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. )

CHART OF ACCOUNTSGeneral Ledger

Journalize the entries for the transactions on December 31. Refer to the Chart of Accounts for exact wording of account titles.

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JOURNAL

ACCOUNTING EQUATION

YOUR Firm, Inc. expects to sell 200,000 units next year, generating total sales of

$ 17,000,000. Management predicts that profit will be $ 1,250,000 and the contribution margin will be $ 25 per unit.

1. What is the total expected variable costs?
2. What is next year’s expected fixed costs?
3. Compute the expected margin of safety in both units and sales dollars?

Grandma decides to put 1200 dollars every month into an account for you. She makes 16 monthly deposits, the last coming September 1, 2019 - the day you start college. She wants you to be able to withdraw money from this account at the beginning of each month, with the first withdrawal coming September 1, 2019 and the last coming June 1, 2024, (when you'll graduate). (Note: that makes 58 withdrawals total.) How much will you be able to withdraw each month if the account is earning a nominal interest rate of 7.5 percent convertible monthly?

During 2019, Brent Industries, Inc. constructed a new manufacturing facility at a cost of $12,000,000. The weighted average accumulated expenditures for 2019 were calculated to be $5,750,000. The company had the following debt outstanding at December 31, 2019:

(a) 7 percent, five-year note to finance construction of the manufacturing facility, dated January 1, 2019, $4,000,000.

(b) 9 percent, 20-year bonds issued at par on April 30, 2015, $8,400,000.

(c) 7 percent, six-year note payable, dated March 1, 2017, $1,800,000.

Required:

1. Determine the amount of interest that should be capitalized in 2019 assuming that the facility is completed at the end of 2019. DON'T NEED

2. Show the most likely journal entry to record the capitalized interest assuming that Brent recorded all interest as expense when paid or accrued. DON'T NEED

3. Give the journal entry to record depreciation on the facility in 2020 assuming a 25 year useful life and no salvage value.

4. Give the journal entry to sell the manufacturing facility at the end of 2030 for $7 million in cash.

I have the answers to 1&2 - I just need 3&4 please. Thanks!

The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production.

a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent.

b. Assuming that the direct materials cost is the same for February and March, did the conversion cost per equivalent unit increase, decrease, or remain the same in March?
Increase

The company issues 4.4% 10-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 4.5%.

ROUND ANSWERS TO NEARST DOLLAR

What is the issue price of the bond? $_______

What is the interest expense for the first interest payment? $_____

What is the bond liability after the first interest payment? $_______

West Texas Chemical Company manufactures a product called Kylon, which requires three raw materials. Production is in batches of 1,000 gallons of finished product. The firm uses standard costs as a control device. Its standard costs for materials for each batch of Kylon have been established as follows:

The output is packaged in 50-gallon drums. During the month of June 2019, 200 drums of Kylon were produced. There was no beginning or ending inventory of work in process. The materials actually used during June are listed below:

Compute the total variance between the actual cost of the materials used during June and the standard cost of the materials. Also compute the total variance for each type of material. (Indicate the effect of each variance by selecting Favorable, Unfavorable, and "None" for no effect (i.e., zero variance).)

Analyze the variances for each type of material for the month. (Indicate the effect of each variance by selecting Favorable, Unfavorable, and "None" for no effect (i.e., zero variance).)

Kurtz Fencing Inc. uses a job order cost system. The following data summarize the operations related to production for March, the first month of operations:

1-How is the term "market value" used in real estate valuation?

2-. How is the term "investment value" used in real estate valuation?

3-How are transaction prices used in real estate valuation?

4- List the eight steps of the valuation process used in conformity with Uniform Standards of Professional Appriasal Practice.

5- Explain the importance of arm's-length transactions when selecting comparable sales data , give examples that do not qualify as such.

NOTE: please write the answer in short

Segak Koleksi Company is a manufacturer of high quality work uniforms. The price of a uniform is RM150. The following are the costs involved in April with the production unit of 500 uniforms:

a)   Calculated:

1. 1. Prime Cost – monthly
   2. Overhed Cost – monthly
   3. Period Cost – monthly
   4. Cost product per unit
2. One of items above is sunk cost. Define sunk cost and identify the items above.

Explain the difference between capital assets, capital investments, and capital budgeting.

Fuqua Company’s sales budget projects unit sales of part 198Z of 10,400 units in January, 13,000 units in February, and 13,400 units in March. Each unit of part 198Z requires 4 pounds of materials, which cost $3 per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next month’s production requirements, and its ending finished goods inventory to equal 20% of the next month’s expected unit sales. These goals were met at December 31, 2019.

Prepare a production budget for January and February 2020.

Prepare a direct materials budget for January 2020.

Crown Co. can produce two types of lamps, the Enlightner and Foglighter. The data on the two lamp models are as follows:

It takes one machine hour to produce each product. Total fixed costs for the manufacture of both products are $90,000. Demand is high enough for either product to keep the plant operating at maximum capacity.

Assuming that sales mix in terms of dollars remains constant, what is the breakeven point in dollars? (Round intermediate calculations to 4 decimal places and final answer up to the nearest whole number.)

Multiple Choice

• $306,513.

• $118,365.

• $288,735.

• $945,667.

• $244,765.

Please describe the sections of the statement of stockholders equity. Search for an example of such a statement and include this in your post.

Bianca has the following inventory, purchases, and sales data for the month of March. The physical inventory count on March 31 shows 500 units on hand. Inventory: March 1 200 units @ $4.00 $ 800 Purchases: March 10 500 units @ $4.50 2,250 March 20 400 units @ $4.75 1,900 March 30 300 units @ $5.00 1,500 Sales: March 15 500 units March 25 400 units Required: 1. Under a periodic inventory system, determine the cost of inventory on hand at March 31 and the cost of goods sold for March under (a) FIFO and (b) average-cost. 2. Under a perpetual inventory system, determine the cost of inventory on hand at March 31 and the cost of goods sold for March under (a) FIFO and (b) average-cost