Minhajur Rahaman
Principals of Accounting Solutions
Problem-10: Current Liabilities and Payroll Accounting
Betancourt Company sells automatic can openers under a 75-day warranty for defective merchandise, Ba...
Problem-2: Inventories
Glee Distribution markets CDs of the performing artist Unique. At the beginning of October, Glee had...
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-27: Long-Term Liabilities
LRNA Company issued $380,000, 7%, 10-year bonds on January 1, 2020, for $407,968. This price resulte...
Problem-18: Statement of Cash Flows
Here are comparative balance sheets for Velo Company.
VELO CompanyComparative Balance SheetsDecembe...
Problem-23: Long-Term Liabilities
Presented below are two independent situations
Flinthills Car Rental leased a car to Jayhawk Compan...
Problem-11: Corporations: Organization and Capital Stock Transactions
As an auditor for the CPA firm of Hinkson and Calvert, you encounter the following situations in aud...
Problem-18: Budgetary Control and Responsibility Accounting
Fey Company's organization chart includes the president; the vice president of production; three ass...
Problem-1: Adjusting the Accounts
Logan Krause started her own consulting firm, Krause Consulting, on May 1, 2019. The trial balance a...
Problem-4: Accounting for Receivables
Rigney Inc. uses the allowance method to estimate uncollectable accounts receivable. The company pro...
Problem-9: Fraud, Internal Control, and Cash
The following information pertains to Crane Video Company
Cash balance per bank, July 31, $7,263.
...
Problem-3: Adjusting the Accounts
Alena Co. was organized on July 1, 2019. quarterly financial statements are prepared. The unadjusted...
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-1: Accounting in Action
On April 1, Julie Spengel established Spengel's Travel Agency. The following transactions were compl...
Problem-21: Budgetary Planning
The Controller of trenshaw Company wants to improve the company's control system by preparing a mont...
Problem-07: Current Liabilities and Payroll Accounting
On June 1, Merando Company borrows $90,000 from First Bank on a 6-month, $90,000, 8% note
Instructi...
Problem-03: Investments
On December 31, 2020, Turnball Associates owned the following securities held as a long-term investm...
Problem-12: Investments
On January 1, Zabel Corporation purchased a 25% equity in Helbert corporation for $180,000. At Decem...
Problem-15: Accounting Information Systems
Hasselback Company has the following selected transactions during March.
Mar. 2Purchased equipment ...
Problem-19: Accounting Information Systems
Tresh Products uses both special journals and a general journal. Tresh also posts customers accounts...
Problem-8: The Recording Process
The following information relates to Sanculi Real Estate Agency:
Oct. 1
Alan Sanculi begins ...
Problem-07: Corporations: Organization and Capital Stock Transactions
Andrea has prepared the following list of statements about corporations
A corporation is an entity ...
Problem-22: Standard Costs and Balanced Scorecard
Byrd Company produces one product, a putter called GO-putter. Byrd use a standard cost system and de...
Problem-04: Statement of Cash Flows
Data for Whitlock Company are presented below
Additional information
Accounts receivable increas...
Problem-14: Accounting for Partnerships
Data for Sedgwick Company are presented bellow.
At December 31, Sedqwick Company has cash $20,000...
Problem 6: Incremental Analysis and Capital Budgeting
Lon Timur is an accounting major at a midwestern state university located approximately 60 miles fro...
Problem-15: Completing the Accounting Cycle
Patel Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant m...
Problem-18: Corporations: Dividends, Retained Earnings, and Income Reporting
In 2020, Pennington Corporation had net sales of $600,000 and cost of goods sold of $360,000, Operat...
Problem-1: Incremental Analysis and Capital Budgeting
Three Point Sports Inc. manufactures basketballs for the Women's National Basketball Association (WN...
Problem-14: Statement of Cash Flows
Gutierrez Company reported net income of $225,000 for 2020. Gutierrez also reported depreciation exp...
Problem-11: Statement of Cash Flows
The comparative balance sheets for Rothlisberger Company as of December 31 are presented below.
Rot...
Problem-13: Completing the Accounting Cycle
Selected accounts for Tamora's Salon are presented below. All June 30 postings are from closing entr...
Problem 10: Incremental Analysis and Capital Budgeting
Pottery Ranch Inc. has been manufacturing its own finials for its curtain rods.
Problem-25: Inventories
The cost of goods sold computations for Sooner company and Later Company are shown as below
Instr...
