Entries by Munene david

Company made a lump sum purchase of land, building, and equipment. The following were the appraised values of each element: P

May 6, 2020 in /by

Question 1 (10 points) <br/><br/><br/><br/><br/><br/><br/><br/><br/><br/><br/><br/><br/><br/><br/>Bowie Company made a lump sum purchase of land, building, and equipment. The following were the appraised values of each element: PP&amp;E Element Amount Land $15,000 Building 25,000 Equipment 50,000 Bowie paid $65,000 cash for the lump sum purchase. What value should be allocated to the building? (Enter only whole dollar values.) Your […]

 

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On January 2, 2016, Alpha Corporation issued 1,500 shares of $6 par

May 6, 2020 in /by

On January 2, 2016, Alpha Corporation issued 1,500 shares of $6 par value common stock. The issue price was $15 per share. On January 15, Alpha Corporation issued 1,100 shares of its $100 par 5% cumulative preferred stock for $105 per share. Use this information to prepare the General Journal entry (without explanation) for the […]

 

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The following are selected accounts for the Alpha Dog Company

May 6, 2020 in /by

The following are selected accounts for the Alpha Dog Company after all Fiscal Year December 31, 2016, adjusting entries &amp; closing entries have been posted. All balances are normal. Account Amount Common Stock, $5 par $150,000 Treasury Stock, at cost $10 per share 20,000 Dividends Payable 5,000 Paid in Capital in excess of par, Common […]

 

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The following totals are used to create a CVP Income Statement for Frederick Company for FY2018:

May 6, 2020 in /by

The following totals are used to create a CVP Income Statement for Frederick Company for FY2018: Frederick Company Selected Financial Figures For the Year Ended 12/31/18 Sales (100 units)   $10,000 Variable Costs:          Direct Labor $1,750        Direct Materials 1,150        Factory Overhead (variable) 2,000        Selling Expenses (variable) 600        Administrative Expenses […]

 

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