ACCT 221

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Grade Summary

Max Points Points Earned Homework Exams
MC 40 Assignment Maximum Maximum
1 5 Number Date My Score Points Description Date My Score Points
2 5 Ch 13 - 0 Midterm 0.00 100.00
3 5 Ch 14 - 0 Final Exam 100.00
4 5 Ch 15 - 0
5 5 Ch 16 - 0 Totals 0.00 200.00
6 6 Ch 17 - 0
7 5 Ch 18 - 0
8 8 Ch 19 - 0
9 8 Ch 20 - 0
On time 8 Ch 21 - 0
Ch 22 - 0
Ch 23 - 0
100 0 <== your score Ch 24 - 0
Ch 26 - 0
Ch 25 - 0
Grade Summary As Of
You do not need to do anything on this page because this is where I will calculate your exam score. I will also use the grade calculator to summarize your performance through the midterm. Totals - 0 - 0 April 4, 2009
Percent Weighted
Weight Earned Percentage
Participation Homework 0% 0.0% 0.00%
Ch 13 & 14 - 0 Participation 0% 0.0% 0.00%
Ch 15 - 0 Midterm 0% 0.0% 0.00%
Ch 16 - 0 Final Exam 0% 0.0% 0.00%
Ch 17 - 0
Ch 18 - 0 My Average ==> 0.00%
Ch 19 - 0 My Letter Grade ==> 0
Ch 20 - 0
Ch 21 - 0
Ch 22 - 0
Ch 23 - 0
Ch 24 - 0
Ch 26 - 0
Ch 25 - 0
Totals - 0 - 0
F 0.0%
D 60.0%
C 70.0%
B 80.0%
A 90.0%

Multiple Choice

Question Answer Question Answer
1 D 21 C
2 A 22 B
3 C 23 D
4 D 24 D
5 D 25 A
6 B 26 C
7 C 27 A
8 A 28 B
9 D 29 C
10 A 30 D
11 D 31 C
12 A 32 D
13 C 33 C
14 D 34 D
15 A 35 D
16 B 36 D
17 A 37 D
18 C 38 C
19 C 39 D
20 B 40 A
Number Incorrect 0
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#1 & 2

Problem #1
Date Accounts Debit Credit Choose from the account titles below (not all accounts will be used)
01/14/09 Account Title Amount Bonds Payable
Account Title Amount Cash
Account Title Amount Cash Dividends
Cash Dividends Payable
01/29/09 Account Title Amount Common Stock
Account Title Amount Common Stock Dividends Distributable
Account Title Amount Discount on Bonds Payable
Dividend Revenue
07/01/09 Account Title Amount Gain on Retirement of Bonds
Account Title Amount Gain on Sale of Stock Investments
Account Title Amount Interest Expense
Interest Payable
Land
Loss on Retirement of Bonds
Problem #2 Loss on Sale of Stock Investments
Date Accounts Debit Credit Market Adjustment - Available for Sale
02/28/09 Account Title Amount Market Adjustment - Trading
Account Title Amount Organization Expense
Paid-in Capital from Treasury Stock
06/30/09 Account Title Amount Paid-in Capital in Excess of Par Value
Account Title Amount Premium on Bonds Payable
Account Title Amount Retained Earnings
Stock Dividends
08/31/09 Account Title Amount Stock Investment Revenue
Account Title Amount Stock Investments
Account Title Amount Treasury Stock
Account Title Amount Unrealized Gain - Equity
Unrealized Gain - Income
Unrealized Loss - Equity
Unrealized Loss - Income
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#3

(a) Year Total Preferred Common (b) Date Accounts Debit Credit
2011 5,000 Amount Amount 12/30/09 Account Title Amount Choose from the account titles below (not all accounts will be used)
2012 15,000 Amount Amount Account Title Amount Bonds Payable
2013 35,000 Amount Amount Cash
Cash Dividends
Cash Dividends Payable
Common Stock
Common Stock Dividends Distributable
Discount on Bonds Payable
Dividend Revenue
Gain on Retirement of Bonds
Gain on Sale of Stock Investments
Interest Expense
Interest Payable
Land
Loss on Retirement of Bonds
Loss on Sale of Stock Investments
Market Adjustment - Available for Sale
Market Adjustment - Trading
Organization Expense
Paid-in Capital from Treasury Stock
Paid-in Capital in Excess of Par Value
Premium on Bonds Payable
Retained Earnings
Stock Dividends
Stock Investment Revenue
Stock Investments
Treasury Stock
Unrealized Gain - Equity
Unrealized Gain - Income
Unrealized Loss - Equity
Unrealized Loss - Income
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#4 & 5

