Primare Corporation Schedule of Cost of Goods Manufactured Direct materials: $ Beginning raw materia

Primare Corporation Schedule of Cost of Goods Manufactured Direct materials: $ Beginning raw materials inventory Add: Purchases of raw materials Total raw materials available 10,200 26,800 X 28,700 X 18,500 20,400 X 4,930 Less: Ending raw materials inventory Raw materials used in production Less: Indirect materials included in manufacturing overhead $ Direct labor Manufacturing overhead applied to work in process Total manufacturing costs Add: Beginning work in process inventory 15,470 59,400 88,300 163,440 54,900 218,340 68,900 149,440 X Less: Ending work in process inventory Cost of goods manufactured $ Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $30,000 $ 4,930 $59,400 $88,300 $ 4,040 Inventories Raw materials Work in process Finished goods Beginning $ 10,200 $ 54,900 $ 34,900 Ending $ 18,500 $ 68,900 $ 42,700 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.

Problem 17-46 (LO. 3) In each of the following independent situations, determine the corporation’

Problem 17-46 (LO. 3) In each of the following independent situations, determine the corporation's income tax liability. Assume that all corporations use a calendar year for tax purposes and that the tax year involved is 2019. Purple Corporation Azul Corporation Pink Corporation Turquoise Corporation Teal Corporation (a personal service corporation) Taxable Income $65,000 290,000 12,350,000 19,000,000 130,000 2019 Income Tax Liability Purple Corporation $ 11,250 x Azul Corporation $ 96,350 x Pink Corporation 4,222,500 Turquoise Corporation $ 6,650,000 x Teal Corporation $ 45,500 x Feedback Check My Work The TCJA of 2017 reduced the corporate tax rate to a flat rate of 21 percent for tax years beginning after 2017.

place send answer in chart form for special id,weight average ,fifo,and lifo La Com p orted the foll

place send answer in chart form for special id,weight average ,fifo,and lifo La Com p orted the following any purchases and sales de portocally product Done U nredet Coat Turno – $1615 130 5 1850 518.50 20 $200 Suite 2080 $ 4715200 2. od 10.00 points Required: The companys periodi invertory system. For och identification ending i ntory consis of 290 unts, where 260 an from the way 30 purchas wre from the January 20 purchase and 25 are from beginning inventory Determne nel s ed loending m ory and cost of goods sound) specific identication wegd average to FFO and LIFO Complete this questions by entering your answers in the below tabs. Spected Weighted Average FIFO UFO

In a pre-2009 business combination, Acme Company acquired all of Brem Company’s assets and liabi

In a pre-2009 business combination, Acme Company acquired all of Brem Company's assets and liabilities for cash. After the combination Acme formally dissolved Brem. At the acquisition date, the following book and fair values were available for the Brem Company accounts: Current assets Equipment Trademark Liabilities Common stock Retained earnings Book Values Fair Values $ 52,600 $ 52,600 153,000 218,000 327,000 (60,600) (60,600) (100,000) (45,000) In addition, Acme paid an investment bank $32,400 cash for assistance in arranging the combination. a. Using the legacy purchase method for pre-2009 business combinations, prepare Acme's entry to record its acquisition of Brem in its accounting records assuming the following cash amounts of $660,400 and $417,400 were paid to the former owners of Brem. b. How would these journal entries change if the acquisition occurred post-2009 and therefore Acme applied the acquisition method? (If no entry is required for a transaction/event, select “No journal entry required” in the first account field. Do not round your intermediate calculations.) Record the acquisition of Brem using the purchase method assuming $660,400 was paid to the former owners of Brem Note: Enter debits before credits. Transaction General Journal Debit Credit Current Assets Equipment Trademark Cash Journal entry worksheet Record the acquisition of Brem using the purchase method assuming $417,400 was paid to the former owners of Brem Note: Enter debits before credits. Transaction General Journal Debit Credit ſ Current Assets Equipment Trademark Liabilities Cash Journal entry worksheet Record the acquisition of Brem using the acquisition method assuming $660,400 was paid to the former owners of Brem Note: Enter debits before credits. Transaction General Journal Debit Credit Current Assets Equipment Trademark Goodwill Liabilities Cash Journal entry worksheet Record the expenses related to the combination using the acquisition method assuming $660,400 was paid to the former owners of Brem Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Journal entry worksheet Record the expenses related to the combination using the acquisition method assuming $417,400 was paid to the former owners of Brem Note: Enter debits before credits. Transaction General Journal Debit Credit

Prepare a classified statement of financial position. Assume that $19,720 of the bank loan payable w

Prepare a classified statement of financial position. Assume that $19,720 of the bank loan payable will be paid in 2019. (List Property, plant and equipment in order of land, buildings and equipment. List Current Assets in order of liquidity.) 'PINA COLADA CORP. Statement of Financial Position Assets These items are taken from the financial statements of Pina Colada Corp. at December 31, 2018. Buildings $153,410 Accounts receivable 18,270 Prepaid insurance 6,786 Cash 17,168 Equipment 119,480 Land 88,740 Office expense 841 Income tax expense 290 Depreciation expense 7,685 Interest expense 3,770 Common shares 89,900 Retained earnings (January 1, 2018) 58,000 66,120 Accumulated depreciation-building Accounts payable 12,180 Income taxes payable 1,595 Bank loan payable (due July 1, 2020) 135,720 Accumulated depreciation-equipment 27,144 Interest payable 5,220 Sales 20,561 PINA COLADA CORP. Statement of Financial Position Assets $ Liabilities and Shareholders' Equity

please answer all parts there are 5 parts. read the requirement if you can’t answer it all leave

please answer all parts there are 5 parts. read the requirement if you can't answer it all leave it for someone who can Homework: Unit 5 Assignment 1 core: 0 of 5 pts 2 of 6 (1 complete) E8-13 (book/static) Consider each situation separately. Identify the missing internal control procedure from these characteristics: • Assignment of responsibilities •Separation of duties • Audits • Electronic devices • Other controls (specify) (Click the icon to view the situations.) (Leave the “Reason for 'Other control column blank if “Other controls” is not selected for the “Internal Control Procedure” column.) Internal Control Procedure Reason for other control a. Separation of duties 0 More Info Burglar alarms not working properly Documents and records – no receiving report Mandatory vacations not required No job rotation Not depositing cash soon enough for adequate security Not purchasing fidelity bonds a. While reviewing the records of Quality Pharmacy, you find that the same employee orders merchandise and approves invoices for payment b. Business is slow at Amazing Amusement Park on Tuesday, Wednesday, and Thursday nights. To reduce expenses, the business decides not to use a ticket taker on those nights. The ticket seller (cashier) is told to keep the tickets as a record of the number sold. c. The same trusted employee has served as cashier for 12 years. d. When business is brisk, Fast Mart deposits cash in the bank several times during the day. The manager at one store wants to reduce the time employees spend delivering cash to the bank, so he starts a new policy. Cash will build up over weekends, and the total will be deposited on Monday Grocery stores such as Convenience Market and Natural Foods purchase most merchandise from a few suppliers. At another grocery store, the manager decides to reduce paperwork. He eliminates the requirement that the receiving department prepare a receiving report listing the goods actually received from the supplier. Print Done Choose from any drop-down list and then click Check Answer. 1 parts + remaining Clear All

What happens when the partnership makes a disproportionate distribution to a partner? Is there a rem

What happens when the partnership makes a disproportionate distribution to a partner? Is there a remedy?

Lead time for one of your fastest-moving products is 20 days. Demand during this period averages 100

Lead time for one of your fastest-moving products is 20 days. Demand during this period averages 100 units per day. units (enter your response as a whole a) What would be an appropriate reorder point? number). b) How does your answer change if demand during lead time doubles? response as a whole number). – units (enter your c) How does your answer change if demand during lead time drops in half? your response as a whole number). in half? units (enter

