Minhajur Rahaman
Principals of Accounting Solutions
Problem-12: Accounting for Partnerships
Terry, Nick, and Frank are forming the Doctor Partnership. Terry is transferring $30,000 of personal...
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-17: Plant Assets, Natural Resources and intangible Assets
Terry Wade, the new controller of Hellickson Company, has reviewed the expected useful lives and sal...
Problem-18: Financial Statement Analysis
The income statement for Sutherland, Inc. appears below.
Additional information:
The weighted-av...
Problem-16: Accounting Information Systems
Below are some typical transactions incurred by. Ricketts Company.
Payment of creditors on account....
Problem-4: Standard Costs and Balanced Scorecard
Kansas Company uses a standard cost accounting system. In 2020, the company produced 28,000 units. E...
Problem-06: Accounting for Partnerships
Mark Rensing has prepared the following list of statements about partnerships
A partnership is an a...
Problem-04: Current Liabilities and Payroll Accounting
The following payroll liability accounts are included in the ledger of Harmon Company on January 1, ...
Problem-11: Accounting for Merchandising Operations
Presented below are transactions related to R. Humphrey Company
On December 3, R. Humphrey Compan...
Problem-14: Accounting for Receivables
On December 31, 2019, Ling Co. estimated that 2% of its net sales of $450,000 will become uncollecti...
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-03: Investments
On December 31, 2020, Turnball Associates owned the following securities held as a long-term investm...
Problem-11: Corporations: Dividends, Retained Earnings, and Income Reporting
During 2019, Roblez Corporation had the following transactions and events
Declared a cash dividend....
Problem-16: Long-Term Liabilities
The following section is taken from Ohlman Corp's balance sheet at December 31, 2020
Bond interes...
Problem-9: Cost Volume Profit
Family Furniture Corporation incurred the following costs.
Wood used in the production of furniture...
Problem-7: Managerial Accounting
Trak Corporation incurred the following costs while manufacturing its bicycles.
Instructions
Ide...
Problem-6: Budgetary Planning
Krause Industries balance sheet at December 31, 2020, is presented below.
Problem-23: Inventories
Charapata Company applied FIFO to its inventory and got the following results for its ending invento...
Problem-14: Accounting for Merchandising Operations
Tim Jarosz Company had the following account balances at year-end; Cost of Goods Sold $60,000, Inven...
Problem-7: Cost Volume Profit
Bonita Company manufactures a single product. Annual production costs incurred in the manufacturing ...
Problem-1: Accounting for Merchandising Operations
Kern's Book Warehouse distributes hardcover looks to retail stores and extends credit terms of 2/10,...
Problem 16: Incremental Analysis and Capital Budgeting
Vilas Company is considering a capital investment of $90,000 in additional productive facilities. Th...
Problem-12: Inventories
Tri-State Bank and Trust is considering giving Wilfred Company a loan. Before doing so, management d...
Problem-20: Accounting Information Systems
Selected account balances for Hulse Company at January 1, 2019 are presented below.
Accounts Payab...
Problem-14: Statement of Cash Flows
Gutierrez Company reported net income of $225,000 for 2020. Gutierrez also reported depreciation exp...
Problem-3: Budgetary Planning
Hill Industries had sales in 2020 of $6,800,000 and gross profit of $1,100,000. Management is consid...
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: Statement of Cash Flows
Suppose a recent income statement for McDonald's Corporation shows cost of goods sold $4,852.7 milli...
Problem-06: Long-Term Liabilities
Paris Electric sold $3,000,000, 10%, 10-year bonds on January 1, 2019. The bonds were dated January ...
Problem-13: Standard Costs and Balanced Scorecard
Stefani Company has gathered the following information about its product.
Direct materials. Each un...
Problem-27: Accounting for Merchandising Operations
This information relates to Nandi Co.
On April 5, purchased merchandise from Dion Company for $25...
Problem-14: Corporations: Dividends, Retained Earnings, and Income Reporting
Newland Company reported retained earnings at December 31, 2019, of $310,000. Newland had 200,000 sh...
Problem-09: Corporations: Organization and Capital Stock Transactions
Osage Corporation issued 2,000 shares of stock.
Instruction
The stock had a par value of $5 per sh...
