Questions from College Accounting

Q: From Concept Check 6, record a journal entry for the first

From Concept Check 6, record a journal entry for the first semiannual interest payment on October 1. Concept Check 6: Facts: Bond issue: $150,000, 9%, 13-year bonds; selling price of bonds $129,569;...

Q: From Concept Check 8, record the journal entry for the first

From Concept Check 8, record the journal entry for the first semiannual interest payment on October 1. Concept Check 8: Facts: Bond issue: $95,000, 13%, 35-year bonds; selling price of bonds $191,80...

Q: The following accounts showed an increase or a decrease from the comparative

The following accounts showed an increase or a decrease from the comparative balance sheet. Explain which account will be added to net income and which will be subtracted in calculating net cash flows...

Q: From the following, calculate net cash flows from financing activities:

From the following, calculate net cash flows from financing activities: Payments of dividends ……………………………... $ 14,000 Issuance of common stock ……………………………. 6,500 Issuance of long-term note …………………………...

Q: Given the following, calculate net change in cash:

Given the following, calculate net change in cash: Net cash flows from operating activities ……………………… $6,700 Net cash used by investing activities ………………………….. (2,100) Net cash provided by financing...

Q: Calculate the amount of increase or decrease as well as the percentage

Calculate the amount of increase or decrease as well as the percentage of increase or decrease. (Round to the nearest tenth of a percent as needed.)

Q: Complete a vertical analysis of the assets. (Round to the

Complete a vertical analysis of the assets. (Round to the nearest tenth of a percent as needed.)

Q: Prepare a common-size income statement from the following (use

Prepare a common-size income statement from the following (use net sales as 100%): Net Sales …………………………………………………. $800 Cost of Goods Sold ……………………………………… 200 Gross Profit from Sales ………………………………. 600...

Q: Complete a trend analysis from the following data of Carter Corporation using

Complete a trend analysis from the following data of Carter Corporation using 2015 as the base year. (Round to the nearest percent.)

Q: Record the following transactions in the general journal, assuming that the

Record the following transactions in the general journal, assuming that the company records all vouchers as gross: