Question : 85) Part A:  Show the effect the accounting equation of : 1253332

 

85) Part A:  Show the effect on the accounting equation of each of the events listed below:

 

Daily Kneads Company:

Assets

Liabilities

Shareholders’ equity

 

 

 

CC

Retained earnings

1

June 30, 2011: issued $100,000 worth of 8% bonds at 100. Interest will be paid annually on June 30.

 

 

 

 

2

Dec. 31, 2011: made an adjusting entry to accrue interest on the bonds.

 

 

 

 

3

June 30, 2012: made the interest payment.

 

 

 

 

4

Dec. 31, 2012: made an adjusting entry to accrue interest on the bonds.

 

 

 

 

5

June 30, 2013: made the interest payment.

 

 

 

 

6

Dec. 31, 2013: made an adjusting entry to accrue interest.

 

 

 

 

 

Part B: For each item listed below, fill in the correct dollar amount, even if it is $0, in the column that represents the financial statement where the item will appear:

 

 

 

Income Statement

Statement of Cash Flows

Balance Sheet

1.

Interest expense for 2011

 

 

 

2.

Interest paid in 2011

 

 

 

3.

Bonds payable at December 31, 2011

 

 

 

4.

Interest payable at December 31, 2011

 

 

 

5.

Interest expense for 2012

 

 

 

6.

Interest paid in 2012

 

 

 

7.

Bonds payable at December 31, 2012

 

 

 

8.

Interest payable at December 31, 2012

 

 

 

9.

Interest expense for 2013

 

 

 

10.

Interest paid in 2013

 

 

 

11.

Bonds payable at December 31, 2013

 

 

 

12.

Interest payable at December 31, 2013

 

 

 

 

 

86) Part A: Show the effect on the accounting equation of each of the events listed below:

 

Jean’s Garment Shoppe, Inc.:

Assets

Liabilities

Shareholders’ equity

 

 

 

CC

Retained earnings

1

Oct. 31, 2011: issued $500,000 of 6% bonds at 100. Interest will be paid SEMIANNUALLY on April 30 and October 31.

 

 

 

 

2

Dec. 31, 2011: made an adjusting entry to accrue interest on the bonds.

 

 

 

 

3

April 30, 2012: made the interest payment.

 

 

 

 

4

Oct. 31, 2012: made the interest payment.

 

 

 

 

5

Dec. 31, 2012: made an adjusting entry to accrue interest on the bonds.

 

 

 

 

6

April 30, 2013: made the interest payment.

 

 

 

 

7

Oct. 31, 2013: made the interest payment.

 

 

 

 

8

Dec. 31, 2013: made an adjusting entry to accrue interest on the bonds.

 

 

 

 

 

Part B: For each item listed below, fill in the correct dollar amount, even if it is $0, in the column that represents the financial statement where the item will appear:

 

 

Income Statement

Statement of Cash Flows

Balance Sheet

1.

Interest expense for 2011

 

 

 

2.

Interest paid in 2011

 

 

 

3.

Bonds payable at December 31, 2011

 

 

 

4.

Interest payable at December 31, 2011

 

 

 

5.

Interest expense for 2012

 

 

 

6.

Interest paid in 2012

 

 

 

7.

Bonds payable at December 31, 2012

 

 

 

8.

Interest payable at December 31, 2012

 

 

 

9.

Interest expense for 2013

 

 

 

10.

Interest paid in 2013

 

 

 

11.

Bonds payable at December 31, 2013

 

 

 

12.

Interest payable at December 31, 2013

 

 

 

 

 

 

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more