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” src=”https://files.transtutors.com/cdn/qimg/631532a2832841af8e871ef8d2ca3c4c.jpg” aria-describedby=”ge3″> GLO302 – Based on Problem 3-3A LO P1, P2, P3, P4, P5, P6 Lee Technical Institute (LTI), a school owned by Edward Lee, provides training to individuals who pay tuition directly to the school. LTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2018, is found on the trial balance tab. LTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31 follow. a. An analysis of LTI&#39;s insurance policies shows that $2,500 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,880 are available at year-end. c. Annual depreciation on the equipment is $8,400. d. Annual depreciation on the professional library is $9,800. e. On November 1, LTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,800, and the client paid the first five months&#39; fees in advance. When the cash was received, the Unearned Training Fees account was credited. f. On October 15, LTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $3,400 of the tuition has been earned by LTI. g. LTI&#39;s two employees are paid weekly. As of the end of the year, two days&#39; salaries have accrued at the rate of $140 per day for each employee. h. The balance in the Prepaid Rent account represents rent for December. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on income General Journal tab – For transactions a-h, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. After adjusting the accounts, review the financial statements for accuracy. General Ledger tab – Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted or adjusted balances. Trial Balance tab – You may view either the unadjusted or adjusted trial balance by choosing from the dropdown box below. Your choice will determine the reported values on the financial statement tabs. Income Statement tab – Use the drop-downs to select the accounts properly included on the income statement. The unadjusted or adjusted balances will appear for each account, based on your selection. Statement of Retained earnings tab – The unadjusted or adjusted balances will appear for each account, based on your selection. Balance Sheet tab – Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted or adjusted balances will appear for each account, based on your selection. Impact on Income tab – For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the dropdown.) < Requirement General Journal > Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on income For transactions a-h, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you click “record entry”. View transaction list Journal entry worksheet 2 3 4 5 6 7 8 An analysis of LTI&#39;s insurance policies shows that $2,500 of coverage has expired. Note: Enter debits before credits. Account Title Debit Credit Date Dec 31 Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on income Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted or adjusted balances. Unadjusted General Ledger Account Cash Debit Teaching supplies Debit Credit No. Credit No. / Date Dec 31 Balance 34,350 Date Dec 31 Balance 8,100 Prepaid insurance Debit Credit Prepaid rent Debit No. No. / Credit Date Dec 31 Balance 10,000 Date Dec 31 Balance 3,400 Professional library Debit Credit No. No. Date Dec 31 Balance 49,000 Accumulated depreciation – Professional library Date Debit Credit Balance Dec 31 19,600 Equipment Debit No. / Credit No. Date Dec 31 Balance 84.000 Accumulated depreciation – Equipment Date Debit Credit Dec 31 Balance 16,800 Accounts payable Debit Credit Unearned training fees Debit Credit No. No. Date Dec 31 Balance 28.400 Date Dec 31 Balance 14,000 Common stock Debit Credit Retained earnings Debit Credit No. No. Date Dec 31 Balance 7,000 Date Dec 31 Balance 87,000 Dividends Tuition fees earned Debit Credit No. Debit Credit No. Date Dec 31 Balance 50,600 Date Dec 31 Balance 126,000 Training fees earned Debit Credit Salaries expense Debit Credit No. No. Date Dec 31 Balance 41,000 Date Dec 31 Balance 50,400 Rent expense Debit Credit Advertising expense Debit Credit No. No. Date Dec 31 Balance 37,400 Date Dec 31 Balance 6,050 Utilities expense Debit Credit No. Date Dec 31 Balance 6,500 < General Journal Trial Balance > Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on income You may view either the unadjusted or adjusted trial balance by choosing from the drop-down box below. Your choice will determine the reported values on the financial statement tabs. Unadjusted – Lee Technical Institute Trial Balance December 31, 2017 Credit Account Title Cash Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated depreciation – Professional library Equipment Accumulated depreciation – Equipment Accounts payable Unearned training fees Debit 34,350 8,100 10,000 3,400 49,000 19,600 84,000 16,800 28,400 14,000 7,000 87,000 50,600 126,000 41,000 Common stock Retained earnings Dividends Tuition fees earned Training fees earned Salaries expense Rent expense Advertising expense Utilities expense Total 50,400 37,400 6,050 6,500 339,800 $ $ 339,800 < General Ledger Income Statement > Unadjusted Lee Technical Institute Income Statement For Year Ended December 31, 2019 Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on income The unadjusted or adjusted balances will appear for each account, based on your selection. Unadjusted Lee Technical Institute hnical Institute Statement of Retained Earnings For Year Ended December 31, 2019 Retained earnings, December 31, 2019 Add: Net income Less: Dividends Retained earnings, December 31, 2019 $ 87,000 (50,600) 87,000 $ < Income Statement Balance Sheet > Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on income Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted or adjusted balances will appear for each account, based on your selection. Include all balance sheet accounts, even those with zero balances. Unadjusted Lee Technical Institute Balance Sheet December 31, 2019 Assets Current assets Plant assets Plant assets Liabilities Current liabilities Equity < St Retained Earnings Impact on income > Unadjusted Account affecting the: Income statement Balance Sheet Impact on net income Adjusting entry related to: a. Insurance b. Teaching supplies c. Depreciation – equipment d. Depreciation – library e. Training fees f. Tuition g. Salaries h. Rent Total impact on income due to adjustments Net income before adjustments Net income after adjustments < Balance Sheet Impact on income>

