Q.10

Translation Worksheet Consolidation Worksheet Prepare a Translation worksheet. (Round "Exchange Rate" answers to 3 decimal places. Round your "Dollars" answers to the nearest whole number. Input all amounts as positive values.) Exchange Rate U.S. Dollars CAYCE CORPORATION TRANSLATION WORKSHEET Account Egyptian Pounds Sales Cost of goods sold Salary expense Rent expense (adjusted) Other expenses Gain on sale of building, 10/1/20 Net income Retained earnings, 1/1/20 Net Income Dividends Retained earnings, 12/31/20 Cash and recolvables Inventory Prepaid expenses (adjusted) Property, plant, and equipment (not) Total assets Accounts payable Nate novo leto in 2002 Exchange Rate U.S. Dollars TRANSLATION WORKSHEET Account Egyptian Pounds Sales Cost of goods sold Salary expense Rent expense (adjusted) Other expenses Gain on sale of building. 10/1/20 Net income Retained earnings, 1/1/20 Net Income Dividends Retained earnings, 12/31/20 Cash and receivables Inventory Prepaid expenses (adjusted) Property, plant, and equipment (net) Total assets Accounts payable Notes payable due in 2023 Common stock Additional paid-in capital Retained earnings, 12/31/20 Subtotal Cumulative translation adjustment Total liabilities and equities Translation Worksheet Consolidation Worksheet Prepare a Consolidation worksheet. (Round "Exchange Rate" answers to 3 decimal places. Input all amounts as positive values.) CAYCE CORPORATION Consolidation Worksheet Consolidation Entries Account Cayce Dollars Simbel Dollars Consolidated Balances Dollars Debit Credit Sales Cost of goods sold Salary expense Rent expense Other expenses Dividend income from Simbel Gain on sale of building, 10/1/20 Net Income Retained earnings, 1/1/20 Net Income Dividends Retained earnings, 12/31/20 Cash and receivables Inventory Prepaid expenses Investment in Simbel (initial value) Property, plant, and equipment (net)