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Finn Corporation Finn Corporation produce inflatable rafts for recreational use. The company has heard about an acto, and is anxious to find out more about the system, to determine whether will help streamline her operations and outcom The company has hired you want to help them implement their lean Bocounting program, and to with recreating some det lost in a recent computer mishap Chart of Accounts CHART OF ACCOUNTS Finn Corporation General Ledger ASSETS REVENUE 110 Cash 410 Sales 112 Account Receivable 117 Office Supplies 118 Prepaid insurance 150 Raw and in Process inventory 151 Finished Goods Inventory 180 Land 190 Equipment 191 Accumulated Depreciation Equipment 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Office Equipment 195 Accumulated Depreciation Ofice Equipment EXPENSES 510 Cost of Goods Sold 511 Conversion Costs 521 Advertising Expense 522 Depreciation Expense-Store Equipment 530 Sans Expense 531 Rent Expense 532 Depreciation Expense-Office Equipment 533 Insurance Expense 534 Office Supplies Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 211 Sataries Payable 212 Uneamed Rent Deck My Work nment Score: 27.90% Sam All work saved Emaitructor LIABILITIES 210 Accounts Payable 211 Salaries Payable 212 Uneamed Rent 213 Customers Refunds Payable 215 Notes Payable 218 Sales Tax Payable EQUITY 310 Common Stock 311 Retained Eamings 312 Dividends 313 Income Summary Chart of Accounts li CHART OF ACCOUNTS Finn Corporation General Ledger ASSETS REVENUE 410 Sales EXPENSES 510 Cost of Goods Sold 511 Factory Overhead 110 Cash 112 Accounts Receivable 117 Omice Supplies 118 Prepaid Insurance 150 Materials Inventory 180 Work in Process inventory 170 Finished Goods Inventory 10 Land 190 Equipment 191 Accumulated Depreciation Equipment 521 Advertising Expense 522 Depreciation Expense-Store Equipment 530 Salaries Expense 531 Rent Expense 532 Depreciation Expense-Office Equipment ASSETS REVENUE 410 Sales 110 Cash 112 Accounts Receivable 117 Omice Supplies 118 Prepaid Insurance 150 Materials Inventory 160 Work in Process inventory 170 Finished Goods Inventory 180 Land 190 Equipment 191 Accumulated Depreciation Equipment 192 Store Equipment 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment EXPENSES 510 Cost of Goods Sold 511 Factory Overhead 521 Advertising Expense 522 Depreciation Expense-Store Equipment 530 Salaries Expense 531 Rent Expense 532 Depreciation Expense-Office Equipment 533 Insurance Expense 534 Office Supplies Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 211 Salaries Payable 212 Uneamed Rent 213 Customers Refunds Payable 215 Notes Payable 218 Sales Tax Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends 313 Income Summary Selecting Chart of Accounts The company's accounting Intern is new and has confused the Finn Corporation's regular chart of accounts with the proposed chart of accounts for the loan accounting system Review the charts of accounts on the Chart of Accounts i and Chart of Accounts li panels, and then answer the following question Which chart of accounts should Finn Corporation most likely implement if they want to use lean accounting principles? Chart of Account ! O Esther Chart of Accounts works equally well Chart of Accounts Cost of Quality Report This year, Finn Corporation implemented programs designed to assess the costs of quality for the company. However, the company recently suffered a data loss, and some of its record has located a copy of a recent cost of quality report, shown as follows, but the quality activity analysis used to create the report has been lost. Finn Corporation Cost of Quality Report 1 Quality Cost Classification Quality Cost Percent of Total Quality Cost 59.0% Percent of Total Sales Prevention $184,080.00 15.3% Appraisal 46,800.00 15.0 39 Internal failure 43,680.00 140 3.6 External failure 120 3.1 57.440.00 $312,000.00 Total 100.0% 25.9% This year, Finn Corporation Implemented programs designed to assess the costs of unity for the company. However, the company recently suffered a data too, and home of in records have been either part has located a copy of a recent post of oually get shown as follows, but the qually active analysis used to create the report has been test Finn Corporation Cost of Quality Report 1 Quality Cost Classification Quality Cost Percent of Total Sales Percent of Total Quality Cost 59.0% 15.0 Prevention 15.3 $184,080.00 46,800.00 Appraisal 39 Intemal tailure 45,680,00 149 3.6 External failure 37,440.00 120 3.1 Total $312.000.00 100.0% 25.9% Quality Activity Analysis As mentioned on the cost of Qualty Report panel, Finn Corporation recently suffered a data loss, and some of its records have been lost. After reviewing the cost of Quality Report panel, recreate the quat report was created Finn Corporation Quality Activity Analysis 1 Rework 2 Inspecting Incoming raw materials 1 Warranty work Process improvement effort Total activity $312,000.00 Door This year, Corporation implemented presente e color the company. However, the company recently reda ut some of moderne tally or contre. The internet ay how follow. but the wed to create the report has been Corporation Coutually aport YOL tma 5114000 TS WWS 1511 MW 140 91 1000 40 52,44000 531700000 Det ON IS 1000 25.9 Activity Cowary port Corporation de Angheluline on reports Fon Corpo IND Prev