Information System Work

Student

Guidance Report

Guidance Report

/28/17

/1/17

0000

000

000

000

100000

Common stock
Paid-in-capital

Common stock

Account to
be changed Original
Amount

20X6 20X5 20X6 20X5 20X6 20X5 20X6 20X5 20X6 20X5

, $100 par value, 10%

0000

00

0,000

500,000

500,000

0,000

500,000

500,000

0,000

10 11 12 13 14 15

YOUR ANSWERS BASED UPON COURSE START DATE

Account to
be changed Original
Amount

5000

Share price 58 62 66 70

YOUR ANSWERS BASED UPON COURSE START DATE

Cash

Common stock

Cash

Preferred stock

Common stock
Paid-in-capital in excess of par common stock

Common stock
Paid-in-capital in excess of par common stock

shares issued and outstanding

Common stock
Preferred stock

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

YOUR ANSWERS BASED UPON COURSE START DATE

Manufacturing costs

Cost of goods manufactured

Cost of goods manufactured

Cost of goods sold

Sales

Cost of goods sold

Net income

Account to
be changed Original
Amount

expense

YOUR ANSWERS BASED UPON COURSE START DATE

Direct materials used

Sales
Cost of goods sold

Cost of goods manufactured

Cost of goods sold

Advertising

Utilities
Taxes
Insurance
Depreciation

Utilities
Taxes
Insurance
Depreciation

Net income

Ashford University ACC206
Week Two
LISTEN TO AUDIO/VIDEO EXPLAINING THE GUIDANCE REPORT Guidance Report Download Date 11 Guidance Report Revision Date 12
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 10 11000 12000 13 14 15
Share price $ 20 $ 21 $ 22 $ 23 $ 24 $ 25 $ 26
Ch 2 Ex 1
Questions YOUR ANSWERS BASED UPON COURSE START DATE
A.

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Cash
Common stock
Paid-in-capital
B. Cash
C. Cash
20X6 20X5
Ch 2 EX 3 Preferred stock 58 5000 600,000 500,000 62 640,000 66 680,000 $

70 $ 500,000
Common par $ 16
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
Jan 3, Common Shares sold 5,200 5,400 5,600 5,800 6,000 6,200
74 78 82
Attoney cost 3300 3,600 3,900 4,200 4,500 4,800 5,100
3-Jan
Paid-in-capital in excess of par common stock
Jan. 19
Paid-in-capital in excess of par- Preferred stock
4-Feb
Organization costs
Investment in art work
Stockholders Equity
Common stock, $1 par-value, authorized 10,000 shares,
shares issued and outstanding
Preferred stock,10%, $50 par, authorized 1000 shares
Total Capital Stock
Paid-in-Capital in excess of par:
Total Paid-in-Capital
Retained earnings
Total Shareholders Equity
Ch3 Ex 4
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
Cost of goods manufactured
Beginning work in process
Ending work in process
Cost of goods sold
Beginning finished goods
Ending finished goods
Net income
Operating expenses
Ch 3 Pb 2
Sales 628000 629000 630000 631000 632000 633000 634000
Work in process, Jan. 1 56700 57700 58700 59700 60700 61700 62700
Advertising 23500 24500 25500 26500 27500 28500 29500
Direct material purchases 231500 232500 233500 234500 235500 236500 237500
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 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
Beginning finished goods inv.
Goods available for sale
Less: Ending finished goods inv.
Gross profit
Operating expenses:
Selling expenses:
Sales staff salaries
Total selling expenses
Administrative expenses:
Total administrative exp.
Total operating expenses

file:///C:/Users/cpabi_000/Documents/ACC205%20Chapters/Produced%20videos/Guidance%20Report/Guidance%20Report.mp4

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