Need help with these questions pls.........................................................................

1) Calculate COGS and ending inventory for a perpetual inventory system using the following detail: Date Description Units Unit Cost Total Cost Feb 2 Beginning Bal 200 $3 $ 600 Feb 4 Purchase 100 $5 500 Feb 7 Purchase 300 $4 1,200 Feb 8 Sale 500 Feb 10 Purchase 300 $5 1,500 Feb 12 Sale 300 Feb 15 Purchase 1,000 $2 2,000 Feb 20 Sale 500 Feb 28 Purchase 1,000 $3 3,000 FIFO: LIFO: Weighted Average: 2. Which inventory costing method results in the most net income and why? 3. Which inventory costing method results in the lowest ending inventory balance and why? 4. How do you account for a payment received for a previously written-off receivable? For example: Raisin Corporation wrote off a $10,000 receivable from Sunkist Corporation at the end of January, 2017. In April, 2017 Sunkist Corporation submitted a check for $5,000 in payment of that receivable. 5. On December 1, 2017, Willie Wonka's Chocolate Factory, Inc. agrees to convert Nestles LTD $50,000 accounts receivable to a one year note receivable with an interest rate of 7%. Please calculate the amount of interest earned by Willie Wonka for the year ending December 31 st. 6. What does it mean when a bond is issued at a premium? Give an example. What is the carrying value the day the company sells this bond to an investor? 7. What does it mean when a bond is issued at a discount? Give an example. What does the carrying value the day the company sells this bond to an investor? 8. What does it mean when a bond is issued at face value? Give an example. What is the carrying value the day the company sells this bond to an investor? 9.What accounts are affected when a company records transactions between itself and a shareholder? 10) What is the cost method of stock repurchase and what is the account where these repurchases reside? Where is this account on the balance sheet and how is it classified? 11). How would the following two scenarios be journalized? Scenario #1: SNL Inc. repurchased 50,000 shares for $25 per share. Scenario #2: SNL Inc. reissued 5,000 shares of the above transaction for $28 per share. 12. What are the two key financial factors a company must 13. Describe the four important dates when a cash dividend is declared 14. Please record journal entries for all four important dividend dates for the following case: On December 30, 2017, a company declared a cash dividend of $120,000 to be paid April 15, 2018 to all holders of record as of March 1, 2018. 15. Define a stock split and the affect it has on the number of shares outstanding. 16. Please describe how a preferred stock differs from common stock? 17. What are the components of the shareholder's equity section of the balance sheet, i.e. list the line items you would see on this statement 18. Despite the fact that the direct method is GAAP, most companies use the indirect method. Describe the difference between the two 19. Complete the following schedule using the indirect method to create the operating activity for the statement of cash flows (i.e. fill in the appropriate \"+\" or \"-\") : Net Income non-cash items reflected in Net Income above: _____ Depreciation _____ Gain on sale of an asset _____ Loss on sale of an asset Changes in current assets and current liabilities _____ Decreases in current assets _____ Increases in current assets _____ Decreases in current liabilities _____ Increases in current liabilities 20. What are the two purposes served in adding a decrease in current assets to the net income to calculate the operating activity in the statement of cash flows? Give an example for each purpose. 21. Assume a company sold equipment for $7 million. The equipment originally cost $15 million and had $10 million of accumulated depreciation at the time of disposal. The amount to include in the statement of cash flow would be $__________________ in the ________________________section of the statement of cash flow. 22. What are the two purposes served in adding an increase in current liabilities the net income to calculate the operating activity in the statement of cash flows? Give an example for each purpose. 23. What are the two purposes served in subtracting a decrease in current liabilities the net income to calculate the operating activity in the statement of cash flows? Give an example for each purpose. 24. What are the two purposes served in subtracting an increase in current assets to the net income to calculate the operating activity in the statement of cash flows? Give an example for each purpose. 25. What financial information is needed to help prepare the statement of cash flows and why