Minhajur Rahaman
Principals of Accounting Solutions
Problem-11: Corporations: Organization and Capital Stock Transactions
As an auditor for the CPA firm of Hinkson and Calvert, you encounter the following situations in aud...
Problem-6: Completing the Accounting Cycle
Casey Hartwig, CPA, was retained by Global Cable to prepare financial statements for April 2019. Har...
Problem-18: Standard Costs and Balanced Scorecard
The following direct materials and drict labor data pertain to the operations of Laurel Company for ...
Problem-13: The Recording Process
The T-accounts below summarize the ledger of Daggett Landscaping Company at the end of the first mon...
Problem-11: Plant Assets, Natural Resources and intangible Assets
Benedict Company incurred the following costs.
Instructions
Indicate to which account Benedict w...
Problem-18: Plant Assets, Natural Resources and intangible Assets
Presented below are selected transactions at Ridge Company for 2019.
Jan. 1Retired a piece of machi...
Problem-4: Budgetary Planning
Colter Company prepares monthly cash budgets. Relevant data from operating budgets for 2021 are as f...
Problem-5: Fraud, Internal Control, and Cash
Setterstrom Company established a petty cash fund on May 1, cashing a check for $100. The company re...
Problem-17: Statement of Cash Flows
Rojas Corporation's comparative balance sheets are presented below.
Rojas CorporationComparative Ba...
Problem-7: Adjusting the Accounts
Hong Corporation encounters the following situations:
Hong collects $1,300 from a customer in 2019 ...
Problem-9: Job Order Costing
Manufacturing cost data for Orlando Company, Which uses a job order cost system, are presented below...
Problem 13: Incremental Analysis and Capital Budgeting
Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performance o...
Problem-05: Statement of Cash Flows
Zumbrunn Company's income statement contained the condensed information below.
Accounts payable p...
Problem-17: Long-Term Liabilities
Presented below are three independent situations.
Longbine Corporation redeemed $130,000 face val...
Problem-01: Financial Statement Analysis
Comparative statement data for Farris Company and Raizlaff Company, two competitors, appear below. A...
Problem-8: Completing the Accounting Cycle
The adjusted trial balance columns of the worksheet for Savaglia Company are as follows
Savaglia Co...
Problem-15: Accounting Information Systems
Hasselback Company has the following selected transactions during March.
Mar. 2Purchased equipment ...
Problem-06: Process Costing
Hamilton processing Company uses a weighted average process cost system and manufactures a single pr...
Problem-10: Plant Assets, Natural Resources and intangible Assets
The following expenditures relating to plant assets were made by Prather Company during the first 2 ...
Problem-03: Corporations: Organization and Capital Stock Transactions
The stockholders equity accounts of Castle Corporation on January 1, 2020, were as follows
Preferre...
Problem-11: Adjusting the Accounts
Meghan Lindh, D.D.S., opened a dental practice on January 1, 2019. During the first month of operati...
Problem-09: Financial Statement Analysis
The ledger of Jaime Corporation at December 31,2020, contains the following summary data.
Your an...
Problem-03: Financial Statement Analysis
Condensed balance sheet and income statement data for Landwehr Corporation appear below.
Addition...
Problem-03: Current Liabilities and Payroll Accounting
Mann Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours ...
Problem-22: Inventories
Freeze Frame Camera Shop uses the lower-of-cost-or-market basis for its inventory. The following dat...
Problem-20: Accounting for Partnerships
Foss, Albertson, and Espinosa are partners who share profits and losses 50%, 30% and 20% respectivel...
Problem-21: Budgetary Control and Responsibility Accounting
The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the di...
Problem-18: Accounting Information Systems
Selected Accounts from the ledgers of Youngblood Company at July 31 showed the following.
Instruc...
Problem-13: Accounting for Partnerships
Sedgwick Company at December 31 has cash $20,000, noncash assets $100,000, liabilities $55,000, and ...
Problem-12: The Recording Process
Selected transactions from the journal of June Feldman, Investment broker, are presented below.
I...
Problem-21: Accounting for Receivables
On May 2, McLain Company lends $9,000 to Chang, Inc., issuing a 6-month, 9% not. at the maturity dat...
