Prepare Bachino's Pizza's income statement, statement of owner's equity, and bal- ance sheet. Why would Bachino's Pizza's owner set his business up as a sole proprietorship and not a partnership? Discuss how profits and obligations are shared in the two forms of business organizations.
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- E3B. A list of control procedures follows. e. Periodic independent verification f. Separation of duties g. Sound personnel practices a. Authorization b. Recording transactions c. Documents and records d. Physical controls Massy Video Store maintains the following policies with regard to purchases of new DVDS at each of its branch stores: (Сontinued) Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Chapter 8: Cash and Internal Control 1. Employees are required to take vacations, and the duties of employees are rotated periodically. 2. Once each month a person from the home office visits each branch store to examine the receiving records and to compare the inventory of DVDS with the accounting records. 3. Purchases of new DVDS must be authorized by purchase order in the home office and paid for by the treasurer in the home office. Receiving reports are prepared in each branch and sent to the home office. 4. All new…CengageNOWv2 | Online teachir + /takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Cancel Your.. Startup Opportuniti. V How brands are co... A Assignment Practic. A COVID-19 Student. * C20-128PRO1-2016. A Final Exam Review -. G Professional Certific. During the current year, Sokowski Manufacturing earned income of $327,600 from total sales of $5,200,000 and average capital assets of $12,200,000. What is the sales margin? If required, round your answer to one decimal place. Previous NextengageNOWv2 | Online teachin + /takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Cancel Your. Startup Opportuniti. V How brands are co.. Assignment Practic. A COVID-19 Student. w C20-128PRO1-2016. O Final Exam Review -. G Professional Certific. Redbird Company is considering a project with an initial investment of $300,000 in new equipment that will yield annual net cash flows of $57,626 each year over its seven-year life. The company's minimum required rate of return is 12%. (Click here to see present value and future value tables) A. What is the internal rate of return? B. Should Redbird accept the project based on IRR? Previous Next
- -ment Exercise #2 Protected View. Saved V ces Mailings Review View Help viruses. Unless you need to edit, it's safer to stay in Protected View, - و R F4 2 % 5 T PE.01-04B-Income Statement Note: For the income statement problems below, it is assumed that "income taxes" do not apply. Fees earned Office expense Miscellaneous expense The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow: Wages expense Expenses: Prepare an income statement for the year ended August 31, 2019. A net loss should be entered as a negative amount. Sentinel Travel Service Income Statement For the Year Ended August 31, 2019 H Total expenses 19 6 Q Search Fo الة لاكل Y BOX H Search Enable Editing & 7 U 8 م -- $750,000 295,000 12,000 450,000 F9 ( 9 prt sc 110 O 0 DELL home 111 P end F12 ـالـــالـــالـات بالك I Insert = 1 . . . . delete backspDo not copy from bartleby. Otherwisw i will give you dislike When DeSoto Water Works purchased equipment at the end of 2020 at a cost of $64,000, the company debited Buildings and credited Cash $64,000. The error was discovered in 2021. Prepare the journal entry DeSoto will use to correct the error. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record entry to correct error. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journalageNOwv2 | Online teaching and learning reso... O https://www.toolingu.com/Ims/contentplayer/?corpo.. Enter your password for "hjmolin" in Interne Accounts. eBook Accounts and Notes Payable On April 15, Champion Industries buys $1,340,000 of inventory orf credit. On May 31, Champion approaches its supplier because it cannot pay the $1,340,000. The supplier agrees to roll the amount įnto a ñote due on November 30 with 12% interest. Required: Prepare the necessary journal entries from April 15 through payment on November 30. If an amount box does not require an entry, leave it blank. April 15 Inventory Accounts Payable (Record purchase of inventory on credit) May 31 Accounts Payable Notes Payable (Record issuance of note to coyer unpaid account payable) Nov. 30 Notes Payable Interest Expense Cash (Record payment of note and interest) Feedback Previous Next Check My Work
