provides resources for professors to create an active and engaging classroom.
Horngren's Financial and Managerial Accounting presents the core content of the accounting course in a fresh format designed to help today's learners succeed. The Eleventh Edition expands on the proven success of the significant revision to the Horngren franchise and uses what the authors have learned from focus groups, market feedback, and colleagues to create livelier classrooms, provide meaningful learning tools, and give professors resources to help students inside and outside the class. First, the authors ensured that content was clear, consistent, and above all, accurate. Every chapter is reviewed to ensure that students understand what they are reading and that there is consistency from chapter to chapter. The author team worked every single accounting problem and employed a team of accounting professors from across the nation to review for accuracy. This edition continues the focus on student success and provides resources for professors to create an active and engaging classroom.
Sample Solutions for this Textbook
We offer sample solutions for Horngren's Financial & Managerial Accounting (5th Edition) homework problems. See examples below:
Explanation: Explanation for correct answer: Accounting system includes the following activities:...Chapter 2, Problem 1QCChapter 3, Problem 1QCChapter 4, Problem 1QCChapter 5, Problem 1QCChapter 6, Problem 1QCInternal control: Internal control is a process which ensures continuous reliability of...Explanation: a. Account for cash payment: If the person who handles cash, controls accounts for cash...Explanations: The expenses that are incurred to increase the efficiency of the building or increase...
Justification for incorrect answers: Option a. Significant interest investments are the equity...Explanation for correct answer: The estimated amounts of a transaction which is occurred in the past...Chapter 12, Problem 1QCExplanation for correct answer: A corporation is entitled to double taxation. The corporation is...Chapter 14, Problem 1QCChapter 15, Problem 1QCExplanation for incorrect answer: Option a is incorrect as flexibility is about where organization...
More Editions of This Book
Corresponding editions of this textbook are also available below:
HORNGREN'S ACCOUNTING (W/MYLAB)
13th Edition
ISBN: 9780136973829
In-service training: philosophy, processes, and operational techniques
12th Edition
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EP HORNGREN'S FINAN.+MGRL.ACCT.-ACCESS
7th Edition
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Pearson eText Horngren's Financial & Managerial Accounting: The Financial Chapters -- Instant Access (Pearson+)
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MYLAB ACCOUNTING WITH PEARSON ETEXT --
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Horngren's Financial & Managerial Accounting
7th Edition
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Horngren's Financial & Managerial Accounting, The Managerial Chapters, Student Value Edition (5th Edition)
5th Edition
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Horngren's Financial & Managerial Accounting, The Financial Chapters (Book & Access Card)
5th Edition
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5th Edition
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Horngren's Financial & Managerial Accounting, The Financial Chapters Plus MyLab Accounting with Pearson eText -- Access Card Package (6th Edition)
6th Edition
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Horngren's Financial & Managerial Accounting, The Managerial Chapters, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (6th Edition)
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MyLab Accounting with Pearson eText -- Access Card -- for Horngren's Financial & Managerial Accounting
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MyLab Accounting with Pearson eText -- Access Card -- for Horngren's Financial & Managerial Accounting, The Managerial Chapters
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Horngren's Financial & Managerial Accounting, The Managerial Chapters Plus MyLab Accounting with Pearson eText - Access Card Package (6th Edition)
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MYLAB ACCOUNTING NEW DESIGN WITH ETEXT
6th Edition
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Horngren's Financial & Managerial Accounting, The Financial Chapters (6th Edition)
6th Edition
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FINANCIAL+MANG.ACCT.
13th Edition
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