Problem-6: Standard Costs and Balanced Scorecard
Jorgensen Corporation uses standard costs with its job order cost accounting system. In January, an ...
Problem-28: Accounting for Merchandising Operations
This information relates to Chung Co.
On April 5, purchased merchandise from Jose Company for $21...
Problem-18: Completing the Accounting Cycle
These financial statement items are for Basten Company at year-end, July 31, 2019.
Salaries and Wag...
Problem-16: Cost Volume Profit
Billings Company has the following information available for September 2020.
Problem-20: Statement of Cash Flows
Macgregor Company completed its first year of operations on December 31, 2020. Its initial income st...
Problem-12: Long-Term Liabilities
On January 1, 2019, Forrester Company issued $400,000, 8%, 5-year bonds at face value. Interest is p...
Problem-5: Cost Volume Profit
Viejol Corporation has collected the following information after its first year of sales. Sales were...
Problem-13: Accounting for Receivables
At December 31, 2019, Finzelberg Company had a credit balance of $15,000 in Allowance for Doubtful A...
Problem-20: Accounting for Partnerships
Foss, Albertson, and Espinosa are partners who share profits and losses 50%, 30% and 20% respectivel...
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-2: Budgetary Control and Responsibility Accounting
Ratchet Company uses budgets in controlling costs. The August 2020 budget report for the company's A...
Problem-22: Statement of Cash Flows
The 2020 accounting records of Blocker Transport reveal these transactions and events.
Instructio...
Problem-16: Job Order Costing
The following are the job cost related accounts for the law firm of Colaw Associates and their manuf...
Problem-9: Completing the Accounting Cycle
Worksheet data for Savaglia Company are present as follows
Savaglia Company Worksheet (partial)For ...
Problem-03: Accounting for Partnerships
The partners in Crawford Company decide to liquidate the firm when the balance sheet shows the follo...
Problem-2: Plant Assets, Natural Resources and intangible Assets
In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in th...
Business Statistics Solutions
Problem-07: Chi-Square and Analysis of Variance
To see whether silicon chip sales are independent of where the U.S. economy is in the business cycle...
Problem-39: Chi-Square and Analysis of Variance
LWP is a large multinational company, having more than 2000 employees under its payroll. The managem...
Problem-41: Testing Hypotheses: Two Sample Tests
In 1992, a survey of 50 municipal hospitals revealed an average occupancy rate of 73.6 percent, and ...
Problem-53: Measures of Central Tendency and Dispersion in Frequency Distributions
For the sample that follows, compute the.
Problem-33: Probability I: Introductory Ideas
The four floodgates of a small hydroelectric dam fail and are repaired independently of each other. ...
Problem-50: Testing Hypotheses: One Sample Tests
XCO, a multinational manufacturer, uses a batch process to produce widgets. Each batch of widgets ta...
Problem-04: Testing Hypotheses: Two Sample Tests
Block Enterprises, a manufacturer of chip s for computers, is in the process of deciding whether to ...
Problem-09: Grouping and Displaying data to convey meaning
The Environmental protection Agency took water Samples from 12 different rivers and streams that fee...
Problem-25: Probability Distributions
Harry Ohme is in charge of the electronics section of a large department store. He has noticed that ...
Problem-01: Sampling and Sampling Distributions
In a sample of 25 observations from a normal distribution with mean 98.6 and standard deviation 17.2...
Problem-58: Testing Hypotheses: One Sample Tests
What is the probability that we are rejecting a true null hypothesis when we reject the hypoth- esiz...
Problem-14: Grouping and Displaying data to convey meaning
Construct a relative frequency distribution using intervals of 4.0 lb/sq in..
Problem-13: Grouping and Displaying data to convey meaning
Universal Burger is concerned about product waste, so they sampled their burger waste record from th...
Problem-33: Probability Distributions
Guy Ford, production supervisor for the Winstead Company's Charlottesville plant, is worried about a...
Problem-34: Testing Hypotheses: One Sample Tests
Steve Cutter sells Big Blade lawn mowers in his hardware store, and he is interested in comparing th...
Problem-27: Grouping and Displaying data to convey meaning
For the purpose of performance evaluation and quota adjustment, Ralph Williams monitored the auto sa...
