Description
Please follow the directions on the attached document. No plagiarism, Include intro, conclusion, and works cited page in MLA format.
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Explanation & Answer
Review
Review
Anonymous
Excellent! Definitely coming back for more study materials.
Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Most Popular Content
5 pages
Managerial Finance Final
Intrinsic value per share = Value of Equity / Number of shares Call option – It is a contract that allows an individual ...
Managerial Finance Final
Intrinsic value per share = Value of Equity / Number of shares Call option – It is a contract that allows an individual to sell a security for ...
Complete 2 part assignment for Financial Accounting Course NO PLAGIARISM
Week 1 Problem SetsPart 1•Exercise 1-9A on page 40Exercise 1-9A Components of the accounting equation Jones Enterprises ...
Complete 2 part assignment for Financial Accounting Course NO PLAGIARISM
Week 1 Problem SetsPart 1•Exercise 1-9A on page 40Exercise 1-9A Components of the accounting equation Jones Enterprises was started when it acquired $6,000 cash from creditors and $10,000 from owners. The company immediately purchased land that cost $12,000. Required a. Record the events under an accounting equation. b. After all events have been recorded, Jones’s obligations to creditors represent what percent of total assets? c. After all events have been recorded, Jones’s stockholders’ equity represents what percent of total assets? d. Assume the debt is due. Given that Jones has $10,000 in stockholders’ equity, can the company repay the creditors at this point? Why or why not?•Exercise 1-10A on page 40Exercise 1-10A Components of the accounting equation Common RetainedAssets 5 Liabilities 1 Stock 1 EarningsAllen $10,000 5 $7,500 1 $2,000 1 $ 500White $12,000 5 $3,000 1 $7,200 1 $1,800 Required a. Based on this information alone, can you determine whether White can pay a $2,000 cash dividend? Why or why not? b. Reconstruct the accounting equation for each company using percentages on the right side of the equation instead of dollar values. Which company is more financially stable? Why? c. Assume Allen incurs a $3,500 operating loss. The remaining assets are sold for the value shown on the books, and the cash proceeds are distributed to the creditors and investors. How much money will be paid to creditors and how much will be paid to investors? d. Assume White incurs a $3,500 operating loss. The remaining assets are sold for the value shown on the books, and the cash proceeds are distributed to the creditors and investors. How much money will be paid to creditors and how much will be paid to investors?•Exercise 1-4A on page 38Exercise 1-4A Missing information in the accounting equation Required Calculate the missing amounts in the following table. Stockholders’ Equity Company Retained Company Assets 5 Liabilities 1 Stock 1 Ear n ings A $ ? $25,000 48,000 $50,000 B 40,000 ? 7,000 30,000 C 75,000 15,000 ? 42,000 D 125,000 45,000 60,000 ?•Exercise 1-7A on page 39Exercise 1-7A Missing information and recording events As of December 31, 2016, Moss Company had total cash of $195,000, notes payable of $90,500, and common stock of $84,500. During 2017, Moss earned $42,000 of cash revenue, paid $24,000 for cash expenses, and paid a $3,000 cash dividend to the stockholders. Required a. Determine the amount of retained earnings as of December 31, 2016. b. Create an accounting equation and record the beginning account balances under the appropriate elements. c. Record the revenue, expense, and dividend events under the appropriate elements of the accounting equation created in Requirement b . d. Prove the equality of the accounting equation as of December 31, 2017. e. Identify the beginning and ending balances in the Cash and Common Stock accounts. Explain why the beginning and ending balances in the Cash account are different but the beginning and ending balances in the Common Stock account remain the same.•Exercise 1-6A on page 39Exercise 1-6A E f fect of transactions on general ledger accounts At the beginning of 2016, Better Corp.’s accounting records had the following general ledger accounts and balances.BETTER CORP. Accounting Equation Acct. Titles Event Assets 5 Liabilities 1 Stockholders’ Equity for RE Notes Common Retained Cash Land Payable Stock Earnings Balance 1/1/2016 10,000 20,000 12,000 7,000 11,000Better Corp. completed the following transactions during 2016: 1. Purchased land for $5,000 cash. 2. Acquired $25,000 cash from the issue of common stock. 3. Received $75,000 cash for providing services to customers. 4. Paid cash operating expenses of $42,000. 5. Borrowed $10,000 cash from the bank. 6. Paid a $5,000 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $35,000. Required a. Record the transactions in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table. b. As of December 31, 2016, determine the total amount of assets, liabilities, and stockholders’ equity and present this information in the form of an accounting equation. c. What is the amount of total assets, liabilities, and stockholders’ equity as of January 1, 2017?•Exercise 1-8A on page 39Exercise 1-8A Account titles and the accounting equation The following account titles were drawn from the general ledger of Holt Food Supplies, Incorporated (HFSI): Computers, Operating Expenses, Rent Revenue, Building, Cash, Notes Payable, Land, Utilities Payable, Utilities Expense, Trucks, Gasoline Expense, Retained Earnings, Supplies, Accounts Payable, Office Furniture, Salaries Expense, Common Stock, Service Revenue, Interest Expense, Dividends, Supplies Expense.Required a. Create an accounting equation using the elements assets, liabilities, and stockholders’ equity. List each account title under the element of the accounting equation to which it belongs. b. Will all businesses have the same number of accounts? Explain your answer.Part 2•Question 1: What is the accounting equation? Why is this important to the practice of accounting? Please provide an example of how the accounting equation works with recording transactions within a business.•Question 2: Is there a difference between bookkeeping and accounting? Discuss.•Question 3: Accounting reports past performance. How can this be useful when planning future operations?
