Chapter 10: Homework questions
On January 1, 2016, the Blackstone Corporation purchased a tract of land (site number
11) with a building for $600,000. Additionally, Blackstone paid a real estate broker's
commission of $36,000, legal fees of
INTERMEDIATE ACCOUNTING I: ACC 3510
E 24 Journal entries
The following transactions occurred during the month of June 2013 for the Stridewell
Corporation. The company owns and operates a retail shoe store.
1. Issued 100,000 shares of common stock in excha
Chapter 5: Homework questions
E 53 Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a
universal remote, and on-site installation by VP staff. The installation includes
programming the remote to have the TV interf
Chapter 2: Homework questions
P 21 Halogen Laminated Products Company began business on January 1, 2016. During
January, the following transactions occurred:
Jan.1Issued common stock in exchange for $100,000 cash.
2Purchased inventory on account
ACC 3510: Intermediate Accounting I
Chapter 3 examples
Balance sheet preparation
The following is a December 31, 2013, post-closing trial balance for the Weismuller
1. Prepaid expenses include $120,000 pai
Chapter 4: Homework questions
P 42 The following condensed income statements of the Jackson Holding Company are
presented for the two years ended December 31, 2016 and 2015:
Cost of goods sold
Chapter 21: Homework questions
E 2121 The income statement and a schedule reconciling cash flows from operating activities
to net income are provided below ($ in 000s) for Peach Computers.
1. Calculate each of the following amounts for
Chapter 9: Homework questions
P 91 Decker Company has five products in its inventory. Information about the December 31,
2016, inventory follows.
Unit Selling Price
Chapter 1: Homework questions
E 11 Listed below are several transactions that took place during the first two years of
operations for the law firm of Pete, Pete, and Roy.
In addition, you learn that the company incurred utility costs of $35,000 i