Minhajur Rahaman
Principals of Accounting Solutions
Problem-04: Long-Term Liabilities
Talkington Electronics issues a $400,000, 8%, 15-year mortgage note on December 31, 2018. The procee...
Problem-15: Accounting Information Systems
Hasselback Company has the following selected transactions during March.
Mar. 2Purchased equipment ...
Problem-1: Incremental Analysis and Capital Budgeting
Three Point Sports Inc. manufactures basketballs for the Women's National Basketball Association (WN...
Problem-9: Managerial Accounting
Gala Company is a manufacturer of laptop computers. Various costs and expenses associated with its o...
Problem-3: Managerial Accounting
Incomplete manufactures costs, expenses, and selling data for two different cases are as follows
...
Problem-2: Cost Volume Profit
Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents p...
Problem-18: Managerial Accounting
The following information is available for Aikman Company.
Instructions
Compute cost of goods ma...
Problem-08: Corporations: Dividends, Retained Earnings, and Income Reporting
On January 1, 2019, Frontier Corporation had $1,000,000 of common stock outstanding that was issued ...
Problem-13: Completing the Accounting Cycle
Selected accounts for Tamora's Salon are presented below. All June 30 postings are from closing entr...
Problem-2: Incremental Analysis and Capital Budgeting
The management of Shatner Manufacturing Company is trying to decide whether to continue manufacturin...
Problem-12: Accounting for Receivables
Menge Company has accounts receivable of $93,100 at March 31. Credit terms are 2/10, n/30. At March ...
Problem-13: Corporations: Dividends, Retained Earnings, and Income Reporting
On January 1, 2020, Eddy Corporation had retained earnings of $650,000. During the year, Eddy had th...
Problem-02: Long-Term Liabilities
Kershaw Electric sold $6,000,000, 10%, 10-year bonds on January 1, 2019. The bonds were dated Januar...
Problem-15: Investments
At December 31, 2023, the trading securities for storrer; Inc. are as follows.
SecurityCostFair-val...
Problem-16: Statement of Cash Flows
The three accounts shown below appear in the general ledger of Herrick Corp. during 2020.
Instruc...
Problem-4: Budgetary Planning
Colter Company prepares monthly cash budgets. Relevant data from operating budgets for 2021 are as f...
Problem-28: Accounting for Merchandising Operations
This information relates to Chung Co.
On April 5, purchased merchandise from Jose Company for $21...
Problem-12: Budgetary Planning
Rensing Ltd. estimates sales for the second quarter of 2020 will be as follows.
Problem-8: The Recording Process
The following information relates to Sanculi Real Estate Agency:
Oct. 1
Alan Sanculi begins ...
Problem-9: The Recording Process
Marx Industries had the following transactions:
Borrowed $5,000 from the bank by signing a note.
...
Problem-13: The Recording Process
The T-accounts below summarize the ledger of Daggett Landscaping Company at the end of the first mon...
Problem-21:Cost Volume Profit
Crate Express Co. produces wooden crates used for shipping products by ocean liner. In 2020, Crate E...
Problem-22: Completing the Accounting Cycle
Victoria Lee Company had the following adjusted trial balance
Victoria Lee Company Adjusted Trial B...
Problem-10: Managerial Accounting
The administrators of Crawford Country's Memorial Hospital are interested in identifying the Various...
Problem-27: Inventories
Moath company reports the following for the month of June.
Instructions
Calculate the cost of...
Problem-19: Accounting Information Systems
Tresh Products uses both special journals and a general journal. Tresh also posts customers accounts...
Problem-13: Process Costing
The Cutting Department of Cassel company has the following production and cost data for July.Contact...
Problem-2: Budgetary Planning
Deleon Inc. is preparing its annual budgets for the year ending December 31, 2023. Accounting assist...
Problem-7: Completing the Accounting Cycle
The trial balance columns of the worksheet for Dixon Company at June 30, 2019, are as follows
DIXON...
Problem-17: Standard Costs and Balanced Scorecard
Levine Inc. which produces a single product, has prepared the following standard cost sheet for one ...
