[cthib27]

These expenditures were incurred by Sanler Company in purchasing land: cash price $56,132; accrued taxes $6,772; attorney's fees $2,111; real estate broker's commission $2,897; and clearing and grading $4,271. What is the cost of the land?

[winpam123]

Corporation A purchased 75% of D Corporation of 100,000 on January 1, 2011. On November 17, 2011 D Corporation declared total dividends of 12,000. At year-end, D Corporation reported net income of 60.000. What is the balance in A Corporation's investment in D Corportation account at year end?

[stella7002]

On September 1,2010, the account balances of Rand Equipment Repair were as follows.

No Debits No Credits

101 Cash $ 4,880 154 Accumulated depreciation $ 1,500
112 Acct.Receivable 3,520 201 Accounts Payable 3,400
126 Supplies 2,000 209 Unearned Service Revenue 1,400
153 Store Equipment 15,000 212 Salaries Payable 500
-------- 301 J Rand, Capital 18,600
$25,400 $25,400

During September the following summary Transactions were completed.

Sep. 8 Paid $1,400 for salaries due employees of which $900 is for September.
10 Received $1,200 cash from customers on account.
12 Received $3,400 cash for services performed in September.
15 Purchased Store equipment on Account $3,000
17 Purchased Supplies on Account $1,200
20 Paid creditors $4,500
22 Paid September rent $500
25 Paid salaries $1,250
27 Performed services on account and billed customers for serv provided $1,500
29 Received $650 from customers for future service.
Adjustment data consist of:
1.Supplies on hand $1,200
2.Accrued salaries payable $400
3.Depreciation is $100 per month
4.Unearned service revenue of $1,450 is earned.
Instructions
(a)Enter the September 1 balances in the ledger accounts.
(b)Journalize the September transactions
(c)Post to the ledger acccounts. Use J1 for the posting reference,Use the following additional accounts:
No.407 Service Revenue,No.615 Depreciation Expense, No.631 Supplies Expense, No.726 Salaries Expense and No. 729 Rent Expense.
(d)Prepare Trial Balance at September 30.
(e)Journalize and post adjusting entries.
(f)Prepare an adjusted trial balance.
(g)Prepare an income statement and an owner's equity statement for September and a balance sheet at September
30 on the next page.

[paraclete]

(a)Enter the September 1 balances in the ledger accounts.
(b)Journalize the September transactions
(c)Post to the ledger acccounts. Use J1 for the posting reference,Use the following additional accounts:
No.407 Service Revenue,No.615 Depreciation Expense, No.631 Supplies Expense, No.726 Salaries Expense and No. 729 Rent Expense.
(d)Prepare Trial Balance at September 30.
(e)Journalize and post adjusting entries.
(f)Prepare an adjusted trial balance.
(g)Prepare an income statement and an owner's equity statement for September and a balance sheet at September 30 on the next page.

Go on I dare you