Problem-5: Budgetary Planning
The budget committee of Supper Company collects the following data for its san Miguel Store in prepa...
Problem-26: Long-Term Liabilities
Lorance Corporation issued $400,000, 7%, 20-year bonds on January 1, 2020, for $360,727. This price ...
Problem-9: The Recording Process
Marx Industries had the following transactions:
Borrowed $5,000 from the bank by signing a note.
...
Problem-1: Accounting for Merchandising Operations
Kern's Book Warehouse distributes hardcover looks to retail stores and extends credit terms of 2/10,...
Problem-22: Long-Term Liabilities
Hatfield Corporation reports the following amounts in its 2019 financial statements:
Compute the ...
Problem-8: Accounting for Receivables
Winter Company's balance sheet at December 31, 2020, is presented below.
During January 2021, the...
Problem-14: Budgetary Planning
Rodriguez, Inc, is preparing its direct labor budget for 2020 from the following production budget b...
Problem-13: Plant Assets, Natural Resources and intangible Assets
Tom Parkey has prepared the following list of statements about depreciation.
Depreciation is a proc...
Problem-4: Standard Costs and Balanced Scorecard
Kansas Company uses a standard cost accounting system. In 2020, the company produced 28,000 units. E...
Problem-19: Current Liabilities and Payroll Accounting
Mayberry Company has two fringe benefit plans for its employees.
It grants employees 2 days' vacati...
Problem-05: Corporations: Dividends, Retained Earnings, and Income Reporting
On January 1, 2020, Shellenburger Inc. had the following stockholders' equity account balances.
C...
Problem-12: Corporations: Dividends, Retained Earnings, and Income Reporting
Before preparing financial statements for the current year, the chief accountant for Toso Company di...
Problem-05: Investments
The following securities are in Frederick Company's portfolio of long-term available-for-sale securi...
Problem-19: Standard Costs and Balanced Scorecard
You have been given the following information about the production of Usher Co, and are asked to pro...
Problem-03: Accounting for Partnerships
The partners in Crawford Company decide to liquidate the firm when the balance sheet shows the follo...
Business Statistics Solutions
Problem-01: Estimation
The Greensboro Coliseum is considering expanding its searing capacity and needs to know both the ave...
Problem-25: Sampling and Sampling Distributions
Davis Aircraft Co. is developing a new wing de-icer system, which it has installed on 30 commercial ...
Problem-14: Probability I: Introductory Ideas
General Buck Turgidson is preparing to make his annual budget presentation to the U.S. Senate and is...
Problem-57: Testing Hypotheses: Two Sample Tests
TV network executive Terri Black has just received a proposal and a pilot tape for a new show. Empty...
Problem-06: Measures of Central Tendency and Dispersion in Frequency Distributions
The Frequency distributions below represents the time in seconds needed to serve a sample of custome...
Problem-50: Probability Distribution
On the basis of past experience, automobile inspectors in Pennsylvania have noticed that 5 percent o...
Problem-11: Sampling and Sampling Distributions
Clara Voyant, Whose job is predicting the future for her venture capital company, has just received ...
Problem-35: Grouping and Displaying data to convey meaning
Homer Willis, a fishing boat captain from Salter Path, North Carolina, believes that the break-even ...
Problem-17: Chi-Square and Analysis of Variance
The computer coordinator for the business school believes the amount of time a graduate student spen...
Problem-50: Chi-Square and Analysis of Variance
From a sample of 25 observations, the estimate of the standard deviation of the population
was foun...
Problem-06: Sampling and Sampling Distributions
In a normal distribution with mean 375 and standard deviation 48, how large a sample must be taken s...
Problem-50: Grouping and Displaying data to convey meaning
A behavioral researcher studying the success of college students in their careers conducts interview...
Problem-06: Quality and Quality Control
Track Bicycle Parts manufactures precision ball bearings for wheel hubs, bottom brackets, head sets,...
Problem-02: Measures of Central Tendency and Dispersion in Frequency Distributions
Davis Furniture Company has a revolving credit agreement with the fast National Bank. The loan showe...
Problem-40: Chi-Square and Analysis of Variance
The standard deviation of a distribution is hypothesized to be 50. If an observed sample of 30 yield...
Problem-06: Probability Distributions
Bill Jonson has bought a VCR from Jim's Videotape Service at a cost of $300. He now has the option o...
Problem-49: Probability I: Introductory Ideas
Given: The probabilities of three events, A, B, and C, occurring are P(A)= 0.35, P(B)= 0.45, and P(C...