4 pages
10 1 Questions
In your own words, answer the following questions in a Word document. Provide detailed 1. How is the definition of employe ...
10 1 Questions
In your own words, answer the following questions in a Word document. Provide detailed 1. How is the definition of employee different in Bond Form 24 ...
WalMart China Questions, management homework help
Evaluate the costs of the Cross Dock and the Staple Stock center distribution models. Consider the advantages and disadva ...
WalMart China Questions, management homework help
Evaluate the costs of the Cross Dock and the Staple Stock center distribution models. Consider the advantages and disadvantages of each model,What is the financial impact of stock outs caused by lower line fill rates in the cross dock DC model?Besides costs, what other factors should be considered as part of the analysis?How different will the needs of WM China be in five or ten years? What do WM China’s future needs represent in terms of its supply chain infrastructure?What are the capabilities of WM China’s’s suppliers in 2015? How will their capabilities evolve over the next decade?If you were in the position of Lesley Smith, what recommendations would you make and why?Please answer these questions (and any other issues you wish to consider) as part of your report, providing detailed analysis and/or discussion. Be as specific as appropriate, but be careful of unsubstantiated decisions or sweeping generalizations. Key criteria for evaluation are the logic, application of concepts, and depth of thought in arriving at the decisions. Be concise (2- 3 pages of single-spaced text, with up to 3 additional pages for tables or figures. 1 “ margins, 12 point font). For sake of brevity, do not provide a review of the case at the beginning of the case analysis.
Texas A & M University TQM Tools Application of Aircraft Worksheet
In this activity, you will apply some of the tools to examine errors during the turnaround of aircraft for a large, fictio ...
Texas A & M University TQM Tools Application of Aircraft Worksheet
In this activity, you will apply some of the tools to examine errors during the turnaround of aircraft for a large, fictional airline.
Retail business Charter/Proposal
InstructionsComplete a proposal/charter document for the following project topic:1. Retail business (merchandise sales) - ...
Retail business Charter/Proposal
InstructionsComplete a proposal/charter document for the following project topic:1. Retail business (merchandise sales) - Open a new location to expand business and service additional customers. The
background of the business or organization and the details of the
project will be determined by you by using information you know,
performing general research, and/or developing the details on your own.
All information for the project must be developed by you for the
individual assignments.
YOU MAY NOT COPY PROJECT INFORMATION from any other sources except if
you are substantiating a topic with data or facts. Remember
you not only are describing the project in your charter but justifying
it in order to formally authorize completing the project. Please review PMBOK 4.1.3.1. for Project Charter Output requirements. The project charter must include all 12 elements of the output requirements;
project purpose/justification, objectives & success criteria, high
level requirements, assumptions & constraints, etc. Remember to always properly reference. Since this is a project document, youmay add a References page at the very end of the document.
Similar Content
Rasmussen College Team Performance and Characteristics Presentation
There has been much talk about the interaction of employees between the two merged companies which has created some confli...
BUS 101 Food Industry Effectiveness Essay
Hi, I would like to do some edits for the BUS 101 business plan writing that was done earlier. My professor have gave me s...
Complete marketing questions
Marketing Packets Answer Key
NAME__________________________
Question #1
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
1...
organizational design
essay at least 3 references, please read all instructions fully before completing, if any questions just send message...
Creative Benefits, business and finance homework help
Imagine that you are an HR manager. You are trying to recruit and retain the best talent for your organ...
Samhall Annual and Sustainability Report Year 2018 Presentation
Make a summary for this annual report on 15 INFORMATIVE SLIDES
- Briefly on their business model
- It should be a Major fo...
