The following financial statement information is from five separate companies:

	Company A	Company B	Company C	Company D	Company E
December 31, 2014
Assets. . . . . . . . . . . . . . . . . . . . . . . . .	$55,000	$34,000	$24,000	$60,000	$119,000
Liabilities . . . . . . . . . . . . . . . . . . . . . .	24,500	21,500	9,000	40,000	?
December 31, 2015
Assets. . . . . . . . . . . . . . . . . . . . . . . . .	58,000	40,000	?	85,000	113,000
Liabilities . . . . . . . . . . . . . . . . . . . . . .	?	26,500	29,000	24,000	70,000
During year 2015
Owner investments . . . . . . . . . . . . . .	6,000	1,400	9,750	?	6,500
Net income (loss) . . . . . . . . . . . . . . .	8,500	?	8,000	14,000	20,000
Owner cash withdrawals . . . . . . . . .	3,500	2,000	5,875	0	11,000

Required

1. Answer the following questions about Company A:$~~~~$a. What is the amount of equity on December 31, 2014?$~~~~$b. What is the amount of equity on December 31, 2015?$~~~~$c. What is the amount of liabilities on December 31, 2015?
2. Answer the following questions about Company B:$~~~~$a. What is the amount of equity on December 31, 2014?$~~~~$b. What is the amount of equity on December 31, 2015?$~~~~$c. What is net income for year 2015?
3. Calculate the amount of assets for Company C on December 31, 2015.
4. Calculate the amount of owner investments for Company D during year 2015.
5. Calculate the amount of liabilities for Company E on December 31, 2014.

Use the chart to identify key steps in the stock handling process.

The balance sheet should be prepared:

a. before the income statement and the statement of owner's equity

b. before the income statement and after the statement of owner's equity

c. after the income statement and the statement of owner's equity

d. after the income statement and before the statement of owner's equity

The following financial statement information is from five separate companies.

$$\begin{array}{lc} &\textbf{Company V}&\textbf{Company W}&\textbf{Company X}&\textbf{Company Y}&\textbf{Company Z}\\ \text{December 31, 2018}\\ \qquad\text{Assets}&\text{\$\hspace{1pt}54,000}&\text{\$\hspace{1pt}80,000}&\text{\$\hspace{1pt}141,500}&\text{\$\hspace{1pt}92,500}&\text{\$\hspace{1pt}144,000}\\ \qquad\text{Liabilities}&\text{\hspace{5pt}25,000}&\text{\hspace{5pt}60,000}&\text{\hspace{10pt}68,500}&\text{\hspace{5pt}51,500}&\underline{\text{\hspace{15pt}?\hspace{15pt}}}\\[5pt] \text{December 31, 2019}\\ \qquad\text{Assets}&\text{\hspace{5pt}59,000}&\text{\hspace{1pt}100,000}&\text{\hspace{5pt}186,500}&\underline{\text{\hspace{15pt}?\hspace{15pt}}}&\text{\hspace{5pt}170,000}\\ \qquad\text{Liabilities}&\text{\hspace{5pt}36,000}&\underline{\text{\hspace{15pt}?\hspace{15pt}}}&\text{\hspace{10pt}65,800}&\text{\hspace{5pt}42,000}&\text{\hspace{10pt}42,000}\\[5pt] \text{During year 2019}\\ \qquad\text{Stock issuances}&\text{\hspace{10pt}5,000}&\text{\hspace{10pt}20,000}&\underline{\text{\hspace{15pt}?\hspace{15pt}}}&\text{\hspace{5pt}48,100}&\text{\hspace{10pt}60,000}\\ \qquad\text{Net income (loss)}&\underline{\text{\hspace{15pt}?\hspace{15pt}}}&\text{\hspace{10pt}40,000}&\text{\hspace{10pt}18,500}&\text{\hspace{5pt}24,000}&\text{\hspace{10pt}32,000}\\ \qquad\text{Cash dividends}&\text{\hspace{10pt}5,500}&\text{\hspace{10pt}2,000}&\text{\hspace{32pt}0}&\text{\hspace{5pt}20,000}&\text{\hspace{15pt}8,000}\\ \end{array}$$

Required

1. Answer the following questions about Company V. a. What is the amount of equity on December 31, 2018? b. What is the amount of equity on December 31, 2019? c. What is the net income or loss for the year 2019?
2. Answer the following questions about Company W. a. What is the amount of equity on December 31, 2018? b. What is the amount of equity on December 31, 2019? c. What is the amount of liabilities on December 31, 2019?
3. Compute the amount of stock issuances for Company X during 2019.
4. Compute the amount of assets for Company Y on December 31, 2019.
5. Compute the amount of liabilities for Company Z on December 31, 2018.

At December 31, Folgeys Coffee Company reports the following results for its calendar year.

Cash sales $900,000

Credit sales 300,000

Its year-end unadjusted trial balance includes the following items.

Accounts receivable$ 125,000 debit

Allowance for doubtful accounts 5,000 debit

Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be 0.5% of total sales.

