Sslon) Oriole Supply Co. has the following transactions related to notes receivable during the last 2 months of 2020. The company does not make entries to accrue interest except at December 31. Nov. 1 Loaned $23,50ctcash to Manny Lopez on a 12-month, 12% note. Dec. 11 Sold goods to Ralph Kremer, Inc., receiving a $61,200, 90-day, 10% note. 16 Received a $97,200, 180 day, 8% note in exchange for Joe Fernetti's outstanding accounts receivable. 31 Accrued interest revenue on all notes receivable.
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- 10:04 Assignment Details ATG-110-20A01: Financial Accounting (Session II Summer 2021) 7474 unread replies.7575 replies. Please read and respond to TIF 12-2 on page 623. Review the rubric to ensure you receive full points for this discussion. Discussion Rubric- 25 points(1)_(3).docx *After you have posted your answers, please reply to three other students' posts. This discussion board was set up so that you will not be able to see others replies until you post your own. Search entries or author Filter replies by unreadUnread Collapse replies TIF 12-2 Issuing Stock 1. ETHICS Lou Hoskins and Shirley Crothers are organizing Red Lodge Metals Unlimited Inc. to undertake a high-risk gold mining venture in Canada. Lou and Shirley tentatively plan to request authorization for 400,000,000 shares of common stock to be sold to the general public. Lou and Shirley have decided to establish par of $0.03 per share in order to appeal to a wide variety of potential investors. Lou and Shirley believe…mp?attempt=1764992&cmid%3875183&page=D12 الم صيرة بلحه u io a https://alternativet 4 SQUCOFFEE - Goog. B BCOM2911-Busines.. O Sultan Caboos Univ. O Trading Platfom ACADEMIC) E-LEARNING SERVICES SQU LIBRARIES SQU PORTAL ATTENDANCE lanagerial Accounting - Spring21 e / My courses / ACCT2121 yasserg Spring21/ Midterm Exam One / Midterm Exam One stion The adjustment of overapplied manufacturing overhead cost results in all the following, EXCEPT: O a. decrease in net operating income. ed O b. increase in net operating income. out of Oc. decrease in cost of goods sold O d. none of the given answers stion XYZ Company had the following information for the year: red Direct materials used OMR 110,000 dout of Direct labor incurred (5,000 hours) OMR 150,000 Actual manufacturing overhead incurred OMR 166,000 on The Company used a predetermined overhead rate of OMR 30 per direct labor hour for the year. Assume the only inventc an ending Work in Process Inventory balance of OMR 17,000. What was cost…bapps/assessment/take/launch.jsp?course_assessment_id%3_241590_1&course_id%3_394102_18content_id%3D2675287 1&step3D My Info K12 Customer Supp... Class Connect LogMeln123 6 Microsoft Office 365 PeopleSoft Online.. E MG estion Completion Status: O 21.95% QUESTION 6 Logan Electrics Inc. has fixed operating costs of $370,000, variable costs of $1.75 per unit produced, and its product sells for $3.00 per unit. What is the company's break-even point, i.e., at what unit sales volume would income equal costs? O 211,000 units O 296,000 units O 200,000 units 250,000 units QUESTION 7 Last year Golden Corp. had $410 million in sales, and it had $95 million of fixed assets that were being operated at 8096 capacity. In millions, how large could sales have been if the company had operated at full capacity?
- M Inbox - merc4365@fredonia.edu X A edugen.wileyplus.com/edugen/student/mainfr.uni nail O YouTube Maps Welcome, Joseph -. O New Tab WileyPLUS: HyWileyPLUS I Hele I Contact Us I PLUS PRINCIPLES OF ACCOUNTING (ACCT 201 Kimmel, Accounting, 7e Study & Practice Assignment Gradebook ORION Downloadable eTextbook Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION 4BACK NE RESOURCES nework e5-01 Exercise 5-03 Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, these transactions occurred. 5-05 Sept. 6 Purchased calculators from Wildhorse Co. at a total cost of $1,680, terms n/30. Paid freight of $60 on calculators purchased from Wildhorse Co. Returned calculators to Wildhorse Co. for $65 credit because they did not meet specifications. Sold calculators costing $520 for $670 to Fryer Book Store, terms n/30. Granted credit of $35 to Fryer Book Store for the return of one calculator…M Inbox - merc4365@fredonia.edu eyplus.com/edugen/student/mainfr.uni abe Maps D Welcome, Joseph -. 6 New Tab WileyPLUS: HyWileyPLUS I Help I Contact Us IL Kimmel, Accounting, 7e PRINCIPLES OF ACCOUNTING (ACCT 201/ re Assignment Gradebook ORION Downloadable eTextbook nent CALCULATOR FULL SCREEN PRINTER VERSION 4 BACK NEX Brief Exercise 5-05 Prepare the journal entries to record the following transactions on Ivanhoe Company's books using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On March 2, Metlock Company sold $936,300 of merchandise to Ivanhoe Company on account, terms 2/10, n/30. The cost of the merchandise sold was $571,700. (b) On March 6, Ivanhoe Company returned $110,600 of the merchandise purchased on March 2. The cost of the…my.sharepoint.com/w:/t/personal/hayess_students_an_edu/_layouts/15/Docaspx?sourcedoc=(c6 anvas erences Review View Help Editing i Share A^ A U Ov Av Ao E E E E E ACC200 PRINCIPLES OF ACCOUNTING III ASSIGNMENT 4 EA1. LO 6.1Steeler Towel Company estimates its overhead to be $250,000. It expects to have 100,000 direct labor hours costing $2,500,000 in labor and utilizing 12,500 machine hours. Calculate the predetermined overhead rate using: A. Direct labor hours B. Direct labor dollars C. Machine hours FA2