ACC 290 Week 5 Individual Assignment Week Five Exercises
ACC 290 Week 5 Individual Assignment Week Five Exercises ...
Case Analysis Sweep
Use the Van Alstyne, et al., paper to discuss whether Sweep South truly operates as a platform-based company. Be specific ...
Change Management Class Notes_41073068-Change-Management
uploads/services/161584/Change Management Class Notes_41073068-Change-Management.docx...
Related Tags
Book Guides
Normal People
by Sally Rooney
Shattered - Inside Hillary Clintons Doomed Campaign
by Amie Parnes and Jonathan Allen
The Unwinding of the Miracle
by Julie Yip-Williams
The Age of Innocence
by Edith Wharton
Divergent
by Veronica Roth
Cant Hurt Me - Master Your Mind and Defy the Odds
by David Goggins
Extreme Ownership - How US Navy SEALs Lead and Win
by Jocko Willink and Leif Babin
We Were Eight Years in Power
by Ta-Nehisi Coates
The English Patient
by Michael Ondaatje
Get 24/7
Homework help
Our tutors provide high quality explanations & answers.
Post question
Most Popular Content
5 pages
Managerial Finance Final
Intrinsic value per share = Value of Equity / Number of shares Call option – It is a contract that allows an individual ...
Managerial Finance Final
Intrinsic value per share = Value of Equity / Number of shares Call option – It is a contract that allows an individual to sell a security for ...
Complete 2 part assignment for Financial Accounting Course NO PLAGIARISM
Week 1 Problem SetsPart 1•Exercise 1-9A on page 40Exercise 1-9A Components of the accounting equation Jones Enterprises ...
Complete 2 part assignment for Financial Accounting Course NO PLAGIARISM
Week 1 Problem SetsPart 1•Exercise 1-9A on page 40Exercise 1-9A Components of the accounting equation Jones Enterprises was started when it acquired $6,000 cash from creditors and $10,000 from owners. The company immediately purchased land that cost $12,000. Required a. Record the events under an accounting equation. b. After all events have been recorded, Jones’s obligations to creditors represent what percent of total assets? c. After all events have been recorded, Jones’s stockholders’ equity represents what percent of total assets? d. Assume the debt is due. Given that Jones has $10,000 in stockholders’ equity, can the company repay the creditors at this point? Why or why not?•Exercise 1-10A on page 40Exercise 1-10A Components of the accounting equation Common RetainedAssets 5 Liabilities 1 Stock 1 EarningsAllen $10,000 5 $7,500 1 $2,000 1 $ 500White $12,000 5 $3,000 1 $7,200 1 $1,800 Required a. Based on this information alone, can you determine whether White can pay a $2,000 cash dividend? Why or why not? b. Reconstruct the accounting equation for each company using percentages on the right side of the equation instead of dollar values. Which company is more financially stable? Why? c. Assume Allen incurs a $3,500 operating loss. The remaining assets are sold for the value shown on the books, and the cash proceeds are distributed to the creditors and investors. How much money will be paid to creditors and how much will be paid to investors? d. Assume White incurs a $3,500 operating loss. The remaining assets are sold for the value shown on the books, and the cash proceeds are distributed to the creditors and investors. How much money will be paid to creditors and how much will be paid to investors?•Exercise 1-4A on page 38Exercise 1-4A Missing information in the accounting equation Required Calculate the missing amounts in the following table. Stockholders’ Equity Company Retained Company Assets 5 Liabilities 1 Stock 1 Ear n ings A $ ? $25,000 48,000 $50,000 B 40,000 ? 7,000 30,000 C 75,000 15,000 ? 42,000 D 125,000 45,000 60,000 ?•Exercise 1-7A on page 39Exercise 1-7A Missing information and recording events As of December 31, 2016, Moss Company had total cash of $195,000, notes payable of $90,500, and common stock of $84,500. During 2017, Moss earned $42,000 of cash revenue, paid $24,000 for cash expenses, and paid a $3,000 cash dividend to the stockholders. Required a. Determine the amount of retained earnings as of December 31, 2016. b. Create an accounting equation and record the beginning account balances under the appropriate elements. c. Record the revenue, expense, and dividend events under the appropriate elements of the accounting equation created in Requirement b . d. Prove the equality of the accounting equation as of December 31, 2017. e. Identify the beginning and ending balances in the Cash and Common Stock accounts. Explain why the beginning and ending balances in the Cash account are different but the beginning and ending balances in the Common Stock account remain the same.•Exercise 1-6A on page 39Exercise 1-6A E f fect of transactions on general ledger accounts At the beginning of 2016, Better Corp.’s accounting records had the following general ledger accounts and balances.BETTER CORP. Accounting Equation Acct. Titles Event Assets 5 Liabilities 1 Stockholders’ Equity for RE Notes Common Retained Cash Land Payable Stock Earnings Balance 1/1/2016 10,000 20,000 12,000 7,000 11,000Better Corp. completed the following transactions during 2016: 1. Purchased land for $5,000 cash. 2. Acquired $25,000 cash from the issue of common stock. 3. Received $75,000 cash for providing services to customers. 