AC 501 Unit 3 Homework Assignment
AC 501 Unit 3 Homework Assignment Click Below Link To Purchase http://www.foxtutor.com/product/ac-501-unit-3- homework-assignment Exercise 7-5 (Recognition of Profit for Long-Term Contracts) Andre Agassi Construction Company began operations January 1, 2008. During the year, Andre Agassi Construction entered into a contract with Lindsey Davenport Corp. to construct a manufacturing facility. At that time, Agassi estimated that it would take 5 years to complete the facility at a total cost of $4,500,000. The total contract price for construction of the facility is $6,300,000. During the year, Agassi incurred $1,185,800 in construction costs related to the construction project. The estimated cost to complete the contract is $4,204,200. Lindsey Davenport Corp. was billed and paid 30% of the contract price. Exercise 7-8 (Installment-Sales and Cost-Recovery Methods) Kenny Harrison Corp., a capital goods manufacturing business that started on January 4, 2008, and operates on a calendar-year basis, uses the installment-sales method of profit recognition in accounting for all its sales. The following data were taken from the 2008 and 2009 records. Exercise 8-9 (Computing Bad Debts and Preparing Journal Entries) The trial balance before adjustment of Reba McIntyre Inc. shows the following balances. Exercise 8-27 (Bank Reconciliation and Adjusting Entries) Angela Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. Exercise 9-12 (Compute FIFO, LIFO, Average-Cost-Periodic) Presented below is information related to Blowfish radios for Hootie Company for the month of July. Exercise 9-21 (Dollar-Value LIFO) Presented below is information related to Dino Radja Company.
AC 501 Unit 3 Homework Assignment
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Exercise 7-5 (Recognition of Profit for Long-Term Contracts) Andre
Agassi Construction Company began operations January 1, 2008. During
the year, Andre Agassi Construction entered into a contract with
Lindsey Davenport Corp. to construct a manufacturing facility. At that
time, Agassi estimated that it would take 5 years to complete the
facility at a total cost of $4,500,000. The total contract price for
construction of the facility is $6,300,000. During the year, Agassi
incurred $1,185,800 in construction costs related to the construction
project. The estimated cost to complete the contract is $4,204,200.
Lindsey Davenport Corp. was billed and paid 30% of the contract price.
Exercise 7-8 (Installment-Sales and Cost-Recovery Methods) Kenny
Harrison Corp., a capital goods manufacturing business that started on
January 4, 2008, and operates on a calendar-year basis, uses the
installment-sales method of profit recognition in accounting for all its
sales. The following data were taken from the 2008 and 2009 records.
Exercise 8-9 (Computing Bad Debts and Preparing Journal Entries) The
trial balance before adjustment of Reba McIntyre Inc. shows the
following balances.
Exercise 8-27 (Bank Reconciliation and Adjusting Entries) Angela
Lansbury Company deposits all receipts and makes all payments by
check. The following information is available from the cash records.
Exercise 9-12 (Compute FIFO, LIFO, Average-Cost-Periodic) Presented
below is information related to Blowfish radios for Hootie Company for
the month of July.
Exercise 9-21 (Dollar-Value LIFO) Presented below is information
related to Dino Radja Company.
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<strong>AC</strong> <strong>501</strong> <strong>Unit</strong> 3 <strong>Homework</strong> <strong>Assignment</strong><br />
Click Below Link To Purchase<br />
http://www.foxtutor.com/product/ac-<strong>501</strong>-unit-3-<br />
homework-assignment<br />
Exercise 7-5 (Recognition of Profit for Long-Term Contracts) Andre<br />
Agassi Construction Company began operations January 1, 2008. During<br />
the year, Andre Agassi Construction entered into a contract with<br />
Lindsey Davenport Corp. to construct a manufacturing facility. At that<br />
time, Agassi estimated that it would take 5 years to complete the<br />
facility at a total cost of $4,500,000. The total contract price for<br />
construction of the facility is $6,300,000. During the year, Agassi<br />
incurred $1,185,800 in construction costs related to the construction<br />
project. The estimated cost to complete the contract is $4,204,200.<br />
Lindsey Davenport Corp. was billed and paid 30% of the contract price.<br />
Exercise 7-8 (Installment-Sales and Cost-Recovery Methods) Kenny<br />
Harrison Corp., a capital goods manufacturing business that started on<br />
January 4, 2008, and operates on a calendar-year basis, uses the<br />
installment-sales method of profit recognition in accounting for all its<br />
sales. The following data were taken from the 2008 and 2009 records.
Exercise 8-9 (Computing Bad Debts and Preparing Journal Entries) The<br />
trial balance before adjustment of Reba McIntyre Inc. shows the<br />
following balances.<br />
Exercise 8-27 (Bank Reconciliation and Adjusting Entries) Angela<br />
Lansbury Company deposits all receipts and makes all payments by<br />
check. The following information is available from the cash records.<br />
Exercise 9-12 (Compute FIFO, LIFO, Average-Cost-Periodic) Presented<br />
below is information related to Blowfish radios for Hootie Company for<br />
the month of July.<br />
Exercise 9-21 (Dollar-Value LIFO) Presented below is information<br />
related to Dino Radja Company.
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