{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T01:09:37-04:00", "answer_date": "2024-05-27 01:09:37", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1769815", "url": "\/study-help\/questions\/the-following-financial-statements-are-the-solution-to-computer-assignment-1769815", "question_creation_date_js": "2024-05-27T01:09:37-04:00", "question_creation_date": "May 27, 2024 01:09 AM", "meta_title": "[Solved] The following financial statements are th | SolutionInn", "meta_description": "Answer of - The following financial statements are the solution to computer assignment #2 from the 2021 fall semester. Although yo | SolutionInn", "meta_keywords": "financial,statements,solution,computer,assignment,2,2021,fall,semester,company,wish,account", "question_title_h1": " The following financial statements are the solution to computer assignment #2 from the 2021 fall semester. Although your financial statements do NOT need to", "question_title": " The following financial statements are the solution to computer assignment #2", "question_title_for_js_snippet": "The following financial statements are the solution to computer assignment 2 from the 2021 fall semester Although your financial statements do NOT need to LOOK exactly like mine (you may still use whatever company name you wish, your account titles do not have to be exactly the same as mine, etc ), please do the following to your financial statements for 2021 from Intermediate Accounting I (computer problem 2) A B C Round ALL amounts to the nearest DOLLAR (so no decimals appear) on all financial statements, except for earnings per share In assignments this semester, you will be asked to do journal entries (internal reports) to the nearest penny but financial statements (external reports) to the nearest dollar Compare all of your dollar amounts to those on my financial statements and make any corrections necessary to your files from the fall Make sure all of your accounts and items appear in the SAME ORDER that I have used on my financial statements (This will save me hours of time in grading throughout the semester ) NEW INFORMATION 1 Prepare journal entries (including any necessary adjusting entries on December 31) for each of the following transactions because your company forgot to record any of them Indicate the appropriate dates for each of your journal entries Remember that your company was in a 25 tax bracket for 2020 and a 28 tax rate in 2021 You do not need to make an entry to record income taxes, but you must remember to change the amounts of income taxes on your financial statements Show all journal entries to the nearest PENNY (which means EVERY journal entry should have 2 decimals whether the correct amount is $100 0000 or $305 6287498) ", "question_description": "\"image\"image\"image\"image", "transcribed_text": "The following financial statements are the solution to computer assignment #2 from the 2021 fall semester. Although your financial statements do NOT need to LOOK exactly like mine (you may still use whatever company name you wish, your account titles do not have to be exactly the same as mine, etc.), please do the following to your financial statements for 2021 from Intermediate Accounting I (computer problem #2): A. B. C. Round ALL amounts to the nearest DOLLAR (so no decimals appear) on all financial statements, except for earnings per share. In assignments this semester, you will be asked to do journal entries (internal reports) to the nearest penny but financial statements (external reports) to the nearest dollar. Compare all of your dollar amounts to those on my financial statements and make any corrections necessary to your files from the fall. Make sure all of your accounts and items appear in the SAME ORDER that I have used on my financial statements. (This will save me hours of time in grading throughout the semester.) NEW INFORMATION 1. Prepare journal entries (including any necessary adjusting entries on December 31) for each of the following transactions because your company forgot to record any of them. Indicate the appropriate dates for each of your journal entries. Remember that your company was in a 25% tax bracket for 2020 and a 28% tax rate in 2021. You do not need to make an entry to record income taxes, but you must remember to change the amounts of income taxes on your financial statements. Show all journal entries to the nearest PENNY (which means EVERY journal entry should have 2 decimals whether the correct amount is $100.0000 or $305.6287498).", "related_book": { "title": "Cost Accounting A Managerial Emphasis", "isbn": "978-0132960649, 132960648, 132109174, 978-0132109178", "edition": "14th Edition", "authors": "Charles T. Horngren, Srikant M.Dater, George Foster, Madhav", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/58.jpg", "uri": "\/textbooks\/cost-accounting-a-managerial-emphasis-14th-edition-58", "see_more_uri": "" }, "free_related_book": { "isbn": "0471448737", "uri": "\/textbooks\/calculus-conceptests-3rd-edition-978-0471448730-141835", "name": "Calculus Conceptests", "edition": "3rd Edition" }, "question_posted": "2024-05-27 01:09:37", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/calculus-4th\/consider-the-problem-of-minimizing-x-y-x-subject-1237841", "description": "Consider the problem of minimizing (x, y) = x subject to g(x, y) = (x 1) 3 y 2 = 0. (a) Show, without using calculus, that the minimum occurs at P = (1, 0). (b) Show that the Lagrange condition P =...", "stars": 3 }, { "url": "\/at-the-end-of-2012-majors-furniture-company-failed-to", "description": "At