Problem-52: Measures of Central Tendency and Dispersion in Frequency Distributions
For the following data, compute the interquartile range.
Problem-54: Probability Distribution
The Nobb Door Company manufactures doors for recreational vehicles.
Problem-30: Sampling and Sampling Distributions
HAL Corporation manufactures large computer systems and has always prided itself on the reliability ...
Problem-08: Probability Distributions
Alan Sarkid is the president of the Dinsdale Insurance Company and he is concerned about the high co...
Problem-65: Probability I: Introductory Ideas
The scheduling offi cer for a local police department is trying to decide whether to schedule additi...
Problem-31: Grouping and Displaying data to convey meaning
Here is a frequency distribution of the weight of 150 people who used a ski lift a certain day. Cons...
Problem-21: Probability I: Introductory Ideas
An urn contains 75 marbles: 35 are blue, and 25 of these blue marbles are swirled. The rest of them ...
Problem-31: Probability I: Introductory Ideas
George, Richard, Paul, and John play the following game. Each man takes one of four balls numbered 1...
Problem-30: Grouping and Displaying data to convey meaning
The following set of raw data givesincome and education level for a sample of individuals. Would rea...
Problem-01: Grouping and Displaying data to convey meaning
Here the ages of 50 members of a county social service program
Use these data to construct relati...
Problem-16: Estimation
The school board of For sight County considers its most important task to be keeping the average cla...
Problem-19: Grouping and Displaying data to convey meaning
John Lyon, owner of Fowler's Food Store in Chapel Hill, North Carolina, has arranged his customers p...
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-42: Probability I: Introductory Ideas
At a soup kitchen, a social worker gathers the following data. Of those visiting the kitchen, 59 per...
Problem-27: Grouping and Displaying data to convey meaning
For the purpose of performance evaluation and quota adjustment, Ralph Williams monitored the auto sa...
Problem-10: Quality and Quality Control
For each of the following cases, find the CL, UCL, and LCL for a p chart based on the given informat...
Problem-44: Measures of Central Tendency and Dispersion in Frequency Distributions
The ages of residents of Twin Lakes Retirement Village have this frequency distribution:
ClassFrequ...
Problem-20: Testing Hypotheses: Two Sample Tests
The data below are a random sample of 9 firms chosen from the “Digest of Earnings Reports” in The Wa...
Problem-02: Sampling and Sampling Distributions
Mary Bartel, an auditor for a large credit card company, knows that, on average, the monthly balance...
Problem-47: Testing Hypotheses: One Sample Tests
The data-processing department at a large life insurance company has installed new color video displ...
Problem-44: Testing Hypotheses: One Sample Tests
If a sample of 25 observations reveals a sample mean of 52 and a sample variance of 4.2, test the hy...
Problem-53: Measures of Central Tendency and Dispersion in Frequency Distributions
For the sample that follows, compute the.
Problem-31: Sampling and Sampling Distributions
Members of the Organization for Consumer Action send more than 250 volunteers a day all over the sta...
Problem-11: Sampling and Sampling Distributions
Calvin Ensor, president of General Telephone Corp, is upset at the number of telephones produced by ...
Problem-01: Probability I: Introductory Ideas
Give a collectively exhaustive list of the possible outcomes of tossing tow dice.
Problem-17: Sampling and Sampling Distributions
Jonida Martinez, researcher for the Columbian Coffee Corporation, is interested in determining the r...
Problem-29: Chi-Square and Analysis of Variance
Given the measurements in the four samples that follow, can we conclude that they come from populati...
Problem-55: Chi-Square and Analysis of Variance
Two brand managers were in disagreement over the issue of whether urban homemakers had
greater vari...
Problem-44: Grouping and Displaying data to convey meaning
The National Safety Council randomly sampled the tread depth of 60 right front tires on passenger ve...
Problem-32: Grouping and Displaying data to convey meaning
Central Carolina Hospital has the following data representing weight in pounds at birth of 200 prema...
Problem-26: Estimation
Chief of Police Kathy Ackert has recently instituted a crackdown on drug dealers in her city. Since ...
Problem-05: Probability I: Introductory Ideas
Consider a stack of nine cards, all spades, numbered 2 through 10, and a die. Give a collectively ex...
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: 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-9: Accounting for Merchandising Operations
Information related to Kerber Co. is presented below
On April 5, purchased merchandise from Wilkes ...
Problem-17: Inventories
Moath Company reports the following for the month of June.
Instructions
Compute the cost of en...
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