- gage Learning * CengageNOWv2 | Online teachin x Cengage Learning ignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Estimating Allowance for Doubtful Accounts Evers Industries has a past history of uncollectible accounts, as follows. Age Class Percent Uncollectible Not past due 1 % 1-30 days past due 31-60 days past due 12 61-90 days past due 30 Over 90 days past due 75 Estimate the allowance for doubtful accounts, based on the aging of receivables information provided in the chart below. Evers Industries Estimate of Allowance for Doubtful Accounts Not Past Days Past Days Past Days Past Days Past Due 1-30 Due 31-60 Due 61-90 Due Over 90 Balance Due Total receivables 1,124,500 607,400 233,000 121,600 96,500 66,000 1% 3% 12% 30% 75% Percentage uncollectible Allowance for doubtful accounts Check My Work All work saved. Email Instructor Save and Exit Sug! Due to inactivity, your x Content * CengageNOWv2 | Online teachi x Cengage Learning .com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false les ajoutant à la barre de favoris. Importer mes favoris maintenant. h eBook 4 Show Me How Accounts Receivable Analysis A company reports the following: Sales $1,460,000 Average accounts receivable (net) 100,000 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover 14.6 V b. Number of days' sales in receivables x days Feedback Check My Work a. Divide sales by average accounts receivable. b. Divide average accounts receivable by average daily sales. Average daily sales are sales divided by 365 days. a N acerMake a note of any responses entered on this page in the last few minutes, then try to re-connect. Once connection has been re-established, your responses should be saved and this message will disappear. 020114022 AAUP - JENIN) y courses / AUDITING AND ASSURANCE SERVICES Section1 Lecture (20202 020114022 AAUP JENIN) / 10 July Time left 0: Determine the type of evidence we can get from this audit procedure. Calculate the ratio of cost of goods sold to sales as a test of overall reasonableness of gross margin relative the preceding year. O a. Analytical procedure O b. Confirmation Oc. Physicals examination O d. Inspection
- Test2 Intermediate Accounting - Word (Product Activation Failed) NSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW Times New Ro - -A A Aa - AaBbCcl AaBt AaBbC AaBbCel AaBbCcl AaBbCc) AaBbCc IU-abe x, x A - *- A- ====- Emphasis THeading 1 THeading 3 THeading 6 1 Normal Strong Subtitle Font Paragraph December 31 Styles Assets 2010 2009 Cash Accounts receivable $73,000 85,000 170,000 75,000 260,000 (66,000) $ 22,000 76,000 189,000 100,000 200,000 (32,000) Inventories Land Equipment Accumulated depreciation Total $597,000 $555,000 Liabilities and Stockholders' Equity $ 39,000 Accounts payable Bonds payable Common stock ($1 par) Retained earnings $ 47,000 150,000 216,000 192,000 $597,000 200,000 174,000 134,000 $555,000 Total Additional information: 1. Net income for 2010 was $103,000. 2. Cash dividends of $45,000 were declared and paid 3. Bonds payable amounting to $50,000 were redeemed for cash $50,000. 4. Common stock was issued for $42,000 cash. 5. No equipment was sold during…Financial Accounting 1_IndiAssi._Fall2020-21 [Compatibility Mode] - Microsoft Word (Product Activation Failed) File Home Insert Page Layout References Mailings Review View ది * Cut A Find- A Times New Rom - 12 - A A Aa Aal AaBbCcl AaBbCcl AaBbC AaBbCc AABBCCI AaBbCc] AaBbCcD E Copy ab. Replace Paste U - abe x, x T Heading 1 1 Heading 4 T Heading 5 I Normal Change Styles Emphasis Strong Subtitle Format Painter A Select Clipboard Font Paragraph Styles Editing L 3.1 2 | 1:1 18 1 117 15 י 0 11י י14 ו '13 12 11 10 19 8 ' Task 2 - Journalize the following transactions, Post them in the ledger and prepare a trial balance with the help of closing balance of various accounts. 2019 January Amount in RO Safa is started a business with cash Goods purchased from Başma on credit 1 5,000 2 200 3 Goods sold to Aisha 500 4 Goods purchased from Samir for cash 400 5 Wages paid Goods purchased from Samir 50 15 100 17 Goods sold to Almir 50 21 Paid rent for the business premise 80 24 Cash paid to Başma 200…ie Calendar My MCDS Library English ien)- Hal Management ession i 2021/FIN 20A/ET/ Section 9/ Mid Term Exam Explain an agency problem for a corporation with examples, and Identify means by which the firm can help reduce or eliminate that problem. A- BI - Il mcbs.proctoring.online is sharing your sareen. Stop sharing Hide mid-98604&page-8# DELL