Problem-16: Adjusting the Accounts
The trial balances before and after adjustment for Turnquist Company at the end of its fiscal year a...
Problem-19: The Recording Process
Transaction data for Sanculi Real Estate Agency are presented as follows:
Oct. 1
Alan Sancul...
Problem-01: Current Liabilities and Payroll Accounting
On January 1, 2020, the ledger of Accardo Company contains the following liability accounts.
Accoun...
Problem-3: Incremental Analysis and Capital Budgeting
Last year (2020), Richter Condos installed a mechanized elevator for its tenants. The owner of the c...
Problem-14: Budgetary Planning
Rodriguez, Inc, is preparing its direct labor budget for 2020 from the following production budget b...
Problem-23: Completing the Accounting Cycle
The adjusted trial balance for Okabe Company is presented bellow
Okabe Company Adjusted Trial Blanc...
Problem-17: Adjusting the Accounts
At Sekon Company prepayments are debited to expense when paid, and unearned revenues are credited to...
Problem-9: Inventories
Wittmann Co. began operations on July 1. It uses a perpetual inventory system During July, the compa...
Problem-10: The Recording Process
Halladay Enterprises had the following selected transactions:
1
Bo Halladay invested $4,000 ...
Problem-23: Inventories
Charapata Company applied FIFO to its inventory and got the following results for its ending invento...
Problem-13: Corporations: Organization and Capital Stock Transactions
Rinehart Corporation purchased from its stockholders 5,000 shares of its own previously issued stock...
Problem-05: Corporations: Organization and Capital Stock Transactions
The following stockholders equity accounts arranged alphabetically are in the ledger of Galindo Corp...
Problem-8: Job Order Costing
A job order sheet for Ryan Company is Shown below.
Instructions
On the basis of the foregoing da...
Problem-10: Accounting for Partnerships
Coburn (beginning capital, $60,000) and Webb (beginning capital $90,000) are partners. During 2019, ...
Problem-18: Inventories
Shawn Company had 100 units in beginning inventory at a total cost of $10,000. The company purchased...
Problem-14: Accounting Information Systems
Francisco Company uses the columnar cash journals illustrated in the textbook. In April, the followi...
Problem-01: Accounting for Partnerships
The post-closing trial balances of two proprietorships on January 1, 2019, are presented below.
A...
Problem-21: Standard Costs and Balanced Scorecard
Manufacturing overhead data for the production of product H by shakira company are as follows.
Problem-21: Long-Term Liabilities
Gilliland Airlines is considering two alternatives for the financing of a purchase of fleet of airpl...
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...
Business Statistics Solutions
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-31: Probability I: Introductory Ideas
George, Richard, Paul, and John play the following game. Each man takes one of four balls numbered 1...
Problem-31: Testing Hypotheses: One Sample Tests
Before the 1973 oil embargo and subsequent increases in the price of crude oil, gasoline usage in th...
Problem-01: Quality and Quality Control
For each of the following cases, fi nd the CL, UCL, and LCL for an x chart based on the given inform...
Problem-57: Probability Distribution
Explain in your own words the difference between discrete and continuous random variables. What diff...
Problem-28: Chi-Square and Analysis of Variance
The following data show the number of claims processed per day for a group of four insurance company...
Problem-12: Estimation
The University of North Carolina is conducting a study on the average weight of the many bricks that...
Problem-33: Testing Hypotheses: One Sample Tests
A ketchup manufacturer is in the process of deciding whether to produce a new extra-spicy brand. The...
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-51: Probability I: Introductory Ideas
Two related experiments are performed. The first has three possible mutually exclusive outcomes: A,B...
Problem-23: Testing Hypotheses: Two Sample Tests
Aquarius Health Club has been advertising a rigorous program for body conditioning. The club claims ...
Problem-27: Testing Hypotheses: One Sample Tests
Generally Electric has developed a new bulb whose design specifications call for a light out- put of...
Problem-45: Grouping and Displaying data to convey meaning
The High Point Fastener Company produces 15 basic items. The company keeps records on the number of ...
Problem-42: Testing Hypotheses: Two Sample Tests
General Cereals has just concluded a new advertising campaign for Fruit Crunch, its allnatural break...
