Indicate how each event affects the elements of financial statements. Use the following letters to r

Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter dollar amounts. (Note that “Not Affected” means that the event does not affect that element of the financial statements or the event causes an increase in that element that is offset by a decrease in the same element.) Increase I Decrease D Not Affected= NA 1) Walker Co. issued common stock for $150,000 cash. Stmt of Cash Flows Liabilities Equity MA Assets Revenues Expenses Net Income NA 2) Nguyen Co. borrowed $50,000 cash from Metropolitan Bank. Stmt of Cash Flows Liabilities Equity NA Assets Revenues Expenses Net Income -) Bell Co. provided consulting services for $20,000 cash. Stmt of Cash Flows Revenues Expenses Net Income Liabilities Equity JA LAIA ssets Pierce Co. paid $40,000 cash to purchase land. Stmt of Flows Revenues Expenses Net Income Liabilities Equity ssets NA LNA Perez Co. paid $220,000 cash for salaries expense. Stmt Revenues Expenses Net Income Flow Liabilities Equity JA sets ito owners

 

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I got 6300 multiple times and don’t see what I did wrong Ahngram Corp. has 1,000 defective units

I got 6300 multiple times and don't see what I did wrong Ahngram Corp. has 1,000 defective units of a product that cost $3.80 per unit in direct costs and $7.30 per unit in indirect cost when produced last year. The units can be sold as scrap for $4.80 per unit or reworked at an additional cost of $3.30 and sold at full price of $14.40. The incremental net income (loss) from the choice of reworking the units would be: Multiple Choice Ο Ο $11,100. Ο $4,800. Ο $3,300. Ο ($3,300).

 

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Describe the accounting process or journal entry to record the segregation of resources by the… 1 answer below »

Describe the accounting process or journal entry to record the segregation of resources by the managing board of a hospitalView Solution:
Describe the accounting process or journal entry to record the

 

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Can you please in detail show me how to calculate manufacturing overhead applied, this is where I le

Can you please in detail show me how to calculate manufacturing overhead applied, this is where I left off at in this problem…

160,00 d) $400,000 e) None of the above -F 1201000 40,000 P 460,000 17. Company operates a job-order costing system and applies overhead cost to jobs on the basis of direct labor cost. Its predetermined overhead rate was based on a cost formula that estimated $135,000 of manufacturing overhead and an estimated allocation base of $90,000 in direct labor cost. The company has provided the following data: Divect Ms Beginning 529,000 Ending 811,000 B135000 90,000 Raw Materials Inventory (all direct) Work in Process Inventory Finished Goods Inventory +120 0 00 ROrchase BM 45,000 71,000 36,000 61,000 154000 Tadal RauM The following actual costs were incurred during the year: Purchase of raw materials (all diréct) Direct labor cost Erding PuM 148000 AM used in Pod + loo,00 0 DL I a00 I.5 S130,000 $100,000 $110,000 ACn Manufacturing overhead cost MOH Appliel Suppose the company closes out any under- or over-applied overhead cost to Cost of Goods Sold How much was the company's adjusted Cost of Goods Sold? a. $377,000 b. $357,000 c. $337,000 d. $363,000 e. None of the above 18. The

 

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National Inc, manufactures two models of CMD that can be used as cell phones, MPX and digital camcor

National Inc, manufactures two models of CMD that can be used as cell phones, MPX and digital camcorders. 2 Model High F Great P Annual Sales in Units 11,300 17,300 02:57:00 National uses a volume-based costing system to apply factory overhead based on direct labor dollars. The unit prime costs of ea Direct materials Direct labor High F $39.30 $18.90 Great P $26.70 $14.50 Budget factory overhead: Engineering and Design Quality Control Machinery Miscellaneous Overhead Total 2,660 engineering hours 13,890 inspection hours 33,970 machine hours 26,650 direct labor hours $ 425,600 350, 190 541,600 132,650 $1,450, 040 National's controller had been researching activity-based costing and decided to switch to it. A special study determined Nationals twe Engineering and design hours Quality control inspection hours Machine hours Labor hours High F Great P 1,290 1,570 5,770 7,320 20,410 13,560 12,138 14,520 Using activity based costing. total overhead per unit of the High F model is: (Rounded to the nearest cent.)

