Browse A

At December 31 of the current year, a company reported the following: Total sale

At December 31 of the current year, a company reported the following: Total sales for the current year: $5,320,000. Accounts receivable balance at Dec. 31, end of the current year…

At December 31 of the current year, a company reported the following: Total sale

At December 31 of the current year, a company reported the following: Total sales for the current year: $5.320.000. Accounts receivable balance at Dec. 31. end of current year: $4…

At December 31 of the current year, a company reported the following: total sale

At December 31 of the current year, a company reported the following: total sales for the current year: $880,000. Accounts receivable balance at December 31, end of current year: …

At December 31 the cash balance per books of Heinisch Company was $12,485.20, an

At December 31 the cash balance per books of Heinisch Company was $12,485.20, and the cash balance per the bank statement was $20,154.30. The bank did not make any errors, but two…

At December 31 the cash balance per books of Heinisch Company was $12,485.20, an

At December 31 the cash balance per books of Heinisch Company was $12,485.20, and the cash balance per the bank statement was $20,154.30. The bank did not make any errors, but two…

At December 31 the cash balance per books of Heinisch Company was $12,485.20, an

At December 31 the cash balance per books of Heinisch Company was $12,485.20, and the cash balance per the bank statement was $20,154.30. The bank did not make any errors, but two…

At December 31 the cash balance per books of Heinisch Company was $12,485.20, an

At December 31 the cash balance per books of Heinisch Company was $12,485.20, and the cash balance per the bank statement was $20,154.30. The bank did not make any errors, but two…

At December 31 the records of Kozmetsky Corporation provided the following selec

At December 31 the records of Kozmetsky Corporation provided the following selected and incomplete data:   Retained Earnings balance, beginning of year, $790,000. 1. shares issued…

At December 31 the records of Kozmetsky Corporation provided the following selec

At December 31 the records of Kozmetsky Corporation provided the following selected and incomplete data: Complete the following: (Round "Earnings per share" to 2 decimal places.) …

At December 31 the records of Kozmetsky Corporation provided the following selec

At December 31 the records of Kozmetsky Corporation provided the following selected and incomplete data: shares issued shares outstanding the balance in additional paid-in capital…

At December 31, 2005, Zurich Company reported this info on itsbalance sheet. Acc

At December 31, 2005, Zurich Company reported this info on itsbalance sheet. Accounts receivable $960,000 Less: Allowance for doubtful accounts $70,000 During 2006 the company had…

At December 31, 2005, Zurich Company reported this info on itsbalance sheet. Acc

At December 31, 2005, Zurich Company reported this info on itsbalance sheet. Accounts receivable $960,000 Less: Allowance for doubtful accounts $70,000 During 2006 the company had…

At December 31, 2006, the following information (in thousands) was available for

At December 31, 2006, the following information (in thousands) was available for sunglasses manufacturer Oakley, Inc.: ending inventory $155,377; beginning inventory $119,035; cos…

At December 31, 2007, Fifa Corporation owes $500,000 on a note payable due Febru

At December 31, 2007, Fifa Corporation owes $500,000 on a note payable due February 15, 2008. (a) If Fifa refinances the obligation by issuing a long-term note on February 14 and …

At December 31, 2007, Metro Medical Company owned smallinvestments in the common

At December 31, 2007, Metro Medical Company owned smallinvestments in the common stock of other firms as follows:              Company                   Numbersof                 …

At December 31, 2007, the end of Smith and Jones Co. fiscal year,there were $470

At December 31, 2007, the end of Smith and Jones Co. fiscal year,there were $470 of office supplies on hand. During 2008, $1,800 ofoffice supplies were purchased and charged to th…

At December 31, 2009, Vizarro Company reports the following results for its cale

At December 31, 2009, Vizarro Company reports the following results for its calendar-year. Problem 9-3A Estimating and reporting bad debts P1 P2 Cash sales . . . . . . . . . $2,18…

