Question 1

Jennifer's Company for thr year of 2019

Date Account Titles Ref Dr Cr
Jan-01 Cash 300000
Mortgage Notes Payable 300000

Jan-01 Annual Installment 50000

Cash 50000
(Paid Annual Installment: $50,000)

Jennifer's Company for the year of 2020

Date Account Titles Ref Dr Cr
Jan-01 Annual Installment 50000
Cash 50000
(First Annual Installment: $50,000)

Jennifer's Company for the year of 2021

Date Account Titles Ref Dr Cr
Jan-01 Annual Installment 50000
Cash 50000
(Second Annual Installment: $50,000)
 Bell Corporation
General Journal
Period 2020
Date Account CoA Ref Dr
1-Jan Investment $ 360,000
Cash $ 360,000

10-Jan Share Investment $ 660,000

Cash $ 660,000

Cash $ 45,000
Dividend Income $ 45,000

Cash $ 90,000
Dividend Income $ 90,000
Issue bonds 2000000 7% 10 years Date Description Ref
at 2147202 1 Cash
Market Rate 6% Bonds Payble

2 Interest Expense
Bonds Payble
Interest Payble

3 Interest Payble
Cash

4 Interest Expense
Bonds Payble
Interest Payble

5 Interest Expense
Bonds Payble
Interest Payble
Dr Cr Date Cash paid Interest expense
2147202
2147202 Dec 2020 140000 128832.12
Dec 2021 140000 128162.0472
128832.12
11167.88
140000
b Book Value =
140000 Premium =
140000 Total =

128162.047
11837.9528
140000

14720.2 C Straight-line Amortization

125279.8 14720.2
140000
Amortization/Discount Carrying Amount
2147202
11167.88 2136034.12
11837.9528 2124196.1672

2000000
147202
2147202
 Zaro Company
Financial Analysis
December 31, 2020
Ratios Unit 2020
Liquidity
Current Ratio Times 6.00
Acid-test ratio Times 3.27

Asset Management Begining

Account Receivable turnover Times/Years 4.9 Add : Net Income
Average Collection Period Days 73.9 Less : Dividend
Inventory turnover Times/Years 2.9 Ending
Days in inventory Days 127.1
Asset turnover Times/Years 0.8

Long-term debt-paying
Times interest earned Times/Years 5.25
Debt to asset ratio % 48.62%

Profitability
Profit Margin % 5.00%
Return on asset % 7.59%
Return on Equity % 23.53%
Asset turnover Ratio 1.518027
Earning per share Currency $ 0.308
Price earning ratio Ratio 6.50
Pay out ratio Ratio 1.45
 54000
Add : Net Income 20000
Less : Dividend 29000
45000
 Coco Company
Statement of Cashflows (Partial)
December 31
Cash flows from operating activities Free Cash flows
Cash Receipt
Customer $ 297,500
Gain $ 5,000
$ 302,500
Cash Disbursement
Payment for Inventory $ 24,250
Payment Operating $ 19,670
Payment Income Tax $ 37,720
Payment Interest $ 2,940
$ (84,580)
Cash flows from operating activities $ 217,920
= $ (154,000)
 Genius Company
Statement of Cash Flows
December 31 , 2020
Cash Flows from Operating Activities
Net Income $ 38,000
Add : Depreciation $ 12,000
Changes Account Receivable $ (20,000)
Changes Inventory $ (14,000)
Changes Account Payble $ (5,000)
Changes Interest Payble $ (1,000)
Changes income tax payble $ 10,000
Changes Prepaid $ (2,000)
Loss on Sale Equipment 6000
$ 24,000
Cash Flows from Investing
Purchase Equipment $ (10,000)
Sold Equipment $ 12,000

$ 2,000
Cash Flows from Financing
Issued Share $ 15,000
Dividend Paid $ (14,000)
Cash paid retire notes $ (34,000)
Bonds Payble $ 30,000
$ (3,000)
Net Increase Cash $ 23,000
Begining Cash $ 12,000
Ending Cash $ 35,000
Cost Equipment $ 30,000
Acc Depreciation $ (12,000)
BV $ 18,000
MV $ 12,000
Loss $ 6,000