Attached is a sheet of some accounting work. I have entered some of the answers if you could check them. Attached is the sheet

Exercise 10-3

Sarasota Corporation operates a retail computer store. To improve delivery services to customers, the company purchases four new trucks on April 1, 2017. The terms of acquisition for each truck are described below.

1.	Â	Truck #1 has a list price of $45,750 and is acquired for a cash payment of $42,395.
2.	Â	Truck #2 has a list price of $48,800 and is acquired for a down payment of $6,100 cash and a zero-interest-bearing note with a face amount of $42,700. The note is due April 1, 2018. Sarasota would normally have to pay interest at a rate of 9% for such a borrowing, and the dealership has an incremental borrowing rate of 8%.
3.	Â	Truck #3 has a list price of $48,800. It is acquired in exchange for a computer system that Sarasota carries in inventory. The computer system cost $36,600 and is normally sold by Sarasota for $46,360. Sarasota uses a perpetual inventory system.
4.	Â	Truck #4 has a list price of $42,700. It is acquired in exchange for 900 shares of common stock in Sarasota Corporation. The stock has a par value per share of $10 and a market price of $13 per share.

Prepare the appropriate journal entries for the above transactions for Sarasota Corporation. (Round present value factors to 5 decimal places, e.g. 0.52587 and final answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

No.	Account Titles and Explanation	Debit	Credit
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I have enter some of the answers, if you can check them to make sure they are correct. On the above exercise 10-3

 

 

 

 

 

Exercise 10-13

Presented below is information related to Marigold Company.

1. On July 6, Marigold Company acquired the plant assets of Doonesbury Company, which had discontinued operations. The appraised value of the property is:

Land	Â	$392,000
Buildings	Â	1,176,000
Equipment	Â	784,000
   Total	Â	$2,352,000

Marigold Company gave 12,500 shares of its $100 par value common stock in exchange. The stock had a market price of $175 per share on the date of the purchase of the property.

2. Marigold Company expended the following amounts in cash between July 6 and December 15, the date when it first occupied the building. (Prepare consolidated entry for all transactions below.)

Repairs to building	Â	$96,840
Construction of bases for equipment to be installed later	Â	132,190
Driveways and parking lots	Â	129,530
Remodeling of office space in building, including new partitions and walls	Â	163,280
Special assessment by city on land	Â	18,910

3. On December 20, the company paid cash for equipment, $304,800, subject to a 2% cash discount, and freight on equipment of $10,310.

Prepare entries on the books of Marigold Company for these transactions. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places e.g. 58,971. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

No.	Account Titles and Explanation	Debit	Credit
1.
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2.
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3.
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Exercise 11-6

Skysong Company purchased equipment for $251,090 on October 1, 2017. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $14,280. Estimated production is 39,800 units and estimated working hours are 20,300. During 2017, Skysong uses the equipment for 530 hours and the equipment produces 1,000 units.

Compute depreciation expense under each of the following methods. Skysong is on a calendar-year basis ending December 31. (Round rate per hour and rate per unit to 2 decimal places, e.g. 5.35 and final answers to 0 decimal places, e.g. 45,892.)

 

(a)	Â	Straight-line method for 2017	Â	$
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(b)	Â	Activity method (units of output) for 2017	Â	  Correct answer$
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 (c)	Â	Activity method (working hours) for 2017	Â	Correct Answer$
(d)	Â	Sum-of-the-years'-digits method for 2019	Â	$
(e)	Â	Double-declining-balance method for 2018	Â	$

 

 

 

 

 

 

 

 

 

Exercise 11-15

 

Exercise 11-15

On March 10, 2019, Coronado Company sells equipment that it purchased for $193,920 on August 20, 2012. It was originally estimated that the equipment would have a life of 12 years and a salvage value of $16,968 at the end of that time, and depreciation has been computed on that basis. The company uses the straight-line method of depreciation.

Compute the depreciation charge on this equipment for 2012, for 2019, and the total charge for the period from 2013 to 2018, inclusive, under each of the six following assumptions with respect to partial periods. (Round depreciation per day to 2 decimal places, e.g. 15.64 and final answers to 0 decimal places, e.g. 45,892.)

Â	Â	Â	Â	2012	Â	2013-2018 Inclusive	Â	2019
(1)	Â	Depreciation is computed for the exact period of time during which the asset is owned. (Use 365 days for the base and record depreciation through March 9, 2019.)	Â	$	Â	$	Â	$
(2)	Â	Depreciation is computed for the full year on the January 1 balance in the asset account.	Â	$	Â	$	Â	$
(3)	Â	Depreciation is computed for the full year on the December 31 balance in the asset account.	Â	$	Â	$	Â	$
(4)	Â	Depreciation for one-half year is charged on plant assets acquired or disposed of during the year.	Â	$	Â	$	Â	$
(5)	Â	Depreciation is computed on additions from the beginning of the month following acquisition and on disposals to the beginning of the month following disposal.	Â	$	Â	$	Â	$
(6)	Â	Depreciation is computed for a full period on all assets in use for over one-half year, and no depreciation is charged on assets in use for less than one-half year. (Use 365 days for base.)	Â	$	Â	Â	Â	Â