At December 31, 2009, the financial statements of Hollingsworth Industries inclu

At December 31, 2009, the financial statements of Hollingsworth Industries included the following: Net income for 2009 - $560 million Bonds payable, 10%, convertible into 36 milli…

At December 31, 2009, the general ledger of Main Street Marketing had the follow

At December 31, 2009, the general ledger of Main Street Marketing had the following account balances. All adjusting entries (except for income taxes at 40%) have been made. The co…

At December 31, 2010 , Jimenez Company reported the following as plant assets. L

At December 31, 2010, Jimenez Company reported the following as plant assets. Land $3,703,000 Buildings $27,850,000 Less: Accumulated depreciation-buildings 11,175,000 16,675,000 …

At December 31, 2010, Aaliyah Company reports the following results for its cale

At December 31, 2010, Aaliyah Company reports the following results for its calendar year. In addition, its unadjusted trial balance includes the following items Requirement 1:Pre…

At December 31, 2010, Braddock Company had a balance of $15,090 in the Allowance

At December 31, 2010, Braddock Company had a balance of $15,090 in the Allowance for Doubtful Accounts. During 2011, Braddock wrote off accounts totaling $12,630. One of those acc…

At December 31, 2010, Burr Corporation owes $500,000 on a note payable due Febru

At December 31, 2010, Burr Corporation owes $500,000 on a note payable due February 15, 2011. (If answer is zero, please enter 0, do not leave any fields blank.) (a) If Burr refin…

At December 31, 2010, Burr Corporation owes $500,000 on a note payable due Febru

At December 31, 2010, Burr Corporation owes $500,000 on a note payable due February 15, 2011. It issues its audited financials on April 1of each year. How much of the note payable…

At December 31, 2010, Cord Company\'s plant asset and accumulated depreciation a

At December 31, 2010, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows: Category Plant Asset Accumulated Depreciation &amp…

At December 31, 2010, Dwight Corporation reported current assets of $390,000 and

At December 31, 2010, Dwight Corporation reported current assets of $390,000 and current liabilities of $200,000. The following items may have been recorded incorrectly. Dwight us…

At December 31, 2010, Rijo Corporation reported the following plant assets. Land

At December 31, 2010, Rijo Corporation reported the following plant assets. Land $3,000,000 Buildings $26,500,000 Less: Accumulated depreciation - buildings 12,100,000 14,400,000 …

At December 31, 2010, Rijo Corporation reported the following plant assets. Land

At December 31, 2010, Rijo Corporation reported the following plant assets. Land $5,577,000 Buildings $49,263,500 Less: Accumulated depreciation - buildings 22,493,900 26,769,600 …

At December 31, 2010, Sager Co. had 1,200,000 shares of common stock outstanding

At December 31, 2010, Sager Co. had 1,200,000 shares of common stock outstanding. In addition, Sager had 450,000 shares of preferred stock that were convertible into 750,000 share…

At December 31, 2010, Sager Co. had 1,200,000 shares of common stock outstanding

At December 31, 2010, Sager Co. had 1,200,000 shares of common stock outstanding. In addition, Sager had 450,000 shares of preferred stock that were convertible into 750,000 share…

At December 31, 2010, Sager Co. had 1,200,000 shares of common stock outstanding

At December 31, 2010, Sager Co. had 1,200,000 shares of common stock outstanding. In addition, Sager had 450,000 shares of preferred stock that were convertible into 750,000 share…

At December 31, 2010, Tatum Company had 2,000,000 shares of common stock outstan

At December 31, 2010, Tatum Company had 2,000,000 shares of common stock outstanding. On January 1, 2011, Tatum issued 500,000 shares of preferred stock which were convertible int…

At December 31, 2010, Tatum Company had 2,000,000 shares of common stock outstan

At December 31, 2010, Tatum Company had 2,000,000 shares of common stock outstanding. On January 1, 2011, Tatum issued 500,000 shares of preferred stock which were convertible int…

At December 31, 2010, the trial balance of Olpe Company contained the following

At December 31, 2010, the trial balance of Olpe Company contained the following amounts before adjustment. Debits Credits Accounts Receivable $200,000 Allowance for Doubtful Accou…

