Minhajur Rahaman
Principals of Accounting Solutions
Problem-1: Fraud, Internal Control, and Cash
Forney Company maintains a petty cash fund for small expenditures. The following transactions occurr...
Problem-11: Corporations: Dividends, Retained Earnings, and Income Reporting
During 2019, Roblez Corporation had the following transactions and events
Declared a cash dividend....
Problem-22: Corporations: Dividends, Retained Earnings, and Income Reporting
At December 31, 2020, Millwood Corporation has 2,000 shares of $100 par value, 8%, preferred stock o...
Problem-11: The Recording Process
Teresa Alvarez has prepared the following list of statements about the general ledger:
The genera...
Problem-19: Statement of Cash Flows
Rodriquez Corporation's comparative balance sheets are presented below.
Rodriquez CorporationCompar...
Problem-20: Inventories
Elliott's Hardware reported cost of goods sold as follows.
Elliott's made two errors: (1) 2019 en...
Problem-2: Budgetary Planning
Deleon Inc. is preparing its annual budgets for the year ending December 31, 2023. Accounting assist...
Problem-17: Plant Assets, Natural Resources and intangible Assets
Terry Wade, the new controller of Hellickson Company, has reviewed the expected useful lives and sal...
Problem-2: Plant Assets, Natural Resources and intangible Assets
In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in th...
Problem-11: Long-Term Liabilities
On January 1, 2019, Klosterman Company issued $500,000, 10%, 10-year bonds at face value. Interest i...
Problem-02: Corporations: Organization and Capital Stock Transactions
Fechter Corporation had the following stockholders equity accounts on January 1, 2019: Common Stock ...
Problem-09: Corporations: Dividends, Retained Earnings, and Income Reporting
On October 31, the stockholders equity section of Heins Company consists of common stock $500,000 an...
Problem-2: Completing the Accounting Cycle
The adjusted trial balance columns of the worksheet for Thao Company, owned by D. Thao, are as follo...
Problem-04: Process Costing
Rivera Company has several processing departments. Costs charged to the Assembly Department for Nove...
Problem-22: Plant Assets, Natural Resources and intangible Assets
Gill Company, organized in 2019, has the following transactions related to intangible assets.
1/2/1...
Problem-26: Long-Term Liabilities
Lorance Corporation issued $400,000, 7%, 20-year bonds on January 1, 2020, for $360,727. This price ...
Problem-24: Standard Costs and Balanced Scorecard
Pricard Landscaping plants grass seed as the basic Landscaping for business campuses. During a recen...
Problem-7: Adjusting the Accounts
Hong Corporation encounters the following situations:
Hong collects $1,300 from a customer in 2019 ...
Problem-10: Accounting for Receivables
Presented below are two independent situations
On January 6, Brumbaugh Co. sells merchandise on acc...
Problem-9: Inventories
Wittmann Co. began operations on July 1. It uses a perpetual inventory system During July, the compa...
Problem-02: Corporations: Dividends, Retained Earnings, and Income Reporting
The stockholders equity accounts of Kerp Company at January 1, 2020, are as follows
Preferred Sto...
Problem-10: Accounting for Partnerships
Coburn (beginning capital, $60,000) and Webb (beginning capital $90,000) are partners. During 2019, ...
Problem-2: Fraud, Internal Control, and Cash
On May 31, 2019, Rober Company had a cash balance per books of $6,781.50. tha bank statement from Ne...
Problem-20: Financial Statement Analysis
Wiemers Corporation's comparative balance sheets are presented below.
Wiemers's 2020 income state...
Problem-5: Standard Costs and Balanced Scorecard
Hart Labs, Inc, provides mad cow disease testing for both state and federal governmental agricultura...
Problem-21: Inventories
Smart Watch Company reported the following income statement data for a 2-year period.
Smat uses a...
Problem-1: Budgetary Control and Responsibility Accounting
Bumblebee Company estimates that 300,000 direct labor hours will be worked during the coming year, 2...
Problem-20: Budgetary Control and Responsibility Accounting
Horation Inc. has three divisions which are operated as profit centers. Actual operating data for t...
Problem-3: Job Order Costing
Case Inc. is a construction company specializing in custom patios. The patios are constructed of con...
