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please hurry The tables are for joirnal entries Date, Accounts, Debit or credit please hurry the tables are for journal entries Date, Account, Debit or

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please hurry image text in transcribed
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The tables are for joirnal entries
Date, Accounts, Debit or credit
please hurry
image text in transcribed
the tables are for journal entries
Date, Account, Debit or Credit
image text in transcribed
Question & [15 points] Westo runs a decaping company on October 1, 2015. The company purchased treener Racer make sure your fingers) are not to 2 decimal places. Ember an appropriate de orion where on tema January 15 would be an) (a) The list price of Skidsteer loader 21 was $19.000. It was purchased with a $15.000, the years berro. We would dealership's incremental bertowing 53% West Co will pay the role of the 3.000 made the end dusch you (b) Skid-steer loader #2 was purchased as part of a group of assets from a smaller company. Westo received all the sets for a cash pement of 100,00 Detalloween purchase of all three assets) Seller's Book Value Anna Far Skidsteer loader $33.000 $35.000 Machinery 43.000 48.000 Equipment 32.000 36,000 3108,000 $120.000 (c) The list price of Skid-steer loader #3 was $15,000. It was purchased with a 13% down payment and a four year non interest bearing note for the difference. We would normally say writ on similar loans, while the dealership's incremental borrowing rate is 7% Debild tion 18 26 points On June 1, 2016. Sir Co. purchased West Co by moquiring the net esses for a cash payment of $10,000 and are payable of $220,000 low is the balance sate, and the corresponding for market values San,000 585.000 contracte (not of 317.000 W) 110.000 110.000 Autory 35.000 0.009 Land 74.000 0 000 net of $12.000 accum depreciation) 140.000 140.000 Machinery net of $14,000 acourted preciation) 145,000 127,000 Patunteet of 5.000 med amortization 10,000 19.000 Total $650.000 100.000 Lo and Shareholders Equity Accounts payable $245,000 245,000 Common shares 405.000 Tot S650,000 Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format ddmmm de, January 15 would be 151 Jan). Please make sure your final are accurate to 2 decimal places a) Record the June 1, 2015 entry for Stiller Co. b) On December 31, 2015, Soller Co. tests its goodwill for impairment. It is determined that the fair value of goodwill is now $20,000. Record any necessary entries on that date Colleaal soumol PRI DOM b) On December 31, 2015, Seller Co. tests its goodwill for impairment. His determined that the lor value of goodwill a row $20.000. Record any necessay ertoes on at den c) Assume that instead of paying a total of $530,000 for the acquisition, the only payment required by Sitter Co. was $310,000 cash Ahler a reassessment of all the varieties, and the procedures, how would stiller Co. classify the bargain purchase (or "negative goodwil)? Stiller Co would (efectone) Question 16 [14 points) hyn motivation to influence or bias reported financial results. Question 8 [15 points] Westo runs a landscaping company. On October 1, 2015, the company purchased three new skid steer loaders. Record the journal entries for each acquisition given the information below. Please make sure your final answer(s) are accurate to 2 decimal places. Enter an appropriate description when ervaring the transactions in the journal. Dates must be entered in the format ddimenfio. January 15 would be 15/Jan) a) The list price of Skidsteer loader #7 was 510.000. It was purchased with a $15.000, five year non-Interest bearing noo. Westco would normally say 6% interest on similar loans, while the dealership's incremental borrowing rate is 3% WestCo will pay the note off in five, $3,000 instalments made at the end of each year (b) Skid-steer loader 2 was purchased as part of a group of assets from a smaller company Westco received all the assets for a cash payment of $100,000 Details are as follows (Record the purchase of all three assets) . Seller's Book Value Asset Fair Value Skid-weer loader $33.000 $35,000 Machinery 43.000 48.000 Equipment 32.000 36,000 $100,000 $120,000 ta The list price of Skid-steer loader #3 was $15.000. It was purchased with a 13% down payment and a four year non-interest bearing note for the difference. WestCo would normally pay 9% interest on similar loans, while the dealership's incremental borrowing rate is 7% Ost Credit olcs scared CamScanner Question 8 [15 points] Westo runs a landscaping company. On October 1, 2015, the company purchased twee new skid steer loaders. Record the journal entries for each union given the information below. Please make sure your finalanowers) are accurate to 2 decimal places. Enter an appropriate description when entering the transactions in the journal Dates must be entered in the format din le January 15 would be 15/Janj () The list price of Skio-steer loader #1 was $10,000. It was purchased with a $15.000. five year non-Interest bearing role, Westco would normally pay interest on similar loans, while the dealership incremental borrowing rate is 3% WestCo will pay the note of in five $3,000 instalments made at the end of each year D) Skidsteer onder 12 was purchased as part of a group of assets from a smaller company. WestCo received all the assets for a cash payment of $100,000. Details are as follows (Record the purchase of all three assets) Seller's Book Value Skierneder $33,000 Machinery 43.000 Equipment 22.000 $100,000 Anel Fair Value $35,000 48,000 36,000 $120,000 c) The list price of Skidsteer loader #3 was $15,000. It