Minhajur Rahaman
Principals of Accounting Solutions
Problem-19: The Recording Process
Transaction data for Sanculi Real Estate Agency are presented as follows:
Oct. 1
Alan Sancul...
Problem-5: Accounting for Receivables
At December 31, 2019, the trial balance of Darby Company contained the following accounts before adj...
Problem-18: Budgetary Control and Responsibility Accounting
Fey Company's organization chart includes the president; the vice president of production; three ass...
Problem-14: Job Order Costing
At May 31, 2020, the accounts of Lopez Company show the following.
May 1 inventories - finished goo...
Problem-19: Standard Costs and Balanced Scorecard
You have been given the following information about the production of Usher Co, and are asked to pro...
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-2: Accounting Information Systems
Reineke Company's chart of accounts includes the following selected accounts.
101 Cash120 Merchan...
Problem-04: Current Liabilities and Payroll Accounting
The following payroll liability accounts are included in the ledger of Harmon Company on January 1, ...
Problem-3: Inventories
Sekhon Company had a beginning inventory on January 1 of 160 units of Product 4-18-19 at a cost of $...
Problem-6: Budgetary Control and Responsibility Accounting
Durham Company uses a responsibility system. It has division in Denver, Seattle, and San Diego. Each...
Problem-4: Budgetary Planning
Colter Company prepares monthly cash budgets. Relevant data from operating budgets for 2021 are as f...
Problem-20: Long-Term Liabilities
The adjusted trial balance for Karr Farm Corporation at the end of the current year contained the fo...
Problem-2: Accounting for Receivables
Information related to Mingenback Company for 2019 is summarized below.
Total credit sales$2,500,00...
Problem-15: Long-Term Liabilities
Whitmore Company issued $500,000 of 5-year, 8% bonds at 97 on January 1, 2021. the bonds pay interes...
Problem-19: Process Costing
David Skaros has recently been promoted to production manager. He has just started to receive variou...
Problem-24: Budgetary Control and Responsibility Accounting
The Ferrell Transportation Company uses a responsibility reporting system to measure the performance...
Problem-04: Accounting for Partnerships
At April 30, partners capital balances in PDL Company are G. Donley $52,000, C. Lamar $48,000, and J...
Problem-15: Completing the Accounting Cycle
Patel Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant m...
Problem-3: Standard Costs and Balanced Scorecard
Rudd Clothiers is a small company the manufactures tall- men's suits. The company has used a standar...
Problem-1: Budgetary Planning
Cook From Supply Company manufactures and sells a pesticide called Snare. The following data are pre...
Problem-4: Accounting in Action
Trixie Maye started her own consulting firm, Matrix Consulting, on May 1, 2018. The following transa...
Problem-23: Standard Costs and Balanced Scorecard
Ceelo Company purchased (at a cost of $10,200) and used 2,400 pounds of materials during May. Ceelo...
Problem-10: Process Costing
The ledger of American Company has the following work in process account.
Production records show...
Problem-1: Accounting for Receivables
At December 31, 2018, House Co. reported the following information on its balance sheet.
Accounts r...
Problem-01: Process Costing
Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing an...
Problem-20: Accounting Information Systems
Selected account balances for Hulse Company at January 1, 2019 are presented below.
Accounts Payab...
Problem-12: Statement of Cash Flows
Condensed financial data of Oakley Company appear below.
Oakley CompanyComparative Balance SheetsDe...
Problem-25: Plant Assets, Natural Resources and intangible Assets
Rizzo's Delivery Company and Overland's Express Delivery exchanged delivery trucks on January 1, 201...
Problem-21: Standard Costs and Balanced Scorecard
Manufacturing overhead data for the production of product H by shakira company are as follows.
Problem-10: Job Order Costing
Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead co...
Problem-15: Accounting for Receivables
Presented below are two independent situations.
On March 3, Kitselman Appliances sells $650,000 of ...
Problem-13: Plant Assets, Natural Resources and intangible Assets
Tom Parkey has prepared the following list of statements about depreciation.
Depreciation is a proc...
Problem-13: Budgetary Control and Responsibility Accounting
Rensing Groomers is in the dog-grooming business. Its operating cost are described by the following ...
Problem-03: Corporations: Organization and Capital Stock Transactions
The stockholders equity accounts of Castle Corporation on January 1, 2020, were as follows
Preferre...
Problem-1: Standard Costs and Balanced Scorecard
Rogen Corporation manufactures product. The standard cost per unit of product is shown below.
Direc...
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-3: Job Order Costing
Case Inc. is a construction company specializing in custom patios. The patios are constructed of con...
Problem-24: Inventories
This information is available for Abdullah's Photo Corporation for 2017, 2018, and 2019.