- Class Specifi + CLA Annotated B WileyPLL X WOMEN EM THE LIVED E https://edugen.wileyplus.com/edugen/student/mainfr.uni I Log C WileyPLUS: MyWileyPLUS I Help | Contact Us INTERMED. ACCOUNTING (ACC 3110/312 Kieso, Intermediate Accounting, 16e actice Downloadable eTextbook Assignment Gradebook ORION gnment NEXT BACK PRINTER VERSION FULL SCREEN CALCULATOR Exercise 17-10 At December 31, 2017, the available-for-sale debt portfolio for Sheffield, Inc. is as follows. Unrealized Gain (Loss) Fair Value Security Cost $(11,375 ) $68,250 $79,625 A 6,825 63,700 56,875 B 11,375 116,025 104,650 C $247,975 6,825 $241,150 Total 1,820 Previous fair value adjustment balance-Dr. $5,005 Fair value adjustment-Dr. On January 20, 2018, Sheffield, Inc. sold security A for $68,705. The sale proceeds are net of brokerage fees. Sheffield Inc. reports net income in 2017 of $546,000 and in 2018 of $637,000. Unrealized holding gains and gains equal $182,000 in 2018. Prepare a statement of comprehensive income for…mpt.php?atempt-13483628cmid%3D7019198&page D5 ECON2221 A SQUCOFFEE - Goo.. Google dazi SQU paga https://ww E-learning services- SQU Libraries - SQU Portal Attendance English (en) - / My courses/ ACCT2121 yasserg_ fall20 / Midterm Exam One_FALL2020 7 Exam 1 Part 2 Quiz Company XYZ uses direct labor hours to allocate its manufacturing overhead. The company estimates that total direct labor hours to be operated next year are 250,000 hours. The estimated variable overhead is OMR10 per hour and the estimated fixed overhead costs are of OMR750,000. Calculate the predetermined overhead rate. cion Select one: Om Oa. OMR3.00 12 b. OMRO.08 OC. None of the answers given O d. OMR14.00 10 Oe. OMR13.00 Fir XYZ Company provided the following information regarding Product XY: Direct material costs ner direct lahor hour Predetermined OMPlem Set: Modx * CengageNOWv2 | Onl X * Cengage Learning B Milestone Two Guideli x G module ow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=.. eBook Show Me How 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 Inventory 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? Check My Work 56°F Mostly 39
- edugen.wileyplus.com SOFTWARE UPDATE Return to Blackboard 7:12 PM IS Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Help | System Announcements macOS Big Sur 11.3.1 is available and will be installed later tonight. CALCULATOR Exercise 9-04 a-f (Part Level Submission) PRINTER VERSION ВАСK NEXT At the beginning of the current period, Vaughn had balances in Accounts Receivable of $273,000 and in Allowance for Doubtful Accounts of $9,200 (credit). During the period, it had net credit sales of $870,000 and collections of $826,500. It wrote off as uncollectible accounts receivable of $6,700. However, a $3,000 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $25,200 at the end of the period. (Omit cost of goods sold entries.) (a - d) (a) Prepare the entries to record sales and collections during the period. (b) Prepare the entry to record the…rd / My courses/ BAMA1101 / Worksheets Home PraiWotkst äö pio Moving Forward An invoice for OMR 600 dated March 10th with the terms 5/15 EOM is recerved. The bill is paid on April Sth. Find the net payment. ut of Select one: O a. 570 O b. 30 Oc 510 O d. 90 Clear my choice inus nane Type here to searchClass Specifi + CLA Annotated B WOMEN EM WileyPLLX THE LIVED E http://edugen.wileyplus.com/edugen/student/mainfr.uni WileyPLUS: MyWileyPLUS I Help I Contact Us I INTERMED. ACCOUNTING (ACC 3110/ Kieso, Intermediate Accounting, 16e ice Downloadable eTextbook Gradebook Assignment ORION ment BACK PRINTER VERSION FULL SCREEN CALCULATOR Exercise 17-22 Whispering Company has the following investments as of December 31, 2017: $1,570,000 Investments in common stock of Laser Company Investment in debt securities of FourSquare Company $3,180,000 In both investments, the carrying value and the fair value of these two investments are the same at December 31, 2017. Whispering's stock investments does not result in significant influence on the operations of Laser Company. Whispering's debt investment is considered held-to-maturity. At December 31, 2018, the shares in Laser Company are valued at $1,120,000; the debt investment securities of FourSquare are valued at $2,310,000. Assume that these…