Welcome

Anti Essays offers essay examples to help students with their essay writing.

Sign Up

Federal Taxes and Management Decision Essay

Open Document

Below is an essay on "Federal Taxes and Management Decision" from Anti Essays, your source for research papers, essays, and term paper examples.

EXERCISE 10-1:
Item Land Land Building Other Accounts                            
Improvements
A                                                                                           ($275,000) Notes Payable
B                                                                       $275,000
C       $ 10,000
D             7,000
E                                                                             6,000
F                                                                           (1,000)
G                                                                           25,000
H         250,000
I               9,000
J                                     $ 4,000
K           11,000
L             (5,000)
M                                                                         13,000
N                                     19,000
O           14,000
P                                                                             3,000

EXERCISE 10-3:

  1) Truck #1 13,900
Cash 13,900.

  2) Truck #2 18,364*
Discount on Notes Payable 1,636
Cash 2,000
Notes Payable 18,000

  3) Truck #3 15,200
Cost of Goods Sold 12,000
Inventory 12,000
Sales 15,200

  4) Truck #4 13,000
Common Stock 10,000

Paid-in Capital in Excess of Par
(1,000 shares X $13 = $13,000; $13,000
less $10,000 par value) 3,000

EXERCISE 10-4:

Purchase
Cash paid for equipment, including sales tax of $5,000 $105,000
Freight and insurance while in transit       2,000
Cost of moving equipment into place at factory                               3,100
Wage cost for technicians to test equipment                                             6,000
Special plumbing fixtures required for new equipment                           8,000
Total cost $124,100

Construction
Material and purchased parts ($200,000 X .99) $198,000
Labor costs   190,000
Overhead costs     50,000
Cost of installing...

Show More


Citations

MLA Citation

"Federal Taxes and Management Decision". Anti Essays. 25 Mar. 2019

<https://www.antiessays.com/free-essays/Federal-Taxes-And-Management-Decision-435072.html>

APA Citation

Federal Taxes and Management Decision. Anti Essays. Retrieved March 25, 2019, from the World Wide Web: https://www.antiessays.com/free-essays/Federal-Taxes-And-Management-Decision-435072.html