Ch12_e04 - Value of Total Cost REPORT REFERENCE Schedule M1...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Exercise 12-04 Press F5, enter a cell reference, and click on <OK> to go to one of the following data entry areas: REPORT REFERENCEPRINT AREA Schedule M1 M5:R28 General Journal U1 U5:Y27 Given Data AB1
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REPORT REFERENCE General Journal U1 Given Data AB1 0 0 SPATS Exercise 12-04 GEAR Research Institute Schedule Land Building Equipment Tools Totals Appraised Value Ratio of individual appraised value to totol appraised value. * Allocation of Purchase Price: Appraised Percentage Apportioned
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Unformatted text preview: Value of Total Cost REPORT REFERENCE Schedule M1 Given Data AB1 SPATS Exercise 12-04 GEAR Research Institute General Journal Trans. Date Account Titles no. Debit Credit Given Data: GEAR Research Institute Purchase price for land, building, equipment and tools $1,800,000 Land Appraised value 480,000 Building Appraised value 560,000 Equipment Appraised value 416,000 Tools Appraised value 144,000 Cash Payment for Purchases 460,000 Check figure: Dr Tools 162,000 Prepare the entry to record the purchase....
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This note was uploaded on 08/22/2009 for the course ACCT 1101 taught by Professor Davescott during the Fall '05 term at Niagara College.

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Ch12_e04 - Value of Total Cost REPORT REFERENCE Schedule M1...

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