USA: +1(669)289-8683 
Sign in
Attached as word docs.
Completed in same format, please help
Thank you
PROBLEM 4-20
|
Superior Auto Supply, Inc. Bank Reconciliation May 31, 2012 |
|
|
Unadjusted Bank Balance, May 31, 2012 |
|
|
Add: Deposits in Transit |
|
|
Bank Error |
|
|
Less: Outstanding Checks |
|
|
True Cash Balance, May 31, 2012 |
|
|
Unadjusted Book Balance, May 31, 2012 |
* |
|
Add: Note Collected by Bank |
|
|
Error in recording payment for utilities |
|
|
Less: Collection Fee |
|
|
Bank Service Charge |
|
|
NSF Checks |
|
*Unadjusted cash balance per Superior Auto Supply’s books is computed as:
PROBLEM 4-21
|
Reconciling Items |
Book Balance Adjusted? |
Added or Subtracted? |
|
a. |
||
|
b. |
||
|
c. |
||
|
d. |
||
|
e. |
||
|
f. |
||
|
g. |
||
|
h. |
Students-�4-20 – Provide the correct entry in each appropriate cell. Again, this is a ‘vertical statement’ so provide indented balances where appropriate. Justify your answer to ‘Unadjusted Book Balance, May 31, 2012’ below, via asterisk (*) reference.
Students-�4-21 – Provide ‘Yes’ or ‘No’ to indicate whether each event will require an adjustment or correction. If ‘Yes’, show impact amount with ‘-‘ for subtracted or ‘+’ for added. �
PROBLEM 3-22
Event
Product Costs
Period Costs
a.
b.
c.
d.
e.
f.
g.
h.
i.
j.
PROBLEM 3-25 a.
Event No.
Event Type
Event No.
Event Type
1a.
5a.
1b.
5b.
2.
6.
3.
7.
4a.
8.
4b.
b.
|
Jeater Company Horizontal Statements Model – 2012 |
|||||||||||||||||
|
Balance Sheet |
Income Statement |
Statement of |
|||||||||||||||
|
Event No. |
Cash |
+ |
Accts. Rec. |
Mdse. Inv. |
= |
Accts. Pay |
Comm Stock |
Ret. Earn. |
Rev. |
( |
Exp. |
Net Inc. |
Cash Flows |
||||
|
Bal. |
|||||||||||||||||
|
1a. |
|||||||||||||||||
|
3.1 |
|||||||||||||||||
|
4a. |
|||||||||||||||||
|
4b. |
|||||||||||||||||
|
5a. |
|||||||||||||||||
|
5b. |
|||||||||||||||||
|
7. 2 |
|||||||||||||||||
1
2
PROBLEM 3-25
c.
|
Jeater Company Financial Statements |
|
|
Net Sales |
|
|
Cost of Goods Sold |
|
|
Gross Margin |
|
|
Operating Expenses |
|
|
Transportation-out |
|
|
Operating/Net Income |
|
|
Statement of Changes in Stockholders’ Equity |
|
|
Beginning Common Stock |
|
|
Plus: Stock Issued |
|
|
Ending Common Stock |
|
|
Beginning Retained Earnings |
|
|
Plus: Net Income |
|
|
Ending Retained Earnings |
|
|
Total Stockholders’ Equity |
PROBLEM 3-25 c. (cont.)
Jeater Company
Financial Statements
Balance Sheet
As of December 31, 2012
Assets
Cash
Merchandise Inventory
Total Assets
Liabilities
Stockholders’ Equity
Common Stock
Retained Earnings
Total Stockholders’ Equity
Total Liabilities and Stockholders’ Equity
Statement of Cash Flows
For the Year Ended December 31, 2012
Cash Flows From Operating Activities:
Inflow from Customers*
Outflow for Inventory**
Outflow for Expenses
Net Cash Flow from Operating Activities
Cash Flows From Investing Activities
Cash Flows From Financing Activities
Net Change in Cash
Plus: Beginning Cash Balance
Ending Cash Balance
*
**
Students-�Enter a check mark or ‘X’ to indicate the appropriate cost type for each event.
Students-�3-25(a) – Indicate the Event Type (AS, AU, AE, or CE) for each event.��3-25(b) – Fill in each cell in the table. Use ‘NA’ for not affected. Cash Flows are either ‘OA’, ‘IA’, ‘FA’, or ‘NA’. Indicate cash flow amounts. For entries #3 and #7, provide calculation notes 1 and 2 as shown.
Students-�3-25(c) – Provide the correct entries in the appropriate cells.
You are using ‘Vertical Statements’ here. Show indented balances where appropriate.��Show calculations where asterisks (*) appear. �
