blem 3 Problem 4 Problem 5 Table 1 includes wind speed data from a weather stati

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

Explanation / Answer

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

Related Questions

Navigate

• Browse (All)
• Browse B
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.