3 Problem 2- Enter the appropriate adjustments in the yellow boxes. Write any notes you have beside (in Column D & to the right in green) 4 Add back an amount, deduct an amount, or put 0 if no reconciliation adjustment. 5 6 Net income (financial statements) 7 8 Adjustments to reconcile: 9 10 1. Income tax expense 11 2. Warranty 12 3. Financing share issuance costs 13 4. Instalment interest 14 5. Amortization expense 15 5.CCA 16 6. Yacht club dues 17 6. Meals & entertainment @ club 18 7. Christmas party 19 8. Meals for remote workspace employees 20 9. Accounts receivable reserve adjustment- for 2023 21 9. Accounts receivable reserve adjustment- for 2024 22 10. Convention costs 23 11. Site investigation costs 24 12. Donations 25 13. Landscaping costs 26 14. Pension 27 15. Bonuses 28 16. Interest expense amortization-bond 29 17. Interest costs on financed vehicle 30 18. Premiums on life insurance 31 19. Appraisal costs for real estate sale 32 33 Net income for tax purposes 34 35 100,500.00 100,500.00 Notes/work shown:

D10.

ok D Int = Print Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) 0 ferences # Short-term investments Accounts receivable Notes payable Percent Change = Short-term investments Accounts receivable Notes payable Type here to search Esc fo F1 1 X F2 $ Current Year $ 378,252 100,583 @ 2 0 Horizontal Analysis - Calculation of Percent Change Numerator: 1 Current Year F3 20 #m Prior Year $ 236,897 104,503 91,702 3 378,252 $ 100,583 F4 0 S4 Prior Year $ 236,897 104,503 91,702 F5 $ % 5 Denominator: Dollar Change F6 111,355 (3,920) (91,702) DELL F7 A Percent Change 29.4 % (26.7) % (100.0) % 6 F8 & 7 0 F9 * a 8 F10 9

← A Excel II Assignment_Data_1-1 B C D E F G Borrower's Loan Interest Payment 1 Name Amount rate years 2 James $22,500 8% 5 3 Mike $25,000 6% 5 4 John $31,000 8% 5 5 Elison $30,000 7% 5 6 Anna $35,000 8% 5 7 8 9 10 11 12 13 14 15 16 17 18 19 Monthly Payment

VOLTE If the difference between current assets and current liabilities is 67.2, bill payable 147.7, creditors 30, prepaid expenses 10, then what is the total current assets? Select one: Oa. All the given choices are not correct Ob. 187.70 Oc. 244.90 Od. 97.20 Oe. 254,90 Next page O O D 个

General Computers Inc. purchased a computer server for $65,500. It paid 25.00% of the value as a down payment and received a loan for the balance at 6.50% compounded semi-annually. It made payments of $2,400.41 at the end of every quarter to settle the loan. a. How many payments are required to settle the loan? o payments Round up to the next payment b. Fill in the partial amortization schedule for the loan, rounding your answers to two decimal places. Payment Number 0 11 Payment $0.00 $0.00 Interest Portion Principal Portion 50.00 50,00 SUBMIT QUESTION $0.00 50.00 Principal Balance $49.125.00 $0.00 $0.00

Required information ©lmage Source, all rights reserved. Knowledge Check 01 The times interest earned ratio is computed as: O interest expense times income before interest expense and income taxes. income before interest expense and income taxes divided by interest expense. income before interest expense divided by interest expense. O income before income taxes divided by income taxes. > F5 F4 F8 94 F7 F10 6- LL %23 2$ % 5. 9. 6. R

202.

Following the calculation for years 1 and 2, what would be the payment adjustments and loan balances for years 3 to 5? Replicate the numbers in the table.

Chapter 6 Practice Problem #6