exercise 18 - ACCOUNTING Exercise 18 Dell Computer 1...

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Unformatted text preview: ACCOUNTING Exercise 18 Dell Computer 1 ECONOMIC EVENTS 2 1. Pay $500,000 for improvements to a building the company is leasing from another company. 2. Spend $40,000,000 manufacturing 200,000 computers. 3. Sell 150,000 computers for $1,200 each to customers on credit. 4. Record $30,000,000 Cost of Sales. 5. Spend $20,000,000 on research and development. 6. Accrue $2,000,000 for estimated warranty costs (two year warranties). 7. Pay $10,000,000 to buy back the company’s stock. 8. Sell the machinery for $5,000,000. 9. Sell the treasury shares for $8,000,000. 10. Record payroll. Gross pay is $100,000,000. Federal Withholding is $10,000,000, State withholding is $5,000,000, FICA rate is 8%, SDI rate is 1%. Employees are paid the net amount. 11. Accrue payroll taxes. FICA rate is 8%, FUTA 2%, SUTA 4%. 12. Record depreciation on equipment (5 year life, SYD). 13. Record depreciation on leasehold improvements (5 year lease term, straight line). 14. Record amortization on the patent (20 year life, straight line). 15. Accrue $1,000,000 for vacations. 16. Transfer Net Income/Loss to Retained Earnings. JOURNAL ENTRIES 1. 2. 3. 4. 5. 3 JOURNAL ENTRIES 6. 7. 8. 9. 10. 4 JOURNAL ENTRIES 11. 12. 13. 14. 15. 5 JOURNAL ENTRIES 16. 17. 18. 19. 20. 6 7 Cash Reference Transaction Debit Current Balance Credit Debit 200,000,000 Credit 8 Land Reference Transaction Debit Current Balance Credit Debit 70,000,000 Credit 9 Equipment Reference Transaction Debit Current Balance Credit Debit 100,000,000 Credit 10 Machinery Reference Transaction Debit Current Balance Credit Debit 20,000,000 Credit Machinery Accum Depre Reference Transaction Debit 11 Current Balance Credit Debit Credit 10,000,000 12 Patent Reference Transaction Debit Current Balance Credit Debit 1,000,000 Credit 13 Common Stock Reference Transaction Debit Current Balance Credit Debit Credit 100,000,000 14 Paid in Capital Reference Transaction Debit Current Balance Credit Debit Credit 81,000,000 Retained Earnings Reference Transaction Debit 15 Current Balance Credit Debit Credit 200,000,000 16 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 17 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 18 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 19 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 20 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 21 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 22 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 23 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 24 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 25 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 26 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 27 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 28 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 29 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 30 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 31 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 32 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 33 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 34 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 35 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 36 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 37 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 38 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 39 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 40 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 41 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 42 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 43 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 44 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 