Category Archives: ACCT 559

DEVRY ACCT 559 Week 1 Homework latest

DEVRY ACCT 559 Week 1 Homework latest

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ACCT 559 Week 1 Homework latest

Problem 1-28

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

DEVRY ACCT 559 Week 6 Homework

DEVRY ACCT 559 Week 6 Homework

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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