Problem #4
Date Accounts Debit Credit
06/30/09 Account Title Amount Choose from the account titles below (not all accounts will be used)
Account Title Amount Bonds Payable
Account Title Amount Cash
Cash Dividends
12/14/09 Account Title Amount Cash Dividends Payable
Account Title Amount Common Stock
Account Title Amount Common Stock Dividends Distributable
Discount on Bonds Payable
01/14/10 Account Title Amount Dividend Revenue
Account Title Amount Gain on Retirement of Bonds
Gain on Sale of Stock Investments
Interest Expense
Interest Payable
Land
Problem #5 (a) Loss on Retirement of Bonds
Date Accounts Debit Credit Loss on Sale of Stock Investments
12/31/08 Account Title Amount Market Adjustment - Available for Sale
Account Title Amount Market Adjustment - Trading
Account Title Amount Organization Expense
Paid-in Capital from Treasury Stock
Paid-in Capital in Excess of Par Value
Problem #5 (b) Premium on Bonds Payable
Date Accounts Debit Credit Retained Earnings
06/29/09 Account Title Amount Stock Dividends
Account Title Amount Stock Investment Revenue
Account Title Amount Stock Investments
Account Title Amount Treasury Stock
Unrealized Gain - Equity
Unrealized Gain - Income
Unrealized Loss - Equity
Unrealized Loss - Income
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#6 & 7

Problem #6 (a)
Date Accounts Debit Credit
06/30/09 Account Title Amount Choose from the account titles below (not all accounts will be used)
Account Title Amount Bonds Payable
Cash
07/31/09 Account Title Amount Cash Dividends
Account Title Amount Cash Dividends Payable
Common Stock
08/31/09 Account Title Amount Common Stock Dividends Distributable
Account Title Amount Discount on Bonds Payable
Account Title Amount Dividend Revenue
Gain on Retirement of Bonds
09/30/09 Account Title Amount Gain on Sale of Stock Investments
Account Title Amount Interest Expense
Account Title Amount Interest Payable
Land
Problem #6 (b) Calculation for #6 (b) Loss on Retirement of Bonds
Date Accounts Debit Credit Shares Cost Market Loss on Sale of Stock Investments
12/30/09 Account Title Amount Carter Market Adjustment - Available for Sale
Account Title Amount BOD Market Adjustment - Trading
Williams Organization Expense
Paid-in Capital from Treasury Stock
Problem #7 Totals Paid-in Capital in Excess of Par Value
Date Accounts Debit Credit Premium on Bonds Payable
12/31/08 Account Title Amount Retained Earnings
Account Title Amount Stock Dividends
Stock Investment Revenue
06/14/09 Account Title Amount Stock Investments
Account Title Amount Treasury Stock
Unrealized Gain - Equity
12/30/09 Account Title Amount Unrealized Gain - Income
Account Title Amount Unrealized Loss - Equity
Unrealized Loss - Income
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#8

Momma Corporation
Statement of Cash Flows
For the Year Ended December 31, 2013
Cash Flows from (for) Operating Activities
Item Amount
Item Amount
Item Amount
Item Amount
Item Amount
Item Amount
Item Amount
Item Amount Subtotal
Net Cash from (for) Operating Activities Total
Cash Flows from (for) Investing Activities
Item Amount
Item Amount
Item Amount
Net Cash from (for) Investing Activities Total
Cash Flows from (for) Financing Activities
Item Amount
Item Amount
Item Amount
Net Cash from (for) Financing Activities Total
Item Total
Item Amount
Item Total
Noncash Investing and Financing Activities (if any)
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#9

Ratio Sample Formatting Answers Computations
a. Current Ratio xx.xxx Amount
b. Acid-test (quick ratio) xx.xxx Amount
c. Receivables Turnover xx.xxx Amount
d. Inventory Turnover xx.xxx Amount
e. Profit Margin xx.xxx% Amount
f. Asset Turnover xx.xxx Amount
g. Return on Assets xx.xxx% Amount
h. Return on Common Stockholders' Equity xx.xxx% Amount
i. Earnings per Share $ x.xx Amount
j. Price-Earnings Ratio xx.xxx Amount
k. Payout Ratio xx.xxx% Amount
l. Debt to Total Assets Ratio xx.xxx% Amount
m. Times Interest Earned Ratio xx.xxx Amount
Note: I have already preformatted the cells in the Answers column for you, but you can use the sample formatting column as a guide in case you erase the formatting in the Answers column. Show your work in the Computations column. Write your response to the short-answer question anywhere on this spreadsheet.
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