45 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 46 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 47 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 48 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 49 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 50 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 51 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 52 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit TRIAL BALANCE…page 1 Account Debit 53 Credit TRIAL BALANCE…page 2 Account Debit 54 Credit BALANCE SHEET Current Assets Current Liabilities Long Term Assets Long Term Liabilities Stockholders Equity Total Total 55 INCOME STATEMENT Revenue Net Income (Loss) 56 57 JOURNAL ENTRY ANSWERS 1. Dr Leasehold Improvements 500,000 Cr Cash 500,000 2. Dr Inventory 40,000,000 Cr Cash 40,000,000 3. Dr Accounts Receivable 180,000,000 Cr Sales 180,000,000 4. Dr Cost of Sales 30,000,000 Cr Inventory 30,000,000 5. Dr R&D Expense 20,000,000 Cr Cash 20,000,000 58 JOURNAL ENTRY ANSWERS 6. Dr Warranty Expense 2,000,000 Cr Warranty Liability 2,000,000 7. Dr Treasury Stock 10,000,000 Cr Cash 10,000,000 8. Dr Cash 5,000,000 Dr Machinery Accumulated Depreciation 10,000,000 Dr Loss on Sale 5,000,000 Cr Machinery 20,000,000 9. Dr Cash 8,000,000 Dr Retained Earnings 2,000,000 Cr Treasury Stock 10,000,000 10. Dr Salaries Expense 100,000,000 Cr Federal Withholding Payable 10,000,000 Cr State Withholding Payable 5,000,000 Cr FICA Payable (100,000,000 x 8%) 8,000,000 Cr SDI Payable (100,000,000 x 1%) 1,000,000 Cr Cash 76,000,000 59 JOURNAL ENTRY ANSWERS 11. Dr Payroll Tax Expense 14,000,000 Cr FICA Payable (100,000,000 x 8%) 8,000,000 Cr FUTA Payable (100,000,000 x 2%) 2,000,000 Cr SUTA Payable (100,000,000 x 4%) 4,000,000 12. Dr Equipment Depreciation Expense (5/15 x 100,000,000) 33,333,333 Cr Equipment Accumulated Depreciation 33,333,333 13. Dr Leasehold Improvement Depreciation Expense 100,000 Cr Leasehold Improvement Accumulated Depreciation 100,000 14. Dr Patent Amortization Expense 50,000 Cr Patent Accumulated Amortization 50,000 15. Dr Vacation Expense 1,000,000 Cr Vacation Liability 1,000,000 60 JOURNAL ENTRY ANSWERS 16. Dr Retained Earnings 25,483,333 Cr Net Loss 25,483,333 61 Cash Reference Transaction Debit Current Balance Credit Debit 200,000,000 GJ1 500,000 199,500,000 GJ2 40,000,000 159,500,000 GJ5 20,000,000 139,500,000 GJ7 10,000,000 129,500,000 GJ8 5,000,000 134,500,000 GJ9 8,000,000 142,500,000 GJ10 76,000,000 66,500,000 Credit 62 Land Reference Transaction Debit Current Balance Credit Debit 70,000,000 Credit 63 Equipment Reference Transaction Debit Current Balance Credit Debit 100,000,000 Credit 64 Machinery Reference Transaction Debit Current Balance Credit Debit Credit 20,000,000 GJ8 20,000,000 0 Machinery Accum Depre Reference Transaction Debit 65 Current Balance Credit Debit Credit 10,000,000 GJ8 10,000,000 0 66 Patent Reference Transaction Debit Current Balance Credit Debit 1,000,000 Credit 67 Common Stock Reference Transaction Debit Current Balance Credit Debit Credit 100,000,000 68 Paid in Capital Reference Transaction Debit Current Balance Credit Debit Credit 81,000,000 Retained Earnings Reference Transaction Debit 69 Current Balance Credit Debit Credit 200,000,000 GJ9 2,000,000 198,000,000 GJ16 25,483,333 172,516,667 70 Leasehold Improvements Reference Transaction Debit GJ1 500,000 Current Balance Credit Debit 500,000 Credit 71 Inventory Reference Transaction Debit GJ2 GJ4 Current Balance Credit 40,000,000 Debit 40,000,000 30,000,000 10,000,000 Credit Accounts Receivable Reference Transaction Debit GJ3 180,000,000 72 Current Balance Credit Debit 180,000,000 Credit 73 Sales Reference Transaction Debit GJ3 Current Balance Credit 180,000,000 Debit Credit 180,000,000 74 Cost of Sales Reference