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1. Paid three months’ rent on a lease rental contract, $6,000.
2. Paid the premiums on property and casualty insurance policies, $2,400.
3. Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $2,700

The Devon Motor Company produces automobiles. On April 1st the company had no beginning inventories and it purchased 6,070 batteries at a cost of $85 per battery. It withdrew 5,600 batteries from the storeroom during the month. Of these, 100 were used to replace batteries in cars being used by the company’s traveling sales staff. The remaining 5,500 batteries withdrawn from the storeroom were placed in cars being produced by the company. Of the cars in production during April, 90 percent were completed and transferred from work in process to finished goods. Of the cars completed during the month, 30 percent were unsold at April 30th.

Required:

1. Determine the cost of batteries that would appear in each of the following accounts on April 30th.

Raw Materials ________

Work In Process________

Finished Goods________

Cost of Goods Sold_________

Selling Expense____________

TOPIC 2 DQ 4

What is the purpose of the American Constitution? Has the Constitution served that purpose well? Explain. 

Explain a person's attitude toward visiting Disney World in terms of the tricomponent attitude model.

Determine the elastic potential energy stored in a spring with a spring constant of 125 N/m that is compressed 0.75 m.

Determine the elastic potential energy stored in a spring with a spring constant of 50 N/m that is compressed 0.29 m

The Devon Motor Company produces automobiles. On April 1, the company had no beginning inventories, and it purchased 6,730 batteries at a cost of $115 per battery. It withdrew 6,200 batteries from the storeroom during the month. Of these, 100 were used to replace batteries in cars being used by the company’s traveling sales staff. The remaining 6,100 batteries withdrawn from the storeroom were placed in cars being produced by the company. Of the cars in production during April, 90 percent were completed and transferred from work in process to finished goods. Of the cars completed during the month, 30 percent were unsold at April 30.

Required:

1. and 2. Determine the cost of batteries that would appear in each of the following accounts on April 30 and select whether each of the accounts would appear on the balance sheet or on the income statement.

1. P & P Products issued $1,800,000 of face value bonds onApril 1, 2012. The bonds were sold for $1,908,000. They pay 8%interest each year on December 31st and come due in 10 years fromtheir date of January 1, 2012. The company uses the effectiveinterest methos to amortize any premium or discounts. The marketrate is 6%.

Required: Prepare a bond amortization schedule showing theinterest expense, interest payable/cash, amount of amortization andcarrying value of the bond for the first two years. Prepare entriesfor the issuance of the bonds and payment of interest for 2012 and2013. ( You can disregard years 3-10)

2. On January 1, 2012, P & P Products purchased $1,000,000of the five year, 8% bonds Delta Products in the open market for$960,00. Delta Products is a wholly-owned subsidiary of P & PProducts. THe bonds are dated and were issued by Delta Products onJanuary 1, 2010. The bonds pay interest every January 1st and July1st. The effective interest method is used for amortizationpurposes. The market rate is 10%.

Required: Make any necessary entries on Delta Productsbooks.

6) A student late to class runs at a constant 4.30 m/s to catch a bus. She reaches the bus stop 2.00 s after the bus starts from rest with an acceleration of 0.950 m/s2. Where and when does the student catch the bus?