Business, 30.09.2019 20:20 naomicervero
Dakota company experienced the following events during 2018: acquired $30,000 cash from the issue of common stock. paid $12,000 cash to purchase land. borrowed $10,000 cash. provided services for $20,000 cash. paid $1,000 cash for utilities expense. paid $15,000 cash for other operating expenses. paid a $2,000 cash dividend to the stockholders. determined that the market value of the land purchased in event 2 is now $12,700. required a. the january 1, 2018, general ledger account balances are shown in the following accounting equation. record the eight events 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. the first event is shown as an example. b-1. prepare an income statement for the 2018 accounting period. b-2. prepare a statement of changes in equity for the 2018 accounting period. b-3. prepare a year-end balance sheet for the 2018 accounting period. b-4. prepare a statement of cash flows for the 2018 accounting period. c. determine the percentage of assets that were provided by retained earnings. can you determine the cash in retained earnings?
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Required information [the following information applies to the questions displayed below.] the following data is provided for garcon company and pepper company. garcon company pepper company beginning finished goods inventory $ 13,800 $ 18,850 beginning work in process inventory 16,700 20,700 beginning raw materials inventory 8,800 13,500 rental cost on factory equipment 28,250 26,650 direct labor 22,400 37,400 ending finished goods inventory 17,300 14,300 ending work in process inventory 23,200 19,400 ending raw materials inventory 5,900 9,600 factory utilities 11,250 15,000 factory supplies used 10,900 5,700 general and administrative expenses 32,500 44,500 indirect labor 2,500 9,880 repairs—factory equipment 4,820 2,150 raw materials purchases 41,500 63,000 selling expenses 54,800 49,000 sales 238,530 317,510 cash 33,000 23,700 factory equipment, net 222,500 124,825 accounts receivable, net 13,400 23,950 required: 1. complete the table to find the cost of goods manufactured for both garcon company and pepper company for the year ended december 31, 2017. 2. complete the table to calculate the cost of goods sold for both garcon company and pepper company for the year ended december 31, 2017.
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Business, 22.06.2019 12:50
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Business, 22.06.2019 22:00
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Dakota company experienced the following events during 2018: acquired $30,000 cash from the issue o...
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