Problem-18: Budgetary Planning
Fultz Company has accumulated the following budget data for the year 2020.
Problem-22: Budgetary Control and Responsibility Accounting
The South Division of Wiig Company reported the following data for the current year.
Problem-2: Cost Volume Profit
Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents p...
Problem-16: Accounting for Receivables
Presented below are two independent situations.
On April 2, Jennifer Eiston uses her JCPenney Compa...
Problem-16: Accounting Information Systems
Below are some typical transactions incurred by. Ricketts Company.
Payment of creditors on account....
Problem-14: Completing the Accounting Cycle
Noah Bahr Company discovered the following errors made in January 2019.
A payment of Salaries and W...
Problem-10: Cost Volume Profit
Marty Moser wants Moser Company to use CVP analysis to study the effects of changes in costs and vol...
Problem-18: Completing the Accounting Cycle
These financial statement items are for Basten Company at year-end, July 31, 2019.
Salaries and Wag...
Problem-15: Accounting Information Systems
Hasselback Company has the following selected transactions during March.
Mar. 2Purchased equipment ...
Problem-09: Corporations: Organization and Capital Stock Transactions
Osage Corporation issued 2,000 shares of stock.
Instruction
The stock had a par value of $5 per sh...
Problem-17: Financial Statement Analysis
Selected Comparative statements data for Queen products company are presented below. All balance she...
Problem-2: Accounting Information Systems
Reineke Company's chart of accounts includes the following selected accounts.
101 Cash120 Merchan...
Problem-06: Financial Statement Analysis
The comparative statements of Corbin Company are presented below and on Compute numerous rations.
...
Problem-21: Standard Costs and Balanced Scorecard
Manufacturing overhead data for the production of product H by shakira company are as follows.
Problem-19: Budgetary Planning
Danner Company expects to have a cash balance of $45,000 on January 1, 2020. Relevant monthly budge...
Problem-13: Budgetary Planning
Fuqua Company's sales budget projects unit of part 198Z of 10,000 units in January, 12,000 units in ...
Problem 4-: Incremental Analysis and Capital Budgeting
Brislin Company has four operating divisions. During the first quarter of 2020, the company reported...
Problem-17: Accounting Information Systems
The general ledger of Hensley company contained the following Accounts payable control account ( in ...
Problem-19: Accounting Information Systems
Tresh Products uses both special journals and a general journal. Tresh also posts customers accounts...
Problem-05: Statement of Cash Flows
Zumbrunn Company's income statement contained the condensed information below.
Accounts payable p...
Business Statistics Solutions
Problem-06: Estimation
In a sample of 400 textile workers, 184 expressed extreme dissatisfaction regarding a prospective pl...
Problem-51: Testing Hypotheses: Two Sample Tests
In October 1992, a survey of 120 macroeconomists found 87 who believed that the recession had alread...
Problem-75: Testing Hypotheses: One Sample Tests
A personnel manager believed that 18 percent of the company’s employees work overtime every week. If...
Problem-15: Chi-Square and Analysis of Variance
At the 0.05 level of signifi cance, can we conclude the following data follow a Poisson distribution...
Problem-15: Testing Hypotheses: One Sample Tests
What is the relationship between the significance level of a test and Type I error?Contact us for th...
Problem-79: Probability I: Introductory Ideas
Two-fi fths of clients at Show Me Realty come from an out-of-town referral network, the rest are loc...
Problem-56: Grouping and Displaying data to convey meaning
The head of a large business department wanted to classify the specialties of its 67 members. He ask...
Problem-39: Probability I: Introductory Ideas
Two events, A and B, are statistically dependent. If P(A)=0.39, P(B)=0.21, and P(A or B)=0.47, find ...
Problem-05: Chi-Square and Analysis of Variance
An advertising firm is trying to determine the demographics for a new product. They have randomly se...
Problem-07: Chi-Square and Analysis of Variance
To see whether silicon chip sales are independent of where the U.S. economy is in the business cycle...
Problem-19: Measures of Central Tendency and Dispersion in Frequency Distributions
The U.S. Postal Services handles seven basic types of letters and cards: third class, second class, ...
Problem-18: Testing Hypotheses: One Sample Tests
Your null hypothesis is that the battery for a heart pacemaker has an average life of 300 days, with...