Transaction Debit GJ4 30,000,000 Current Balance Credit Debit 30,000,000 Credit 75 R&D Expense Reference Transaction Debit GJ5 20,000,000 Current Balance Credit Debit 20,000,000 Credit Warranty Expense Reference Transaction Debit GJ6 2,000,000 76 Current Balance Credit Debit 2,000,000 Credit Warranty Liability Reference Transaction Debit GJ6 77 Current Balance Credit 2,000,000 Debit Credit 2,000,000 78 Treasury Stock Reference Transaction Debit GJ7 GJ9 Current Balance Credit 10,000,000 Debit Credit 10,000,000 10,000,000 0 79 Loss on Sale Reference Transaction Debit GJ8 5,000,000 Current Balance Credit Debit 5,000,000 Credit Salaries Expense Reference Transaction Debit GJ10 100,000,000 80 Current Balance Credit Debit 100,000,000 Credit 81 Federal Withholding Payable Reference Transaction Debit GJ10 Current Balance Credit 10,000,000 Debit Credit 10,000,000 State Withholding Payable Reference Transaction Debit GJ10 82 Current Balance Credit 5,000,000 Debit Credit 5,000,000 83 FICA Payable Reference Transaction Debit Current Balance Credit Debit Credit GJ10 8,000,000 8,000,000 GJ11 8,000,000 16,000,000 84 SDI Payable Reference Transaction Debit GJ10 Current Balance Credit 1,000,000 Debit Credit 1,000,000 Payroll Tax Expense Reference Transaction Debit GJ11 14,000,000 85 Current Balance Credit Debit 14,000,000 Credit 86 FUTA Payable Reference Transaction Debit GJ11 Current Balance Credit 2,000,000 Debit Credit 2,000,000 87 SUTA Payable Reference Transaction Debit GJ11 Current Balance Credit 4,000,000 Debit Credit 4,000,000 Equip Depre Expense Reference Transaction Debit GJ12 33,333,333 88 Current Balance Credit Debit 33,333,333 Credit Equip Accum Depre Reference Transaction Debit GJ12 89 Current Balance Credit 33,333,333 Debit Credit 33,333,333 90 LI Depre Expense Reference Transaction Debit GJ13 100,000 Current Balance Credit Debit 100,000 Credit 91 LI Accum Depre Reference Transaction Debit GJ13 Current Balance Credit 100,000 Debit Credit 100,000 Patent Amort Expense Reference Transaction Debit GJ14 50,000 92 Current Balance Credit Debit 50,000 Credit Patent Accum Amort Reference Transaction Debit GJ14 93 Current Balance Credit 50,000 Debit Credit 50,000 94 Vacation Expense Reference Transaction Debit GJ15 1,000,000 Current Balance Credit Debit 1,000,000 Credit 95 Vacation Liability Reference Transaction Debit GJ15 Current Balance Credit 1,000,000 Debit Credit 1,000,000 96 Net Loss Reference Transaction Debit GJ16 Current Balance Credit 25,483,333 Debit Credit 25,483,333 TRIAL BALANCE…page 1 Account 97 Debit Credit Cash 66,500,000 Land 70,000,000 Equipment 100,000,000 Machinery 0 Machinery Accumulated Depreciation Patent 0 1,000,000 Common Stock 100,000,000 Paid in Capital 81,000,000 Retained Earnings 172,516,667 Leasehold Improvements 500,000 Inventory 10,000,000 Accounts Receivable 180,000,000 Sales 180,000,000 Cost of Sales 30,000,000 R&D Expense 20,000,000 Warranty Expense 2,000,000 Warranty Liability Treasury Stock 2,000,000 0 TRIAL BALANCE…page 2 Account Loss on Sale Salaries Expense 98 Debit Credit 5,000,000 100,000,000 Federal Withholding Payable 10,000,000 State Withholding Payable 5,000,000 FICA Payable 16,000,000 SDI Payable 1,000,000 Payroll Tax Expense 14,000,000 FUTA Payable 2,000,000 SUTA Payable 4,000,000 Equipment Depreciation Expense 33,333,333 Equipment Accumulated Depreciation Leasehold Depreciation Expense 33,333,333 100,000 Leasehold Accumulated Depreciation Patent Amortization Expense 100,000 50,000 Patent Accumulated Amortization Vacation Expense 50,000 1,000,000 Vacation Liability 1,000,000 Net Loss 25,483,333 BALANCE SHEET Current Assets Current Liabilities 99 Cash 66,500,000 Federal WH Payable 10,000,000 A/R 180,000,000 State WH Payable 5,000,000 Inventory 10,000,000 FICA Payable 16,000,000 SDI Payable 1,000,000 FUTA Payable 