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    tseitler's Avatar
    tseitler Posts: 5, Reputation: 1
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    #1

    Dec 16, 2012, 08:15 PM
    Accounting Help ASAP!!
    The following items were taken from the post adjusted trial balance of Flip Company. (All balances are normal.) Mortgage payable $ 1,443 Accumulated depreciation 3,655 Prepaid expenses 880 Accounts payable 1,444 Equipment 11,000 Notes payable after 2013 1,200 Long-term investments 1,100 Flip's capital 13,480 Short-term investments 3,690 Accounts receivable 1,696 Notes payable in 2013 1,000 Inventories 1,756 Cash 2,100 Instructions: Prepare a classified balance sheet in good form as of December 31, 2012.

    <Multiple Questions Merged>
    tseitler's Avatar
    tseitler Posts: 5, Reputation: 1
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    #2

    Dec 16, 2012, 08:16 PM
    Accounting Help ASAP!!
    The following information is available for Flip Company: Beginning inventory 600 units at $4 First purchase 900 units at $6 Second purchase 500 units at $7.20 Assume that Flip uses a periodic inventory system and that there are 700 units left at the end of the month. Instructions: Compute the cost of ending inventory and Cost of Good Sold under the (a) FIFO method. (b) LIFO method. (c) Average-cost method
    tseitler's Avatar
    tseitler Posts: 5, Reputation: 1
    New Member
     
    #3

    Dec 16, 2012, 08:16 PM
    Accounting Help ASAP!!
    Prepare journal entries to record the following transactions entered into by Flip Company: 2012 June 1 Received a $10,000, 12%, 1-year note from Flop as full payment on her account. Nov. 1 Sold merchandise on account to Flap, Inc. for $12,000, terms 2/10, n/30. Nov. 5 Flap, Inc. returned merchandise worth $500. Nov. 9 Received payment in full from Flap, Inc. Dec. 31 Accrued interest on Flop's note. 2013 June 1 Flop honored her promissory note by sending the face amount plus interest. No interest has been accrued in 2013
    tseitler's Avatar
    tseitler Posts: 5, Reputation: 1
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    #4

    Dec 16, 2012, 08:17 PM
    Accounting Help ASAP!!
    Flip earns a salary of $7,500 per month during the year. FICA taxes are 8% on the first $100,000 of gross earnings. Federal unemployment insurance taxes are 6.2% of the first $7,000; however, a credit is allowed equal to the state unemployment insurance taxes of 5.4% on the $7,000. During the year, $25,600 was withheld for federal income taxes and $5,700 was withheld for state income taxes. Instructions (a) Prepare a journal entry summarizing the payment of Flipís total salary during the year. (b) Prepare a journal entry summarizing the employer payroll tax expense on Flipís salary for the year. (c) Determine the cost of employing Flip for the year.
    tseitler's Avatar
    tseitler Posts: 5, Reputation: 1
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    #5

    Dec 16, 2012, 08:18 PM
    Math Help ASAP
    The feasible region shown below is bounded by lines 2x ? Y = 4, x + y = 3, and y = 0. Find the coordinates of corner point A. Show work.
    joypulv's Avatar
    joypulv Posts: 21,593, Reputation: 2941
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    #6

    Dec 16, 2012, 08:34 PM
    We help, we don't do your homework for you. This applies to all your posts.
    Cat1864's Avatar
    Cat1864 Posts: 8,007, Reputation: 3687
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    #7

    Dec 16, 2012, 08:56 PM
    Please show your work for each question and we will be happy to help you.

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