4. Paid cash operating expenses of $42,000. 5. Borrowed $10,000 cash from the bank. 6. Paid a $5,000 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $35,000. Required a. Record the transactions in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table. b. As of December 31, 2016, determine the total amount of assets, liabilities, and stockholders’ equity and present this information in the form of an accounting equation. c. What is the amount of total assets, liabilities, and stockholders’ equity as of January 1, 2017?•Exercise 1-8A on page 39Exercise 1-8A Account titles and the accounting equation The following account titles were drawn from the general ledger of Holt Food Supplies, Incorporated (HFSI): Computers, Operating Expenses, Rent Revenue, Building, Cash, Notes Payable, Land, Utilities Payable, Utilities Expense, Trucks, Gasoline Expense, Retained Earnings, Supplies, Accounts Payable, Office Furniture, Salaries Expense, Common Stock, Service Revenue, Interest Expense, Dividends, Supplies Expense.Required a. Create an accounting equation using the elements assets, liabilities, and stockholders’ equity. List each account title under the element of the accounting equation to which it belongs. b. Will all businesses have the same number of accounts? Explain your answer.Part 2•Question 1: What is the accounting equation? Why is this important to the practice of accounting? Please provide an example of how the accounting equation works with recording transactions within a business.•Question 2: Is there a difference between bookkeeping and accounting? Discuss.•Question 3: Accounting reports past performance. How can this be useful when planning future operations?
4 pages
10 1 Questions
In your own words, answer the following questions in a Word document. Provide detailed 1. How is the definition of employe ...
10 1 Questions
In your own words, answer the following questions in a Word document. Provide detailed 1. How is the definition of employee different in Bond Form 24 ...
WalMart China Questions, management homework help
Evaluate the costs of the Cross Dock and the Staple Stock center distribution models. Consider the advantages and disadva ...
WalMart China Questions, management homework help
Evaluate the costs of the Cross Dock and the Staple Stock center distribution models. Consider the advantages and disadvantages of each model,What is the financial impact of stock outs caused by lower line fill rates in the cross dock DC model?Besides costs, what other factors should be considered as part of the analysis?How different will the needs of WM China be in five or ten years? What do WM China’s future needs represent in terms of its supply chain infrastructure?What are the capabilities of WM China’s’s suppliers in 2015? How will their capabilities evolve over the next decade?If you were in the position of Lesley Smith, what recommendations would you make and why?Please answer these questions (and any other issues you wish to consider) as part of your report, providing detailed analysis and/or discussion. Be as specific as appropriate, but be careful of unsubstantiated decisions or sweeping generalizations. Key criteria for evaluation are the logic, application of concepts, and depth of thought in arriving at the decisions. Be concise (2- 3 pages of single-spaced text, with up to 3 additional pages for tables or figures. 1 “ margins, 12 point font). For sake of brevity, do not provide a review of the case at the beginning of the case analysis.
Texas A & M University TQM Tools Application of Aircraft Worksheet
In this activity, you will apply some of the tools to examine errors during the turnaround of aircraft for a large, fictio ...
Texas A & M University TQM Tools Application of Aircraft Worksheet
In this activity, you will apply some of the tools to examine errors during the turnaround of aircraft for a large, fictional airline.
Retail business Charter/Proposal
InstructionsComplete a proposal/charter document for the following project topic:1. Retail business (merchandise sales) - ...
Retail business Charter/Proposal
InstructionsComplete a proposal/charter document for the following project topic:1. Retail business (merchandise sales) - Open a new location to expand business and service additional customers. The
background of the business or organization and the details of the
project will be determined by you by using information you know,
performing general research, and/or developing the details on your own.
All information for the project must be developed by you for the
individual assignments.
YOU MAY NOT COPY PROJECT INFORMATION from any other sources except if
you are substantiating a topic with data or facts. Remember
you not only are describing the project in your charter but justifying
it in order to formally authorize completing the project. Please review PMBOK 4.1.3.1. for Project Charter Output requirements. The project charter must include all 12 elements of the output requirements;
project purpose/justification, objectives & success criteria, high
level requirements, assumptions & constraints, etc. Remember to always properly reference. Since this is a project document, youmay add a References page at the very end of the document.
Earn money selling
your Study Documents