Instance from the manufacturing industry

Assignment Help Accounting Basics
Reference no: EM13146176

Provide examples from the manufacturing industry of:

a) a journal entry that would be recorded that impacts the balance sheet.

b) a journal entry that would be recorded affecting the income statement.

Please provide the assumptions behind the transactions and the full journal entries.

Reference no: EM13146176

Questions Cloud

Evaluate and solve an environmental issue : How can a scientific method be used to help evaluate and solve an environmental issue?
What would be rented if the recipient received : what would be rented if the recipient received $200 in cash each month in lieu of the housing vouchers. Would this recipient be as well off under the housing voucher scheme as he would be with a cash transfer of equal value?
Simulate data for affectional customer base : Call this the customer's age. Next, for each of 100 customers, draw from the N(10; 2) distribution and call this the customer's length of membership.
How are gangs portrayed in the movie : How are gangs portrayed in the movie?.How are gang members portrayed?
Instance from the manufacturing industry : Provide examples from the manufacturing industry of: a) a journal entry that would be recorded that impacts the balance sheet. b) a journal entry that would be recorded affecting the income statement.
Estimate population size by direct and indirect methods : Mineral, are trace elements, and vitamins, are growth factors, are required in small amounts for many microbes.
Write the rate laws and determine the units of k : Write the rate laws and determine the units of k (the rate constant) for the following reactions: (a) The reaction A + 2B --> C is found to be second order in A and B, and third order overall
What is its average and marginal cost : what is its average and marginal cost? kilowatt-hour for the first 10000 units each month
Tax levies in the ingham county tax agency fund : Record the tax levies in the Ingham County Tax Agency Fund. Record the collection from the 2011 tax levies in the Ingham County Tax Agency Fund and the specific liabilities owed each fund and unit (Round all amounts to the nearest whole dollar.)

Reviews

Write a Review

Accounting Basics Questions & Answers

  Financing a business and holding stocks

What are the two primary ways for a company to finance its business? Which would you choose if you were forming a corporation and trying to raise funds and why?

  What is their taxable income for 2012

Sally and Tom are married, have three dependent children, and file a joint return in 2012. If they have adjusted gross income (AGI) of $90,000 and itemized deductions of $10,000, what is their taxable income for 2012?

  What is the opportunity cost of accepting the offer

Susan Ortiz operates a covered parking structure that can accommodate up to 600 cars. Susan charges $6 per hour for parking. Parking attendants cost $12 per hour each to staff the cashier's booth at Susan's Parking. The Facility has two parking at..

  What would be the gain or loss on the redemption

Bryce Company has $1,500,000 of bonds outstanding. The unamortized premium is $21,600. If the company redeemed the bonds at 101, what would be the gain or loss on the redemption?

  Compensating-balance requirement

If Lincoln Bank eliminated its compensating-balance requirement, would your answer change?

  Evaluate the npv for project

An owner decides that he wants to go ahead with manufacturing; he must spend $900,000 for the new equipment-Calculate the NPV for this project. Should it be undertaken?

  Determine the gross profit rate

A company shows the following balances: sales: 800,000, sales returns and allowances: 125,000, sales discounts: 25,000, cost of goods sold: 481,000. What is the gross profit rate?

  Basics of amount of dividends common shareholders

The shareholders' equity of Green Corporation includes $200,000 of $1 par common stock and $400,000 of 6% cumulative preferred stock. The board of directors of Green declared cash dividends of $50,000 in 2011 after paying $20,000 cash dividends in..

  Is it a current liability or a long term liability

Where on the balance sheet should a 20 year, 12% bond, due 1/1/2013 for $500,000 be listed. Is it a current liability or a long term liability?

  Marketing manager recommendation

The marketing manager has recommended that the selling price be increased by 20%, with an expected decrease of only 10% in unit sales. What would be the company's net operating income if the marketing manager's recommendation is adopted?

  Preferred stockholders and common stockholders

If 300,000 is to be distributed as a dividend for the current yearr, what total amount will be distributed to preferred stockholders and common stockholders?

  What would be the impact on monthly profits

The normal selling price is $18 per unit. The company's capacity is 12,000 units per month. Due to the University of Alabama participating in the BCS National Championship Game, an order has been received from a retailer for 2,000 additional T-shi..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd