ve until you gan Term Project 2 ebook 1. Comp Pro 03-01 Comprehensive Problem 3 Instruction Chart of Accounts Labels and Amount Descriptions Journal Bank Reconciliation Instructions Selected transactions completed by Kome Company during its first fiscal year ended December 31, 2045, were as follows: 14 17 3 Issued a check to establish a polycash fund of 4.500 20 Replenished the petty cash fund, based on the flowing summary of putty cash receipt office supplies 51.600 miscellaneousseling expense 3570, miscellaneous administrative expense, 5000 Purchased $31.300 of merchandise on account, arma 1/10, 1930. The perpetual invertory system is used to account for inventory 13 Paid the invoice of April 14ther the discount period had passed Received cash from daily cash sales for $21.200. The amount indicated by the cash register was $21,240. Received a 60-day, noe for $180,000 on the Ryanair account 1 Received amount owed on June 2 note, plus interest at the mounty dute. Assume a 360-day year 24 Received $7.000 on the Finley account and wrote of the remainder owed on a 50,000 counts receivable balance (The allowance method is used in accounting for uncollectible receivables) 15 Reinstated their account written off on August 24 and received $1,400 cash in a payment. (Record as two entries) Jun Aug Sep Record the following on jouw page 22 Sep 15 Purchased and by issuing a 1670.000, 90-day note to Zahorik Co which discounted it. Asume a 360-day year Progress: 1/1 items Check My Work Assignment Score: 0.0% All work saved Email Instructor Save and Exit Submit MacBook Pro DOO Comprehensive Problem 3 Instruction Chart of Accounts Labels and Amount Descriptione Journal Bank Reconciliation Instructions Record the blowing on journal page 22 Sep Oct 15 Purchased and by sung M70.000,00 day not to Zahork Co. Which discounted Aume a 360-day year 17 Sold office equipment in exchange for $135.000 cash plus receipt of a $100.000,00 day, sole. The equipment had a cost of $320,000 and would depreciation of $64.000 of October 17 30 Joumaised the monthly payroll for November, based on the following dala Now Salaries Deductions: Sales salaries $135.000 income tax wereld 530266 Office salaris 77.250 Social security tax withheld 12,735 $212,250 Medicare tax will held 3.184 Unemployment Tax rates: State remployment Federal unemployment 0.8% Amount subject to unemploymentes: Check My Work Progress: 1/1 items Save and E Email instructor Submit Assignment for All work saved Assignment Score: 0.0% MacBook Pro 1. Compro 03-01 Comprehensive Problem 3 Instruction Chart of Account Labels and Amount Descriptions Journal Bank Reconciliation Instructions Sute unemployment 35.000 Federal unemployment 30 Dee Journaled the employer's payrolles on the payroll 14 Joumated the payment of the September 15 note at maturity 31 The pension cost for the year was $190,400, of which $130,700 was paid to the person plan trust Required: 1. Jumate the selected ansactions, starting on page 21 of the jumat 2. Based on the following data, prepare a bank reconciliation for December of the current year. Peter to the Label and Amount Descriptions list for exact wording of tries Enteral amounts as posible numbers Balance according to the bus statement of December 31, 8283.000 Balance according to the edgar af December 31. SMS,410 . Check outstanding af December 31.8.540 Dost in tant, no recorded by bank, $29.500 - Bank debat memo for service charges $750 Acheck for $12.700 in payment of an invoice was incorrectly recorded in the accounts as $12.000 3. Based on the bank reconciliation prepared in mare the entry or entries to be made by Komet Company on page 13 of the journal Use the Miscellaneous Administrative Expense account to record bank service charges Pound your answers to the nearest dolar Check My Work Progress: 1/1 items Save and it Email Instructor All work saved Sum Assignment for Grading Assignment Score: 0.0% MacBook Pro so 32 $ % & 7 6 5 9 8 Instruction Chart of Accounts Labels and Amount Journal Instructions 4. Based on the following selected data. joumalize the acting entries of December 31 of the current year on page 23 of the journal Estimated collectible counts at December 31, 3.000, based on an aping of accounts receivable. The balance of Allowance for Doubtl Accounts at December 31 was $2,000 (debit) The physical investory on December 31 indicated an inventory stinkage of 1.300 Prepaid insurance expired during the year 22.000 . O supplies used during the year. $3.920. Depreciation is computed as follows: Asset Buildings Ofice Equip Store Equip Residual Acquisition Value Date $0 January 2 28.000 January 12.000 July 1 Depreciation Method Used Double-declining balance Cost $900.000 246.000 112.000 Uslu in Years 50 5 10 Strine - Aptecosting $48.000 when acquired on January 2 has a remaining ingelie of 10 years and is expected to have value for years. The cost of mineral was $40.000 Or mestimated deposit of 910,000 for 50.000 tons were med and sold during the your Vacation pay expers for December $10.500 A product warranty was granted beginning December and covering a one year period. The estimated cost is sales which totale $1,000,000 in December Interest was accrued on the not receivabe received on October 17. Assume a day you *Refer to the Chart of Accounts for exact wording of courtes Round your answers to the nearest do Check My Work Progress: 1/1 items Save and Emal instructor Submit Assigment All work saved Assignment Score: 0.0% MacBook Pro 838 - % & 7 $ 4 9 0 8 6 5 3 2 Pro.03-01 Comprehensive Problem 3 Instruction Chart of Accounts Labels and Amount Descriptions Journal Bank Reconciliation Instructions 5. Based on the following information and the post-closing balance that follows, prepare a balance sheet in report form at December 31 of the current year. Be sure to complete the heading of the balance sheet Enters in the order in which they appear in the post-closing trial balance. Refer to information given in the problem and the Labels and Amour Description is for exact wording of entries. There is no need to include urrent portion or a due date with any accounties. For those boxes in which you must enter subtracted or negative numbers use a minussi Round your answers to the nearest dollar . The marchandise inventory is stated at cost by the LIFO method . The product warranty payable is a current ability Vacation paypayable: Current ability: $7,140 Long-term by: 3.360 The unfunded pension Kably is a long-term lability Notes payable Current Habilly: $70,000 Long term Hability, 630.000 Komett Company POST-CLOSING TRIAL BALANCE December 31, 2015 CREDIT DOBIT ACCOUNT TITLE Check My Work 1/1 items Save and Exit Email Instructor Submit Assignment for All work saved ore: 0.0% MacBook Pro DU 80 CHU ACCOUNTS LANGUN UCILOR Journal Bank Heconciation Instructions Kernel Company POST-CLOSING TRIAL BALANCE December 31, 2015 ACCOUNT TITLE CREDIT 1 Petty Cash DETE 4500.00 Cash 245,960.00 100.000.00 5 Notes Receivable + Accounts Receivable 470,000.00 16,000.00 320.000.00 1875.00 45,640.00 13,400.00 Allowance for Doubtful Accounts Inventory Interest Receivable # Prepaid Insurance Office Supplies * Land 11 Buildings Accumulated Depreciation Buildings Office Equipment 14 Acumulated Depreciation Office Equipment 654,9250 900,000.00 56 000.00 246,000.00 44,000.00 15 Store Equipment 112.000.00 rogress: 1/1 items Check My Work All work saved. Save and Exe Emal instructor Ignment Score: 0.0% Submit Ass MacBook Pro BO 888 ES 3 $ % ^ 1. CompPro.03-01 Instructions 5.000.00 56 Accumulated Depreciation Store Equipment 1 Mineral Rights 546000.00 1. Accumulated Depletion 30,000.00 42.000.00 25,470.00 4,710 00 40.000.00 270.00 4000 15 Patents 2 Social Security Tax Payable Medicare Tax Payable 12 Employees Income Tax Payable 15 State Unemployment Tax Payable 14 Federal Unemployment Tax Payable 1 Starles Payable 15 Accounts Payable 22 Interest Payable 2 Product Warranty Puyable Vacation PayPayable Unfunded Pension Liability 157,000.00 131,600.00 28.000.00 76.000.00 10,500.00 50,700.00 13 Notes Payable 700,000.00 Common Stock 500.000,00 13 Retained Earrings 1.845.010.00 3,700,300.00 56 