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Please help me fill in the missing components to the first chart & Please help me answer Req1-3 Required information [The following information applies to

Please help me fill in the missing components to the first chart & Please help me answer Req1-3
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Required information [The following information applies to the questions displayed below] Palmer Cook Music Productions manages and operates two bands. The company entered into the following transactions during a recent year. January 2 Purchased a tour bus for $70,000 by paying $21,000 cash and signing a $49,000 note due in two years. In its accounting system, the company records the vehicle distinct from other types of equipment. January 8 After the bus was used for nearly one week, it was painted with the logos of the two bands at a cost of $400, on account. The logos did not increase the lifespan, operating capacity, or operating efficiency of the bus, but they were thought to be useful in promoting the bands. January 30 wrote a check for the amount aved on account for the work completed on January 8. February 1 Purchased new speakers and amplifiers and wrote a check for the full $13,500 cost. February 8 Paid $300 cash for minor repairs to the tour bus. March 1 Pald $21,000 cash and signed a $195,000 five-year note to purchase a small office building and land. An appraisal indicated that the building and land contributed equally to the total price March 31 Paid $50,000 cash to acquire the goodwill and certals tangible assets of krist myth, Incorporated. The fair values of the tangible assets acquired were $10,000 for band equipment and $50,000 for recording equipment. Required: 1-a. Complete the following accounting equation table for the above transactions. TIP: Goodwill is recorded as the excess of the purchase price over the fair value of individual assets. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Data January 02 January 02 January 08 January 30 February 01 February 01 February 08 March 01 March 01 March 01 March 31 March 31 March 31 Vehicles Cash Equipment Cash Land Buildings Cash Goodall Equipment Cash Assets 70.000- (21.000) M Accounts Payable Accounts Payable (400) 13.500- (13,500) - (300) 108 000- 100.000 (21.000)- 20.000 60.000 180.000) Answer is not complete. Liabilities Notes Payable (long-term) Notes Payable ongen) 30 49,000 400 (400)+ . + 1+ . 195.000. + Stockholders' Equity Repairs and Maintenance Expense (400) (300) O Journal entry worksheet Complete this question by entering your answers in the tabs below. Req 18 For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Palmer Cook Music Productions should report for the quarter ended March 31. For convenience, the equipment and vehicle are depreciated the same way, using the straight-line method with a useful life of five years and no residual value. The building is depreciated using the double-declining-balance method, with a 8-year useful life and residual value of $21,000. TIP: Calculate depreciation from the acquisition date to the end of the quarter. (Do not round intermediate calculations.) Vehicles Equipment Buildings Reg 2 Partial Year Req 3 Show less A ok nt nces View transaction list Journal entry worksheet 1 Record the depreciation expense for the three assets at the end of the quarter. Note: Enter debits before credits. Date March 31 Record entry General Journal Clear entry Debit Credit View general journal

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