Minhajur Rahaman
Principals of Accounting Solutions
Problem-07: Financial Statement Analysis
An incomplete income statement and an incomplete comparative balance sheet of Deines Corporation are...
Problem-03: Statement of Cash Flows
The income statement of Whitlock Company is presented here.
Additional information
Accounts rece...
Problem-13: Accounting for Receivables
At December 31, 2019, Finzelberg Company had a credit balance of $15,000 in Allowance for Doubtful A...
Problem-17: Accounting Information Systems
The general ledger of Hensley company contained the following Accounts payable control account ( in ...
Problem-5: Standard Costs and Balanced Scorecard
Hart Labs, Inc, provides mad cow disease testing for both state and federal governmental agricultura...
Problem 10: Incremental Analysis and Capital Budgeting
Pottery Ranch Inc. has been manufacturing its own finials for its curtain rods.
Problem-05: Process Costing
Polk Company manufactures basketballs. Materials are added at the beginning of the production proces...
Problem-18: Current Liabilities and Payroll Accounting
According to a payroll register summary of Frederickson Company, the amount of employees, gross pay ...
Problem-13: Managerial Accounting
An incomplete cost of goods manufactured schedule is presented below.
Hobbit CompanyCost of goods m...
Problem-16: Accounting Information Systems
Below are some typical transactions incurred by. Ricketts Company.
Payment of creditors on account....
Problem-13: Accounting for Partnerships
Sedgwick Company at December 31 has cash $20,000, noncash assets $100,000, liabilities $55,000, and ...
Problem-17: Financial Statement Analysis
Selected Comparative statements data for Queen products company are presented below. All balance she...
Problem-1: Accounting for Receivables
At December 31, 2018, House Co. reported the following information on its balance sheet.
Accounts r...
Problem-01: Financial Statement Analysis
Comparative statement data for Farris Company and Raizlaff Company, two competitors, appear below. A...
Problem-25: Inventories
The cost of goods sold computations for Sooner company and Later Company are shown as below
Instr...
Problem-21: Process Costing
Remington Inc. is contemplating the use of process costing to track the cost of its operations. The ...
Problem-17: Adjusting the Accounts
At Sekon Company prepayments are debited to expense when paid, and unearned revenues are credited to...
Problem-21: Statement of Cash Flows
Suppose a recent income statement for McDonald's Corporation shows cost of goods sold $4,852.7 milli...
Problem-31: Inventories
Kicks Shoe Store uses the retail inventory method for its two departments. Women's Shoe and Men's Sh...
Problem-16: Investments
Data for investments in stock classified as trading securities are presented in E 16-10. Assume inst...
Problem-17: Current Liabilities and Payroll Accounting
Selected data from a February payroll register for Sutton Company are presented below. Some amounts ...
Problem-23: Completing the Accounting Cycle
The adjusted trial balance for Okabe Company is presented bellow
Okabe Company Adjusted Trial Blanc...
Problem-14: Budgetary Control and Responsibility Accounting
As sales manager, Joe Batista was given following static budget report for selling expenses in the C...
Problem-12: Accounting for Partnerships
Terry, Nick, and Frank are forming the Doctor Partnership. Terry is transferring $30,000 of personal...
Problem 13: Incremental Analysis and Capital Budgeting
Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performance o...
Problem-19: Budgetary Control and Responsibility Accounting
The Mixing Department manager of Malone Company is able to control all overhead costs except ret, pr...
Problem-26: Standard Costs and Balanced Scorecard
Fisk Company uses a standard cost accounting system During January, the company reported the followi...
Problem-12: Process Costing
In Shady Company, materials are entered at the beginning of each process. Work in process inventorie...
Problem 11: Incremental Analysis and Capital Budgeting
Anna Garden recently opened her own baskerweaving studio.
Problem-12: Completing the Accounting Cycle
Okabe Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the...
Problem-8: Completing the Accounting Cycle
The adjusted trial balance columns of the worksheet for Savaglia Company are as follows
Savaglia Co...
Problem-2: The Recording Process
Emily Valley is a licensed dentist. During the first month of the operation of her business, the fol...
Problem-9: Inventories
Wittmann Co. began operations on July 1. It uses a perpetual inventory system During July, the compa...
Problem-3: Incremental Analysis and Capital Budgeting
Last year (2020), Richter Condos installed a mechanized elevator for its tenants. The owner of the c...
