Get a unique, high-quality and non-plagiarized paper from us today at the most affordable price
Email us : premieredtutorials@gmail.com

trial balance

BADM 710: Homework 9 (Chapter 11)
Total Points Available: 10 (Due: November 22)
Holiday, Inc. provides you with the following trial balance for the 2013 and 2014 fiscal years:
 The company purchased new inventory of $2.25M
 Of the sales 80% are cash, the rest is on account. (Note: there were no write-offs in the current year.)
 The company sold old equipment for $30,000 (cash); the equipment had originally been purchased for $42,000 and had been fully depreciated at the time of the sale.
 The company purchased new equipment for $456,000.
 All expenses except depreciation, bad debt, and part of salaries are cash expenses
 Of the salaries expenses 90% are cash; the rest is an accrual (to be paid next year)
 Prior year accrued salaries are paid (in cash)
Holiday Corporation – Trial Balance
Beginning Balance
Ending Balance
Description
Debit
Credit
Debit
Credit
Cash
144,000.00
378,270.00
Marketable securities
837,000.00
837,600.00
Other securities & investments
543,900.00
543,900.00
Accounts receivable
236,400.00
1,448,400.00
Allowance for doubtful accounts
2,280.00
17,880.00
Inventory
1,266,000.00
546,000.00
Building and leasehold improvements
336,000.00
336,000.00
Accumulated depreciation – building
120,000.00
150,000.00
Equipment
42,000.00
456,000.00
Accumulated depreciation – equipment
42,000.00
45,600.00
Accounts payable
4,620.00
4,620.00
Accrued salaries & vacation
22,800.00
81,600.00
Deferred revenues
52,620.00
52,620.00
Common stock
600.00
600.00
Retained earnings
900,000.00
3,160,380.00
Dividends (cash)
3,000.00
12,000.00
Unrealized gain (loss)

600.00
Revenues from sales & services
6,300,000.00
6,060,000.00
Cost of goods sold
2,598,000.00
2,970,000.00
General & administrative expenses
8,700.00
11,100.00
Salaries
711,000.00
816,000.00
Research & development
210,000.00
219,000.00
Office expenses
57,000.00
48,000.00
Travel expenses
30,600.00
28,800.00
Accounting & auditing
138,000.00
153,000.00
Rental expenses
192,000.00
187,200.00
Advertising expenses
348,000.00
292,800.00
Legal & professional services
150,000.00
189,000.00
Miscellaneous other expenses
34,800.00
42,600.00
Penalties
7,440.00
6,030.00
Bad debt expense
1,080.00
15,600.00
Depreciation expense
30,000.00
75,600.00
Gain (loss) on the sale of fixed assets

30,000.00
Other income (cash)
480,000.00
9,000.00
Totals
$ 7,924,920
$ 7,924,920
$ 9,612,900
$ 9,612,900
Requirements: Prepare a statement of cash flows using the direct and the indirect method

For a custom paper on the above topic, place your order now!

What We Offer:

• On-time delivery guarantee

• PhD-level writers

• Automatic plagiarism check

• 100% money-back guarantee

• 100% Privacy and Confidentiality

• High Quality custom-written paper

How to Place an Order 

Send the assignment details such as the instructions, due date/deadline, number of pages and college level to the customer support agent online on live chat,  fill in the assignment details at place an order or send the information to our email address premieredtutorials@gmail.com and a customer support agent will respond to you immediately. 

Once you place your order, we choose for you the best and competent writer for your assignment based on each writer’s competence in handling a subject. 

When the homework is completed, we have a quality assurance team that proofreads the assignment to ensure it meets the required rubric instructions from your professor.

After thorough review of your assignment, we send the paper to the client. In case you need any changes at this point, you can let us know so that we can handle it for you at no extra charge. 

Homework Help Website

Why we should write your Paper 

  1. Money Return guarantee
  2. 0% Plagiarism Rate
  3. Guaranteed Privacy
  4. Written from scratch by highly qualified writers 
  5. Communication at Any Time (24/7)
  6. Flexible Pricing and Great Discount Programs
  7. Timely Deliveries
  8. Free Amendments
Looking for a similar assignment and in urgent need for help? Place your order and have excellent work written by our team of professionals to ensure you acquire the best grades.

  We are here to assist you.

 

Statistics about Us

130 New Projects
235 Projects in Progress
315 Inquiries
420 Repeat clients

© 2021 Premiered Tutorials
All rights reserved. We provide online custom written papers, such as term papers, research papers, thesis papers, essays, dissertations and other custom writing services.

All papers inclusive of research material are strictly intended to be used for research and study purposes only. Premiered Tutorials does not support or condone plagiarism in any form. These custom papers should be used with proper reference.

Place an Order
error: Content is protected !!