Entries by mary WAMBUGU

For the FY 2018, Dorchester Company’s balance sheet included the following current items: cash $43,000, accounts receivable $136,000, inventories $82,000,

August 30, 2019 in /by

1.) For the FY 2018, Dorchester Company’s balance sheet included the following current items: cash $43,000, accounts receivable $136,000, inventories $82,000, prepaid expenses $25,000, accounts payable $99,000, and accrued expenses $72,000.  Use this information to determine the Current Ratio. (Round & enter your answers to one decimal place.) 2.) For the FY 2018, Frederick Company had […]

 

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Bowie Sporting Goods manufactures sleeping bags. The manufacturing standards per sleeping bag, based on 5,000 sleeping bags per month, are as follows: Direct material of 6.00 yards at $5.25 per yard

August 30, 2019 in /by

Question 1.) Bowie Sporting Goods manufactures sleeping bags. The manufacturing standards per sleeping bag, based on 5,000 sleeping bags per month, are as follows: Direct material of 6.00 yards at $5.25 per yard Direct labor of 3.00 hours at $19.00 per hour Overhead applied per sleeping bag at $18.00 In the month of April, the company […]

 

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The following is the Easton Company adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018

August 30, 2019 in /by

11.) The following is the Easton Company adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018 Account Title Debit Credit Cash $88,665  Accounts Receivable 232,400  Supplies 17,000  Equipment 395,000  Accumulated Depreciation $224,260  Accounts Payable 72,555  Capital Stock 220,000  Retained Earnings 127,145  Service Revenue 881,105  Interest Income 5,500  Dividends 9,000  Rent Expense 59,500  Wages Expense […]

 

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