2,000,000 SUTA Payable 4,000,000 Vacation Liability 1,000,000 Long Term Assets Land 70,000,000 Equipment 100,000,000 Accumulated Depreciation (33,333,333) Net Book Value 66,666,667 Patent Long Term Liabilities Warranty Liability 2,000,000 1,000,000 Accumulated Amortization (50,000) Stockholders Equity Net Book Value 950,000 Common Stock 100,000,000 Leasehold Improvements 500,000 Paid in Capital 81,000,000 Accumulated Depreciation (100,000) Retained Earnings 172,516,667 Total 394,516,667 Net Book Value Total 400,000 394,516,667 INCOME STATEMENT Revenue 100 Sales 180,000,000 Cost of Sales 30,000,000 Gross Profit 150,000,000 Expense R&D Expense 20,000,000 Warranty Expense 2,000,000 Loss on Sale 5,000,000 Salaries Expense 100,000,000 Payroll Tax Expense 14,000,000 Equipment Depreciation Expense 33,333,333 Leasehold Depreciation Expense 100,000 Patent Amortization Expense 50,000 Vacation Expense 1,000,000 Net Income (Loss) (25,483,333) 101 Dells’ business model 0% ca sh Ba d ca sh flo w flo w 0% od 2. Good cash flow Bad cash flow Go 1. 15 102 1. Pay $500,000 for improvements to a building the company is leasing from another company. Im pro ... Ca sh 50 0,0 Dr 00 Ca sh 50 0,0 00 Dr 5... ns e se ho ld pe Ex Le a 4. 0% 0% 0% 0% se 3. Dr 2. Dr Lease Expense 500,000 Cr Cash 500,000 Dr Leasehold Improvements 500,000 Cr Cash 500,000 Dr Cash 500,000 Cr Lease Expense 500,000 Dr Cash 500,000 Cr Leasehold Improvements 500,000 Le a 1. Dr 15 103 2. Spend $40,000,000 manufacturing 200,000 computers. 40,000,000 / 200,000 = $200 cost per unit 15 0% 40, 000 ,00 0 40, 000 ,00 0 0% Dr Inv ent ory Ca sh 2. Dr Cash 40,000,000 Cr Inventory 40,000,000 Dr Inventory 40,000,000 Cr Cash 40,000,000 Dr 1. 104 3. Sell 150,000 computers for $1,200 each to customers on credit……..150 x $1,200 = 180,000,000 15 iva ... 0% Acc oun ts R ece Dr s1 80, 000 ,00 0 0% Sal e 2. Dr Sales 180,000,000 Cr Accounts Receivable 180,000,000 Dr Accounts Receivable 180,000,000 Cr Sales 180,000,000 Dr 1. 105 4. Record $30,000,000 Cost of Sales….. 150,000 x $200 = 30,000,000 15 3. 4. 0% 0% 0% 0% Inv ent ory 3 Dr Cos 0,000 ,00 t of Sa l 0 Dr es 3 Inv 0 ent ory ,0.. Dr Expe Inv ent nse. . ory 30,0 00,0 00 2. Dr Inventory 30,000,000 Cr Cost of Sales 30,000,000 Dr Cost of Sales 30,000,000 Cr Inventory 30,000,000 Dr Inventory Expense 30,000,000 Cr Inventory 30,000,000 Dr Inventory 30,000,000 Cr Inventory Expense 30,000,000 Dr 1. 106 5. Spend $20,000,000 on research and development. 15 0% 20 , 000 Cas h Dr Exp ens e 20, 0. . ,00 0 0% R& D 2. Dr R&D Expense 20,000,000 Cr Cash 20,000,000 Dr Cash 20,000,000 Cr R&D Expense 20,000,000 Dr 1. 107 6. Accrue $2,000,000 for estimated warranty costs (two year warranties). 15 Dr Warranty Liability 2,000,000 Cr Warranty Expense 2,000,000 Dr Warranty Expense 2,000,000 Cr Warranty Liability 2,000,000 0% Dr Wa rra n ty E xpe nse .. iab ility .. 0% Wa rra nty L 2. Dr 1. 108 7. Pay $10,000,000 to buy back the company’s stock. v es tme n Cas t .. h1 0,0 Dr 00, Tre 0 00 asu ry S t Dr ock 1. Cas . h1 0,0 00, 0 00 4. 0% 0% 0% 0% Dr 3. k In 2. Dr Stock Investment 10,000,000 Cr Cash 10,000,000 Dr Cash 10,000,000 Cr Stock Investment 10,000,000 Dr Treasury Stock 10,000,000 Cr Cash 10,000,000 Dr Cash 10,000,000 Cr Treasury Stock 10,000,000 Sto c 1. Dr 15 109 8. Sell the machinery for $5,000,000. NBV…20,000,000 - 10,000,000 = 10,000,000 Loss on sale…NBV 10,000,000 – Cash received 5,000,000 = 5,000,000 4. 0% 0% 0% 0% 5,0 Ma 00, ch 000 ine ry 5,0 Dr 00,00 Ca sh 0 Dr 5,0 Ma 00, ch 000 ine ry 20, 000 ,00 0 3. Ca sh 2. Dr Cash 5,000,000 Cr Machinery 5,000,000 Dr Machinery 5,000,000 Cr Cash 5,000,000 Dr Cash 5,000,000 Dr Accumulated Depreciation 10,000,000 Dr Loss on Sale 5,000,000 Cr Machinery 20,000,000 Dr Machinery 20,000,000 Cr Cash 5,000,000 Cr Accumulated Depreciation 10,000,000 Cr Gain on Sale 5,000,000 Dr 1. Dr 15 110 9. Sell the treasury shares for $8,000,000. Loss….Cost 10,000,000 – Sale 8,000,000 = 2,000,000 0,0 00 0 8,0 0 Cas h Dr Cas h 8,0 00, 00 0,0 00 3. 