ORIE_350_Homework_2_spring_2007

ORIE_350_Homework_2_spring_2007 - 1. Show the combination...

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ORIE 350 Spring 2007 Homework #2 Due February 6, 2007 1. Please write your homework on American 8.5 inch by 11 inch (216 mm by 279 mm) paper. 2. Please use a metal staple in upper left hand corner for multiple sheets. 3. Please use one inch margins. 4. Please work the problems in the same order they appear in the assignment. Do all of the graded problems first, in the order in which they appear on this page. Then (if you so choose) work the ungraded problems. 5. Please use clean pages, not torn from spiral workbook or the back of recycled paper. 6. Any printouts should have managed page breaks. 7. Any graphs or tables should be formatted to print on single page. 8. Please write your name, ORIE 350 Homework #2, and your section number in the upper right hand corner of the first sheet. No cover sheet is needed. Graded Problems
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Unformatted text preview: 1. Show the combination T-account. a. Common Stock has a credit balance of $350,000, and Preferred Stock has a credit balance of $280,0000. The combination of the two accounts is called Total Contributed Capital. b. Investment – Treasury Securities has a debit balance of $400,000. Allowance – Treasury Securities has a credit balance of $62,600. The combination of the two accounts is called Investment - Trading Securities (Net). c. Machinery has a debit balance of $145,800. Accumulated Depreciation has a credit balance of $52,800. Find the book value. d. Bond Payable has a credit balance of $2,000,000. Unamortized Bond Discount has a debit balance of $134,600. Find the carrying value. Textbook: E2-3, E2-6, E2-7, E3-12, P3-4A, BYP3-4 Ungraded Problems P2-2A, P2-6A, P2-8B, P3-8A, P3-5B...
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This note was uploaded on 04/05/2009 for the course ORIE 350 taught by Professor Callister during the Summer '08 term at Cornell.

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