Problem-22: Statement of Cash Flows
The 2020 accounting records of Blocker Transport reveal these transactions and events.
Instructio...
Problem-22: Completing the Accounting Cycle
Victoria Lee Company had the following adjusted trial balance
Victoria Lee Company Adjusted Trial B...
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-04: Current Liabilities and Payroll Accounting
The following payroll liability accounts are included in the ledger of Harmon Company on January 1, ...
Problem-8: Budgetary Planning
Thome and Crede, CPAs, are preparing their service revenue budget for the coming year (2020). The pr...
Problem-01: Statement of Cash Flows
You are provided with the following transactions that took place during a recent fiscal year.
Ins...
Problem-12: Adjusting the Accounts
The trial balance for Pioneer Advertising is shown in below
Pioneer AdvertisingTrial BalanceOctober...
Problem-14: Investments
Agee Company purchased 70% of the outstanding common stock of Himes Corporations.
Problem-8: Adjusting the Accounts
Devin Wolf Company has the following balances in selected accounts on December 31, 2019
All the a...
Problem-14: Corporations: Organization and Capital Stock Transactions
Tran Corporation is authorized to issue both preferred and common stock. The par value of the prefer...
Problem-03: Investments
On December 31, 2020, Turnball Associates owned the following securities held as a long-term investm...
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-5: Adjusting the Accounts
On Nobember 1, 2019, the account balances of Hamm Equipment Repair were as follows
During Novembe...
Problem-11: Job Order Costing
A job cost sheet of Sandoval Company is given below.
Instructions
Answer the following questions...
Business Statistics Solutions
Problem-45: Chi-Square and Analysis of Variance
In checking its cars for adherence to emissions standards set by the government, an automaker
measu...
Problem-09: Grouping and Displaying data to convey meaning
The Environmental protection Agency took water Samples from 12 different rivers and streams that fee...
Problem-01: Probability I: Introductory Ideas
Give a collectively exhaustive list of the possible outcomes of tossing tow dice.
Problem-45: Probability I: Introductory Ideas
Al Cascade, president of the Litre Corporation, is studying his company's chances of being awarded a...
Problem-28: Testing Hypotheses: One Sample Tests
Maxwell’s Hot Chocolate is concerned about the effect of the recent year-long coffee adver- tising c...
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: Measures of Central Tendency and Dispersion in Frequency Distributions
Lillian Tyson has been the chairperson of the country library committee for 10 years. She contends t...
Problem-60: Grouping and Displaying data to convey meaning
Cline has obtained information on Section Crew #3’s coal production per shift for the same 35-shift ...
Problem-05: Grouping and Displaying data to convey meaning
The number of hours taken by transmission mechanics to remove, repair and replace transmissions in o...
Problem-14: Grouping and Displaying data to convey meaning
Construct a relative frequency distribution using intervals of 4.0 lb/sq in..
Problem-01: Testing Hypotheses: Two Sample Tests
Two independent samples of observations were collected. For the fi rst sample of 60 elements, the me...
Problem-66: Probability Distribution
The City Bank of Durham has recently begun a new credit program.
Problem-9: Testing Hypotheses: One Sample Tests
Martha Inman, a highway safety engineer, decides to test the load-bearing capacity of a bridge that ...
Problem-05: Sampling and Sampling Distributions
In a normal distribution with mean 56 and standard deviation 21, how large a sample must be taken so...
Problem-44: Chi-Square and Analysis of Variance
A psychologist is aware of studies showing that the variability of attention spans of 5-year olds ca...
Problem-38: Grouping and Displaying data to convey meaning
Pamela Mason, a consultant for a small local brokerage firm, was attempting to design investment pro...
Problem-39: Probability Distribution
Dennis Hogan is the supervisor for the Conowingo Hydroelectric Dam. Mr. Hogan knows that the dam's t...
Problem-54: Probability I: Introductory Ideas
EconOcon is planning its company picnic. The only thing that will cancel the picnic is a thunderstor...
Problem-81: Probability I: Introductory Ideas
The breakdown by political party of the 435 members of the U.S. House of Representatives before and ...
Problem-22: Testing Hypotheses: Two Sample Tests
Additives-R-Us has developed an additive to improve fuel effi ciency for trucks that pull very heavy...
Problem-37: Testing Hypotheses: One Sample Tests
Feronetics specializes in the use of gene-splicing techniques to produce new pharmaceutical compound...