The following financial statement information is from five separate companies:

Required

1. Answer the following questions about Company V:$~~~~$a. What is the amount of equity on December 31, 2014?$~~~~$b. What is the amount of equity on December 31, 2015?$~~~~$c. What is the amount of liabilities on December 31, 2015?
2. Answer the following questions about Company W:$~~~~$a. What is the amount of equity on December 31, 2014?$~~~~$b. What is the amount of equity on December 31, 2015?$~~~~$c. What is net income for year 2015?
3. Calculate the amount of assets for Company X on December 31, 2015.
4. Calculate the amount of owner investments for Company Y during year 2015.
5. Calculate the amount of liabilities for Company Z on December 31, 2014.

What was the high price and low price of the stock for the last 52 weeks?

Use information about the common stock for AK Steel.

What is the difference between this day's high price and low price?

Identify how each of the following separate transactions 1 through 10 affects financial statements. For increases, place a "+" and the dollar amount in the column or columns. For decreases, place a "_- and the dollar amount in the column or columns. Some cells may contain both an increase (+) and a decrease (-) along with dollar amounts. The first transaction is completed as an example.

For the statement of cash flows, identify how each transaction affects cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities.

Identify how each of the following separate transactions 1 through 10 affects financial statements. For increases, place a “+” and the dollar amount in the column or columns. For decreases, place a “−” and the dollar amount in the column or columns. Some cells may contain both an increase (+) and a decrease (−) along with dollar amounts. The first transaction is completed as an example. a. For the balance sheet, identify how each transaction affects total assets, total liabilities, and total equity. For the income statement, identify how each transaction affects net income. b. For the statement of cash flows, identify how each transaction affects cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities.

$$\begin{matrix} & \quad & \text{a.} & \quad & \quad & \quad & \quad & \text{b.} & \quad\\ \quad & \quad & \text{Balance Sheet} & \quad & \quad & \text{Income Statement} & \quad & \text{Statement of Cash Flows}\\ \quad & \text{Transaction} & \text{Total Assets} & \text{Total Liab.} & \text{Total Equity} & \text{Net Income} & \text{Operating Activities} & \text{Investing Activities} & \text{Financing Activities}\\ \text{1} & \text{Owner invests \$900 cash in business in exchange for stock} & \text{ +900} & \quad & \text{ +900} & \quad & \quad & \quad & \text{ +900}\\ \text{2} & \text{Receives \$700 cash for services provided}\\ \text{3} & \text{Pays \$500 cash for employee wages}\\ \text{4} & \text{Incurs \$100 legal costs on credit}\\ \text{5} & \text{Purchases \$200 of supplies on credit}\\ \text{6} & \text{Buys equipment for \$300 cash}\\ \text{7} & \text{Pays \$200 on accounts payable}\\ \text{8} & \text{Provides \$400 services on credit}\\ \text{9} & \text{Pays \$50 cash for dividends}\\ \text{10} & \text{Collects \$400 cash on accounts receivable}\\ \end{matrix}$$

Park Company reported the following March purchases and sales data for its only product.

Park applies a perpetual inventory system. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d ) LIFO. (Round per unit costs to three decimals, but inventory balances to the dollar.) For specific identification, ending inventory consists of 225 units, where 90 are from the March 30 purchase, 80 are from the March 20 purchase, and 55 are from beginning inventory.

The following financial statement information is from five separate companies.

1. Answer the following questions about Company A.

a. What is the amount of equity at the beginning of the year?

b. What is the amount of equity at the end of the year?

c. What is the amount of liabilities at the end of the year?

2. Answer the following questions about Company B.

a. What is the amount of equity at the beginning of the year?

b. What is the amount of equity at the end of the year?

c. What is net income for the year?

3. Compute the amount of assets for Company C at the end of the year.

4. Compute the amount of stock issuances for Company D during the year.

5. Compute the amount of liabilities for Company E at the beginning of the year.

Write a program that inserts the characters "******" in the exact middle of a string.

$$\begin{matrix} \text{Symbol} & \text{Stock} & \text{Aug.21 Last} & \text{Change} & \text{Change from Aug.20} & \text{Aug.20 Close} & \text{Volume in 100s} & \text{Volume in 1000s}\\ \text{ABC} & \text{American Bicycle Corp.} & \text{34.89} & \text{3.02} & \text{} & \text{31.87} & \text{12345} & \text{}\\ \text{DEF} & \text{Detroit Energy Fund} & \text{8.56} & \text{0.35} & \text{4.3} & \text{0} & \text{121} & \text{}\\ \text{GHI} & \text{General Hospital Incorporated} & \text{14.7} & \text{-0.28} & \text{0} & \text{14.98} & \text{8123} & \text{}\\ \text{JKL} & \text{Juniper Kansas Luxuries} & \text{121.45} & \text{-2.95} & \text{0} & \text{0} & \text{763542} & \text{}\\ \text{MNO} & \text{Middle Network Offices} & \text{75} & \text{} & \text{-0.6} & \text{75.45} & \text{2637} & \text{}\\ \text{PQR} & \text{Prince Queen Resalers} & \text{11.29} & \text{0.88} & \text{} & \text{} & \text{} & \text{239.478}\\ \text{STU} & \text{Southern Texas Underwriters} & \text{54.92} & \text{-3.37} & \text{} & \text{} & \text{} & \text{237554.2}\\ \text{VWX} & \text{Valley Windmill Xperience, Inc.} & \text{} & \text{} & \text{-1.83} & \text{64.88} & \text{} & \text{493004}\\ \end{matrix}$$

Write a formula that will convert the volume given in 100s into a volume given in 1000s. a. Juniper Kansas b. Detroit Energy.