Need help on Dec 31 2015, I
don't know where the 167100, 149925, and 162975 come from
Homework Answers
Ans.
The Solution seems wrong, it should have been straight forward distribution on the given ratio of 3:2:5
ie
- Buckner - 480000*.3= 144000
- Kwan- 480000*.2= 96000
- Nguen- 480000*.5= 240000
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Need help on Dec 31 2015, I don't know where the 167100, 149925, and 162975 come...
Need help with 2016 Dec 31 journal entry. More Info 2014 Jun 10 Adam Buckner and...
Need help with 2016 Dec 31
journal entry.
More Info 2014 Jun 10 Adam Buckner and Amber Kwan have agreed to pool their assets and form a partnership to be called B&K Consuting. They agree to share all profits equally and make the following initial investments Cash Accounts receivable (net) Office furniture Buckner $ 15,000 33,000 36,000 Kwan 30,000 27,000 24,000 Dec 31 The partnership's reported net income was $195,000 for the year ended December 31, 2014 2015 Jan 1...
x x B . IF Dec 31, 2015 Dec 31, 2014 $ 1,972 1,465 2,020 $...
x x B . IF Dec 31, 2015 Dec 31, 2014 $ 1,972 1,465 2,020 $ 2,088 1,217 2,297 119 379 318 925 534 318 1,987 1,078 796 701 Consolidated Balance Sheets - USD ($) $ in Millions 2 Current Assets: 3 Cash and cash equivalents 4 Short-term investments Accounts receivable, net of an allowance for uncollectible accounts of $9 and $11 at December 31, 5 2015 and 2014, respectively 6 Hedge margin receivable 7 Fuel inventory Expendable parts and...
Dec 31, 2015 Dec. 31, 2014 $ 1,972 1,465 2,020 $ 2,088 1,217 2,297 119 925...
Dec 31, 2015 Dec. 31, 2014 $ 1,972 1,465 2,020 $ 2,088 1,217 2,297 119 925 379 534 318 318 1,987 1,078 796 701 Consolidated Balance Sheets - USD ($) $ in Millions 2 Current Assets: 3 Cash and cash equivalents 4 Short-term investments Accounts receivable, net of an allowance for uncollectible accounts of $9 and $11 at 5 December 31, 2015 and 2014, respectively 6 Hedge margin receivable 7 Fuel inventory Expendable parts and supplies inventories, net of an...
I completed the beginning of the packet but need help on the blank pages On Dec....
I completed the beginning of the packet but need help on the
blank pages
On Dec. 1, 2014, Pete Fiore opened Fiore Consulting Services, Inc. He provides marketing seminars guaranteed to increase sales by 5%. The first fiscal (calendar) year will end December 31, 2014 salaried employee was hired on December 1, 2014. No benefits accrue for six months Mr. Fiore does not take a salary at this time. During the month, he completed the following transactions for the company:...
I need to know how to do this? where do I draw the info from? Dec....
I need to know how to do this? where do I draw the
info from?
Dec. 1 On December 1, Chas Taylor forms a consulting business, named Fast Forward. FastForward receives $30,000 cash from Chas Taylor in exchange for common stock. Dec. 2 Fast Forward pays $2,500 cash for supplies. The company's policy is to record all prepaid expenses in asset accounts. Dec. 3 Fast Forward pays $26,000 cash for equipment. Dec. 4 FastForward purchases $7,100 of supplies on credit...
083 Xx Dec 31, 2015 Dec 31, 2014 $ 390 5,864 695 1,425 863 748 9,985...
083 Xx Dec 31, 2015 Dec 31, 2014 $ 390 5,864 695 1,425 863 748 9,985 $ 994 6,309 774 1,771 1,004 898 11,750 28,213 Consolidated Balance Sheets - USD ($) $ in Millions 2 Current assets 3 Cash 4 Short-term investments 5 Restricted cash and short-term investments 6 Accounts receivable, net 7 Aircraft fuel, spare parts and supplies, net 8 Prepaid expenses and other 9 Total current assets 10 Operating property and equipment 11 Flight equipment 12 Ground property...
please help Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000...
please help
Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000 $10,000 Accounts Receivable (net) 95,000 70,000 53,000 Inventory 81,000 71,000 53,000 Other current assets 65,000 49,000 61,000 Long-term investments 120,000 76,000 50,000 Property, Plant & Equipment (net) 598,000 345,000 315.000 Total Assets $991,000 $630,000 $542,000 $71,500 245.000 316,500 $56,000 75.000 131,000 $65,000 78,000 143,000 Liabilities & Shareholders' Equity Liabilities Current Liabilities Non-current liabilities Total Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity...
Dec 31, 2015 Dec 31, 2014 $ 390 5,864 695 1,425 863 748 9,985 $ 994...
Dec 31, 2015 Dec 31, 2014 $ 390 5,864 695 1,425 863 748 9,985 $ 994 6,309 774 1,771 1,004 898 11,750 Consolidated Balance Sheets - USD ($) $ in Millions 2 Current assets 3 Cash 4 Short-term investments 5 Restricted cash and short-term investments 6 Accounts receivable, net 7 Aircraft fuel, spare parts and supplies, net 8 Prepaid expenses and other 9 Total current assets 10 Operating property and equipment 11 Flight equipment 12 Ground property and equipment 13...
Rhoades Tax Services began business on December 1, 2015. Its December transactions are as follows. Dec....
Rhoades Tax Services began business on December 1, 2015. Its December transactions are as follows. Dec. Rhoades invested $20,000 in the business in exchange for common stock. 2 Paid $1,200 cash for December rent to Bomba Realty. 2 Purchased $1,080 of supplies on account. 3 Purchased $9,500 of office equipment; paying $4,700 cash with the balance due in 30 days. 8 Paid $1,080 cash on account for supplies purchased December 2 14 Paid $900 cash for assistant's wages for 2...