Problem-9: Plant Assets, Natural Resources and intangible Assets
LaPorta Company and Lott Corporation, two corporation of roughly the same size, are both involved in...
Problem-07: Long-Term Liabilities
Saberhagen Company sold $3,500,000, 8%, 10-year bonds on January 2020. The bonds were dated January ...
Problem-13: Accounting for Receivables
At December 31, 2019, Finzelberg Company had a credit balance of $15,000 in Allowance for Doubtful A...
Problem-08: Process Costing
Robert Wilkins has prepared the following list of statements about process cost accounting.Contact u...
Problem-08: Investments
Flynn Company purchased 70 Rinehart Company 6%, 10- year, $1,000 bonds on January 1, 2020, for $70,0...
Problem-8: Fraud, Internal Control, and Cash
On April 30, the bank reconciliation of Westbrook Company shows three outstanding checks no. 254, $6...
Problem-07: Corporations: Organization and Capital Stock Transactions
Andrea has prepared the following list of statements about corporations
A corporation is an entity ...
Problem-7: Accounting for Merchandising Operations
Kayla Incorporation operates a retail operation that purchases and sells home entertainment products...
Problem-4: Inventories
The management of Gresa Inc. is reevaluating the appropriateness of using its present inventory cost...
Problem-14: Process Costing
The Sanding Department of Quik Furniture Company has the following production and manufacturing cost...
Problem-14: Inventories
On December 1, Kiyak Electronics Ltd. has three DVD players left in stock. All are identical, all ar...
Problem 16: Incremental Analysis and Capital Budgeting
Vilas Company is considering a capital investment of $90,000 in additional productive facilities. Th...
Problem-20: Budgetary Control and Responsibility Accounting
Horation Inc. has three divisions which are operated as profit centers. Actual operating data for t...
Problem-17: Corporations: Organization and Capital Stock Transactions
The stockholders equity section of Haley Corporation at December 31 is as follows.
Instructions
...
Problem-2: Completing the Accounting Cycle
The adjusted trial balance columns of the worksheet for Thao Company, owned by D. Thao, are as follo...
Business Statistics Solutions
Problem-54: Grouping and Displaying data to convey meaning
The following relative frequency distribution resulted from a study of the dollar amounts spent per ...
Problem-21: Measures of Central Tendency and Dispersion in Frequency Distributions
The Growth in bad-debt expense for Johnston Office Supply Company over the last few follows. Calcula...
Problem-37: Testing Hypotheses: One Sample Tests
Feronetics specializes in the use of gene-splicing techniques to produce new pharmaceutical compound...
Problem-14: Testing Hypotheses: One Sample Tests
In a trial, the null hypothesis is that an individual is innocent of a certain crime. Would the lega...
Problem-76: Probability I: Introductory Ideas
Draw Venn diagrams to represent the following situations involving three events, A, B, and C, which ...
Problem-18: Estimation
In an automotive safety test conducted by the North Carolina Highway Safety Research Center, the ave...
Problem-25: Probability Distributions
Harry Ohme is in charge of the electronics section of a large department store. He has noticed that ...
Problem-20: Probability Distributions
For n = 8 trials, compute the probability that r > 1 for each of the following values of p:
Problem-84: Probability I: Introductory Ideas
A standard set of pool balls contains 15 balls numbered from 1 to 15. Pegleg Woodhull, the famous bl...
Problem-63: Testing Hypotheses: One Sample Tests
State inspectors, investigating charges that a Louisiana soft-drink bottling company underfills its ...
Problem-27: Probability Distributions
Given a binomial distribution with n = 28 trials and p = 0.025, use the poisson approximation to the...
Problem-09: Quality and Quality Control
Construct an R chart for the data given in Exercise SC 10-2. Is the variability in the tread life of...
Problem-44: Chi-Square and Analysis of Variance
A psychologist is aware of studies showing that the variability of attention spans of 5-year olds ca...
Problem-38: Testing Hypotheses: One Sample Tests
Some financial theoreticians believe that the stock market’s daily prices constitute a “random walk ...
