hw
jake22
TemplatesWeek6.docxEXERCISE 7-13A
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Ultra Day Spa Horizontal Statements Model |
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Balance Sheet |
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Income Statement |
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Statement of |
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Assets |
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Liab. |
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Equity |
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Rev. |
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Exp. |
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Net Inc. |
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Cash Flows |
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Event |
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Cash |
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Acct. Rec. |
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Ret. Ear |
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1. |
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2. |
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b. (1) Total assets: Cash $
(2) Revenue recognized: $
(3) Cash Flow from Operating Activities: $
(4)
EXERCISE 8-9A
a. Calculation of Depreciation:
Taxi Cost $
Sales Tax & Title Fees
Total Cost $
Depreciable Cost:
Depreciation:
2016 Depreciation: $
2017 Depreciation: $
b.
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Date |
Account Titles |
Debit |
Credit |
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2016 |
Depreciation Expense |
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Accumulated Depreciation |
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c. Cost $
Less: Accumulated Depreciation
Book Value, 1/1/2018 $
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Date |
Account Titles |
Debit |
Credit |
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2018 |
Cash |
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Accumulated Depreciation |
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Loss on Sale |
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Taxi |
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PROBLEM 8-34A
a. Acquisition Price $
Less: FV of Assets Acquired:
Equipment $
Land
Building
Franchise ()
Goodwill Acquired $ 180,000
b. Debit Credit
Amortization Expense
Franchise
