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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase.

Journalize the entries for the following transactions. Refer to the Chart of Accounts for exact wording of account titles. (Note: the company uses a clearinghouse to take care of all bank as well as non-bank credit cards used by its customers.)

The following information relates to The Kruger Company for its 2015 and 2014 fiscal years, and Total Grocers Market, Inc. for its 2014 and 2013 fiscal years.

Required

Compute the following ratios for the Kruger company 2015 fiscal year and for the Total Grocers Market, Inc., 2014 fiscal year: (Do not round intermediate calculations. Round "Current ratio" to 2 decimal places and "Average days" to nearest whole number. Round all other answers to 1 decimal place.)

ournalize entries for the following related transactions of Manville Heating & Air Company. Refer to the Chart of Accounts for exact wording of account titles.

You are operating your accounting firm. Your first client had the following transactions in April 20x7: Borrowed $10,000 from the bank. Purchased $2,250 of computer equipment for cash. Paid $750 cash for this month’s rent. Purchased $1,500 of office supplies on credit. It is expected that these supplies will last for 3 months. Billed $500 to customers for services rendered during April. Paid cash for the $1,500 balance owed to the vendor from Transaction 4. Collected $450 cash of the amount billed to the customer in Transaction 5 Sold one-half of the equipment purchased in Transaction 2 for $1,125 in cash, with no gain or loss recognized on the sale. 9. Paid $1,000 of the principal from the loan in transaction 1, along with $50 in interest. Required: Use the four steps in the accounting cycle to analyze business transactions, a) Identifying transactions from source documents, b) Analyzing transactions using the accounting equation, c) Recording the journal entry and d) Posting the entry to the ledger to complete the following: Prepare journal entries for each of the above transactions. Post the journal entries to T–accounts and total the accounts. From the T–accounts, prepare an unadjusted trial balance. List expenses in alphabetical order. Use the following chart of accounts names and template: Cash, Capital Stock, Equipment, Accounts Payable, Rent, Supplies, Accounts Receivable, Revenue.

On June 30, 2017, Sharper Corporation’s common stock is priced at $26.00 per share before any stock dividend or split, and the stockholders’ equity section of its balance sheet appears as follows.

1. Assume that the company declares and immediately distributes a 100% stock dividend. This event is recorded by capitalizing retained earnings equal to the stock’s par value. Answer these questions about stockholders’ equity as it exists after issuing the new shares.

Assume that the company declares and immediately distributes a 100% stock dividend. This event is recorded by capitalizing retained earnings equal to the stock’s par value. Answer these questions about stockholders’ equity as it exists after issuing the new shares. Complete the below table to calculate the retained earnings balance, total stockholders’ equity and number of outstanding shares.

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Assume that the company implements a 2-for-1 stock split instead of the stock dividend in required 1. Answer these questions about stockholders’ equity as it exists after issuing the new shares. Complete the below table to calculate the retained earnings balance, total stockholders’ equity and number of outstanding shares.

Albert started her business on July 1, 2020. The following transactions occurred during the month of July.

Identify the effects of the following transactions on the accounting equation:

12. A 25 year municipal bond has a maturity value of $20,000 and a coupon rate of 4.8%. Coupons

are paid semi-annually, at the end of each period. Find the market price of the bond if the

           current yield is 5.5% per year, compounded semi-annually. Is the bond selling at a premium

           or discount?

N =

I % =

PV =

PMT =

FV =

P/Y =

C/Y =

PMT: END BEG

CHAPTER 21 (12.)

Portions of the financial statements for Parnell Company are provided below.

Required:

1. Prepare the cash flows from operating activities section of the statement of cash flows for Parnell Company using the direct method.
2. Prepare the cash flows from operating activities section of the statement of cash flows for Parnell Company using the indirect method.

Zugar Company is domiciled in a country whose currency is the dinar. Zugar begins 2017 with three assets: cash of 22,000 dinars, accounts receivable of 80,800 dinars, and land that cost 208,000 dinars when acquired on April 1, 2016. On January 1, 2017, Zugar has a 158,000 dinar notes payable, and no other liabilities. On May 1, 2017, Zugar renders services to a customer for 128,000 dinars, which was immediately paid in cash. On June 1, 2017, Zugar incurred a 108,000 dinar operating expense, which was immediately paid in cash. No other transactions occurred during the year. Currency exchange rates for 1 dinar follow:

1. Assume that Zugar is a foreign subsidiary of a U.S. multinational company that uses the U.S. dollar as its reporting currency. Assume also that the dinar is the subsidiary’s functional currency. What is the translation adjustment for the subsidiary of the year 2017?
2. Assume that Zugar is a foreign subsidiary of a U.S. multinational company that uses the U.S. dollar as its reporting currency. Assume also that the U.S. dollar is the subsidiary’s functional currency. What is the remeasurement gain or loss for 2017?
3. Assume that Zugar is a foreign subsidiary of a U.S. multinational company. On the December 31, 2017 balance sheet, what is the translated value of the Land account? On the December 31, 2017 balance sheet, what is the remeasured value of the land

This is all one question with several parts for my accounting homework. I've tried but I keep getting the wrong answer please help.

Your firm is considering a project to produce new whatchamacallits. The project will require new equipment at a cost of $150,000. Shipping and installation will be $25,000 and initial training required before the project starts will cost $20,000. The equipment will be depreciated on a straight- line basis to a book value of $15,000 over the project’s three year life. At the end of the project, the equipment will be sold for $10,000.

Initially, the project requires an increase in inventory of $5,000, an increase in Accounts Payable of $3,000, and an increase in Accounts Receivable of $8,000. Changes in working capital will be recouped at the end of the project.

The whatchamacallits will be sold for $10 each. The project would require variable costs of 20% of sales, annual fixed costs of $21,000, and annual recertification training at a cost of $5,000.

The tax rate is 35% and the cost of capital is 12%. Assuming that the operating cash flows will be constant over the project’s life, calculate the financial break-even level of annual sales.

Thornton Industries began construction of a warehouse on July 1, 2021. The project was completed on March 31, 2022. No new loans were required to fund construction. Thornton does have the following two interest-bearing liabilities that were outstanding throughout the construction period:

Construction expenditures incurred were as follows:

The company’s fiscal year-end is December 31.

Required:
Calculate the amount of interest capitalized for 2021 and 2022.

You are requested to use your assumed business to prepare an accounting cycle project which include the 9 steps with transactions and workings

i want all steps of accounting cycles with assumed business transactions with working step 1 till step 9