Student Guidance Report

Student Guidance Report

Ashford University ACC206
Guidance Report
Week Two
LISTEN TO AUDIO/VIDEO EXPLAINING THE GUIDANCE REPORTGuidance Report Download Date11/28/17Guidance Report Revision Date12/1/17
YELLOW INDICATES ACCOUNT AMOUNTS CHANGED
Change Account to:
Based Upon Course Start Date
Exercise/ ProblemAccount to be changedOriginal AmountJan-FebMar-AprMay-JunJul-AugSept-OctNov-Dec
Shares1000001100012000130001400015000100000
Share price$ 20$ 21$ 22$ 23$ 24$ 25$ 26
Ch 2 Ex 1
QuestionsYOUR ANSWERS BASED UPON COURSE START DATE
A. Cash
Common stock
Paid-in-capital
B. Cash
Common stock
Paid-in-capital
C. Cash
Common stock
Account to be changedOriginal Amount20X620X520X620X520X620X520X620X520X620X520X620X5
Ch 2 EX 3Preferred stock, $100 par value, 10%580000500000600,000500,000620,000500,000640,000500,000660,000500,000680,000500,000$ 700,000$ 500,000
Common par101112131415$ 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 3Account to be changedOriginal Amount
Jan 3, Common Shares sold50005,2005,4005,6005,8006,0006,200
Share price58626670747882
Attoney cost33003,6003,9004,2004,5004,8005,100
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 changedOriginal Amount12/31/X312/31/X212/31/X312/31/X212/31/X312/31/X212/31/X312/31/X212/31/X312/31/X212/31/X312/31/X2
Manufacturing costs549000551,000553,000555,000557,000559,000561,000
Sales759200761,600764,000766,400768,800771,200773,600
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 2Account to be changedOriginal Amount
Sales628000629000630000631000632000633000634000
Work in process, Jan. 156700577005870059700607006170062700
Advertising expense23500245002550026500275002850029500
Direct material purchases231500232500233500234500235500236500237500
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

file:///C:/Users/cpabi_000/Documents/ACC205%20Chapters/Produced%20videos/Guidance%20Report/Guid

Don't use plagiarized sources. Get Your Custom Essay on
Student Guidance Report
Just from $13/Page
Order Essay
Calculator

Calculate the price of your paper

Total price:$26
Our features

We've got everything to become your favourite writing service

Need a better grade?
We've got you covered.

Order your paper
Live Chat+1(978) 822-0999EmailWhatsApp