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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.		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

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