Minhajur Rahaman
Principals of Accounting Solutions
Problem-20: Current Liabilities and Payroll Accounting
Podsednik Corporation has 20 employees who each earn $140 a day. The following information is availa...
Problem-1: Fraud, Internal Control, and Cash
Forney Company maintains a petty cash fund for small expenditures. The following transactions occurr...
Problem 9: Incremental Analysis and Capital Budgeting
Moonbeam Company manufactures toasters. For the first 8 months of 2020, the company reported the fol...
Problem-17: Process Costing
Overton Company has gathered the following information.
Instructions
Compute equivalent units of...
Problem-22: Standard Costs and Balanced Scorecard
Byrd Company produces one product, a putter called GO-putter. Byrd use a standard cost system and de...
Problem-12: Job Order Costing
Crawford Corporation incurred the following transactions.
Purchased raw materials on account $46,30...
Problem-7: Accounting for Merchandising Operations
Kayla Incorporation operates a retail operation that purchases and sells home entertainment products...
Problem-14: Process Costing
The Sanding Department of Quik Furniture Company has the following production and manufacturing cost...
Problem-01: Process Costing
Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing an...
Problem-10: Accounting for Receivables
Presented below are two independent situations
On January 6, Brumbaugh Co. sells merchandise on acc...
Problem-06: Accounting for Partnerships
Mark Rensing has prepared the following list of statements about partnerships
A partnership is an a...
Problem-21: Long-Term Liabilities
Gilliland Airlines is considering two alternatives for the financing of a purchase of fleet of airpl...
Problem-1: Managerial Accounting
Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accept...
Problem-16: Investments
Data for investments in stock classified as trading securities are presented in E 16-10. Assume inst...
Problem-3: Accounting in Action
On June 1, Cindy Godfrey started Divine Designs Co., a company that provides cash opportunities by i...
Problem-11: Plant Assets, Natural Resources and intangible Assets
Benedict Company incurred the following costs.
Instructions
Indicate to which account Benedict w...
Problem-4: Inventories
The management of Gresa Inc. is reevaluating the appropriateness of using its present inventory cost...
Problem-4: Accounting for Merchandising Operations
Yolanda Hagen, a former disc golf star, operates Yolanda's Discorama. At the beginning of the curren...
Problem-17: Budgetary Planning
Kirkland Company combines its operating expenses for budget purposes in a selling and administrative...
Problem-11: Completing the Accounting Cycle
Selected worksheet data for Rose Company are presented below.
Instructions
Fill the missing amou...
Problem-25: Accounting for Merchandising Operations
On January 1, 2019, Brooke Hanson Corporation had inventory of $50,000. At December 31, 2019, Brooks...
Problem-07: Investments
Jenek Corporation had the following transactions pertaining to debt investments
Purchased 50 9%, $1...
Problem-2: Fraud, Internal Control, and Cash
On May 31, 2019, Rober Company had a cash balance per books of $6,781.50. tha bank statement from Ne...
Problem-23: Completing the Accounting Cycle
The adjusted trial balance for Okabe Company is presented bellow
Okabe Company Adjusted Trial Blanc...
Problem-15: Cost Volume Profit
In 2020, Manhoff Company had a break-event point of $350,000 based on a selling price of $5 per unit...
Problem-15: Accounting Information Systems
Hasselback Company has the following selected transactions during March.
Mar. 2Purchased equipment ...
Problem-18: Job Order Costing
Tombert Decorating uses a job order cost system to collect the cost of its interior decorating busin...
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-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 12: Incremental Analysis and Capital Budgeting
Johnson Enterprises uses a computer to handle its sales invoices..
Problem-10: Inventories
Bao Company lost all of its inventory in a fire on December 26, 2019. The accounting records showed ...
Problem 11: Incremental Analysis and Capital Budgeting
Anna Garden recently opened her own baskerweaving studio.
