Entries by Munene david

Bowie Sporting Goods manufactures sleeping bags. The manufacturing standards per sleeping bag

May 6, 2020 in /by

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 $6.00 per yard Direct labor of 2.00 hours at $17.00 per hour Overhead applied per sleeping bag at $19.00 In the month of April, the company actually produced […]

 

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1) On January 2, 2016, Alpha Corporation issued 5,000 shares

May 6, 2020 in /by

1) On January 2, 2016, Alpha Corporation issued 5,000 shares of $2 par value common stock. The issue price was $7.50 per share. Use this information to prepare the General Journal entry (without explanation) for the January 2 entry. 2) On January 2, 2016, Alpha Corporation issued 1,500 shares of $6 par value common stock. […]

 

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1) On January 1, 2016, Alpha Corporation had 300,000 shares of common

May 6, 2020 in /by

1) On January 1, 2016, Alpha Corporation had 300,000 shares of common stock outstanding with a par value of $3 per share. On March 31, Alpha Corporation declared a 10% stock dividend when the market value was $8 per share. Use this information to prepare the General Journal entry (without explanation) for March 31. 2) On […]

 

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Adelphi Company has budgeted activity for March to reflect net income

May 6, 2020 in /by

Adelphi Company has budgeted activity for March to reflect net income $175,000. All sales are credit sales. Receivables are planned to increase (decrease -) by $-33,000 payables to increase (decrease -) by $-29,000 and Depreciation Expense is $50,000. Use this information to determine how much cash will increase (decrease) during the month of March. (Decreases […]

 

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