Chapter 3 Homework 1

Chapter 3 Homework 1 - 20,000.00 j. 120,000.00 3) 4,000.00...

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Chapter 3 Problem 20 Cash Acc. Rec. beg. 8,000.00 beg. 13,000.00 k. 197,000.00 j. 200,000.00 100,000.00 l. 197,000.00 k. 90,000.00 l. 16,000.00 15,000.00 Prepaid Insurance Finished Goods beg. 4,000.00 beg. 20,000.00 3,000.00 f. i. 130,000.00 1,000.00 120,000.00 j. 30,000.00 Capital Stock 150,000.00 beg. Acc. Pay. 30,000.00 beg. Depreciation Expense 45,000.00 a. d. 7,000.00 14,600.00 c. 18,000.00 g. Insurance Expense l. 100,000.00 f. 600 7,600.00 Selling and Administrative Expenses Salaries and Wages Payable g. 18,000.00 40,000.00 e. 18,000.00 e. Plant and Equipment 10,400.00 e. beg. 230,000.00 25,000.00 e. l. 90,000.00 Retained Earnings 3,400.00 78,000.00 beg. Raw Materials Work In Progress beg. 7,000.00 beg. 18,000.00 a. 45,000.00 b. 32,000.00 40,000.00 b. e. 40,000.00 12,000.00 h. 60,000.00 130,000.00 i. Cost of Goods Sold
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Unformatted text preview: 20,000.00 j. 120,000.00 3) 4,000.00 Administrative Salaries Expense 124,000.00 e. 25,000.00 Manufacturing Overhead Sales b. 8,000.00 200,000.00 j. c. 14,600.00 d. 21,000.00 Sales Commission Expense e. 18,000.00 e. 10,400.00 f. 2,400.00 60,000.00 h. Accumulated Depreciation 4,000.00 42,000.00 beg. 4,000.00 (3 28,000.00 d. 70,000.00 Durham Company Income Statement Sales 200,000.00 Cost of Goods Sold 124,000.00 Gross Margin Operating Expenses Sales Commissions 10,400.00 Administrative Salaries 25,000.00 Depreciation 7,000.00 Insurance Expiration 600.00 Selling and Administrative 18,000.00 Net Income 76,000.00 61,000.00 11,000.00...
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This note was uploaded on 11/16/2009 for the course ACCT 152 taught by Professor Bayak during the Spring '07 term at Lehigh University .

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Chapter 3 Homework 1 - 20,000.00 j. 120,000.00 3) 4,000.00...

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