Problem-18: Financial Statement Analysis
The income statement for Sutherland, Inc. appears below.
Additional information:
The weighted-av...
Problem-9: Standard Costs and Balanced Scorecard
Using the information in P25-1A, compute the overhead controllable variance and the overhead volume ...
Problem-14: Accounting for Partnerships
Data for Sedgwick Company are presented bellow.
At December 31, Sedqwick Company has cash $20,000...
Problem-4: The Recording Process
The trial balance of Avtar Sandhu Co. Shown below does not balance
AVTAR SANDHU CO.Trial BalanceJun...
Problem-1: Cost Volume Profit
Vin Diesel owns the Fredonia Barber Shop. He employs four barbers and pays each a base rate of $1,25...
Problem-5: Accounting for Receivables
At December 31, 2019, the trial balance of Darby Company contained the following accounts before adj...
Problem-18: Accounting for Partnerships
N. Essex, Cgilmore, and C. Heganbart have capital balances of $50,000, $50,000, and $30,000 respecti...
Problem-2: Standard Costs and Balanced Scorecard
Ayala Corporation accumulates the following data relative to jobs started and finished during the mo...
Problem-31: Inventories
Kicks Shoe Store uses the retail inventory method for its two departments. Women's Shoe and Men's Sh...
Problem-6: Plant Assets, Natural Resources and intangible Assets
Ceda Co. has equipment that cost $80,000 and that has been depreciated $50,000.
Instructions
Rec...
Problem-17: Long-Term Liabilities
Presented below are three independent situations.
Longbine Corporation redeemed $130,000 face val...
Problem-19: Accounting for Merchandising Operations
In 2019, Laquen Company had net sales of $900,000 and cost of goods sold of $522,000. Operating expe...
Problem-5: Job Order Costing
Phillips Corporation's fiscal year ends on November 30. The following accounts are found in its job ...
Problem-20: Accounting for Receivables
Vandiver Company had the following select transactions
Apr. 1, 2019Accepted Goodwin Company's 12-mo...
Problem-22: Budgetary Planning
Nieto Company budgeted sales and direct materials purchases are as follows.
Problem-15: Inventories
Elsa's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts, Information rela...
Problem-10: Process Costing
The ledger of American Company has the following work in process account.
Production records show...
Business Statistics Solutions
Problem-32: Sampling and Sampling Distributions
Jill Johnson, product manager for Southern Electric's smoke alarm, is concerned over recent complain...
Problem-69: Probability I: Introductory Ideas
As the administrator of a hospital, Cindy Turner wants to know what the probability is that a person...
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-61: Grouping and Displaying data to convey meaning
Virginia Suboleski is an aircraft maintenance supervisor. A recent delivery of bolts from a new supp...
Problem-08: Measures of Central Tendency and Dispersion in Frequency Distributions
A Cosmetics manufacturer recently purchased a machine to fill 3-ounce cologne bottles. To test the a...
Problem-25: Probability Distributions
Harry Ohme is in charge of the electronics section of a large department store. He has noticed that ...
Problem-14: Testing Hypotheses: Two Sample Tests
To celebrate their fi rst anniversary, Randy Nelson decided to buy a pair of diamond earrings for hi...
Problem-01: Testing Hypotheses: Two Sample Tests
Two independent samples of observations were collected. For the fi rst sample of 60 elements, the me...
Problem-66: Grouping and Displaying data to convey meaning
BMT, Inc., manufactures performance equipment for cars used in various types of racing. It has gathe...
Problem-15: Measures of Central Tendency and Dispersion in Frequency Distributions
A professor has decided to use a weighted average in figuring final grades for this seminar students...
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-41: Chi-Square and Analysis of Variance
Given a sample standard deviation of 6.4 from a sample of 15 observations, construct a 90 percent co...
Problem-26: Measures of Central Tendency and Dispersion in Frequency Distributions
Bob Headen is calculating the average growth factor for this stereo store over the last 6 years. Usi...