Problem-47: Measures of Central Tendency and Dispersion in Frequency Distributions
Estimate the mode for the distribution given are given below
Problem-53: Probability I: Introductory Ideas
A public interest group was planning to make a court challenge to auto insurance rates in one of thr...
Problem-29: Testing Hypotheses: Two Sample Tests)
MacroSwift has recently released a new word-processing product, and they are interested in determini...
Problem-10: Grouping and Displaying data to convey meaning
Suppose that the admissions staff mentioned in the discussions of table 2-1 wishes to examine the re...
Problem-05: Grouping and Displaying data to convey meaning
The number of hours taken by transmission mechanics to remove, repair and replace transmissions in o...
Problem-08: Testing Hypotheses: Two Sample Tests
Notwithstanding the Equal Pay Act of 1963, in 1993 it still appeared that men earned more than women...
Problem-22: Probability I: Introductory Ideas
In this section, two expressions were developed for the probability of either of two events, A or B,...
Problem-38: Chi-Square and Analysis of Variance
In Bigville, a fast-food chain feels it is gaining a bad reputation because it takes too long to ser...
Problem-07: Probability Distributions
Steven T. Opsine, supervisor of traffic signals for the Fairfax Company division of the Virginia Sta...
Problem-08: Estimation
For a population with a known variance of 185, a sample of 64 individuals leads to 217 as an estimat...
Problem-28: Sampling and Sampling Distributions
By reviewing sales since opening 6 months ago, a restaurant owner found that the average bill for a ...
Problem-66: Probability I: Introductory Ideas
The Environmental Protection Agency is trying to assess the pollution effect of a paper mill that is...
Problem-59: Grouping and Displaying data to convey meaning
A. T. Cline, the mine superintendent of the Grover Coal Co., has recorded the amount of time per wor...
Problem-4: Testing Hypotheses: One Sample Tests
How many standard errors around the hypothesized value should we use to be 98 percent certain that w...
Problem-17: Sampling and Sampling Distributions
Jonida Martinez, researcher for the Columbian Coffee Corporation, is interested in determining the r...
Problem-13: Chi-Square and Analysis of Variance
After years of working at a weighing station for trucks, Jeff Simpson feels that the weight per truc...
Problem-24: Testing Hypotheses: One Sample Tests
American Theaters knows that a certain hit movie ran an average of 84 days in each city, and the cor...
Problem-26: Estimation
Chief of Police Kathy Ackert has recently instituted a crackdown on drug dealers in her city. Since ...
Problem-57: Grouping and Displaying data to convey meaning
Lesley Niles, a summer intern at the Internet Financial Services Corporation, has been asked to inve...
Problem-34: Testing Hypotheses: Two Sample Tests
The Coffee Institute has claimed that more than 40 percent of American adults regularly have a cup o...
Problem-67: Testing Hypotheses: One Sample Tests
In 1996, it was estimated that about 72 percent of all U.S. households were cable TV sub- scribers. ...
Problem-21: Estimation
The West view High School nurse is interested in knowing the average height of seniors at this schoo...
Problem-55: Chi-Square and Analysis of Variance
Two brand managers were in disagreement over the issue of whether urban homemakers had
greater vari...
Problem-05: Probability Distributions
the only information available to you regarding the probability distribution of a set of outcomes is...
Problem-27: Testing Hypotheses: Two Sample Tests)
Two different areas of a large eastern city are being considered as sites for day-care centers. Of 2...
Problem-1: Testing Hypotheses: One Sample Tests
How many standard errors around the hypothesized value should we use to be 99.44 percent certain tha...
Problem-42: Grouping and Displaying data to convey meaning
Springfi eld is a college town with the usual parking problems. The city allows people who have rece...
Problem-9: Testing Hypotheses: One Sample Tests
Martha Inman, a highway safety engineer, decides to test the load-bearing capacity of a bridge that ...
Problem-55: Measures of Central Tendency and Dispersion in Frequency Distributions
These are the total fares (in dollars) collected Tuesday by the 20 taxis belonging to City Transit, ...
Problem-28: Probability Distributions
Given a binomial distribution with n = 30 trials and p = 0.04, use the poisson approximation to the ...
