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Tarea 3.1 Contabilizacion de inventario
Administración de Empresas, NUC University O 1050-3162ONL – Introducción a la Contabilidad II
Profesora Naomi Méndez Centeno, MAcc
19 de mayo de 2023
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1. From the following Trial balance , you are require to prepare the final accounts for the year ended 31st December 2020.
Grades
Particulars
Amount (Dr)
Amount(Cr)
4,80,000
Сapital
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Land & Building
People
1,35,000
4,50,000
Pages
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3,15,000
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14,56,950
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33,450
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$2,120
49,100
21,300
34.490
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Accounts receivable
Accumulated depreciation-equipment
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$1,720
13,000
9,700
6,050
2,980
3,950
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parentheses e.g. (45).)
49,600
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Selected financial information is available for Blossom Co.
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Year 1
$
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On June 1, 2015, Sage Company and Pronghorn Company merged to form Stellar Inc. A total of 876,000 shares were issued
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Your first internship assignment is to prepare two schedules for Windsor Blue Co., a manufacturing company. You have a file that
contains a copy of last year's work for both schedules; you plan to follow the same format as last year, hoping the staff accountant had
it right. You also have access to the full set of financials for Windsor Blue, and you can dig further into any of the accounts via the
accounting system, too.
Here's the information you have pulled, with the same items as last year.
DM Inventory
WIP Inventory
FG Inventory
DM purchases
DL costs
Production supervisor salary
Utility costs in production space
Depreciation on manufacturing facility and equipment
Beginning of Year
End of year
$9,200
$10,000
21,000
13,000
6,300
8,000
153,000
232,000
56,000
14,000
42,000
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វា
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Problem 23-15 (AICPA Adapted)
On December 31, 2020, Bart Company purchased a machin,
in exchange for a noninterest bearing note requiring eight
payments of P200,000.
The first payment was made on December 31, 2020 and
the others are due annually on December 31.
At date of issuance, the prevailing rate of interest for thi,
type of note was 11%.
PV of an ordinary annuity of 1 at 11% for 8 periods 5.146
PV of an annuity of 1 in advance at 11% for 8 periods 5.712
1. What amount should be recorded as initial cost of the
machine?
a 1,600,000
b. 1,029,200
c. 1,400,000
d. 1,142,400
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2020?
a. 657,600
b. 457,600
c. 570,800
d.
3. What is the interest expense for 2021?
a. 125,664
b. 103,664
c. 113,212
d. 176,000
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On April 1, a patent with an estimated useful economic life of 12 years was acquired for $43,200. In addition, on December 31, it was estimated that
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Admire County Bank agrees to lend Givens Brick Company $600,000 on January 1.
Givens Brick Company signs a $600,000, 8%, 9-month note. What is the adjusting
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24,000
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Interest expense
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09 Operational and Legal Considerations -
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Calculating Capacity
• How many machines do you need?
• You expect your sales to be
3,000,000 granola bars (20g each)
• How large is your plant?
per month
• How many workers do you need?
The machine:
• How much is the investment?
Capacity: 100 kgs per hour
• What are the operating costs?
Requires 2 people to operate it
Takes 8 ft x 40 ft space
• Cost per machine $15,000
Energy and maintenance: $5 per hour
• Cost of material and packaging:
$0.12 per bar
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Quick ratio
Adieu Company reported the following current assets and current liabilities for two recent years:
Dec. 31, 20Y4 Dec. 31, 20Y3
Cash
$830
$1,090
Temporary investments
1,200
1,500
Accounts receivable
820
910
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2,100
2,500
Accounts payable
1,900
2,500
a. Compute the quick ratio on December 31 for each year. Round to one decimal place.
20Υ4
20Υ3
Quick Ratio
b. Is the quick ratio improving or declining?
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Required information
[The following information applies to the questions displayed below.]
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31 for Year 1 and
Year 2.
December 31
Cash
Accounts receivable
Office supplies
Office equipment
Trucks
Building
Land
Accounts payable
Note payable
Equity, December 31, Year 1
Add: Owner's investment
Less: Dividends
Equity, December 31, Year 2
Year 1
$ 52,692
28,602
F2
4,512
138,498
54, 196
0
0
75,195
0
2. Compute net income for Year 2 by comparing total equity amounts for these two years and using the following information: During
Year 2, the owner invested $36,000 additional cash in the business in exchange for common stock, and the company paid a $37,200
cash dividend.
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$
65
Year 2
F3
$ 9,883
22,424
3,305
147,527
63, 196
180,667
45,083…
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On January 1, 2018, Maywood Hydraulics leased drilling equipment from Aqua Leasing for a five-year period ending December 31,
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The following are a series of unrelated situations.
Net sales
Answer the questions relating to each of the five independent situations as requested.
1. Skysong Company's unadjusted trial balance at December 31, 2025, included the following accounts.
Accounts receivable
Allowance for doubtful accounts
Debit
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6,910
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Return on Total Assets
A company reports the following income statement and balance sheet information for the current year:
Net income
$224,540
Interest expense
39,620
000'080
Determine the return on total assets. If required, round the answer to one decimal place.
Average total assets
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Divide the sum of net income and interest expense by average total assets.
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