was purchased with a 13% down payment and a four year non-interest bearing note for the difference, WestCo would normally pay interest on similar loans, while the dealership's incremental borrowing rate is 7% Dota Cord ICS Scanner CamScanner Question & [15 points] Westo runs a decaping company on October 1, 2015. The company purchased treener Racer make sure your fingers) are not to 2 decimal places. Ember an appropriate de orion where on tema January 15 would be an) (a) The list price of Skidsteer loader 21 was $19.000. It was purchased with a $15.000, the years berro. We would dealership's incremental bertowing 53% West Co will pay the role of the 3.000 made the end dusch you (b) Skid-steer loader #2 was purchased as part of a group of assets from a smaller company. Westo received all the sets for a cash pement of 100,00 Detalloween purchase of all three assets) Seller's Book Value Anna Far Skidsteer loader $33.000 $35.000 Machinery 43.000 48.000 Equipment 32.000 36,000 3108,000 $120.000 (c) The list price of Skid-steer loader #3 was $15,000. It was purchased with a 13% down payment and a four year non interest bearing note for the difference. We would normally say writ on similar loans, while the dealership's incremental borrowing rate is 7% Debild tion 18 26 points On June 1, 2016. Sir Co. purchased West Co by moquiring the net esses for a cash payment of $10,000 and are payable of $220,000 low is the balance sate, and the corresponding for market values San,000 585.000 contracte (not of 317.000 W) 110.000 110.000 Autory 35.000 0.009 Land 74.000 0 000 net of $12.000 accum depreciation) 140.000 140.000 Machinery net of $14,000 acourted preciation) 145,000 127,000 Patunteet of 5.000 med amortization 10,000 19.000 Total $650.000 100.000 Lo and Shareholders Equity Accounts payable $245,000 245,000 Common shares 405.000 Tot S650,000 Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format ddmmm de, January 15 would be 151 Jan). Please make sure your final are accurate to 2 decimal places a) Record the June 1, 2015 entry for Stiller Co. b) On December 31, 2015, Soller Co. tests its goodwill for impairment. It is determined that the fair value of goodwill is now $20,000. Record any necessary entries on that date Colleaal soumol PRI DOM b) On December 31, 2015, Seller Co. tests its goodwill for impairment. His determined that the lor value of goodwill a row $20.000. Record any necessay ertoes on at den c) Assume that instead of paying a total of $530,000 for the acquisition, the only payment required by Sitter Co. was $310,000 cash Ahler a reassessment of all the varieties, and the procedures, how would stiller Co. classify the bargain purchase (or "negative goodwil)? Stiller Co would (efectone) Question 16 [14 points) hyn motivation to influence or bias reported financial results. Question 8 [15 points] Westo runs a landscaping company. On October 1, 2015, the company purchased three new skid steer loaders. Record the journal entries for each acquisition given the information below. Please make sure your final answer(s) are accurate to 2 decimal places. Enter an appropriate description when ervaring the transactions in the journal. Dates must be entered in the format ddimenfio. January 15 would be 15/Jan) a) The list price of Skidsteer loader #7 was 510.000. It was purchased with a $15.000, five year non-Interest bearing noo. Westco would normally say 6% interest on similar loans, while the dealership's incremental borrowing rate is 3% WestCo will pay the note off in five, $3,000 instalments made at the end of each year (b) Skid-steer loader 2 was purchased as part of a group of assets from a smaller company Westco received all the assets for a cash payment of $100,000 Details are as follows (Record the purchase of all three assets) . Seller's Book Value Asset Fair Value Skid-weer loader $33.000 $35,000 Machinery 43.000 48.000 Equipment 32.000 36,000 $100,000 $120,000 ta The list price of Skid-steer loader #3 was $15.000. It was purchased with a 13% down payment and a four year non-interest bearing note for the difference. WestCo would normally pay 9% interest on similar loans, while the dealership's incremental borrowing rate is 7% Ost Credit olcs scared CamScanner Question 8 [15 points] Westo runs a landscaping company. On October 1, 2015, the company purchased twee new skid steer loaders. Record the journal entries for each union given the information below. Please make sure your finalanowers) are accurate to 2 decimal places. Enter an appropriate description when entering the transactions in the journal Dates must be entered in the format din le January 15 would be 15/Janj () The list price of Skio-steer loader #1 was $10,000. It was purchased with a $15.000. five year non-Interest bearing role, Westco would normally pay interest on similar loans, while the dealership incremental borrowing rate is 3% WestCo will pay the note of in five $3,000 instalments made at the end of each year D) Skidsteer onder 12 was purchased as part of a group of assets from a smaller company. WestCo received all the assets for a cash payment of $100,000. Details are as follows (Record the purchase of all three assets) Seller's Book Value Skierneder $33,000 Machinery 43.000 Equipment 22.000 $100,000 Anel Fair Value $35,000 48,000 36,000 $120,000 c) The list price of Skidsteer loader #3 was $15,000. It was purchased with a 13% down payment and a four year non-interest bearing note for the difference, WestCo would normally pay interest on similar loans, while the dealership's incremental borrowing rate is 7% Dota Cord ICS Scanner CamScanner

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