Problem-67: Probability I: Introductory Ideas
The American Cancer Society is planning to mail out questionnaires concerning breast cancer. From pa...
Problem-46: Testing Hypotheses: One Sample Tests
For a sample of 60 women taken from a population of over 5,000 enrolled in a weight- reducing progra...
Problem-09: Sampling and Sampling Distributions
Robertson Employment Service customarily gives standard intelligence and aptitude tests to all peopl...
Problem-53: Testing Hypotheses: One Sample Tests
A manufacturer of petite women’s sportswear has hypothesized that the average weight of the women bu...
Problem-68: Probability Distribution
On average, 12 percent of those enrolled in the Federal Aviation Administration's air traffic contro...
Problem-40: Probability Distribution
Given that a random variable, X, has a normal distribution with mean 6.4 and standard deviation 2.7,...
Problem-11: Chi-Square and Analysis of Variance
An educator has the opinion that the grades high school students make depend on the amount of time t...
Problem-05: Quality and Quality Control
Dick Burney is director of 911 emergency medical services in Ann Arbor, Michigan. He is concerned ab...
Problem-03: Grouping and Displaying data to convey meaning
Transmission Fix-It stores recorded the number of service tickets submitted by each of its 20 stores...
Problem-03: Probability I: Introductory Ideas
Which of the following are pairs of mutually exclusive events in the drawing of one card from a stan...
Problem-1: Testing Hypotheses: One Sample Tests
How many standard errors around the hypothesized value should we use to be 99.44 percent certain tha...
Problem-12: Probability I: Introductory Ideas
During a recent bridge game, once the lead card had been played and the dummy's hand revealed, the d...
Problem-50: Testing Hypotheses: One Sample Tests
XCO, a multinational manufacturer, uses a batch process to produce widgets. Each batch of widgets ta...
Problem-21: Grouping and Displaying data to convey meaning
Barney Mason has been examining the amount of daily french fry waste (in pounds) for the past 6 mont...
Problem-16: Sampling and Sampling Distributions
From a population of 125 items with a mean of 105 and a standard deviation of 17,64 items were chose...
Problem-28: Chi-Square and Analysis of Variance
The following data show the number of claims processed per day for a group of four insurance company...
Problem-03: Probability Distributions
Construct a probability distribution based on the following frequency distribution:
Problem-11: Measures of Central Tendency and Dispersion in Frequency Distributions
M. T. Smith travels the eastern United States as a sales representative for a textbook publisher. Sh...
Problem-53: Probability Distribution
The Quickies Sales Corporation has just been given two conflicting estimates of sales for the upcomi...
Problem-32: Testing Hypotheses: Two Sample Tests)
The University Bookstore is facing signifi cant competition from off-campus bookstores, and they are...
Problem-10: Testing Hypotheses: One Sample Tests
Formulate null and alternative hypotheses to test whether the mean annual snowfall in Buffalo, New Y...
Problem-07: Probability I: Introductory Ideas
In a recent meeting of union members supporting Joe Royal for union president, Royal's leading suppo...
Problem-59: Grouping and Displaying data to convey meaning
A. T. Cline, the mine superintendent of the Grover Coal Co., has recorded the amount of time per wor...
Problem-11: Estimation
From a population with known standard deviation of 1.65, a sample of 32 items resulted in 34.8 as an...
Problem-4: Testing Hypotheses: One Sample Tests
How many standard errors around the hypothesized value should we use to be 98 percent certain that w...
Problem-20: Chi-Square and Analysis of Variance
A state lottery commission claims that for a new lottery game, there is a 10 percent chance of getti...
Problem-59: Testing Hypotheses: Two Sample Tests
Robin Wendell has been offered a transfer from Pittsburgh to Boston, but is holding out for more mon...
Problem-50: Testing Hypotheses: Two Sample Tests
Is the perceived level of responsibility for an action related to the severity of its consequences? ...
Problem-41: Testing Hypotheses: One Sample Tests
Given a sample mean of 83, a sample standard deviation of 12.5, and a samplesize of 22, test the hyp...
Problem-20: Estimation
Upon collecting a sample of 250 from a population with known standard deviation of 13.7, the mean is...
Problem-78: Testing Hypotheses: One Sample Tests
A manufacturer of a vitamin supplement for newborns inserts a coupon for a free sample of its produc...