Instruct...
Problem-6: The Recording Process
Kim Yi has prepared the following list of statements about accounts:
An account is an accounting ...
Problem-7: Accounting Information Systems
Nex Company uses both special journals and a general journal. On June 30, after all monthly postings...
Problem-20: Current Liabilities and Payroll Accounting
Podsednik Corporation has 20 employees who each earn $140 a day. The following information is availa...
Problem-18: Accounting for Partnerships
N. Essex, Cgilmore, and C. Heganbart have capital balances of $50,000, $50,000, and $30,000 respecti...
Problem-14: The Recording Process
Presented below is the ledger for Shumway Co.
Instructions
Reproduce the journal entries for t...
Problem-12: Managerial Accounting
Lopez Corporation incurred the following costs while manufacturing its product.
Work in process i...
Problem-17: Job Order Costing
Don Lieberman and Associates, a CPA firm, uses job order costing to capture costs of its audit jobs....
Problem-09: Long-Term Liabilities
On January 1, 2021, Lock Corporation issued $1,800,000 face value, 5%, 10-year bonds at $1,667,518. ...
Problem-1: Accounting Information Systems
Kozma Company's chart of accounts includes the following selected accounts.
101 Cash112 Accounts ...
Business Statistics Solutions
Problem-09: Testing Hypotheses: Two Sample Tests
BullsEye Discount store has always prided itself on customer service. The store hopes that all Bulls...
Problem-21: Estimation
The West view High School nurse is interested in knowing the average height of seniors at this schoo...
Problem-08: Estimation
For a population with a known variance of 185, a sample of 64 individuals leads to 217 as an estimat...
Problem-03: Testing Hypotheses: Two Sample Tests
Two independent samples were collec ted. For the fi rst sample of 42 items, the mean was 32.3 and t...
Problem-24: Probability I: Introductory Ideas
The HAL Corporation wishes to improve the resistance of its personal computer to disk-drive and keyb...
Problem-68: Testing Hypotheses: One Sample Tests
A company, recently criticized for not paying women as much as men working in the same positions, cl...
Problem-44: Probability I: Introductory Ideas
If a hurricane forms in the eastern half of the Gulf of Mexico, there is a 76 percent chance that it...
Problem-09: Probability Distributions
The fire marshal of Baltimore County, Maryland, is compiling a report on single-family-dwelling fire...
Problem-25: Measures of Central Tendency and Dispersion in Frequency Distributions
The Birch Company, a manufacturer of electrical circuit boards, has manufactured the following numbe...
Problem-11: Probability Distributions
Harry Byrd, the director of publications for the Baltimore Orioles is trying to decide how many prog...
Problem-15: Testing Hypotheses: One Sample Tests
What is the relationship between the significance level of a test and Type I error?Contact us for th...
Problem-37: Probability Distribution
The U.S. Bureau of printing and Engraving is responsible for printing this country's paper money.
Problem-34: Chi-Square and Analysis of Variance
The manufacturer of silicon chips requires so-called clean rooms, where the air is specially filtere...
Problem-28: Probability Distributions
Given a binomial distribution with n = 30 trials and p = 0.04, use the poisson approximation to the ...
Problem-07: Sampling and Sampling Distributions
An astronomer at the Mount Palomar Observatory notes that during the Gemind meteor shower, an averag...
Problem-26: Grouping and Displaying data to convey meaning
The president of Ocean Airlines is trying to estimate when the Federal Aviation Administration is mo...
Problem-30: Sampling and Sampling Distributions
HAL Corporation manufactures large computer systems and has always prided itself on the reliability ...
Problem-39: Grouping and Displaying data to convey meaning
At a newspaper office, the time required to set the entire front page in type was recorded for 50 da...
Problem-40: Testing Hypotheses: Two Sample Tests
Clic Pens has tested two types of point-of-purchase displays for its new erasable pen. A shelf displ...
Problem-56: Probability Distribution
What characteristics of a situation help to determine which is the appropriate distribution to use?
...
Problem-23: Measures of Central Tendency and Dispersion in Frequency Distributions
Hayes Textiles has shown the following percentage increase in net worth over the last 5 years.
Problem-77: Testing Hypotheses: One Sample Tests
A stockbroker claims that she can predict with 85 percent accuracy whether a stock’s market value wi...
Problem-78: Probability I: Introductory Ideas
Determine the probability that
(a) Both engines on a small airplane fail, given that each engine fa...
Problem-40: Probability I: Introductory Ideas
Given that P(A) = 3/14, P(B) = 1/3, P(AC) = 1/7 , and P(B|C) = 5/21, find the following probabilitie...
Problem-51: Grouping and Displaying data to convey meaning
If the following age groups are included in the proportions indicated, how many of each age group sh...
Problem-19: Sampling and Sampling Distributions
Given a population of size N = 80 with a mean of 22 and a standard deviation of 3.2 what is the prob...
Problem-37: Chi-Square and Analysis of Variance
The Government Accounting Office (GAO) is interested in seeing whether similar-sized offices spend ...
Problem-06: Grouping and Displaying data to convey meaning
The orange County Transportation Commission is concerned about the speed motorists are driving on a ...
Problem-03: Grouping and Displaying data to convey meaning
Transmission Fix-It stores recorded the number of service tickets submitted by each of its 20 stores...
Problem-86: Probability I: Introductory Ideas
Sandy Irick is the public relations director for a large pharmaceutical fi rm that has been attacked...
Problem-51: Testing Hypotheses: Two Sample Tests
In October 1992, a survey of 120 macroeconomists found 87 who believed that the recession had alread...
Problem-08: Sampling and Sampling Distributions
The average cost of a studio condominium in the Cedar Lakes development is $62,000 and the standard ...
Problem-08: Grouping and Displaying data to convey meaning
A recent concerning the habits of U.S. cable television consumers produced the following data.
Problem-73: Testing Hypotheses: One Sample Tests
Approximately 65 percent of all adults in the United States are3 married is the proportion of marrie...
Problem-17: Measures of Central Tendency and Dispersion in Frequency Distributions
Keyes Home Furnishings ran six local newspaper advertisements during December.
Problem-5: Testing Hypotheses: One Sample Tests
Sports and media magnate Ned Sterner is interested in purchasing the Atlanta Stalwarts if he can be ...
Problem-53: Testing Hypotheses: One Sample Tests
A manufacturer of petite women’s sportswear has hypothesized that the average weight of the women bu...
Problem-49: Measures of Central Tendency and Dispersion in Frequency Distributions
Ed Grant is the director of the Student Financial Aid Office at Wilderness College. He has used avai...
Problem-21: Testing Hypotheses: One Sample Tests
The statistics department installed energy-efficient lights, heaters, and air conditioners last year...
Problem-02: Probability I: Introductory Ideas
Give the probability for each of the following totals in the rolling of two dice: 1, 2, 5, 6, 7, 10,...
Problem-29: Grouping and Displaying data to convey meaning
Doug Atkinson is the owner and ticket collector for a ferry that transports people and cars from Lon...
Problem-35: Testing Hypotheses: Two Sample Tests
Approximately what is the prob value for the test in Self-Check Exercise 9-3 on page 448?
Contact u...
Problem-27: Measures of Central Tendency and Dispersion in Frequency Distributions
Over a 3 week period, a store owner purchased $120 worth of acrylic sheeting for new display cases i...
Problem-62: Grouping and Displaying data to convey meaning
The telephone system used by PHM, a mail-order company, keeps track of how many customers tried to c...
Problem-48: Chi-Square and Analysis of Variance
For two populations thought to have the same variance, the following information was found.
A sampl...
Problem-72: Testing Hypotheses: One Sample Tests
The median number of children in U>S. households is 2. At a 10 percent significance level.Contact us...
Problem-71: Probability I: Introductory Ideas
In a staff meeting called to address the problem of returned checks at the supermarket where you are...
Problem-45: Probability I: Introductory Ideas
Al Cascade, president of the Litre Corporation, is studying his company's chances of being awarded a...
Problem-05: Testing Hypotheses: Two Sample Tests
Two research laboratories have independently produced drugs that provide relief to arthritis suffere...
Problem-62: Testing Hypotheses: One Sample Tests
Federal environmental statutes applying to a particular nuclear power plant specify that recy- cled ...
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: Accounting for Merchandising Operations
Kern's Book Warehouse distributes hardcover looks to retail stores and extends credit terms of 2/10,...
Problem-1: The Recording Process
Holz Disc Golf Course was opened on March 1 by Ian Holz. The following selected events and transacti...
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-2: Plant Assets, Natural Resources and intangible Assets
In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in th...
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: 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: Inventories
Dempsey Inc is a retailer operating in British Columbia. Dempsey uses the perpetual inventory method...
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-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-9: Accounting for Merchandising Operations
Information related to Kerber Co. is presented below
On April 5, purchased merchandise from Wilkes ...
Problem-17: Inventories
Moath Company reports the following for the month of June.
Instructions
Compute the cost of en...
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...
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 ...
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-01: Corporations: Organization and Capital Stock Transactions
DeLong Corporation was organized on January 1, 2020. It is authorized to issue 10,000 shares of 8%, ...
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 Long-Term Liabilities Corporations: Organization and Capital Stock Transactions