Question
The following financial information will be compiled for the month of September 2,010 for MCM company. Account Balance $ Debts to pay 35,000 Receivables 29,000
The following financial information will be compiled for the month of September 2,010 for MCM company.
| Account | Balance $ |
| Debts to pay | 35,000 |
| Receivables | 29,000 |
| Bonus to pay | 110,000 |
| Buildings (net worth) | 605,000 |
| Cash in Box | 17,000 |
| Dividends to pay | 8,000 |
| Inventories (all) | 31,000 |
| Land | 450,000 |
| Long-term mortgage payable | 450,000 |
| Retained earnings | 154,000 |
| Share value | 375,000 |
Transactions for september 2,010
| Category | Mount | ||||||||||||
| Direct workforce | 50,000 | ||||||||||||
Expenses
|
294,000 | ||||||||||||
| Income tax | 20,000 | ||||||||||||
| Finished product inventory as of September 1, 2010 | 25,000 | ||||||||||||
| Finished Product Inventory 30 Set | 50,000 | ||||||||||||
| Inventory of materials as of September 1, 2010 | 46,000 | ||||||||||||
| Material inventory as of September 30, 2010 | 25,000 | ||||||||||||
| Purchasing of materials | 20,000 | ||||||||||||
| Indirect manufacturing costs | 75,000 | ||||||||||||
| Income from sales | 500,000 |
a-Prepare a balance sheet for the company as of September 30, 2010 b-Prepare the cost statement of merchandise sold for the month of September 2010 c-Prepare the income statement for the month of September 2010.
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Handbook Of Short Selling
Authors: Greg N. Gregoriou
1st Edition
0123877245, 978-0123877246
