Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 07 Feb 2018 My Price 7.00

Hall Company

 

 

 

 

Problem 10-21      Product versus general, selling, and administrative costs

 

The following transactions pertain to 2012, the first year operations of Hall Company. All inven- tory was started and completed during 2012. Assume that all transactions are cash transactions.

 

1.     Acquired $4,000 cash by issuing common stock.

 

2.     Paid $720 for materials used to produce inventory.

 

3.     Paid $1,800 to production workers.

 

4.     Paid $540 rental fee for production equipment.

 

5.     Paid $180 to administrative employees.

 

6.     Paid $144 rental fee for administrative office equipment.

 

7.     Produced 300 units of inventory of which 200 units were sold at a price of $12 each.

 

Required

 

Prepare an income statement, balance sheet, and statement of cash  flows.

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 07 Feb 2018 01:02 AM My Price 7.00

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