the end of 2012, Majors Furniture Company failed to accrue $61,000 of interest expense that accrued during the last five months of 2012 on bonds payable. The bonds mature in 2024. The discount on...", "stars": 3 }, { "url": "\/study-help\/operations-research-an-introduction\/4-suppose-the-post-office-had-25-fulltime-employees-and-1847929", "description": "4 Suppose the post office had 25 full-time employees and was not allowed to hire or fire any employees. Formulate an LP that could be used to schedule the employees in order to maximize the number of...", "stars": 3 }, { "url": "\/study-help\/psychology\/how-does-an-applicant-apply-1980683", "description": "How does an applicant apply?", "stars": 3 }, { "url": "\/multiple-choice-questions-select-the-best-answer-choice-for-each", "description": "Multiple Choice Questions Select the best answer choice for each of the following, and justify your selection in a brief statement. a. Which of the following is least likely to be an audit objective...", "stars": 3 }, { "url": "\/study-help\/questions\/the-treasurer-preparing-the-october-bank-reconciliation-identified-the-following-9895788", "description": "The treasurer preparing the October bank reconciliation identified the following items: Cash balance per the company's records $32,700, Deposits in Transit $4,300, Outstanding Checks $2,200, Interest...", "stars": 3 }, { "url": "\/study-help\/questions\/1what-do-you-think-are-the-key-dimensions-of-culture-49930", "description": "1.What do you think are the key dimensions of culture that make Patagonia successful? How does the organization help to foster this culture? 2.Does Patagonia use strategies to build its culture that...", "stars": 3 }, { "url": "\/study-help\/questions\/presented-below-are-condensed-financial-statements-adapted-from-those-of-8206419", "description": "Presented below are condensed financial statements adapted from those of two actual companies competing in the pharmaceutical industryJohnson and Johnson (J&J) and Pfizer, Inc. ($ in millions, except...", "stars": 3 }, { "url": "\/study-help\/questions\/create-a-function-could-be-piecewise-that-demonstrates-the-following-720600", "description": "Create a function (could be piecewise) that demonstrates the following discontinuities. (a) jump discontinuity (b) point discontinuity (c) infinite discontinuity Prove that f(x) is continuous at x =...", "stars": 3 }, { "url": "\/study-help\/questions\/e-alice-wishes-to-sign-a-document-and-send-it-721602", "description": "e) Alice wishes to sign a document and send it to Bob using RSA signatures. Suppose she generates two primes p = 7, q = 11, and a public exponent e =43, and publishes (n. e) as her public key (6...", "stars": 3 }, { "url": "\/study-help\/questions\/yellow-boxes-please-name-suppose-you-administer-a-certain-aptitude-3642098", "description": "yellow boxes NAME Suppose you administer a certain aptitude test to a random sample of 9 students in your school, and that the average A new sneaker claims that it can make male athletes jump higher....", "stars": 3 }, { "url": "\/study-help\/questions\/you-have-a-firm-that-starts-out-with-70000-in-5325318", "description": "You have a firm that starts out with $70,000 in cash in the bank. You have three investment opportunities. You can undertake any or all of these investment opportunities, but you may only invest in...", "stars": 3 }, { "url": "\/study-help\/questions\/base-on-the-diagram-2a-what-is-the-mysql-version-722415", "description": "Base on the diagram 2a, what is the MySQL version? Wireshark - Follow HTTP Stream (tcp.stream eq 4).SQL_Lab.pcap ID: 1 or 1-1 union select null, version ()# First name: admin Surname: admin ID: 1' or...", "stars": 3 }, { "url": "\/study-help\/questions\/2-a-red-rose-company-moh-budget-for-january-2022-8382928", "description": "2 A. Red Rose Company MOH Budget for January, 2022 Variable costs: Indirect Material (5 TL per DL houn 5.000 Indirect Labor (4 TL per DL houn 4,000 Maintenance (1 TL per DL hour) 1.000 Utilities (0.5...", "stars": 3 }, { "url": "\/study-help\/applied-calculus\/differentiate-y-ln3x-1-ln5x-1", "description": "Differentiate. y = ln(3x + 1) ln(5x + 1)", "stars": 3 }, { "url": "\/study-help\/financial-management\/are-there-any-plans-in-respect-of-change-in-the-1677645", "description": "Are there any plans in respect of change in the situation in the near future?", "stars": 3 }, { "url": "\/study-help\/financial-management\/are-there-national-accounting-standards-making-reference-to-ipsas-1677644", "description": "Are there national accounting standards making reference to IPSAS?", "stars": 3.5 }, { "url": "\/study-help\/principles-of-marketing\/the-diffusion-of-innovation-stages-includes-all-of-the-following-1677635", "description": "The diffusion of innovation stages includes all of the following groups except a. Innovators. b. Laggards. c. Late adopters. d. Early majority. e. Early adopters.", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/exercise-77-algo-segmented-income-statement-lo74-shannon-company-segments-1769814", "next": "\/study-help\/questions\/van-rushing-hunting-goods-fiscal-year-ends-on-december-31-1769816" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": " The following financial statements are the solution to computer assignment #2", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/the-following-financial-statements-are-the-solution-to-computer-assignment-1769815" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } } }