Financial Accounting

Journal Entries Prepare the necessary general journal entries for the month of October for the Dolan Company for each situation given below. Dolan uses a perpetual inventory system. Oct. 5 Paid cash of $12,000 for operating expenses that were incurred and properly recorded in the previous period. Oct. 8 Purchased mercha ...continues

Financial Accounting

Closing Entries The end of the period account balances after adjustments of the Falcon Cleaners and Laundry are as follows: Account Balances (After Adjustments) Cash $ 10,000 Cleaning Supplies 3,500 Prepaid Rent 3,600 Equipment 128,000 Accumulated Depreciation-Equipment 20,000 Accounts Payable 8,500 Common St ...continues

Financial Accounting

Adjusting Entries The following information for Marx Company is available on June 30, 2000, the end of a monthly accounting period. You are to prepare the necessary adjusting journal entries for Marx Company for the month of June for each situation given. Appropriate adjusting entries had been recorded in previous months. ...continues

Financial Accounting - 10 multiple choice questions in financial accounting dealing with topics like stockholders' equity, posting, depreciation, prepaid insurance, inventory, depreciation on productive assets, accounting period, expected uncollectible accounts, inventory method, FIFO, LIFO.

Multiple Choice Circle the one best answer. 1. A corporation with total stockholders' equity of $85,000 paid a $10,000 business debt. As a result of this transaction, total stockholders' equity a. did not change. b. increased by $10,000. c. decreased by $10,000. d. increased to $95,000. 2. Posting is the pr ...continues

Financial Accounting : Definitions

Match the items below by entering the appropriate letter in the space. 1. Partnership 2. Liabilities 3. Revenues 4. General ledger 5. Matching principle 6. Unearned revenues 7. Income summary 8. Intangible assets 9. Freight-out 10. Sales returns an ...continues

Financial Accounting : LIFO and FIFO - Application Problem

The management of Congo Co. asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For 2002, the accounting records show the following data. Inventory, January 1 (10,000 units) $35,000 Cost of 110,000 units purchased 478,000 Selling price of 95,000 units sold 665,000 ...continues

Probability : Bracket System

The 'cup' system for determining the champion amongst 2^n players consists of drawing lots to arrange the players in 2^(n-1) pairs who are to play each other, then repeating this with the 2^(n-1) winners of these matches, and so on. The winner and loser of the final match recieve the first and second prizes respectively. Suppos ...continues

Vector Problems : Plane Angle and Line of Intersection

Please see the attached file for the fully formatted problems. The plane Π 1 has equation x + 2y - z = 5 and the plane Π 2 has the equation 3x + y + 2z = 10. (a) Find the angle between the planes. (b) Find the equation of the line of intersection of the planes.

Separable Differential Equation : Integrate

dy/dx=((x+3)/(x^2-1))*(1-y^2)^(1/2) where y(0)=1 I am having trouble integrating ((x+3)/(x^2-1))dx

Sigma-Algebra

Please see the attached file for full problem description with proper symbols. --- Let A be a sigma-algebra on Omega, and let B be an element of A. We denote A|B = A intersection B A E A. 1. Prove that A|B is a sigma-algebra on B. 2. Is is still true if B is not in A? Please prove the answer.