ACCT 559 ENTIRE COURSE


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ACCT 559 ENTIRE COURSE

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ACCT 559 ENTIRE COURSE

 

ACCT 559 Week 1 Homework

Problem 1-28

This template can be used to complete the identified problem. Note that "??" indicates you should fill in an appropriate answer.

 

 

ACCT 559 Week 2 Homework

 

 

ACCT 559 Week 3 Homework

 

 

ACCT 559 Week 5 Homework

 

 

ACCT 559 Week 6 Homework

P9-28, P10-34,

SENDELBACH CORPORATION

Ledgers for subsidiary as of December 31, 2013

Main Operation - Canada

Debit

Credit

(C$)

(C$)

Accounts payable

 

Accumulated depreciation

 

Buildings and equipment

 

Cash

 

Common stock

 

Cost of goods sold

 

Depreciation expense

 

Dividends paid, 4/1/13

 

Gain on sale of equipment, 6/1/13

 

Inventory

 

Notes payable - due in 2016

 

Receivables

 

Retained earnings, 1/1/13

 

Salary expense

 

Sales

 

Utility expense

 

Branch operation

 

Totals

 

Branch Operation - Mexico

 

Debit

Credit

(Ps.)

(Ps.)

Accounts payable

 

Accumulated depreciation

 

Buildings and equipment

 

Cash

 

Depreciation expense

 

Inventory (beginning-income statement)

 

Inventory (ending-income statement)

 

Inventory (ending-balance sheet)

 

Purchases

 

Receivables

 

Salary expense

 

Sales

 

Main office

 

Totals

 

Additional information:

 

Mexican building and equipment acquired

 

when one peso was worth C$.25

 

Mexican main office account (equity account)

 

balance on 12/31/13

 

Currency exchange rates for Mexican operation:

 

C$

Ps.

Weighted average, 2012

 

January 1, 2013

 

Weighted-average rate for 2013

 

December 31, 2013

 

Cumulative translation adjustment (credit) on

 

December 31, 2012 consolidated balance sheet

 

Subsidiary's common stock issued when

 

exchange was $.45=C$1

 

Subsidiary retained earnings at Dec. 31, 2012

 

Canadian dollar

 

Translated figure

 

Exchange rates for translation purposes:

 

US$

C$

January 1, 2013

 

April 1, 2013

 

June 1, 2013

 

Weighted-average for 2013

 

December 31, 2013

 

ACCT 559 Week 7 Course Project

 

 

ACCT 559 Week 7 Course Project Part 3

 

Questions & Answers

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