For part 4 it asks for us to create an adjusted trial balance however, my numbers...
For part 4 it asks for us to create an adjusted trial balance
however, my numbers (Credit/Debit) do not match and I am not sure
where I am going wrong... Any help would be appreciated!
Required information Great Adventures Problem AP3-1 (The following information applies to the questions displayed below.) Tony and Suzie graduate from college in May 2021 and...
(To record sale of equipment) SHOW LIST OF ACCOUNTS Problem 10-05A a-c (Video) At December 31,...
(To record sale of equipment) SHOW LIST OF ACCOUNTS Problem 10-05A a-c (Video) At December 31, 2020, Pronghorn Company reported the following as plant assets. LINK TO TEXT $ 4,320,000 LINK TO TEXT LINK TO TEXT 19,230,000 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation, equipment Total plant assets $29,800,000 10,570,000 47,520,000 4,910,000 Prepare the plant assets section of...
See below. Problem 10-05A a-c (Video) At December 31, 2020, Flint Company reported the following as...
See below.
Problem 10-05A a-c (Video) At December 31, 2020, Flint Company reported the following as plant assets. Land $ 3,770,000 Buildings $27,290,000 Less: Accumulated depreciation-buildings 12,170,000 15,120,000 Equipment 48,020,000 Less: Accumulated depreciation-equipment 4,550,000 43,470,000 Total plant assets 562,360,000 During 2021, the following selected cash transactions occurred. April 1 May 1 June 1 July 1 Dec. 31 Purchased land for...
I need to do a cash budget and I need help. Is it possible to have...
I need to do a cash budget and I need help.
Is it possible to have support? This is homework for my
accounting class.
I have to do a Cash Budget, Schedule of Cash Collections from
Sales, and Schedule of Payments for Manufacturing Costs. Also, I
have to demonstrate how I did the calculations. Please HELP!!
5. Prepare a factory...
Can you show me the formula or equation to get the right answers. March is estimated...
Can you show me the formula or equation to get the right
answers.
March is estimated to be $15,300, and work in process at the end of March is desired The controller of Mercury Shoes Inc. instructs you to prepare a monthly cash budget for Chapter 22 Budgeting 1119 OBJ. 5 5. Prepare a factory overhead cost budget for March...
harman Athletic Gear Inc. (SAG) is considering a special order for 16,400 baseball caps with the...
harman Athletic Gear Inc. (SAG) is considering a special order for 16,400 baseball caps with the logo of East Texas University (ETU) to be purchased by the ETU alumni association. The ETU alumni association is planning to use the caps as gifts and to sell some of the caps at alumni events in celebration of the university’s recent national championship...
Please assume that all transactions took place during 2019. In the following 1031 exchanges, calculate the...
Please assume that all transactions took place during 2019.
In the following 1031 exchanges, calculate the realized gain or loss on the exchange, the recognized gain or loss on the exchange, and the adjusted basis of the like-kind property received. Adj. Basis of Property Boot Traded Given 20,000 30,000 25,000 20,000 20,000 12,500 40,000 FMV of Adj. Basis Property Boot...
8. Bluesy Company purchased land with a current market value of s240,000. Its book value in...
8. Bluesy Company purchased land with a current market value of s240,000. Its book value in the accounts of the seller was $130,500. In exchange with an estimated market value of $14 per share. Bluesy stock is not traded on an established stock exchange. What amount should Bluesy record as the cost of the land? a. $130,500 b. $200,000 for...
In August 2020, Angela Martin started her new contracting business: Stair at Me Inc. The business...
In August 2020, Angela Martin started her new contracting business: Stair at Me Inc. The business focused on building staircases. The following transactions occurred during August: August 1 Angela invested $1,000 cash in exchange for 250 common shares. August 2 The company borrowed $5,000 in the form of a long-term bank loan. The money was planned to purchase much of...
a new two contract for the building was signed with a 10.00% increase from the prior...
a new two contract for the building was signed with a 10.00% increase from the prior year insurance expenses will hold steady due to contract agreement travel/entertainment will be reduced by 7.00% from prior year new equipment was purchased in the current year causing a 22.00% increase in depreciation 30% of the payroll cost will increase/decrease based upon the trend;...
For part 4 it asks for us to create an adjusted trial balance
however, my numbers (Credit/Debit) do not match and I am not sure
where I am going wrong... Any help would be appreciated!
Required information Great Adventures Problem AP3-1 (The following information applies to the questions displayed below.) Tony and Suzie graduate from college in May 2021 and...
(To record sale of equipment) SHOW LIST OF ACCOUNTS Problem 10-05A a-c (Video) At December 31, 2020, Pronghorn Company reported the following as plant assets. LINK TO TEXT $ 4,320,000 LINK TO TEXT LINK TO TEXT 19,230,000 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation, equipment Total plant assets $29,800,000 10,570,000 47,520,000 4,910,000 Prepare the plant assets section of...
See below.
Problem 10-05A a-c (Video) At December 31, 2020, Flint Company reported the following as plant assets. Land $ 3,770,000 Buildings $27,290,000 Less: Accumulated depreciation-buildings 12,170,000 15,120,000 Equipment 48,020,000 Less: Accumulated depreciation-equipment 4,550,000 43,470,000 Total plant assets 562,360,000 During 2021, the following selected cash transactions occurred. April 1 May 1 June 1 July 1 Dec. 31 Purchased land for...
I need to do a cash budget and I need help.
Is it possible to have support? This is homework for my
accounting class.
I have to do a Cash Budget, Schedule of Cash Collections from
Sales, and Schedule of Payments for Manufacturing Costs. Also, I
have to demonstrate how I did the calculations. Please HELP!!
5. Prepare a factory...
Can you show me the formula or equation to get the right
answers.
March is estimated to be $15,300, and work in process at the end of March is desired The controller of Mercury Shoes Inc. instructs you to prepare a monthly cash budget for Chapter 22 Budgeting 1119 OBJ. 5 5. Prepare a factory overhead cost budget for March...
Please assume that all transactions took place during 2019.
In the following 1031 exchanges, calculate the realized gain or loss on the exchange, the recognized gain or loss on the exchange, and the adjusted basis of the like-kind property received. Adj. Basis of Property Boot Traded Given 20,000 30,000 25,000 20,000 20,000 12,500 40,000 FMV of Adj. Basis Property Boot...
8. Bluesy Company purchased land with a current market value of s240,000. Its book value in the accounts of the seller was $130,500. In exchange with an estimated market value of $14 per share. Bluesy stock is not traded on an established stock exchange. What amount should Bluesy record as the cost of the land? a. $130,500 b. $200,000 for...
Most questions answered within 3 hours.