Problem-15: Grouping and Displaying data to convey meaning
The Bureau of Labor Statistics has sampled 30 communities nationwide and complied prices in each com...
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-20: Probability Distributions
For n = 8 trials, compute the probability that r > 1 for each of the following values of p:
Problem-06: Estimation
In a sample of 400 textile workers, 184 expressed extreme dissatisfaction regarding a prospective pl...
Problem-52: Testing Hypotheses: Two Sample Tests
Full length feature films earn huge profits for entertainment giant The Walt Disney Company. Hit mov...
Problem-48: Testing Hypotheses: One Sample Tests
As the bottom fell out of the oil market in early 1986, educators in Texas worried about how the res...
Problem-37: Grouping and Displaying data to convey meaning
Before constructing a dam on the Colorado River, the U.S. Army Corps of Engineers performed a series...
Problem-09: Testing Hypotheses: Two Sample Tests
BullsEye Discount store has always prided itself on customer service. The store hopes that all Bulls...
Problem-11: Probability Distributions
Harry Byrd, the director of publications for the Baltimore Orioles is trying to decide how many prog...
Problem-90: Probability I: Introductory Ideas
In the summer of 1995, Boeing successfully introduced into commercial airline service the 777, a lar...
Problem-35: Probability I: Introductory Ideas
A grocery store is reviewing its restocking policies and has analyzed the number of half-gallon cont...
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-58: Testing Hypotheses: Two Sample Tests
A manufacturer of pet foods was wondering whether cat owners and dog owners reacted differently to p...
Problem-48: Grouping and Displaying data to convey meaning
The U.S. Department of Labor publishes several classifi cations of the unemployment rate, as well as...
Problem-45: Testing Hypotheses: One Sample Tests
Realtor Elaine Snyderman took a random sample of 12 homes in a prestigious suburb of Chicago and fou...
Problem-32: Sampling and Sampling Distributions
Jill Johnson, product manager for Southern Electric's smoke alarm, is concerned over recent complain...
Problem-8: Testing Hypotheses: One Sample Tests
For the following cases, specify which probability distribution to use in a hypothesis test:
(a) H ...
Problem-59: Chi-Square and Analysis of Variance
Marketers know that tastes differ in various regions of the country. In the rental car business,
an...
Problem-13: Probability I: Introductory Ideas
Below is a frequency distribution of annual sales commissions from a survey of 300 media salespeople...
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-24: Chi-Square and Analysis of Variance
A supermarket manager is keeping track of the arrival of customers at checkout counters to see how m...
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-68: Probability I: Introductory Ideas
McCormick and Tryon, Inc., is a “shark watcher,” hired by fi rms fearing takeover by larger companie...
Problem-20: Measures of Central Tendency and Dispersion in Frequency Distributions
Matthews, Young and Associates, a management consulting firm, has four types of professionals on its...
Problem-50: Probability I: Introductory Ideas
A doctor has decided to prescribe two new drugs to 200 heart patients as follows: 50 get drug B, and...
Problem-43: Probability Distribution
Use the normal approximation to compute the binomial probabilities in parts (a)-(e) below.
Problem-70: Probability Distribution
The Virginia Department of Health and Welfare publishes a pamphlet, A Guide to selecting your Doctor...
Problem-03: Quality and Quality Control
For each of the following cases, find the CL, UCL, and LCL for an x chart based on the given informa...
Problem-06: Probability Distributions
Bill Jonson has bought a VCR from Jim's Videotape Service at a cost of $300. He now has the option o...
Problem-86: Probability I: Introductory Ideas
Sandy Irick is the public relations director for a large pharmaceutical fi rm that has been attacked...
Problem-19: Grouping and Displaying data to convey meaning
John Lyon, owner of Fowler's Food Store in Chapel Hill, North Carolina, has arranged his customers p...
Problem-52: Probability Distribution
Maurine Lewis, an editor for a large publishing company, calculates that it requires 11 months on av...
Problem-16: Grouping and Displaying data to convey meaning
Sarah Anne Rapp, the president of Baggit, has just obtained some raw data from a marketing survey th...
Problem-02: Testing Hypotheses: Two Sample Tests
In 1993, the Financial Accounting Standards Board (FASB) was considering a proposal to require comp...
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