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-14: Measures of Central Tendency and Dispersion in Frequency Distributions
Bennett Distributions Company, a subsidiary of a major appliance manufacture, is forecasting regiona...
Problem-67: Testing Hypotheses: One Sample Tests
In 1996, it was estimated that about 72 percent of all U.S. households were cable TV sub- scribers. ...
Problem-43: Grouping and Displaying data to convey meaning
The Nebraska Department of Agriculture has these data representing weekly growth (in inches) on samp...
Problem-43: Measures of Central Tendency and Dispersion in Frequency Distributions
A librarian polled 20 different people as they left the library and asked them how many books they c...
Problem-20: Estimation
Upon collecting a sample of 250 from a population with known standard deviation of 13.7, the mean is...
Problem-23: Measures of Central Tendency and Dispersion in Frequency Distributions
Hayes Textiles has shown the following percentage increase in net worth over the last 5 years.
Problem-52: Probability Distribution
Maurine Lewis, an editor for a large publishing company, calculates that it requires 11 months on av...
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-31: Chi-Square and Analysis of Variance
We are interested in testing for differences in the palatability of three spicy salsas: A, B, and C....
Problem-42: Probability Distribution
In a normal distribution with a standard deviation of 5.0, the probability that an observation selec...
Problem-36: Grouping and Displaying data to convey meaning
The Massachusetts Friends of Fish has the following data representing pollutants (in parts per milli...
Problem-53: Chi-Square and Analysis of Variance
Nation’s Broadcasting Company is interested in the number of people who tune in to their hit
shows ...
Problem-40: Testing Hypotheses: Two Sample Tests
Clic Pens has tested two types of point-of-purchase displays for its new erasable pen. A shelf displ...
Problem-63: Probability Distribution
The French bread made at La Fleur de Farine costs $8 per dozen baguettes to produce. Fresh bread sel...
Problem-13: Estimation
Because the owner of the Bard’s Nook, a recently opened restaurant, has had difficulty estimating th...
Problem-50: Probability I: Introductory Ideas
A doctor has decided to prescribe two new drugs to 200 heart patients as follows: 50 get drug B, and...
Problem-19: Testing Hypotheses: One Sample Tests
Under what conditions is it appropriate to use a one-tailed test? A two-tailed test?.Contact us for ...
Problem-59: Probability Distribution
An inspector for the U>S> Department of Agriculture is about to visit a large meat-packing company.
...
Problem-86: Probability I: Introductory Ideas
Sandy Irick is the public relations director for a large pharmaceutical fi rm that has been attacked...
Problem-49: Grouping and Displaying data to convey meaning
A sports psychologist studying the effect of jogging on college students’ grades collected data from...
Problem-56: Chi-Square and Analysis of Variance
Two competing ice cream stores, Yum-Yum and Goody, both advertise quarter-pound scoops
of ice cream...
Problem-23: Estimation
The Nebraska Cable Television authority conducted a test to determine the amount of time people spen...
Problem-22: Estimation
Jon Jacobson, an overzealous graduate student, has just completed a first draft of his 700-page diss...
Problem-54: Testing Hypotheses: One Sample Tests
Many cities have adopted High Occupancy Vehicle (HOV) lanes to speed commuter traffic to downtown bu...
Problem-24: Testing Hypotheses: One Sample Tests
American Theaters knows that a certain hit movie ran an average of 84 days in each city, and the cor...
Problem-40: Grouping and Displaying data to convey meaning
Chien-Ling Lee owns a CD store specializing in spoken-word recordings. Lee has 35 months of gross sa...
Problem-32: Testing Hypotheses: Two Sample Tests)
The University Bookstore is facing signifi cant competition from off-campus bookstores, and they are...
Problem-30: Chi-Square and Analysis of Variance
The manager of an assembly line in a clock manufacturing plant decided to study how different speeds...
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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: Inventories
Dempsey Inc is a retailer operating in British Columbia. Dempsey uses the perpetual inventory method...
Problem-8: Adjusting the Accounts
Devin Wolf Company has the following balances in selected accounts on December 31, 2019
All the a...
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...
Problem-01: Corporations: Organization and Capital Stock Transactions
DeLong Corporation was organized on January 1, 2020. It is authorized to issue 10,000 shares of 8%, ...
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 Corporations: Organization and Capital Stock Transactions