Rhoades Tax Services began business on December 1, 2015. Its December transactions are as follows. Dec Rhoade...
Rhoades Tax Services began business on December 1, 2015. Its December transactions are as follows. Dec Rhoades invested $20,000 in the business in exchange for common stock. Paid $1,200 cash for December rent to Bomba Realty. 2 Purchased $1,080 of supplies on account. 2 Purchased $9,500 of office equipment; paying $4,700 cash with the balance due in 30 days. Paid $1,080 cash on account for supplies purchased December 2. 14 Paid $900 cash for assistant's wages for 2 weeks' work...
Need help with 2016 Dec 31
journal entry.
More Info 2014 Jun 10 Adam Buckner and Amber Kwan have agreed to pool their assets and form a partnership to be called B&K Consuting. They agree to share all profits equally and make the following initial investments Cash Accounts receivable (net) Office furniture Buckner $ 15,000 33,000 36,000 Kwan 30,000 27,000 24,000 Dec 31 The partnership's reported net income was $195,000 for the year ended December 31, 2014 2015 Jan 1...
x x B . IF Dec 31, 2015 Dec 31, 2014 $ 1,972 1,465 2,020 $ 2,088 1,217 2,297 119 379 318 925 534 318 1,987 1,078 796 701 Consolidated Balance Sheets - USD ($) $ in Millions 2 Current Assets: 3 Cash and cash equivalents 4 Short-term investments Accounts receivable, net of an allowance for uncollectible accounts of $9 and $11 at December 31, 5 2015 and 2014, respectively 6 Hedge margin receivable 7 Fuel inventory Expendable parts and...
Dec 31, 2015 Dec. 31, 2014 $ 1,972 1,465 2,020 $ 2,088 1,217 2,297 119 925 379 534 318 318 1,987 1,078 796 701 Consolidated Balance Sheets - USD ($) $ in Millions 2 Current Assets: 3 Cash and cash equivalents 4 Short-term investments Accounts receivable, net of an allowance for uncollectible accounts of $9 and $11 at 5 December 31, 2015 and 2014, respectively 6 Hedge margin receivable 7 Fuel inventory Expendable parts and supplies inventories, net of an...
I completed the beginning of the packet but need help on the
blank pages
On Dec. 1, 2014, Pete Fiore opened Fiore Consulting Services, Inc. He provides marketing seminars guaranteed to increase sales by 5%. The first fiscal (calendar) year will end December 31, 2014 salaried employee was hired on December 1, 2014. No benefits accrue for six months Mr. Fiore does not take a salary at this time. During the month, he completed the following transactions for the company:...
I need to know how to do this? where do I draw the
info from?
Dec. 1 On December 1, Chas Taylor forms a consulting business, named Fast Forward. FastForward receives $30,000 cash from Chas Taylor in exchange for common stock. Dec. 2 Fast Forward pays $2,500 cash for supplies. The company's policy is to record all prepaid expenses in asset accounts. Dec. 3 Fast Forward pays $26,000 cash for equipment. Dec. 4 FastForward purchases $7,100 of supplies on credit...
083 Xx Dec 31, 2015 Dec 31, 2014 $ 390 5,864 695 1,425 863 748 9,985 $ 994 6,309 774 1,771 1,004 898 11,750 28,213 Consolidated Balance Sheets - USD ($) $ in Millions 2 Current assets 3 Cash 4 Short-term investments 5 Restricted cash and short-term investments 6 Accounts receivable, net 7 Aircraft fuel, spare parts and supplies, net 8 Prepaid expenses and other 9 Total current assets 10 Operating property and equipment 11 Flight equipment 12 Ground property...
please help
Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000 $10,000 Accounts Receivable (net) 95,000 70,000 53,000 Inventory 81,000 71,000 53,000 Other current assets 65,000 49,000 61,000 Long-term investments 120,000 76,000 50,000 Property, Plant & Equipment (net) 598,000 345,000 315.000 Total Assets $991,000 $630,000 $542,000 $71,500 245.000 316,500 $56,000 75.000 131,000 $65,000 78,000 143,000 Liabilities & Shareholders' Equity Liabilities Current Liabilities Non-current liabilities Total Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity...
Dec 31, 2015 Dec 31, 2014 $ 390 5,864 695 1,425 863 748 9,985 $ 994 6,309 774 1,771 1,004 898 11,750 Consolidated Balance Sheets - USD ($) $ in Millions 2 Current assets 3 Cash 4 Short-term investments 5 Restricted cash and short-term investments 6 Accounts receivable, net 7 Aircraft fuel, spare parts and supplies, net 8 Prepaid expenses and other 9 Total current assets 10 Operating property and equipment 11 Flight equipment 12 Ground property and equipment 13...
Rhoades Tax Services began business on December 1, 2015. Its December transactions are as follows. Dec. Rhoades invested $20,000 in the business in exchange for common stock. 2 Paid $1,200 cash for December rent to Bomba Realty. 2 Purchased $1,080 of supplies on account. 3 Purchased $9,500 of office equipment; paying $4,700 cash with the balance due in 30 days. 8 Paid $1,080 cash on account for supplies purchased December 2 14 Paid $900 cash for assistant's wages for 2...
Rhoades Tax Services began business on December 1, 2015. Its December transactions are as follows. Dec Rhoades invested $20,000 in the business in exchange for common stock. Paid $1,200 cash for December rent to Bomba Realty. 2 Purchased $1,080 of supplies on account. 2 Purchased $9,500 of office equipment; paying $4,700 cash with the balance due in 30 days. Paid $1,080 cash on account for supplies purchased December 2. 14 Paid $900 cash for assistant's wages for 2 weeks' work...
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