Accounting Help
maddogmania
unit_7_homework_template_acc111_2.xlsxM9-4
| M9-4 | SOLUTIONS! | |||||||||||
| SOLUTIONS! | Computing Book Value (Straight-Line Depreciation | |||||||||||
| Amount | ||||||||||||
| Machinery, original cost | ||||||||||||
| Accumulated Deprecaition at end of 2nd year | ||||||||||||
| Depreciation expense = | ||||||||||||
|
MIke: MIke: Residual Value | (400,000 - residual value 40,000) x 1/*4 years |
MIke: MIke: percentage of years |
||||||||||
| Accumulated Depreciation | ||||||||||||
|
MIke: MIke: Number of years so far | Book Value at the end of 3rd year | |||||||||||
M9-9
| M9-9 | SOLUTIONS! | |||
| SOLUTIONS! | Recording the Disposal of a Long-Lived Asset | |||
| DB | CR | |||
| A | ||||
| B | ||||
E9-12 (a)
| E9-12 (a) | SOLUTIONS! | ||
| SOLUTIONS! | Computing and Reporting the Acquisition and Amortization of Three Different Intangible Assets | ||
| Acquisition cost | |||
| Patent | |||
| Trademark | |||
| Licensing rights | |||
| 2 | Patent | ||
| Trademark | |||
| Licensing rights | |||
| Income Statement | |||
| Amortization Expense | |||
| Balance Sheet | |||
| Intangibles: | |||
| Patent Net (9,300 - 620) | |||
| Trademark | |||
| Licensing rights | |||
| Balance Sheet |
M10-2
| M10-2 | SOLUTIONS! | ||||||||||||
| SOLUTIONS! | Recording Sales and Sales Tax | ||||||||||||
| Assets | = | Liabilities | + | Stockholder's Equity | |||||||||
| Amount | Amount | Amount | |||||||||||
| DB | CR | ||||||||||||
| A | |||||||||||||
| B | |||||||||||||
M10-3
| M10-3 | SOLUTIONS! | ||||||
| SOLUTIONS! | Calculating Payroll Tax Liabilities | ||||||
| Amount | |||||||
| Gross Wages and Salaries | |||||||
| Employees Income Tax Withheld | |||||||
| Employee FICA withheld | |||||||
| Net Pay | |||||||
M10-6
| M10-6 | SOLUTIONS! | ||||||||||||
| SOLUTIONS! | Recording a Note Payable | ||||||||||||
| Assets | = | Liabilities | + | Stockholder's Equity | |||||||||
| Amount | Amount | Amount | |||||||||||
| DB | CR | ||||||||||||
| A | |||||||||||||
| B | |||||||||||||
M11-4
| M11-4 | SOLUTIONS! | ||||||||||||
| SOLUTIONS! | Analyzing and Recording the Issuance of Common Stock | ||||||||||||
| Assets | = | Liabilities | + | Stockholder's Equity | |||||||||
| Amount | Amount | Amount | |||||||||||
| DB | CR | ||||||||||||
| A | |||||||||||||
| Assets | = | Liabilities | + | Stockholder's Equity | |||||||||
| Amount | Amount | Amount | |||||||||||
| DB | CR | ||||||||||||
| A | |||||||||||||
M11-9
| M11-9 | SOLUTIONS! | ||
| SOLUTIONS! | Recording Dividends | ||
| Date | DB | CR | |
| 20-May | |||
| 14-Jun | |||
| 14-Jul | |||
M11-14
| M11-14 | SOLUTIONS! | |||
| SOLUTIONS! | Calculating and Interpreting Earnings per Share (EPS) and Return on Equity (ROE) | |||
| 20XX | 20XX | |||
| Number of Common Shares | 11,500 | 11,500 | ||
| Net Income | $ 23,000 | $ 18,000 | ||
| Cash Dividends paid on common stock | $ 3,000 | $ 3,000 | ||
| Total Stockholders' equity | $ 240,000 | $ 220,000 | ||
| EPS | = | = | ||
| ROE | = | = | ||
M11-15
| M11-15 | SOLUTIONS! | |||
| SOLUTIONS! | Inferring Financial Information Using the P/E Ratio | |||
| 2012 | ||||
| P/E Ratio | = | |||
| = | ||||
| = | ||||
| 2013 | ||||
| P/E Ratio | = | |||
| = | ||||
| = | ||||
| = |
