Entries by mary WAMBUGU

Question 1 (30 Points) On December 31, 2014, Rayco Inc. had the following balances (all balances are normal): Accounts Amount Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued and outstanding) $1,000,

August 29, 2019 in /by

Question 1 (30 Points)On December 31, 2014, Rayco Inc. had the following balances (all balances are normal): Accounts Amount Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued and outstanding) $1,000,000 Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and outstanding) $1,000,000 Paid-in Capital in Excess of par, […]

 

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Baltimore Glass Company Trial Balance DAcct. No. Account Title Debit Credit 101 Cash 88,450 ecember 31, 2015

August 29, 2019 in /by

There are two homework problems this week.  The first is below and the second one is on the second tab at the bottom left of the screen Below you will see an unadjusted trial balance run at year end followed by information needed to make adjusting entries. Baltimore Glass Company Trial Balance December 31, 2015 […]

 

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Read the Notes to the Financial Statements (FS) for your SEC 10-K company. These “notes” are displayed after the financial statements. Note 1 includes accounting information. What is the fiscal year for your SEC 10-K Company?

August 29, 2019 in /by

My company is: General Motors Company (GM)Link to 10K: Read the Notes to the Financial Statements (FS) for your SEC 10-K company. These “notes” are displayed after the financial statements. Note 1 includes accounting information. What is the fiscal year for your SEC 10-K Company? This may be June 30 each year, or it may […]

 

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There are 3 problems this week. Click on the tabs at the bottom of the spreadsheet to view each problem. Prepare the journal entries for the eight following transactions. Use dates but descriptions are not required.

August 29, 2019 in /by

There are 3 problems this week.  Click on the tabs at the bottom of the spreadsheet to view each problem. Prepare the journal entries for the eight following transactions.  Use dates but descriptions are not required. On 10/1/15, Equipment was purchased for $10,000 cash down payment and a 10% per annum promissory note of $40,000. […]

 

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