10.   Harper paid employee wages on and through Friday, Marc…

10.   Harper paid employee wages on and through Friday, March 26, and the next payroll will be paid in April. There are three more working days in March (29–31). Employees work 5 days a week and the company pays $1,200 a day in wages.       What will be the adjusting entry to accrue wages expense at the end of March?

Chpt 6:  Harper Hawk Inc. has the following inventory data:…

Chpt 6:  Harper Hawk Inc. has the following inventory data: Date Accounting Activity Units Unit Price $ Total $ July 1 Beginning inventory 50 $120 $6,000 July 5 Purchases 300 $112 $33,600 Juy14 Sale 200 ? ? July 21 Purchases 150 $115 $17,250 July 30 Sale 140 ? ? Assuming that a periodic inventory system is used, what is the cost of goods sold on a LIFO basis?

Cake Box Incoporate Balance Sheet June 30, 2021 Cash        …

Cake Box Incoporate Balance Sheet June 30, 2021 Cash                                         $    195,000            Accounts payable                            $  190,000 Accounts receivable                         150,000            Salaries and wages payable                  50,000 Inventory                                         165,000            Mortgage payable                               140,000 Prepaid insurance                              90,000                 Total liabilities                              $380,000 Stock investments (Short-Term)        255,000            Land                                               170,000                                                                                 Buildings                   $315,000                                Common stock                                  $255,000 Less: Accumulated                                                  Retained earnings                               750,000         depreciation          (60,000)       255,000               Total stockholders’ equity             $1,110,000 Trademarks                                     105,000                  Total liabilities and Total assets                                $1,385,000                    stockholders’ equity                $1,385,000 20. What is the total dollar amount of assets to be classified as current assets?

Chpt 5:  Harper’s accounting records show the following for…

Chpt 5:  Harper’s accounting records show the following for the year ending on December 31, 2024.  What is the cost of goods purchased? Accounting Category $ Amount Purchase Discounts $    11,200 Freight-In 15,600 Purchases 700,020 Beginning Inventory 47,000 Ending Inventory 57,600 Purchase Returns and Allowances 12,800