accounting-cycle-exercises-i

# accounting-cycle-exercises-i - Larry M Walther Christopher...

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Download free ebooks at bookboon.com 2 Larry M. Walther & Christopher J. Skousen Accounting Cycle Exercises I
Download free ebooks at bookboon.com 3 Accounting Cycle Exercises I © 2010 Larry M. Walther, Christopher J. Skousen & Ventus Publishing ApS. All material in this publication is copyrighted, and the exclusive property of Larry M. Walther or his licensors (all rights reserved). ISBN 978-87-7681-554-7

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Download free ebooks at bookboon.com Please click the advert Accounting Cycle Exercises I 4 Contents Contents Problem 1 6 Worksheet 1 6 Solution 1 8 Problem 2 9 Worksheet 2 10 Solution 2 12 Problem 3 14 Worksheet 3 14 Solution 3 16 Problem 4 17 Worksheet 4 17 Solution 4 18 Problem 5 19 Worksheet 5 20 Solution 5 32 360° thinking . © Deloitte & Touche LLP and affiliated entities. Discover the truth at www.deloitte.ca/careers

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Download free ebooks at bookboon.com Accounting Cycle Exercises I 6 Problem 1: Worksheet Problem 1 Juniper Corporation provided the following summary balance sheet information: Dec. 31, 20X8 Dec. 31, 20X9 Total Assets \$2,500,000 \$3,800,000 Total Liabilities 900,000 1,300,000 Compute net income for the year ending December 31, 20X9, under each of the following independent scenarios: a) Juniper paid no dividends, and no additional capital was raised via share issuances. b) Juniper paid \$300,000 in dividends, and no additional capital was raised via share issuances. c) Juniper paid no dividends, but raised \$1,500,000 via issuances of additional shares of stock. d) Juniper paid \$300,000 in dividends, and raised \$1,150,000 via issuances of additional shares of stock. Worksheet 1 Dec. 31, 20X8 Dec. 31, 20X9 Total Assets \$2,500,000 \$3,800,000 Total Liabilities 900,000 1,300,000 Total Equity Ending Equity Total Liabilities Total Equity a) Juniper paid no dividends, and no additional capital was raised via share issuances. b) Juniper paid \$300,000 in dividends, and no additional capital was raised via share issuances. c) Juniper paid no dividends, but raised \$1,500,000 via issuances of additional shares of stock.
Download free ebooks at bookboon.com Accounting Cycle Exercises I 7 Problem 1: Worksheet d) Juniper paid \$300,000 in dividends, and raised \$1,150,000 via issuances of additional shares of stock.

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