Times interest earned Averill Products Inc. reported the following on the company’s income statement in 20Y8 and 20Y9:   20Y9 20Y8 Interest expense $440,000   $400,000   Income before income tax expense 5,544,000   4,400,000   a. Determine the times interest earned ratio for 20Y8 and 20Y9. Round to one decimal place.   20Y9 20Y8 Times Interest Earned fill in the blank 1   fill in the blank 2   b. Is the change in the times interest earned ratio favorable or unfavorable?

Subject: accounting

B

Compute for the amount of Revenue from Monthly clients.

Quiz: Accounting for Current Liabi... G Saved Help Save & Exit Submit Check my work Required information Cost of warranty program is probable 30s 0:00 / 2:06 XL 目 Knowledge Check 01 Maas, Incorporated, sells washers and dryers that include a maximum one-year warranty covering parts. Past experience shows that warranty expense averages about 2 percent of the selling price of each washer and dryer. Net sales totaled $400,000 during the year ending December 31. Prepare the December 31 adjusting entry for Maas by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. View transaction list Journal entry worksheet II F3 F4 F5 F7 F8 F10 F12 Finder LL DeX 114 & 3

Question 4: Us the information below to answer the following questions AR, Net of allowance for uncollectable accounts of 16 and 17 Partial Income statement Revenue COGS Gross Profit SG&A Expense Bad Debt Expense Pre Tax Income Other information Write offs were $9 and $14 in years 1 and 2, respectively There was a recovery of $2 in year 2 Year 1 140 Year 1 1,120 680 440 (350) (12) 78 Year 2 168 Year 2 1,480 720 760 (375) (13) 372 Question 4, Part 1: What entries did the firm make to the allowance for uncollectable accounts in year 1?

Payroll tax entries   Instructions Chart of Accounts First Question Journal       Instructions     According to a summary of the payroll of Guthrie Co., $770,000 was subject to the 6.0% social security tax and the 1.5% Medicare tax. Also, $42,000 was subject to state and federal unemployment taxes. Required: a. Compute the employer’s payroll taxes, using the following rates: state unemployment, 5.4%; federal unemployment, 0.6%. b. On December 31, journalize the entry to record the accrual of payroll taxes. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.     Chart of Accounts     CHART OF ACCOUNTS Guthrie Co. General Ledger   ASSETS 110 Cash 111 Accounts Receivable 112 Interest…

PreviousBalance AnnualPercentageRate (APR)(as a %) MonthlyPeriodicRate FinanceCharge(in $) Purchasesand CashAdvances PaymentsandCredits NewBalance(in $) $2,490.00  % 1  1 4 % $  $1,374.98 $300.00 $

Quiz History: On-line Test Ch. 9, 10&11 A Quiz: On- Question 23 2 pt Journalize this transaction: Payroll cost was $12,000, there was Federal Income Tax withheld of 1,200 and FICA withheld of $900 Edit View Insert Format Tools Table 12pt v Paragraph v BIU A v O words Question 24 2 pts

Attached is the question and information for question 1a and 2a part 2b