At December 31, 2010, the trial balance of Olpe Company contained the following

At December 31, 2010, the trial balance of Olpe Company contained the following amounts before adjustment. Debits Credits Accounts receivable $200,000 Allowance for doubtful accou…

At December 31, 2010. Accounts Receivable has a balance of $850,000; Allowance f

At December 31, 2010. Accounts Receivable has a balance of $850,000; Allowance for Doubtful Accounts has a credit balance of $2.750; and net sales for the car total $4,000,000. Ba…

At December 31, 2011 Newman Engineering\'s Liabilities include the following: 1.

At December 31, 2011 Newman Engineering's Liabilities include the following: 1. $10 million of 9% bonds were issued for $10million on May 31, 1988. The bonds marture on May 31, 20…

At December 31, 2011, Ethan Company reports the following results for its calend

At December 31, 2011, Ethan Company reports the following results for its calendar year. Cash sales.... $1,803,750 Credit sales....$3,534,000 In addition, its unadjusted trial bal…

At December 31, 2011, Ethan Company reports the following results for its calend

At December 31, 2011, Ethan Company reports the following results for its calendar year. Cash sales.... $1,803,750 Credit sales....$3,534,000 In addition, its unadjusted trial bal…

At December 31, 2011, Ethan Company reports the following results for its calend

At December 31, 2011, Ethan Company reports the following results for its calendar year. Cash sales.... $1,803,750 Credit sales....$3,534,000 In addition, its unadjusted trial bal…

At December 31, 2011, Ethan Company reports the following results for its calend

At December 31, 2011, Ethan Company reports the following results for its calendar year. Cash sales.... $1,803,750 Credit sales....$3,534,000 In addition, its unadjusted trial bal…

At December 31, 2011, Kelso Imports reported this information on its balance she

At December 31, 2011, Kelso Imports reported this information on its balance sheet. Accounts Receivable $600,00 Less: Allowance for doubtful accounts $40,000 During 2012 the compa…

At December 31, 2011, a company\'s records include the following: Net Sales (all

At December 31, 2011, a company's records include the following:             Net Sales (all on credit)                                                                   $750,000  …

At December 31, 2011, the financial statements of Hollingsworth Industries inclu

At December 31, 2011, the financial statements of Hollingsworth Industries included the following: Net income for 2011 $560 million Bonds payable, 10%, convertible into 36 million…

At December 31, 2012, Albrecht Corporation had outstanding 373,000 shares of com

At December 31, 2012, Albrecht Corporation had outstanding 373,000 shares of common stock and 8,000 shares of 9.5%, $100 par value cumulative, nonconvertible preferred stock. On M…

At December 31, 2012, Fell Corporation had a deferred tax liability of $703,902,

At December 31, 2012, Fell Corporation had a deferred tax liability of $703,902, resulting from future taxable amounts of $2,070,300 and an enacted tax rate of 34%. In May 2013, a…

At December 31, 2012, HIBS, Inc. reported net income of $15,000. The ending owne

At December 31, 2012, HIBS, Inc. reported net income of $15,000. The ending owner’s equity is $20,000. During the year, HIBS issued additional common stock for $2,600 and paid div…

At December 31, 2012, Olsen Company had 60,000 shares of cumulative preferred st

At December 31, 2012, Olsen Company had 60,000 shares of cumulative preferred stock outstanding. It has a par value of $100 per share, and an 8% dividend rate. Dividends were last…

At December 31, 2012, Redmond Company has outstanding three long-term debt issue

At December 31, 2012, Redmond Company has outstanding three long-term debt issues. The first is a $2,001,400 note payable which matures June 30, 2015. The second is a $6,032,100 b…

At December 31, 2012, Redmond Company has outstanding three long-term debt issue

At December 31, 2012, Redmond Company has outstanding three long-term debt issues. The first is a $2,000,000 note payable which matures June 30, 2015. The second is a $6,000,000 b…