Problem-14: Measures of Central Tendency and Dispersion in Frequency Distributions
Bennett Distributions Company, a subsidiary of a major appliance manufacture, is forecasting regiona...
Problem-58: Measures of Central Tendency and Dispersion in Frequency Distributions
MacroSwift has decided to develop a new software program designed for CEOs and other high-level exec...
Problem-28: Testing Hypotheses: One Sample Tests
Maxwell’s Hot Chocolate is concerned about the effect of the recent year-long coffee adver- tising c...
Problem-18: Probability Distributions
For a binomial distribution with n = 15 and p = 0.2, use Appendix Table 3 to find
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-74: Probability I: Introductory Ideas
F. Liam Laytor, supervisor of customer relations for GLF Airlines, is studying his company’s overboo...
Problem-54: Probability I: Introductory Ideas
EconOcon is planning its company picnic. The only thing that will cancel the picnic is a thunderstor...
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-46: Probability Distribution
The manager of a Spitty Lube auto lubrication shop is trying to revise his policy on ordering grease...
Problem-54: Probability Distribution
The Nobb Door Company manufactures doors for recreational vehicles.
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-08: Sampling and Sampling Distributions
The average cost of a studio condominium in the Cedar Lakes development is $62,000 and the standard ...
Problem-43: Testing Hypotheses: One Sample Tests
Given a sample mean of 94.3, a sample standard deviation of 8.4, and a sample size of 6, test the hy...
Problem-17: Grouping and Displaying data to convey meaning
Here are the ages of 30 people who bought video recorders at symphony Music Shop last week:
Problem-04: Probability Distributions
From the following graph of a probability distribution.
Problem-03: Probability I: Introductory Ideas
Which of the following are pairs of mutually exclusive events in the drawing of one card from a stan...
Problem-23: Chi-Square and Analysis of Variance
A diligent statistics student wants to see whether it is reasonable to assume that some sales data h...
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-23: Grouping and Displaying data to convey meaning
Stock exchange listings usually contain the company name, the high and low bids, the closing price, ...
Problem-22: Probability Distributions
Diane Bruns is the mayor of a large city Lately, she become concerned about the possibility that lar...
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-31: Chi-Square and Analysis of Variance
We are interested in testing for differences in the palatability of three spicy salsas: A, B, and C....
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-10: Estimation
From a population known to have a standard deviation of 1.4, a sample of 60 individuals is taken. Th...
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-17: Estimation
From a population of 540, a sample of 60 individuals is taken. From this sample, the mean is found t...
Problem-63: Probability I: Introductory Ideas
Congressman Bob Forehead has been thinking about the upcoming midterm elections and has prepared the...
Problem-24: Testing Hypotheses: Two Sample Tests)
Donna Rose is a production supervisor on the disk-drive assembly line at Winchester Technologies. Wi...
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-64: Probability Distribution
Reginald Dunfey, president of British World Airlines, is fiercely proud of his company's on-time per...
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-09: Chi-Square and Analysis of Variance
A financial consultant is interested in the differences in capital structure within different firm s...
Problem-44: Measures of Central Tendency and Dispersion in Frequency Distributions
The ages of residents of Twin Lakes Retirement Village have this frequency distribution:
ClassFrequ...
Problem-79: Probability I: Introductory Ideas
Two-fi fths of clients at Show Me Realty come from an out-of-town referral network, the rest are loc...
Problem-28: Testing Hypotheses: Two Sample Tests)
On Friday, 11 stocks in a rand om sample of 40 of the roughly 2,500 stocks traded on the New York St...
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-3: Adjusting the Accounts
Alena Co. was organized on July 1, 2019. quarterly financial statements are prepared. The unadjusted...
Problem-4: Accounting in Action
Trixie Maye started her own consulting firm, Matrix Consulting, on May 1, 2018. The following transa...
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: Corporations: Organization and Capital Stock Transactions
DeLong Corporation was organized on January 1, 2020. It is authorized to issue 10,000 shares of 8%, ...
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...
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 Corporations: Organization and Capital Stock Transactions Long-Term Liabilities