Accounting 152 Chapter 3 HW

Accounting 152 Chapter 3 HW - | | b. 40,000 12,000 | PPI...

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Taylor Foxworth Accounting 152 – Bayak Chapter 3 Problem 20 a/b. Cash 8000 | l. 190,000 k. 197,000 | 15,000 WIP 18,000 | i. 130,000 b. 32,000 | e. D/L 40,000 | h. 60,000 | 20,000 Plant and Equip 230,000 | Sales | j. 200,000 C/S | 150,000 Dep. Exp d. 7,000 | Insurance Exp. f. 600 | Salaries Exp. e. 25,000 | e. 10,400 | 35,400 A/R 13,000 | j. 200,000 |
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| k. 197,000 | 16,000 FG 20,000 | i. 130,000 | j. 120,000 30,000 Acc. Dep. | 42,000 | d. 28,000 | 70,000 R/E | 78,000 Salaries/Wages/Pay. l. 90,000 | e. 40,000 | e. 18,000 | e. 25,000 | e. 10,400 3,400 Misc. Exp. g. 18,000 | R/M _______________________ 7,000 | a. 45,000
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Unformatted text preview: | | b. 40,000 12,000 | PPI 4,000 | | f. 3,000 1,000 | A/P l. 100,000 | 30,000 | a. 45,000 | c. 14,600 | g. 18,000 7,600 MOH b. 8,000 | h. 60,000 c. 14,600 | d. 21,000 | e. 18,000 | f. 2,400 | 4,000 COGS j. 120,000 | c. Under-applied for the year. COGS 4,000 MOH 4,000 COGS____ ____MOH____ 120,000 | 4,000 | 4,000 4,000 | Income Statement Durham Company Net Sales 200,000 COGS (124,000) Gross Profit 76,000 Op. Expenses: Dep. (7,000) Insurance (600) Salaries exp. (35,400) Misc. Exp (18,000) Net Profit: 15,000...
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This note was uploaded on 02/12/2009 for the course ACCT 152 taught by Professor Bayak during the Spring '07 term at Lehigh University .

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Accounting 152 Chapter 3 HW - | | b. 40,000 12,000 | PPI...

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