 

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Discuss suspicious activity reporting. For example, do you think that such reporting should be a…

Discuss suspicious activity reporting. For example, do you think that such reporting should be a legal requirement, or should it be just an ethical matter? Do you think that the majority of SAR activity is illegal or are they mostly false alarms?

 

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PHYSICS 102 It takes an elevator 2.5 minutes to raise

It takes an elevator 2.5 minutes to raise a vehicle with a weight of 3683 N from the floor to a height of 8 meters. What size (power) motor (in watts) does it take to do the job? Hint: this is a multiple step problem in which you must derive the variables needed to solve for problem in step one and then apply those values to the final solution of the problem. Watch your units.

 

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J51 C D Income Statement 2 mpany A 3 Quarter 2019 4 ancial Statements in U.S. Dollars 5 venue 6 Sale

J51 C D Income Statement 2 mpany A 3 Quarter 2019 4 ancial Statements in U.S. Dollars 5 venue 6 Sales 7 8 10 st of Goods Sold 11 Add Purchases 12 Freight-in Direct Labor 13 14 Indirect Expenses 15 Cost of Goods Sold Income Statement Select destination and press ENTER or choose Paste O Type here to search DELL X AutoSave on Mgmt 110 Inceme statement Exercise no ansners Compatibilty Mode Excel Bryan Fle Home Insert Draw Page Layeut Formulas Data Review View Add-ins Help Team p Search X Share Arial A A 12 Whap Test Number Paste o-A- BIU- E E Mege & Center $-%, Conditional Format as Cell Insert Delete Format Sot & Find& Faer- Select deas Formatting able- Seyls Cipboard Font Aignment Number Styles Ce tang deas J51 fe Company A Company A sells brown and white widgets to retailer who then sell them in the consumer market Fill in the Income statement to the left using the following information about the Company:( Note only use relevant information) -During the 1st quarter of 2019 the Company sold $110,000 worth of widgets During the seond half of 2019 the Company sold $105,000 worth of Widgets -The Company also sells a Widget polishing service for its products. This service brought in $70,000 in revenue in the 1st quarter of 2019.. – The Company paid $2000 for advertising during the first quarter, and $4000 during the second quarter. – In the 1st quarter the company incurred $65, 000 in expenses to sell its' widgets. ($25,000 to purchase supplies, $20,000 in shipping and $20,000 in shipping labor costs – The company's payroll was $55,000 during the 1st quarter -The company's utilities costs $1200 per month -It also incurred $17,460 in miscellaneous expenses – During the 1st quarter the Company contributed $20,000 to employee insurance premiums. 2 5 7 8 9 10 11 12 13 14 15 Income Statement 955 AM 1025001 Select destination and pess ENTER or choose Paste Type here to search DELL O Data Review TUSS View Add-ins Help Team p Search Arial A A 12 Wap Text Number I- Paste BIU A- E Merge & Center $ 9% Conditional Format as Cell Formatting Table Styles Cipboard Font Allignment Number Styles J51 4A B 12 C D E F H Freight-in Direct Labor Indirect Expenses -It als – Durin 13 14 15 Cost of Goods Sold 16 Gross Profit (Loss) 17 18 19 Expenses 20 Advertising Compan Fill in the – During During – The Co – The Com – In the 1s and $20 21 Amortization 22 Bad Debts Bank Charges 23 24 Charitable Contributions 25 Commissions Contract Labor 26 27 Depreciation Dues and Subscriptions 28 The com 20 Emninuaa Ranafit Drnnrame The com Income Statement Select destination and press ENTER or choose Paste P Type here to search DELL AuteSave Mamt 110 income statement Esercise no anpers – Compatiblity Mode Excel Bryan E Fle Home Inert Draw Page Layout Formulas Data Add-ins Review View Help p Search Team Share X Arial -12-A A Wap Text Number Σ h- Pate A- E 8IU- Mge&Cente Canditional Format Cell fomating Table- Styles S-% 4 nsent Delete farmat Sert & Find r Select idea Chpboard Font Aignment Number Styles Cet tang deal 151 L 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Company A sells brown and white widgets to retailer who then sell them in the consumer market Fill in the Income statement to the left using the following information about the Company(Note only use relevant information) – During the 1st quarter of 2019 the Company sold $110,000 worth of widgets During the seond half of 2019 the Company sold $105,000 worth of Widgets The Company also sells a Widget polishing service for its products. This service brought in $70,000 in revenue in the 1st quarter of 2019 The Company paid $2000 for advertising during the first quarter, and $4000 during the second quarter – In the 1st quarter the company incurred $65, 000 in expenses to sell its' widgets. ($25,000 to purchase supplies. $20.000 in shipping and $20,000 in shipping labor costs The company's payroll was $55,000 during the 1st quarter The company's utilities costs $1200 per month It also incurred $17,460 in miscellaneous expenses During the 1st quarter the Company contributed $20,000 to employee insurance premiums 31 32 33 34 Income Statement Seled denation and pres ERhe 956 AM w/01 Type here to search DELL A B D 28 Dues and Subscriptions Employee Benefit Programs 29 30 Insurance 31 Interest 32 Legal and Professional Fees 33 Licenses and Fees 34 Miscellaneous 35 Office Expense Payroll Taxes Postage Rent 36 37 38 39 Repairs and Maintenance 40 Supplies Telephone 41 42 Travel 43 Utilities Vehicle Expenses 44 45 Wages Income Statement E A B C D G Payroll Taxes Postage 36 37 38 Rent Repairs and Maintenance Supplies Telephone 39 40 41 42 Travel 43 Utilities Vehicle Expenses 44 45 Wages Total Expenses 46 47 48 Net Operating Income 49 50 51

 

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Matching Items Involving the Statement of Revenues, Expenditu r es, and Changes in Fund Balance for

Matching Items Involving the Statement of Revenues, Expenditu r es, and Changes in Fund Balance for a Capital P r ojects Fund and a Debt Service Fund The numbered items on the left consist of a variety of transactions and events that occurred in the capital projects and debt service funds of Walton City for the year ended June 30, 20X9. Items A, B, and C on the right represent three categories that are reported on the statement of revenues, expenditures, and changes in fund balance for capital projects and debt service funds. Item D is for transactions that are not reported on the statement of revenues, expenditures, and changes in fund balance for either debt service or capital projects funds. For each transaction, select the appropriate letter to indicate where that transaction should be reported on the statement of rev- enues, expenditures, and changes in fund balance or whether that item would not be reported on the statement.

T ransactions/Events Categories of Disclosu r e

1. The capital projects fund received the proceeds of general obligation bonds to be used for construction of a new courthouse.

2. The capital projects fund accepted the lowest bid for the construction of the courthouse.

3. The capital projects fund received resources from the city’s general fund to be used in the construction of the courthouse.

4. The bonds in item 1 were sold at a premium. The capital projects fund transferred the premium to the debt service fund. Indicate how the capital projects fund should report this transaction.

5. During the year ended June 30, 20X9, courthouse construction was completed.

6. In addition to the resources provided by the general obligation bonds and the general fund, the capital projects fund also received a state grant to construct the courthouse.

7. The city’s general fund transferred a portion of the property tax collections to the debt service fund to be used

to pay the principal and interest of the general obligation bonds issued in item 1.

8. The debt service fund acquired investments with part of the resources provided by the general fund.

9. The investments acquired in item 8 earned interest.

10. The debt service fund received the bond premium from the capital projects fund.

11. The debt service fund paid semiannual interest on the general obligation bonds on March 1, 20X9.

12. The debt service fund used a local bank to be its fiscal agent with regard to the recordkeeping activities related to the general obligation bonds issued in item 1. The bank charged a fee for this service.

13. As of June 30, 20X9, unmatured interest for four months was due on the general obligation bonds issued in item 1. Resources to pay this interest will be transferred to the debt service fund in the next fiscal year.

A. Revenues

B. Expenditures

C. Other financing sources and uses

D. Not reported on the statement of revenues, expenditures, and changes in fund balance

 

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How are interfund transactions reported? View Solution: How are interfund transactions reported

How are interfund transactions reported? View Solution:
How are interfund transactions reported

 

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