Problem-52: Grouping and Displaying data to convey meaning
State University has three campuses, each with its own business school. Last year, State’s business ...
Problem-14: Estimation
The manager of the Neuse River Bridge is concerned about the number of cars “running” the toll gates...
Problem-51: Probability Distribution
R. V. Poppin, the concession stand manager for the local hockey rink, just had 2 cancellations on hi...
Problem-10: Probability I: Introductory Ideas
Classify the following probability estimates as to their type (Classical, relative frequency, or sub...
Our Offer Prices
Website Design & Development
Starter
$50/4 days
- Responsive Web Design
- Home Page Design
- 5 Menu & Submenu
- 5 Content Page Update
- 1 Form
- SEO Submission
- Joomla/Wordpress
Loaded
$100/7 days
- Responsive Web Design
- Home Page Design
- 15 Menu & Submenu
- 15 Content Page Update
- 2 Forms
- SEO Submission
- Joomla/Wordpress
Fully Loaded
$150/10 days
- Responsive Web Design
- Home Page Design
- 25 Menu & Submenu
- 25 Content Page Update
- 4 Forms
- SEO Submission
- Joomla/Wordpress
Most Reading Solutions
Problem-5: Completing the Accounting Cycle
Anya Clark opened Anya's Cleaning Service on July 1, 2019. During July, the following transactions w...
Problem-5: Adjusting the Accounts
On Nobember 1, 2019, the account balances of Hamm Equipment Repair were as follows
During Novembe...
Problem-1: Completing the Accounting Cycle
The trial balance columns of the worksheet for Wareen Roofing at March 31, 2019, are as follows.
Wa...
Problem-2: Accounting for Merchandising Operations
Renner Hardware Store completed the following merchandising transactions in the month of May. At the...
Problem-2: The Recording Process
Emily Valley is a licensed dentist. During the first month of the operation of her business, the fol...
Problem-1: Adjusting the Accounts
Logan Krause started her own consulting firm, Krause Consulting, on May 1, 2019. The trial balance a...
Problem-2: Adjusting the Accounts
Mac's Motel opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as ...
Problem-3: The Recording Process
Maquoketa Services was formed on May 1, 2018. The following transactions took place during the first...
Problem-5: Accounting for Merchandising Operations
The trial balance of Gaolee Fashion Center contained the following accounts at November 30, the end ...
Problem-1: Accounting in Action
On April 1, Julie Spengel established Spengel's Travel Agency. The following transactions were compl...
Problem-5: The Recording Process
The Starr Theater, owned by Meg Vargo will begin operation in March. The Starr will be unique in tha...
Problem-1: The Recording Process
Holz Disc Golf Course was opened on March 1 by Ian Holz. The following selected events and transacti...
Problem-1: Accounting for Merchandising Operations
Kern's Book Warehouse distributes hardcover looks to retail stores and extends credit terms of 2/10,...
Problem-2: Completing the Accounting Cycle
The adjusted trial balance columns of the worksheet for Thao Company, owned by D. Thao, are as follo...
Problem-5: Inventories
You are provided with the following information for Koetteritz Inc. for the month ended June 30, 201...
Problem-8: Accounting for Merchandising Operations
At the beginning of the current season on April, the ledger of Gage Pro Shop showed Cash $3,000. Inv...
Problem-2: Accounting in Action
Judi Salem opened a law office on July 1, 2018. On July 31, the balance sheet showed Cash $5,000, Ac...
Problem-10: Adjusting the Accounts
The ledger of Passehl Rental Agency on March 31 of the current year includes the selected accounts, ...
Problem-3: Accounting for Merchandising Operations
Big Box Store is located in midtown Madison. During the past several years, net income has been decl...
Problem-6: Adjusting the Accounts
Johnson Graphics Company was organized on January 1, 2019, by Cameron Johnson. At the end of the fir...
Problem-5: Plant Assets, Natural Resources and intangible Assets
At December 31, 2019, Grand Company reported the following as plant assets.
During 2020, the foll...
Problem-4: Accounting in Action
Trixie Maye started her own consulting firm, Matrix Consulting, on May 1, 2018. The following transa...
Problem-3: Adjusting the Accounts
Alena Co. was organized on July 1, 2019. quarterly financial statements are prepared. The unadjusted...
