5 The following selected transactions are from Parker Company Siop Year 1 Dec. 1 Recepted $24,099, ta-doy, 12% note in granting in on tiet extension on his past due account receivable: 31 made an adjusting entry to record the accrued interest on the Chla note. Year 2 Feb. 14 Received hin's payment of principal and interest on the note dated December 16. Har 2. Accepted = 59,600, , 9 day note in granting the extension on the past due account receivable from Clark Co. 17 Accepted a 516,200, 30 day, 10 note in granting Sarah Walker a time extension on her past due account receivable. Ape. 16 Walker dishonored her notes May 31 Clark Co. dishonored its note. Accepted $10,000, 90-day: 12 note in granting a time extension on the past due account receivable of Lee Co. Sep. Accepted a $13,000, 50 days 10% note in granting is Carter time extension on his past-due account receivable. To. 2 Received payment of principal plus interest from Carter for the September 3 hote. 5 Received payent of principal plus interest from tee for the At 7 mote. Det I wrote of the Walker accountainst the Allowance for Doubtful Accounts P Bences Requirement General Journal General Later) trial Balance Schedule of calculation of cable Interest General Journal tab. Prepare the Year 2 journal entries related to the notes and accounts receivable of Parker Co. Calculation of interest tab Use the interest formuus (PRT) tove the amount of interest recorded in your entries Ver that totaliterature with the trial balance Required information The following information applies to the questions displayed below) Watnerwoods Company uses a periodic inventory system I entered into the following purchases and sales transactions for March YL Uni Sold at Retail Acrtustles Har: 1 Beginning inventory or 5. Purchase Mar. Sales Har 1 Purchase Mar 25 Purchase Mar 25 Snes Totals Units Acuired at cost 200 units $50.00 per unit 400 units 555.00 per unit 120 units 16.00 per unit 200 units 12.00 per unit 420 undts $85.00 per unit BON 16 units 595.00 per unit 50 unite 020 wit 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 3. Compute the cost over to ending inventory and PFO GUFO. (c) weighted average and specific identification (Round your everage cost per un to 2 decimal places Couro Clof Gends Coeur Casper Como Noodle CO Ending M wa Sold inoy 100.000 100 500 500 5000 2500 3200000 500 17200 3000 000 1.100 1 100 1600 50 Required information [The following information applies to the questions displayed below! Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March units Sold at Retail Date Activities Mar. 1 Beginning inventory Mar. Purchase Hace 9 Sales Har 13 Purchase Mar 25 Purchase Mar 25 Sales Totals Units Acquired at Cost 100 units 350.00 per unit 400 units 555.00 per unit 120 units $60.00 per unit 200 units @ $62.00 per unit 420 units 585.00 per unit 520 units 160 units@ $95.00 per unit 580 units Fot 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 for the March 18 purchase and 120 units from the March 25 purchase. 4. Compute gross profit earnied by the company for each of the four costing methods (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar) Specific LIFO 50 900 Wuland Average 50.900 5 50 900 50 900 Les goods 50.000 500 5 50.900 50 900 Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31 bank statement shows an ending cash balance of $68166. The general ledger Cash account, No 101, shows an ending cash balance per books of $68,748 as of March 31 (prior to any reconciliation). A comparison of the bank statement with the general ledger Cash account, No. 101. reveals the following a. The bank erroneously cleared a $590 check against the company account in March that S Rey did not issue. The check was actually issued by Business Systems b. On March 25, the bank statement ists a $43 charge for the safety deposit box. Santana has not yet recorded this expense. c. On March 26, the bank statement lists a $103 charge for printed checks that Business Solutions ordered from the bank Santana has not yet recorded this expense d. On March 31, the bank statement lists 525 interest earned on Business Solutions's checking account for the month of March Santana has not yet recorded revenue e. S Rey notices that the check she issued for $129. on March 31, 2020, has not yet cleared the bank 1. S Rey verifies that all deposits made in March do appear on the Morch bank statement Required: 1. Prepare a bank reconciliation for Bosnews Solutions for the month ended March 31, 2020 TUSINESS SOLUTIONS Bank statement od Med 2030 balance Add Depoint Dedua 