Questions from College Accounting


Q: From the following, calculate total manufacturing costs: Direct

From the following, calculate total manufacturing costs: Direct labor ……………………………………………………………. $ 80,000 Raw materials inventory, May 31 …………………………………. 9,000 Raw materials purchases ………………………………………….....

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Q: Hawk Company’s May 1 inventory had a cost of $58,

Hawk Company’s May 1 inventory had a cost of $58,900 and a retail value of $74,400. During May, net purchases cost $255,800 with a retail value of $405,400. Net sales at retail for Hawk Company during...

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Q: Amy Company on January 1, 201X, had inventory costing $

Amy Company on January 1, 201X, had inventory costing $33,000 and during January had net purchases of $67,400. Over the years, Amy Company’s gross profit averaged 41% on sales. Given that the company...

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Q: Record the following transaction in the transaction analysis chart: Provided tutoring

Record the following transaction in the transaction analysis chart: Provided tutoring fees for $4,000, receiving $1,100 cash with the remainder to be paid next month.

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Q: Complete the following table: /

Complete the following table:

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Q: Capris Co. paid the cost of freight, $70.

Capris Co. paid the cost of freight, $70. Journalize the transaction. Assume that Capris Co. is the buyer.

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Q: Complete the following table: /

Complete the following table:

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Q: Match the following to the three business transactions (more than one

Match the following to the three business transactions (more than one number can be used). 1. Recorded to the accounts payable subsidiary ledger. 2. Recorded to the general journal. 3. Posted to the g...

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Q: From the following prepare a schedule of Accounts Payable for Ronson.

From the following prepare a schedule of Accounts Payable for Ronson.com for May 31, 201X:

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Q: Draw a seesaw similar to the one shown in Figure 10.

Draw a seesaw similar to the one shown in Figure 10.18 and show a sale of $1,000 that cost the store $450. Be sure to label all the accounts. Figure 10.18:

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