Problem-4: Accounting for Merchandising Operations
Yolanda Hagen, a former disc golf star, operates Yolanda's Discorama. At the beginning of the curren...
Problem-10: Accounting for Merchandising Operations
On September 1, Nixa Office Supply had an inventory of 30 calculators at a cost of $18 each. The com...
Problem-2: Plant Assets, Natural Resources and intangible Assets
In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in th...
Problem-2: Inventories
Glee Distribution markets CDs of the performing artist Unique. At the beginning of October, Glee had...
Problem-1: Accounting for Receivables
At December 31, 2018, House Co. reported the following information on its balance sheet.
Accounts r...
Problem-15: Inventories
Elsa's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts, Information rela...
Problem-4: Accounting Information Systems
Selected accounts from the chart of accounts of Mercer Company are shown below
101 Cash112 Accoun...
Problem-01: Corporations: Dividends, Retained Earnings, and Income Reporting
On January 1, 2020, Geffrey Corporation had the following stockholders equity accounts.
Common St...
Problem-01: Current Liabilities and Payroll Accounting
On January 1, 2020, the ledger of Accardo Company contains the following liability accounts.
Accoun...
Problem-8: Adjusting the Accounts
Devin Wolf Company has the following balances in selected accounts on December 31, 2019
All the a...
Problem-4: The Recording Process
The trial balance of Avtar Sandhu Co. Shown below does not balance
AVTAR SANDHU CO.Trial BalanceJun...
Problem-8: Inventories
Dempsey Inc is a retailer operating in British Columbia. Dempsey uses the perpetual inventory method...
Problem-3: Plant Assets, Natural Resources and intangible Assets
On January 1, 2019, Evers Company purchased the following two machines for use in its production pro...
Problem-3: Accounting Information Systems
The chart of accounts of LR Company includes the following selected accounts.
112 Accounts Receiv...
Problem-02: Current Liabilities and Payroll Accounting
The following are selected transactions of Blanco Company. Blanco prepares financial statements quar...
Problem-3: Completing the Accounting Cycle
The completed financial statement columns of the worksheet for Bray Company are shown as follows.
B...
Problem-4: Completing the Accounting Cycle
Vang Management Services began business on January 1, 2019, with a capital investment of $120,000. t...
Problem-3: Accounting for Receivables
Presented below is an aging schedule for Halleran Company.
At December 31, 2019, the unadjusted b...
Problem-1: Accounting Information Systems
Kozma Company's chart of accounts includes the following selected accounts.
101 Cash112 Accounts ...
Problem-17: Inventories
Moath Company reports the following for the month of June.
Instructions
Compute the cost of en...
Problem-9: Accounting for Merchandising Operations
Information related to Kerber Co. is presented below
On April 5, purchased merchandise from Wilkes ...
Problem-4: Adjusting the Accounts
A review of the ledger of Remina Company at December 31, 2019, produces the following data pertainin...
Problem-1: Job Order Costing
Lott Company uses a job order cost system and applies overhead to productions on the basis of direct...
Problem-3: Accounting in Action
On June 1, Cindy Godfrey started Divine Designs Co., a company that provides cash opportunities by i...
In a survey conducted of 2,000 clerks in an office it found that 48%preferred coffee (C), 54% liked Tea (T) and 64% used to smoke (S). Of the total 28% used C and T, 32%...
the number having all the three
T and S but not C
only C
Problem-01: Long-Term Liabilities
On May 1, 2019, Herron Corp. issued $600,000, 9%, 5-year bonds at face value. The bonds were dated M...
Problem-16: Plant Assets, Natural Resources and intangible Assets
Linton Company purchased a delivery truck for $34,000 on January 1, 2019. The truck has an expected ...
Completing the Accounting Cycle Adjusting the Accounts Accounting for Merchandising Operations The Recording Process Accounting in Action Inventories Plant Assets, Natural Resources, and Intangible Assets Accounting for Receivables Accounting Information Systems Corporations: Dividends, Retained Earnings, and Income Reporting Current Liabilities and Payroll Accounting Job Order Costing Sets Long-Term Liabilities