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Math problem There are three sections in the attached files. Machinery Purchased Cost 657,500 Salvage Vaalue 20,500 annual Life 5 Tot. Est. Units 254,800 Prod.
Math problem There are three sections in the attached files.
Machinery Purchased Cost 657,500 Salvage Vaalue 20,500 annual Life 5 Tot. Est. Units 254,800 Prod. Yr #1 70,000 Prod. Yr #2 64,500 Prod. Yr #3 32,500 Prod. Yr #4 48,000 Prod. Yr #5 ? Year Units Produced 1 70,000 2 64,500 3 32,500 4 48,000 5? Cost Per Unit ? ? ? ? ? Cost Per Year ? ? ? ? ? Cum Cost ? ? ? ? ? Total Complete the following: a. What is the most that can be produced in Year 5 without exceeding the estimated total? b. Complete the schedule. mated total? Smith, Inc. Statement of Retained Earnings For the Year Ended December 31, 2015 Retained Earnings December 31, 2014 Adjusted ? ? ? ? ? ? ? 5,250,375 ? ? ? ? ? ? ? Income for 2015 Dividends for 2015 Depreciatioon Exp not taken in 2013 Understated amortization expense in 2014 Overstated insurance expense in 2013 Understated bond expense for 2013 Complete the following: a. make the appropriate adjusts to Statement of Retained Earnings b. make the appropriate adjusts. For income and dividends to statement of Retained Earnings 875,300 255,450 15,545 23,525 5,546 8,329 Journalize the following entries: Date 1-Mar General Journal Account Debit 1-Mar issued 50,000 shares $ Credit 15-Mar issued 20,000 share $3 31-Mar Bought land worth $10 shares of $5 par value 15-Mar 31-Mar e the following entries: issued 50,000 shares $4 par value for $300,000 issued 20,000 share $3 Par value for $85,000 Bought land worth $100,000 and issued 15,000 shares of $5 par valueStep by Step Solution
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