Totals 3.700 300.00 Check My Work Progress: 1/1 items Assignment Score: 0.0% All work saved. Email Instructor Save and Ex MacBook Pro 1. CompPro 03-01 Instructions Chart of Accounts CHART OF ACCOUNTS Kornel Company General Ledger ASSETS 110 Potty Cash 111 Cash 112 Notes Receivable 113 Accounts Receivable 114 Allowance for Doubtful Accounts REVENUE 410 Sales 610 Interest Revenue 611 Gain on Sale of Office Equipment EXPENSES 510 Cost of Goods Sold 115 Inventory 121 Interest Receivable 122 Prepaid insurance 123 Office Supplies 130 Land 131 Buildings 132 Accumulated Depreciation-Buildings 133 Office Equipment 134 Accumulated Depreciation Office Equipment 16 Eat 521 Repairs Expense 522 Rent Expense 523 Insurance Expense 524 Bad Debt Expense 525 Office Supplies Expense 529 Cash Short and Over 551 Sales salaries Expanse 552 Ofice Salaries Expense 553 Pavol TR FARA Check My Work ress: 1/1 items Email Instructor All work saved. Save and Exit Submit Assig! ment Score: 0.0% MacBook Pro 999 ca DI valable until you sign in again. Term Project 2 ebook Calculator 1. Comp Pro 03-01 Instructions Chart of Accounts 541 Paters LIABILITIES 211 Social Security Tax Payable 212 Medicare Tax Payable 213 Employees Income Tax Payable 214 State Unemployment Tax Payable 215 Federal Unemployment Tax Payable 216 Salaries Payable 221 Accounts Payable 222 Interest Payable 223 Product Warranty Payable 231 Vacation Pay Payable 232 Unfunded Pension Liability 241 Notes Payable 572 Depreciation Expense-Oto Louiment 573 Depreciation Experie-Store Equipment 574 Depletion Experte 575 Amortion Expense Patent 581 Miscellaneous Bling Experte 582 Miscellaneous Administrive Expense 710 Interest Expense 711 Loss on Sale of Office Equipment EQUITY 310 Common Stock 311 Retained Earings 312 Dividends 313 Income Summary Check My Work Progress: 1/1 items Email Instructor All work surved. Submit Assignment Save and Exit Assignment Score: 0.0% MacBook Pro 80 Journal 1. Journalire the selected transactions, starting on page 21 of the journal Scroll down for pages 22 and 28 of the journal 3. Based on the bank reconciliation prepared in (21. jumate the entry or entries to be made by Komett Company on page 23 of the jouma." Kornel Company uses the Miscellaneous Administrative Experise account for bank service charges. 4. Based on the selected data jumalize the adjusting entries as of December 31, 2015 on 23 of the joumal . Refer to the Chart of Accounts for exact wording of accountries. Round your answers to the nearest dollar 2 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. BET DENT CREDIT LIABILITIES EQUITY 2 I 4. 5 6 7 Check My Work items Al work saved. Emal Instructor Save and Exit Submit Assignment for Grad : 0.0% MacBook Pro 30 FS & 1. Compro.03-01 x Journal Bank Reconciliation 2. Prepare a bank reconciliation for December 2015 Refer to the list of Labels and Amount Descriptions for the wording of the answer choices for healthies Enteral amounts Home Company Bark Reconciliation December 31, 2015 Balance according to bank statement Adjustments + 1 Balance according to company's records 1 Adjustments 1 . 10 Check My Work Progress: 1/1 items signment Score: 0.0% All work saved Email Instructor Save and Exit Submit Assignment for Grading MacBoPro 20 OM Fa 1. Compro 03-01 Journal Bank Reconciliation Balance Sheet 5. Based on the following information and the post-closing the balance on the instruction papewe balance sheet in port for at December 31, 2015. Be sure to complete the heading of the balance sheet Eter assets in the order in which they win the police Refer to tomaron given in the problem and the Labels and Amoure Description for exact wording of outeries. There is no need to bude your poner a due date with any accountries. For those boxes in which you must en subtracted or negative numbers use a minus sign. Round your answers to the nearest dollar Home Company Balance Show be Assets Label 3 1 4 7 1 Check My Work Progress: 1/1 items All work saved Emal instructor Save and Ex Submit Assignment for Grading Assignment Score: 0.0% MacBook Pro SO $ % 6 7 ve until you gan Term Project 2 ebook 1. Comp Pro 03-01 Comprehensive Problem 3 Instruction Chart of Accounts Labels and Amount Descriptions Journal Bank Reconciliation Instructions Selected transactions completed by Kome Company during its first fiscal year ended December 31, 2045, were as follows: 14 17 3 Issued a check to establish a polycash fund of 4.500 20 Replenished the petty cash fund, based on the flowing summary of putty cash receipt office supplies 51.600 miscellaneousseling expense 3570, miscellaneous administrative expense, 5000 Purchased $31.300 of merchandise on account, arma 1/10, 1930. The perpetual invertory system is used to account for inventory 13 Paid the invoice of April 14ther the discount period had passed Received cash from daily cash sales for $21.200. The amount indicated by the cash register was $21,240. Received a 60-day, noe for $180,000 on the Ryanair account 1 Received amount owed on June 2 note, plus interest at the mounty dute. Assume a 360-day year 24 Received $7.000 on the Finley account and wrote of the remainder owed on a 50,000 counts receivable balance (The allowance method is used in accounting for uncollectible receivables) 15 Reinstated their account written off on August 24 and received $1,400 cash in a payment. (Record as two entries) Jun Aug Sep Record the following on jouw page 22 Sep 15 Purchased and by issuing a 1670.000, 90-day note to Zahorik Co which discounted it. Asume a 360-day year Progress: 1/1 items Check My Work Assignment Score: 0.0% All work saved Email Instructor Save and Exit Submit MacBook Pro DOO Comprehensive Problem 3 Instruction Chart of Accounts Labels and Amount Descriptione Journal Bank Reconciliation Instructions Record the blowing on journal page 22 Sep Oct 15 Purchased and by sung M70.000,00 day not to Zahork Co. Which discounted Aume a 360-day year 17 Sold office equipment in exchange for $135.000 cash plus receipt of a $100.000,00 day, sole. The equipment had a cost of $320,000 and would depreciation of $64.000 of October 17 30 Joumaised the monthly payroll for November, based on the following dala Now Salaries Deductions: Sales salaries $135.000 income tax wereld 530266 Office salaris 77.250 Social security tax withheld 12,735 $212,250 Medicare tax will held 3.184 Unemployment Tax rates: State remployment Federal unemployment 0.8% Amount subject to unemploymentes: Check My Work Progress: 1/1 items Save and E Email instructor Submit Assignment for All work saved Assignment Score: 0.0% MacBook Pro 1. Compro 03-01 Comprehensive Problem 3 Instruction Chart of Account Labels and Amount Descriptions Journal Bank Reconciliation Instructions Sute unemployment 35.000 Federal unemployment 30 Dee Journaled the employer's payrolles on the payroll 14 Joumated the payment of the September 15 note at maturity 31 The pension cost for the year was $190,400, of which $130,700 was paid to the person plan trust Required: 1. Jumate the selected ansactions, starting on page 21 of the jumat 2. Based on the following data, prepare a bank reconciliation for December of the current year. Peter to the Label and Amount Descriptions list for exact wording of tries Enteral amounts as posible numbers Balance according to the bus statement of December 31, 8283.000 Balance according to the edgar af December 31. SMS,410 . Check outstanding af December 31.8.540 Dost in tant, no recorded by bank, $29.500 - Bank debat memo for service charges $750 Acheck for $12.700 in payment of an invoice was incorrectly recorded in the accounts as $12.000 3. Based on the bank reconciliation prepared in mare the entry or entries to be made by Komet Company on page 13 of the journal Use the Miscellaneous Administrative Expense account to record bank service charges Pound your answers to the nearest dolar Check My Work Progress: 1/1 items Save and it Email Instructor All work saved Sum Assignment for Grading Assignment Score: 0.0% MacBook Pro so 32 $ % & 7 6 5 9 8 Instruction Chart of Accounts Labels and Amount Journal Instructions 4. Based on the following selected data. joumalize