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ACC206 Guidance Report Week Two Paper

ACC206 Guidance Report Week Two Paper

Student Guidance Report

Ashford University ACC206
Guidance Report
Week Two
LISTEN TO AUDIO/VIDEO EXPLAINING THE GUIDANCE REPORT Guidance Report Download Date 11/28/17 Guidance Report Revision Date 12/1/17
YELLOW INDICATES ACCOUNT AMOUNTS CHANGED
Change Account to:
Based Upon Course Start Date
Exercise/ Problem Account to be changed Original Amount Jan-Feb Mar-Apr May-Jun Jul-Aug Sept-Oct Nov-Dec
Shares 100000 11000 12000 13000 14000 15000 100000
Share price $ 20 $ 21 $ 22 $ 23 $ 24 $ 25 $ 26
Ch 2 Ex 1
Questions YOUR ANSWERS BASED UPON COURSE START DATE

 

BUY A PLAGIARISM-FREE PAPER HERE
A. Cash
Common stock
Paid-in-capital
B. Cash
Common stock
Paid-in-capital
C. Cash
Common stock
Account to be changed Original Amount 20X6 20X5 20X6 20X5 20X6 20X5 20X6 20X5 20X6 20X5 20X6 20X5
Ch 2 EX 3 Preferred stock, $100 par value, 10% 580000 500000 600,000 500,000 620,000 500,000 640,000 500,000 660,000 500,000 680,000 500,000 $ 700,000 $ 500,000
Common par 10 11 12 13 14 15 $ 16
YOUR ANSWERS BASED UPON COURSE START DATE
A. Preferred shares issued
B. Shares issued of common
B. Average issued price of common
C. Paid-in-capital increase
D. Legal capital increase
Ch 2 Pb 3 Account to be changed Original Amount
Jan 3, Common Shares sold 5000 5,200 5,400 5,600 5,800 6,000 6,200
Share price 58 62 66 70 74 78 82
Attoney cost 3300 3,600 3,900 4,200 4,500 4,800 5,100
YOUR ANSWERS BASED UPON COURSE START DATE
3-Jan
Cash
Common stock
Paid-in-capital in excess of par common stock
Jan. 19
Cash
Preferred stock
Paid-in-capital in excess of par- Preferred stock
4-Feb
Organization costs
Common stock
Paid-in-capital in excess of par common stock
Investment in art work
Common stock
Paid-in-capital in excess of par common stock
Stockholders Equity
Common stock, $1 par-value, authorized 10,000 shares,
shares issued and outstanding
Preferred stock,10%, $50 par, authorized 1000 shares
shares issued and outstanding
Total Capital Stock
Paid-in-Capital in excess of par:
Common stock
Preferred stock
Total Paid-in-Capital
Retained earnings
Total Shareholders Equity
Ch3 Ex 4
Account to be changed Original Amount 12/31/X3 12/31/X2 12/31/X3 12/31/X2 12/31/X3 12/31/X2 12/31/X3 12/31/X2 12/31/X3 12/31/X2 12/31/X3 12/31/X2
Manufacturing costs 549000 551,000 553,000 555,000 557,000 559,000 561,000
Sales 759200 761,600 764,000 766,400 768,800 771,200 773,600
YOUR ANSWERS BASED UPON COURSE START DATE
Cost of goods manufactured
Beginning work in process
Manufacturing costs
Ending work in process
Cost of goods manufactured
Cost of goods sold
Beginning finished goods
Cost of goods manufactured
Ending finished goods
Cost of goods sold
Net income
Sales
Cost of goods sold
Operating expenses
Net income
Ch 3 Pb 2 Account to be changed Original Amount
Sales 628000 629000 630000 631000 632000 633000 634000
Work in process, Jan. 1 56700 57700 58700 59700 60700 61700 62700
Advertising expense 23500 24500 25500 26500 27500 28500 29500
Direct material purchases 231500 232500 233500 234500 235500 236500 237500
YOUR ANSWERS BASED UPON COURSE START DATE
a. Prepare a schedule of cost of goods manufactured in good form.
Direct materials used
Beginning raw materials inventory
Net purchases
Direct materials available
Less: Ending raw materials inventory
Direct materials used
Direct labor
Factory overhead
Indirect materials used
Indirect labor
Utilities
Taxes
Insurance
Depreciation
Total manufacturing costs
Add: Beginning work in process inventory
Less: Ending work in process inventory
Costs of goods manufactured
Sales
Cost of goods sold
Beginning finished goods inv.
Cost of goods manufactured
Goods available for sale
Less: Ending finished goods inv.
Cost of goods sold
Gross profit
Operating expenses:
Selling expenses:
Advertising
Sales staff salaries
Utilities
Taxes
Insurance
Depreciation
Total selling expenses
Administrative expenses:
Utilities
Taxes
Insurance
Depreciation
Total administrative exp.
Total operating expenses
Net income

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ACC206 Guidance Report Week Two Paper