3 6 4 5 Record the entry related to the note receivable and the collection fee, if required Not”

3 6 4 5 Record the entry related to the note receivable and the collection fee, if required Not” src=”https://files.transtutors.com/cdn/qimg/7525a84090b242afa678155f16732914.jpg” aria-describedby=”crb”> lThe following intormation appies to the questions displayed below Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding, No. 5888 for $1,095 and No. 5893 for $503. The following information is available for its September 30, 2017, reconciliation. From the September 30 Bank Statement PREVIOUS BALANCE TOTAL DEPOSITS AND CREDITS TOTAL CHECKS AND DEBITS 10,003 CURRENT BALANCE 19,661 18,000 11,664 CHECKS AND DEBITS DEPOSITS AND CREDITS Date No. Amount Date Amount 1,095 758 09/05 09/12 09/21 659NSF 09/25 09/30 1,180 2,235 4,313 09/035888 09/045902 09/075901 1,861 09/17 2,307 22IN 09/205905 976 372 09/225903 09/30 1,607CM 09/225904 2,108 278 1,896 09/285907 09/295909 From Chavez Company&#39;s Accounting Records Cash Receipts Deposited. Cash Debit 1,180 2,235 4,313 2,307 1,772 Date Sept. 5 12 21 25 30 11,807 Cash Disbursements Check Cash No. Credit 5901 1,861 5902 758 5903 372 2,069 5904 5905 976 5906 969 5907 278 5908 426 5909 1,896 9,605 Cash Date Explanation Aug Balance Acct. No. 101 Debit Credit Balance PR 16,402 31 Sept. Total receipts 30 R12 11,807 28,209 Total 30 disbursements D23 9,605 18,604 Additional Information Check No. 5904 is correctly drawn for $2,108 to pay for computer equipment; however, the recordkeeper misread the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cash of $2,069. The NSF check shown in the statement was originaly received from a customer, S. Nilson, in payment of her account. Its return has not yet been recorded by the company. The credit memorandum is from the collection of a $1,630 note for Chavez Company by the bank. The bank deducted a $23 collection fee. The collection and fee are not yet recorded. Problem 6-5A Part 2 2. Prepare the jounal entries to adjust the book balance of cash to the reconciled balance. (If no entry is required for a transaction/event, select “No journal entry required” in the first account field.) View transaction list Journal entry worksheet > 1 2 345 6 Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits. General Journal Date Debit Credit Sept 30 Record entry View general journal Clear entry Journal entry worksheet 123 4 5 6 Record the entry related to interest earned, if required. Note: Enter debits before credits. Debit Credit Date General Journal Sept 30 Record entry Clear entry View general journal Journal entry worksheet 1 2 > 3 6 4 5 Record the entry related to the note receivable and the collection fee, if required Note: Enter debits before credits. General Journal Date Debit Credit Sept 30 Record entry View general journal Clear entry Journal entry worksheet 1 2 3 5 6 4 Record the entry related to the outstanding checks, if required Note: Enter debits before credits. Debit Credit Date General Journal Sept 30 View general journal Record entry Clear entry Journal entry worksheet 1 2 34 6 Record the entry related to the NSF check, if required. Note: Enter debits before credits. General Journal Debit Credit Date Sept 30 View general journal Record entry Clear entry Journal entry worksheet 1 2 3 4 6 5 Record the entry related to the error on check 5904, if required. Note: Enter debits before credits. Date General Journal Debit Credit Sept 30 View general journal Record entry Clear entry