the acting entries of December 31 of the current year on page 23 of the journal Estimated collectible counts at December 31, 3.000, based on an aping of accounts receivable. The balance of Allowance for Doubtl Accounts at December 31 was $2,000 (debit) The physical investory on December 31 indicated an inventory stinkage of 1.300 Prepaid insurance expired during the year 22.000 . O supplies used during the year. $3.920. Depreciation is computed as follows: Asset Buildings Ofice Equip Store Equip Residual Acquisition Value Date $0 January 2 28.000 January 12.000 July 1 Depreciation Method Used Double-declining balance Cost $900.000 246.000 112.000 Uslu in Years 50 5 10 Strine - Aptecosting $48.000 when acquired on January 2 has a remaining ingelie of 10 years and is expected to have value for years. The cost of mineral was $40.000 Or mestimated deposit of 910,000 for 50.000 tons were med and sold during the your Vacation pay expers for December $10.500 A product warranty was granted beginning December and covering a one year period. The estimated cost is sales which totale $1,000,000 in December Interest was accrued on the not receivabe received on October 17. Assume a day you *Refer to the Chart of Accounts for exact wording of courtes Round your answers to the nearest do Check My Work Progress: 1/1 items Save and Emal instructor Submit Assigment All work saved Assignment Score: 0.0% MacBook Pro 838 - % & 7 $ 4 9 0 8 6 5 3 2 Pro.03-01 Comprehensive Problem 3 Instruction Chart of Accounts Labels and Amount Descriptions Journal Bank Reconciliation Instructions 5. Based on the following information and the post-closing balance that follows, prepare a balance sheet in report form at December 31 of the current year. Be sure to complete the heading of the balance sheet Enters in the order in which they appear in the post-closing trial balance. Refer to information given in the problem and the Labels and Amour Description is for exact wording of entries. There is no need to include urrent portion or a due date with any accounties. For those boxes in which you must enter subtracted or negative numbers use a minussi Round your answers to the nearest dollar . The marchandise inventory is stated at cost by the LIFO method . The product warranty payable is a current ability Vacation paypayable: Current ability: $7,140 Long-term by: 3.360 The unfunded pension Kably is a long-term lability Notes payable Current Habilly: $70,000 Long term Hability, 630.000 Komett Company POST-CLOSING TRIAL BALANCE December 31, 2015 CREDIT DOBIT ACCOUNT TITLE Check My Work 1/1 items Save and Exit Email Instructor Submit Assignment for All work saved ore: 0.0% MacBook Pro DU 80 CHU ACCOUNTS LANGUN UCILOR Journal Bank Heconciation Instructions Kernel Company POST-CLOSING TRIAL BALANCE December 31, 2015 ACCOUNT TITLE CREDIT 1 Petty Cash DETE 4500.00 Cash 245,960.00 100.000.00 5 Notes Receivable + Accounts Receivable 470,000.00 16,000.00 320.000.00 1875.00 45,640.00 13,400.00 Allowance for Doubtful Accounts Inventory Interest Receivable # Prepaid Insurance Office Supplies * Land 11 Buildings Accumulated Depreciation Buildings Office Equipment 14 Acumulated Depreciation Office Equipment 654,9250 900,000.00 56 000.00 246,000.00 44,000.00 15 Store Equipment 112.000.00 rogress: 1/1 items Check My Work All work saved. Save and Exe Emal instructor Ignment Score: 0.0% Submit Ass MacBook Pro BO 888 ES 3 $ % ^ 1. CompPro.03-01 Instructions 5.000.00 56 Accumulated Depreciation Store Equipment 1 Mineral Rights 546000.00 1. Accumulated Depletion 30,000.00 42.000.00 25,470.00 4,710 00 40.000.00 270.00 4000 15 Patents 2 Social Security Tax Payable Medicare Tax Payable 12 Employees Income Tax Payable 15 State Unemployment Tax Payable 14 Federal Unemployment Tax Payable 1 Starles Payable 15 Accounts Payable 22 Interest Payable 2 Product Warranty Puyable Vacation PayPayable Unfunded Pension Liability 157,000.00 131,600.00 28.000.00 76.000.00 10,500.00 50,700.00 13 Notes Payable 700,000.00 Common Stock 500.000,00 13 Retained Earrings 1.845.010.00 3,700,300.00 56 Totals 3.700 300.00 Check My Work Progress: 1/1 items Assignment Score: 0.0% All work saved. Email Instructor Save and Ex MacBook Pro 1. CompPro 03-01 Instructions Chart of Accounts CHART OF ACCOUNTS Kornel Company General Ledger ASSETS 110 Potty Cash 111 Cash 112 Notes Receivable 113 Accounts Receivable 114 Allowance for Doubtful Accounts REVENUE 410 Sales 610 Interest Revenue 611 Gain on Sale of Office Equipment EXPENSES 510 Cost of Goods Sold 115 Inventory 121 Interest Receivable 122 Prepaid insurance 123 Office Supplies 130 Land 131 Buildings 132 Accumulated Depreciation-Buildings 133 Office Equipment 134 Accumulated Depreciation Office Equipment 16 Eat 521 Repairs Expense 522 Rent Expense 523 Insurance Expense 524 Bad Debt Expense 525 Office Supplies Expense 529 Cash Short and Over 551 Sales salaries Expanse 552 Ofice Salaries Expense 553 Pavol TR FARA Check My Work ress: 1/1 items Email Instructor All work saved. Save and Exit Submit Assig! ment Score: 0.0% MacBook Pro 999 ca DI valable until you sign in again. Term Project 2 ebook Calculator 1. Comp Pro 03-01 Instructions Chart of Accounts 541 Paters LIABILITIES 211 Social Security Tax Payable 212 Medicare Tax Payable 213 Employees Income Tax Payable 214 State Unemployment Tax Payable 215 Federal Unemployment Tax Payable 216 Salaries Payable 221 Accounts Payable 222 Interest Payable 223 Product Warranty Payable 231 Vacation Pay Payable 232 Unfunded Pension Liability 241 Notes Payable 572 Depreciation Expense-Oto Louiment 573 Depreciation Experie-Store Equipment 574 Depletion Experte 575 Amortion Expense Patent 581 Miscellaneous Bling Experte 582 Miscellaneous Administrive Expense 710 Interest Expense 711 Loss on Sale of Office Equipment EQUITY 310 Common Stock 311 Retained Earings 312 Dividends 313 Income Summary Check My Work Progress: 1/1 items Email Instructor All work surved. Submit Assignment Save and Exit Assignment Score: 0.0% MacBook Pro 80 Journal 1. Journalire the selected transactions, starting on page 21 of the journal Scroll down for pages 22 and 28 of the journal 3. Based on the bank reconciliation prepared in (21. jumate the entry or entries to be made by Komett Company on page 23 of the jouma." Kornel Company uses the Miscellaneous Administrative Experise account for bank service charges. 4. Based on the selected data jumalize the adjusting entries as of December 31, 2015 on 23 of the joumal . Refer to the Chart of Accounts for exact wording of accountries. Round your answers to the nearest dollar 2 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. BET DENT CREDIT LIABILITIES EQUITY 2 I 4. 5 6 7 Check My Work items Al work saved. Emal Instructor Save and Exit Submit Assignment for Grad : 0.0% MacBook Pro 30 FS & 1. Compro.03-01 x Journal Bank Reconciliation 2. Prepare a bank reconciliation for December 2015 Refer to the list of Labels and Amount Descriptions for the wording of the answer choices for healthies Enteral amounts Home Company Bark Reconciliation December 31, 2015 Balance according to bank statement Adjustments + 1 Balance according to company's records 1 Adjustments 1 . 10 Check My Work Progress: 1/1 items signment Score: 0.0% All work saved Email Instructor Save and Exit Submit Assignment for Grading MacBoPro 20 OM Fa 1. Compro 03-01 Journal Bank Reconciliation Balance Sheet 5. Based on the following information and the post-closing the balance on the instruction papewe balance sheet in port for at December 31, 2015. Be sure to complete the heading of the balance sheet Eter assets in the order in which they win the police Refer to tomaron given in the problem and the Labels and Amoure Description for exact wording of outeries. There is no need to bude your poner a due date with any accountries. For those boxes in which you must en subtracted or negative numbers use a minus sign. Round your answers to the nearest dollar Home Company Balance Show be Assets Label 3 1 4 7 1 Check My Work Progress: 1/1 items All work saved Emal instructor Save and Ex Submit Assignment for Grading Assignment Score: 0.0% MacBook Pro SO $ % 6 7