Problem-03: Measures of Central Tendency and Dispersion in Frequency Distributions
Child-Care Community Nursery is eligible for a county social services grant as long as the average a...
Problem-02: Sampling and Sampling Distributions
Mary Bartel, an auditor for a large credit card company, knows that, on average, the monthly balance...
Problem-69: Probability I: Introductory Ideas
As the administrator of a hospital, Cindy Turner wants to know what the probability is that a person...
Problem-64: Probability I: Introductory Ideas
Which of the following pairs of events are mutually exclusive?
(a) A defense department contractor ...
Our Offer Prices
Website Design & Development
Starter
$50/4 days
- Responsive Web Design
- Home Page Design
- 5 Menu & Submenu
- 5 Content Page Update
- 1 Form
- SEO Submission
- Joomla/Wordpress
Loaded
$100/7 days
- Responsive Web Design
- Home Page Design
- 15 Menu & Submenu
- 15 Content Page Update
- 2 Forms
- SEO Submission
- Joomla/Wordpress
Fully Loaded
$150/10 days
- Responsive Web Design
- Home Page Design
- 25 Menu & Submenu
- 25 Content Page Update
- 4 Forms
- SEO Submission
- Joomla/Wordpress
Most Reading Solutions
Problem-5: Completing the Accounting Cycle
Anya Clark opened Anya's Cleaning Service on July 1, 2019. During July, the following transactions w...
Problem-5: Adjusting the Accounts
On Nobember 1, 2019, the account balances of Hamm Equipment Repair were as follows
During Novembe...
Problem-1: Completing the Accounting Cycle
The trial balance columns of the worksheet for Wareen Roofing at March 31, 2019, are as follows.
Wa...
Problem-2: Accounting for Merchandising Operations
Renner Hardware Store completed the following merchandising transactions in the month of May. At the...
Problem-2: The Recording Process
Emily Valley is a licensed dentist. During the first month of the operation of her business, the fol...
Problem-1: Adjusting the Accounts
Logan Krause started her own consulting firm, Krause Consulting, on May 1, 2019. The trial balance a...
Problem-2: Adjusting the Accounts
Mac's Motel opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as ...
Problem-3: The Recording Process
Maquoketa Services was formed on May 1, 2018. The following transactions took place during the first...
Problem-5: Accounting for Merchandising Operations
The trial balance of Gaolee Fashion Center contained the following accounts at November 30, the end ...
Problem-1: Accounting in Action
On April 1, Julie Spengel established Spengel's Travel Agency. The following transactions were compl...
Problem-5: The Recording Process
The Starr Theater, owned by Meg Vargo will begin operation in March. The Starr will be unique in tha...
Problem-1: Accounting for Merchandising Operations
Kern's Book Warehouse distributes hardcover looks to retail stores and extends credit terms of 2/10,...
Problem-1: The Recording Process
Holz Disc Golf Course was opened on March 1 by Ian Holz. The following selected events and transacti...
Problem-2: Completing the Accounting Cycle
The adjusted trial balance columns of the worksheet for Thao Company, owned by D. Thao, are as follo...
Problem-5: Inventories
You are provided with the following information for Koetteritz Inc. for the month ended June 30, 201...
Problem-8: Accounting for Merchandising Operations
At the beginning of the current season on April, the ledger of Gage Pro Shop showed Cash $3,000. Inv...
Problem-2: Accounting in Action
Judi Salem opened a law office on July 1, 2018. On July 31, the balance sheet showed Cash $5,000, Ac...
Problem-10: Adjusting the Accounts
The ledger of Passehl Rental Agency on March 31 of the current year includes the selected accounts, ...
Problem-3: Accounting for Merchandising Operations
Big Box Store is located in midtown Madison. During the past several years, net income has been decl...
Problem-6: Adjusting the Accounts
Johnson Graphics Company was organized on January 1, 2019, by Cameron Johnson. At the end of the fir...
Problem-5: Plant Assets, Natural Resources and intangible Assets
At December 31, 2019, Grand Company reported the following as plant assets.
During 2020, the foll...
Problem-4: Accounting in Action
Trixie Maye started her own consulting firm, Matrix Consulting, on May 1, 2018. The following transa...
Problem-3: Adjusting the Accounts
Alena Co. was organized on July 1, 2019. quarterly financial statements are prepared. The unadjusted...
Problem-4: Accounting for Merchandising Operations
Yolanda Hagen, a former disc golf star, operates Yolanda's Discorama. At the beginning of the curren...
Problem-2: Plant Assets, Natural Resources and intangible Assets
In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in th...
Problem-10: Accounting for Merchandising Operations
On September 1, Nixa Office Supply had an inventory of 30 calculators at a cost of $18 each. The com...
Problem-2: Inventories
Glee Distribution markets CDs of the performing artist Unique. At the beginning of October, Glee had...
Problem-1: Accounting for Receivables
At December 31, 2018, House Co. reported the following information on its balance sheet.
Accounts r...
Problem-15: Inventories
Elsa's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts, Information rela...
Problem-4: Accounting Information Systems
Selected accounts from the chart of accounts of Mercer Company are shown below
101 Cash112 Accoun...
Problem-01: Corporations: Dividends, Retained Earnings, and Income Reporting
On January 1, 2020, Geffrey Corporation had the following stockholders equity accounts.
Common St...
Problem-01: Current Liabilities and Payroll Accounting
On January 1, 2020, the ledger of Accardo Company contains the following liability accounts.
Accoun...
Problem-8: Adjusting the Accounts
Devin Wolf Company has the following balances in selected accounts on December 31, 2019
All the a...
Problem-8: Inventories
Dempsey Inc is a retailer operating in British Columbia. Dempsey uses the perpetual inventory method...
Problem-4: The Recording Process
The trial balance of Avtar Sandhu Co. Shown below does not balance
AVTAR SANDHU CO.Trial BalanceJun...
Problem-3: Plant Assets, Natural Resources and intangible Assets
On January 1, 2019, Evers Company purchased the following two machines for use in its production pro...
Problem-3: Accounting Information Systems
The chart of accounts of LR Company includes the following selected accounts.
112 Accounts Receiv...
Problem-02: Current Liabilities and Payroll Accounting
The following are selected transactions of Blanco Company. Blanco prepares financial statements quar...
Problem-3: Completing the Accounting Cycle
The completed financial statement columns of the worksheet for Bray Company are shown as follows.
B...
Problem-4: Completing the Accounting Cycle
Vang Management Services began business on January 1, 2019, with a capital investment of $120,000. t...
Problem-3: Accounting for Receivables
Presented below is an aging schedule for Halleran Company.
At December 31, 2019, the unadjusted b...
Problem-1: Accounting Information Systems
Kozma Company's chart of accounts includes the following selected accounts.
101 Cash112 Accounts ...
Problem-17: Inventories
Moath Company reports the following for the month of June.
Instructions
Compute the cost of en...
Problem-9: Accounting for Merchandising Operations
Information related to Kerber Co. is presented below
On April 5, purchased merchandise from Wilkes ...
Problem-4: Adjusting the Accounts
A review of the ledger of Remina Company at December 31, 2019, produces the following data pertainin...
Problem-1: Job Order Costing
Lott Company uses a job order cost system and applies overhead to productions on the basis of direct...
Problem-3: Accounting in Action
On June 1, Cindy Godfrey started Divine Designs Co., a company that provides cash opportunities by i...
Problem-16: Plant Assets, Natural Resources and intangible Assets
Linton Company purchased a delivery truck for $34,000 on January 1, 2019. The truck has an expected ...
Problem-01: Long-Term Liabilities
On May 1, 2019, Herron Corp. issued $600,000, 9%, 5-year bonds at face value. The bonds were dated M...
In a survey conducted of 2,000 clerks in an office it found that 48%preferred coffee (C), 54% liked Tea (T) and 64% used to smoke (S). Of the total 28% used C and T, 32%...
the number having all the three
T and S but not C
only C
Completing the Accounting Cycle Adjusting the Accounts Accounting for Merchandising Operations The Recording Process Accounting in Action Inventories Plant Assets, Natural Resources, and Intangible Assets Accounting for Receivables Accounting Information Systems Corporations: Dividends, Retained Earnings, and Income Reporting Current Liabilities and Payroll Accounting Job Order Costing Long-Term Liabilities Sets