McGuire Company acquired 90 percent of Hogan Company on January 1, 2010, for $234,000 cash. This amount is reflective of Hogan's total fair value. Hogan's stockholders' equity consisted of common stock of $160,000 and retained earnings of $80,000. An analysis of Hogan's net assets revealed the following:

Book value Fair value

Buildings (10 year life) 10,000 8,000

Equipments ( 4 year life) 14,000 18,000

Land 5,000 12,000

Any excess consideration transferred over fair value is attributable to an unamortized patent with a useful life of 5 years.

In consolidation at December 31, 2010, what adjustment is necessary for Hogan's Buildings account?

A. $1,620 increase.

B. $1,620 decrease.

C. $1,800 increase.

D. $1,800 decrease.

E. No adjustment is necessary.

First, add accounts payable—j. c. hollings and accounts payable—craft bank from the transactions prepared in exam figure 2 to the chart of accounts in exam figure 1. next, open all ledger accounts using the form in exam figure 3. then, post the journal entries from exam figure 2 to the ledger accounts and balance each ledger account. be sure to post the balance of each account (from page 13 of the exam) before you post the transactions you just journalized. 12. after posting the journal entries to the ledger, what is the balance of the cash account? a. debit $4,056.82 b. credit $3,013.90 c. credit $1,042.92 d. debit $3,013.90 13. after posting the journal entries to the ledger, what is the balance of the equipment—store account? a. debit $4,500 b. credit $1,500 c. debit $8,000 d. credit $4,500 14. on may 3, what is the balance of the equipment—office account? a. debit $5,090 b. debit $690 c. debit $4,400 d. credit $5,090 15. what is the balance of the accounts payable—bellhaven bank account? a. debit $1,000 b. debit $4,000 c. credit $5,000 d. credit $4,000 16. after posting the journal entries to the ledger, what is the balance of the supplies account? a. debit $500 b. debit $542.92 c. 0 d. credit $542.92 17. after posting the journal entries to the ledger, what is the balance of the accounts payable—craft bank account? a. 0 b. credit $3,500 c. debit $3,500 d. credit 0 18. after posting the journal entries to the ledger, the opening balance of the p. woodsley—capital account was a. increased. b. decreased. c. unchanged. d. deleted. 19. what entry do you make in the post ref. column of the ledger to show that you posted the transactions from the journal? a. 1 b. j1 c. leave it blank d. 11 20. asset accounts are increased by a. entries to the debit side of the account. b. crediting a liability account. c. entries to the right side of the account. d. adding a credit entry to the account’s normal balance.

Required information [the following information applies to the questions displayed below.] the following data is provided for garcon company and pepper company. garcon company pepper company beginning finished goods inventory $ 13,800 $ 18,850 beginning work in process inventory 16,700 20,700 beginning raw materials inventory 8,800 13,500 rental cost on factory equipment 28,250 26,650 direct labor 22,400 37,400 ending finished goods inventory 17,300 14,300 ending work in process inventory 23,200 19,400 ending raw materials inventory 5,900 9,600 factory utilities 11,250 15,000 factory supplies used 10,900 5,700 general and administrative expenses 32,500 44,500 indirect labor 2,500 9,880 repairs—factory equipment 4,820 2,150 raw materials purchases 41,500 63,000 selling expenses 54,800 49,000 sales 238,530 317,510 cash 33,000 23,700 factory equipment, net 222,500 124,825 accounts receivable, net 13,400 23,950 required: 1. complete the table to find the cost of goods manufactured for both garcon company and pepper company for the year ended december 31, 2017. 2. complete the table to calculate the cost of goods sold for both garcon company and pepper company for the year ended december 31, 2017.

Adamson company manufactures four lines of garden tools. as a result of an activity analysis, the accounting department has identified eight activity cost pools. each of the product lines is produced in large batches, with the whole plant devoted to one product at a time. classify each of the following activities or costs as either unit-level, batch-level, product-level, or facility-level. activities (a) machining parts. (b) product design. (c) plant maintenance. (d) machine setup. (e) assembling parts. (f) purchasing raw materials. (g) property taxes. (h) painting.