0% 0% 0% Dr 2. Dr Cash 8,000,000 Dr Loss on Sale 2,000,000 Cr Treasury Stock 10,000,000 Dr Cash 8,000,000 Dr Retained Earnings 2,000,000 Cr Treasury Stock 10,000,000 Dr Cash 8,000,000 Dr PIC Treasury Stock 2,000,000 Cr Treasury Stock 10,000,000 Cas h8 ,00 1. Dr 15 111 10. Record payroll. Gross pay is $100,000,000. Federal Withholding is $10,000,000. State withholding is $5,000,000. FICA rate is 8% x 100,000,000 = 8,000,000 SDI rate is 1% x 100,000,000 = 1,000,000 Employees are paid the net amount. 100,000,000 – 10,000,000 – 5,000,000 – 8,000,000 – 1,000,000 = 76,000,000 76, 000 ,00 0 0% Ca sh Dr xpe nse ... ries E 2. 0% Sal a 15 Dr Salaries Expense 100,000,000 Cr Federal WH Payable 10,000,000 Cr State WH Payable 5,000,000 Cr FICA Payable 8,000,000 Cr SDI Payable 1,000,000 Cr Cash 76,000,000 Dr Cash 76,000,000 Dr Federal WH Payable 10,000,000 Dr State WH Payable 5,000,000 Dr FICA Payable 8,000,000 Dr SDI Payable 1,000,000 Cr Salaries Dr 1. 112 11. Accrue payroll taxes. Gross payroll is 100,000,000. FICA rate is 8% x 10,000,000 = 8,000,000 FUTA rate is 2% x 100,000,000 = 2,000,000 SUTA rate is 4% x 100,000,000 = 4,000,000 0% Dr Pay rol l Tax Ex yab le 8 ,00 ... pen s. 0% Pa 2. Dr FICA Payable 8,000,000 Dr FUTA Payable 2,000,000 Dr SUTA Payable 4,000,000 Cr Payroll Tax Expense 14,000,000 Dr Payroll Tax Expense 14,000,000 Dr FICA Payable 8,000,000 Dr FUTA Payable 2,000,000 Cr SUTA Payable FIC A 1. Dr 15 113 12. Record depreciation on equipment (5 year life, SYD). 1 + 2 + 3 + 4 + 5 = 15 5/15 x 100,000,000 = 33,333,333 15 re um c.. . ul at ed De pr ... Ac c Dr Dr Eq u ip m en tD ep 3, 3 33 ... ... t3 re c ip m en tD ep Eq u ip m en 4. 0% 0% 0% 0% Dr 3. Eq u 2. Dr Equipment Depreciation Expense 33,333,333 Cr Equipment 33,333,333 Dr Equipment 33,333,333 Cr Equipment Depreciation Expense 33,333,333 Dr Equipment Depreciation Expense 33,333,333 Cr Accumulated Depreciation 33,333,333 Dr Accumulated Depreciation 33,333,333 Cr Equipment Depreciation Expense 33,333,333 Dr 1. 114 13. Record depreciation on leasehold improvements (5 year lease term, straight line). 500,000 / 5 years = 100,000 15 3. 4. 0% 0% 0% 0% Le as eh old Dr De pr Le ec as i... eh old Dr Im pr Le o.. as . eh old Dr De Ac pr ec cu i... mu lat ed De pr ... 2. Dr Leasehold Depreciation Expense 100,000 Cr Leasehold Improvements 100,000 Dr Leasehold Improvements 100,000 Cr Leasehold Depreciation Expense 100,000 Dr Leasehold Depreciation Expense 100,000 Cr Accumulated Depreciation 100,000 Dr Accumulated Depreciation 100,000 Cr Leasehold Depreciation Expense 100,000 Dr 1. 115 14. Record amortization on the patent (20 year life, straight line). 1,000,000 / 20 years = 50,000 mo rti z Dr ati.. Pa ten Dr t5 Pa 0,0 ten 00 tA mo Dr rtiz Ac cu ati mu .. lat ed Am or. .. 4. 0% 0% 0% 0% tA 3. Pa ten 2. Dr Patent Amortization Expense 50,000 Cr Patent 50,000 Dr Patent 50,000 Cr Patent Amortization Expense 50,000 Dr Patent Amortization Expense 50,000 Cr Accumulated Amortization 50,000 Dr Accumulated Amortization 50,000 Cr Patent Amortization Expense Dr 1. 15 116 15. Accrue $1,000,000 for vacations. 0% Ex pe ilit y ... ns e... 0% Dr Va ca tio n Lia b 2. Dr Vacation Liability 1,000,000 Cr Vacation Expense 1,000,000 Dr Vacation Expense 1,000,000 Cr Vacation Liability 1,000,000 Va ca tio n 1. Dr 15 117 16. Transfer 25,483,333 Net Loss to Retained Earnings. 0% 25, 483 , Ear n in gs. .. 333 0% Dr Re tai ned oss 2. Dr Net Loss 25,483,333 Cr Retained Earnings 25,483,333 Dr Retained Earnings 25,483,333 Cr Net Loss 25,483,333 Ne tL 1. Dr 15 DELL COMPUTER 118 BAD PLANNING 119 120 DEAD POET’S SOCIETY1 121 ...
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