5 The following selected transactions are from Parker Company Siop Year 1 Dec. 1 Recepted $24,099, ta-doy, 12% note in granting in on tiet extension on his past due account receivable: 31 made an adjusting entry to record the accrued interest on the Chla note. Year 2 Feb. 14 Received hin's payment of principal and interest on the note dated December 16. Har 2. Accepted = 59,600, , 9 day note in granting the extension on the past due account receivable from Clark Co. 17 Accepted a 516,200, 30 day, 10 note in granting Sarah Walker a time extension on her past due account receivable. Ape. 16 Walker dishonored her notes May 31 Clark Co. dishonored its note. Accepted $10,000, 90-day: 12 note in granting a time extension on the past due account receivable of Lee Co. Sep. Accepted a $13,000, 50 days 10% note in granting is Carter time extension on his past-due account receivable. To. 2 Received payment of principal plus interest from Carter for the September 3 hote. 5 Received payent of principal plus interest from tee for the At 7 mote. Det I wrote of the Walker accountainst the Allowance for Doubtful Accounts P Bences Requirement General Journal General Later) trial Balance Schedule of calculation of cable Interest General Journal tab. Prepare the Year 2 journal entries related to the notes and accounts receivable of Parker Co. Calculation of interest tab Use the interest formuus (PRT) tove the amount of interest recorded in your entries Ver that totaliterature with the trial balance Required information The following information applies to the questions displayed below) Watnerwoods Company uses a periodic inventory system I entered into the following purchases and sales transactions for March YL Uni Sold at Retail Acrtustles Har: 1 Beginning inventory or 5. Purchase Mar. Sales Har 1 Purchase Mar 25 Purchase Mar 25 Snes Totals Units Acuired at cost 200 units $50.00 per unit 400 units 555.00 per unit 120 units 16.00 per unit 200 units 12.00 per unit 420 undts $85.00 per unit BON 16 units 595.00 per unit 50 unite 020 wit 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 3. Compute the cost over to ending inventory and PFO GUFO. (c) weighted average and specific identification (Round your everage cost per un to 2 decimal places Couro Clof Gends Coeur Casper Como Noodle CO Ending M wa Sold inoy 100.000 100 500 500 5000 2500 3200000 500 17200 3000 000 1.100 1 100 1600 50 Required information [The following information applies to the questions displayed below! Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March units Sold at Retail Date Activities Mar. 1 Beginning inventory Mar. Purchase Hace 9 Sales Har 13 Purchase Mar 25 Purchase Mar 25 Sales Totals Units Acquired at Cost 100 units 350.00 per unit 400 units 555.00 per unit 120 units $60.00 per unit 200 units @ $62.00 per unit 420 units 585.00 per unit 520 units 160 units@ $95.00 per unit 580 units Fot 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 for the March 18 purchase and 120 units from the March 25 purchase. 4. Compute gross profit earnied by the company for each of the four costing methods (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar) Specific LIFO 50 900 Wuland Average 50.900 5 50 900 50 900 Les goods 50.000 500 5 50.900 50 900 Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31 bank statement shows an ending cash balance of $68166. The general ledger Cash account, No 101, shows an ending cash balance per books of $68,748 as of March 31 (prior to any reconciliation). A comparison of the bank statement with the general ledger Cash account, No. 101. reveals the following a. The bank erroneously cleared a $590 check against the company account in March that S Rey did not issue. The check was actually issued by Business Systems b. On March 25, the bank statement ists a $43 charge for the safety deposit box. Santana has not yet recorded this expense. c. On March 26, the bank statement lists a $103 charge for printed checks that Business Solutions ordered from the bank Santana has not yet recorded this expense d. On March 31, the bank statement lists 525 interest earned on Business Solutions's checking account for the month of March Santana has not yet recorded revenue e. S Rey notices that the check she issued for $129. on March 31, 2020, has not yet cleared the bank 1. S Rey verifies that all deposits made in March do appear on the Morch bank statement Required: 1. Prepare a bank reconciliation for Bosnews Solutions for the month ended March 31, 2020 TUSINESS SOLUTIONS Bank statement od Med 2030 balance Add Depoint Dedua