Problem-19: Chi-Square and Analysis of Variance
The post offi ce is interested in modeling the mangled-letter problem. It has been suggested that an...
Problem-05: Estimation
Electric Pizza was considering national distribution of its regionally successful product and was co...
Problem-33: Grouping and Displaying data to convey meaning
Here is a frequency distribution of the length of phone calls made by 175 people during a Labor Day ...
Problem-74: Testing Hypotheses: One Sample Tests
Refer to Exercise 8-26. Compute the power of the test for μ = $41.95, $42.95, and $43.95.Contact us ...
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-8: Testing Hypotheses: One Sample Tests
For the following cases, specify which probability distribution to use in a hypothesis test:
(a) H ...
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-61: Testing Hypotheses: Two Sample Tests
A firm is considering offering new-hire MBAs a housing allowance to compensate for differences in th...
Problem-31: Testing Hypotheses: Two Sample Tests)
A group of clinical physicians is performing tests on patients to determine the effectiveness of a n...
Problem-11: Probability I: Introductory Ideas
Determine the probability of the following events in drawing a card from a standard deck of 52 cards...
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-01: Measures of Central Tendency and Dispersion in Frequency Distributions
The frequency distribution below represents the weights in pounds of a sample of packages carried la...
Problem-39: Testing Hypotheses: One Sample Tests
MacroSwift estimated last year that 35 percent of potential software buyers were planning to wait to...
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-65: Probability Distribution
Marvin Thornbury, an attorney working for the Legal Aid Socity, estimates that on average, seven of ...
Problem-02: Measures of Central Tendency and Dispersion in Frequency Distributions
Davis Furniture Company has a revolving credit agreement with the fast National Bank. The loan showe...
Problem-40: Grouping and Displaying data to convey meaning
Chien-Ling Lee owns a CD store specializing in spoken-word recordings. Lee has 35 months of gross sa...
Problem-10: Testing Hypotheses: Two Sample Tests
consumer-research organization routinely selects several car models each year and evaluates their f...
Problem-58: Probability I: Introductory Ideas
A state Democratic official has decided that changes in the state unemployment rate will have a majo...
Problem-30: Sampling and Sampling Distributions
HAL Corporation manufactures large computer systems and has always prided itself on the reliability ...
Problem-34: Probability Distributions
On average, five birds hit the Washington Monument and are killed each week. Bill Garcy, an official...
Problem-24: Testing Hypotheses: Two Sample Tests)
Donna Rose is a production supervisor on the disk-drive assembly line at Winchester Technologies. Wi...
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-22: Sampling and Sampling Distributions
An underwater salvage team is preparing to explore a site off the coast of Florida where an entire f...
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-68: Grouping and Displaying data to convey meaning
Jeanne Moreno’s employer, the state Department of Transportation, recently worked with a nearby comp...
Problem-11: Sampling and Sampling Distributions
Clara Voyant, Whose job is predicting the future for her venture capital company, has just received ...
Problem-76: Testing Hypotheses: One Sample Tests
Refer to Exercise SC 8-5. Compute the power of the test for μ = 14,000, 13,500, and 13,000.Contact u...
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-54: Testing Hypotheses: Two Sample Tests
Fifty-eight of 2,000 randomly sampled corporations had their 1995 federal income tax returns audited...
Problem-06: Quality and Quality Control
Track Bicycle Parts manufactures precision ball bearings for wheel hubs, bottom brackets, head sets,...
Problem-21: Testing Hypotheses: Two Sample Tests
Jeff Richardson, the receiving clerk for a chemical-products distributor, is faced with the continui...
Problem-65: Probability I: Introductory Ideas
The scheduling offi cer for a local police department is trying to decide whether to schedule additi...
Problem-52: Probability I: Introductory Ideas
Martin Coleman, credit manager for Back's knows that the company uses three methods to encourage col...
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-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...
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