Question

blem 3 Problem 4 Problem 5 Table 1 includes wind speed data from a weather station. For some technical reasons, data could not be recorded on the 10th, 18th, 34th, 35th, and 36th days. a) Plot an XY chart with labels and titles and obtain the best fit for the given wind speed data b) Interpolate the data for the 10th and 18th date c) Forecast the data for the 34th, 35th, and 36th days (25 points) Table 1 Weather Station wind speed data Wind s (m/s) Day 12.2 13 9.9 8.9 9.9 10.9 8.4 10.5 10.1 8.8 29 8.5 34

Answer 1

	1
		Date	Transaction	P.R.	DR	CR
		12-Jan	Cash		$25,000
			To Capital			$25,000
			(Being SSC is organised and received Capital)
		12-Feb	Office Supplies		$300
			To Cash			$300
			(Being office supplies purchased)
		12-Apr	Real Estate		$10,000
			To Cash			$10,000
			(Being Land purchased as Long Term Investments)
		12-Jun	Inventory		$60,000
			To Panasonic Corporation			$60,000
			(Being goods purchased)
		12-Aug	COGS		$48,000
			To Inventory			$48,000
			(Being $48000 worth of goods sold)
		12-Aug	Accounts Receivable		$80,000
			To Sales			$80,000
			(Being goods sold recorded)
		12-Oct	Cash		$70,000
			To Accounts Receivable			$70,000
			(Being Cash received for goods sold)
		12-Nov	Panasonic Corporation		$40,000
			To Cash			$40,000
			(Being cash paid to Panasonic on account)
		12-Dec	Wages Expenses		$16,500
			To Wages Payable			$16,500
			(Being wages payable)
		14-Dec	Rent Expenses		$4,800
			To Cash			$4,800
			(Being rental expenses paid)
		19-Dec	Miscellaneous Expenses		$520
			To Cash			$520
			(Being miscellaneous expenses reimbursed to employees)
		23-Dec	Wages Payable		$16,500
			To Cash			$16,500
			(Being wages paid)
		31-Dec	Supplies Expenses		$200
			To Supplies			$200
			(Being supplies expenses recorded)
		2	T-Accounts for SSC
		1	Cash
			Capital	$25,000	Office Supplies	$300
			Cash	$70,000	Real Estate	$10,000
					Accounts Payable	$40,000
					Rent Expense	$4,800
					Misc Expense	$520
					Wages Payable	$16,500
					Bal	$22,880
				$95,000		$95,000
		2	Real Estate
			Cash	$10,000
					Bal	$10,000
				$10,000		$10,000
		3	Inventory
			Panasonic Corporation	$60,000	COGS	$48,000
					Bal	$12,000
				$60,000		$60,000
		4	Accounts Receivable
			Sales	$80,000	Cash	$70,000
					Bal	$10,000
				$80,000		$80,000
		5	Accounts Payable
			Cash	$40,000	Inventory	$60,000
			Bal	$20,000
				$60,000		$60,000
		6	Capital
			Bal	$25,000	Cash	$25,000
				$25,000		$25,000
		7	Wages Expense
			Wages Payable	$16,500	Bal	$16,500
				$16,500		$16,500
		8	Sales
			Bal	$80,000	Accounts Receivable	$80,000
				$80,000		$80,000
		9	Rent Expense
			Cash	$4,800	Bal	$4,800
				$4,800		$4,800
		10	COGS
			Inventory	$48,000	Bal	$48,000
				$48,000		$48,000
		11	MISC Expense
			To Cash	$520	Bal	$520
				$520		$520
		12	Wages Payable
			Cash	$16,500	Wages Expenses	$16,500
				$16,500		$16,500
		13	Supplies
			Cash	$300	Supplies	$200
					Bal	$100
				$300		$300
		14	Supply Expense
			Supplies	$200	Bal	$200
				$200		$200
			SSC's Corporation
			Trial Balance as on 31st Dec
					Debit	Credit
			Cash		$22,880
			Real Estate		$10,000
			Inventory		$12,000
			Accounts Receivable		$10,000
			Accounts Payable			$20,000
			Capital			$25,000
			Wages Expenses		$16,500
			Sales			$80,000
			Rent Expense		$4,800
			COGS		$48,000
			MISC Expense		$520
			Supplies		$100
			Supply Expense		$200
			Total		$125,000	$125,000
			SSC's Corporation
			Income Statement for the year ended 31st Dec
			Sales			$80,000
			Less : COGS			$48,000
			Gross Profit			$32,000
			Less : Wages Expense		$16,500
			Rent Expense		$4,800
			MISC Expense		$520
			Supplies Expense		$200	$22,020
			Net Profit			$9,980
			SSC's Corporation
			Balance Sheet as on 31st Dec
			Assets
			Cash	$22,880
			Accounts Receivable	$10,000
			Inventory	$12,000
			Supplies	$100
			Current Assets	$44,980
			Real Estate	$10,000
			Total Assets	$54,980
			Liabilities
			Accounts Payable	$20,000
			Capital	$25,000
			Additions from P/L	$9,980
			Total Liabilities and Equity	$54,980