Chapter 10Chapter 11Chapter 12Appendix GChapter 10Chapter 11Chapter 12Chapters 8Accounting 200 - Exam 3 (final) Study GuideAppendix G Calculate present value of single sum  Calculate present value of an annuity Calculate future value of a single sum Calculate future value of an annuity Calculate the present value of a bond with semiannual interest paymentsChapter 10 Notes Payable (Appendix 10C)-Calculation of monthly interest expense for a loan with either monthly or annual payments -Journal entry for monthly or annual payment of interest and principal-Ending Note (mortgage) payable balance after payment of interest and principal Current liabilities (ex. Sales Tax, Unearned Revenue and Current Portion of Long-term Debt) & associated journal entries Short-term Notes Payable. Calculation of interest for full or partial year. Accrued interest expense journal entry at year end. Journal entry for paying N/P & interest. Bonds -Types of Bonds-Issuance of Bonds at face value, premium and discounts, journal entries, & impact on borrowing costs-Stated/contract/coupon rates vs. market/discount/effective rates-Journal entry to record accrued annual interest expense for premium & discount bonds (App 10B)-Carrying Value or Net realizable value-Journal entry to record the payment of annual interest for all bond issuances Contingent liabilitiesChapter 11 Characteristics of a Corporation Stockholders’ equity components Stock Issue Considerations (Par vs. No Par Value & journal entry to issue stock) Preferred stock journal entries & characteristics Treasury Stock – definition, journal entry, reasons to issue Shares Authorized, Issued, and Outstanding Dividends (cash & stock) and their effects on financial statements Stock Splits Retained Earnings/Deficits Balance sheet presentationChapter 12 Purpose & usefulness of Statement of Cash Flows Classification and summary of Cash Flows by activityInvesting, Operating, and Financing Activities1Calculating cash collected/paid (based on accounts receivable or accounts payableactivity)Cumulative MaterialChapters 1 – 4 Forms of business organizations & characteristics Financial statements & components & interrelationships: Income Statement, Statement of Retained Earnings, Classified Balance Sheet & all subsections Accounting Equation (A = L + SE), Expanded Accounting Equation, & calculating for unknowns Debit/Credit rules and normal balances Journal entries & adjusting journal entries (prepaid expense, unearned revenues, accrued expenses, accrued revenues) and impacts on accounts, accounting equation, and financials, & impact of failing to record Use of adjusted trial balanceChapter 7 No material from Chapter 7 will be covered on the final examChapter 6 Cost Flow Assumptions (FIFO, LIFO, Weighted Average methods)-Use each method to calculate Ending Inventory and/or Cost of Goods SoldChapter 5 Multiple-step income statement & all subtotals Using perpetual system of tracking inventory:-Journal entries to record steps in the purchasing process (purchase, return, & payment within discount period)-Journal entries to record sale of merchandise (sale, return, & receipt of payment within discount period)Chapter 8 Allowance for doubtful accounts: Estimating uncollectible amounts using percent of receivables and recording bad debt expenses. Write-off of uncollectible account. Net (or cash) realizable value of A/R. Short Term Notes Receivable: Calculation of interest for full or partial year. Accrued interest revenue journal entry at year end. Journal entry for collecting N/R & interest.Chapter 9 Capitalized cost of long-term assets (expenses vs. capitalized costs) Straight-line depreciation calculation (full year & partial year) Book value calculation Disposals: retirements and sales, gains and losses2Appendix G1. Sammy made a deposit of $10,000 at 9% annual interest. After 12 years she decided to withdraw the accumulated interest and principal. How much did she have when she made the withdrawal? 2. At the end of each year, John puts $12,000 in an account that pays interest of 5% compounded annually, what will be the balance of the account at the end of 15 years?3. Jake needs to know how much to invest today to get $5,000 three years from now to buy ascooter. He uses a discount factor of 6%. How much should he invest? 4. Scott has an investment that pays $20,000 every year for 10 years. He wants to liquidate the investment today to start a business. The current market interest rate is 8%. How much could he sell the investment for? 5. What is the sale or issuance price of the following $250,000 bonds: 10-year, 10% bonds, interest paid semi-annually. Market interest rate for such securities is 8%. 10-year, 10% bonds, interest paid semi-annually. Market interest rate for such securities is 12%.3Chapter 10Smith Co loans Johnson Co $500,000 on January 1, 2014. Terms: 6%, 10-month note; all principal and interest is to be paid Oct. 31, 2014.Johnson Co’s JE to Issue the Note Payable Adjusting JE on Johnson Co’s fiscal year end of June 30, 2014JE to pay the note with the interest that is due on October 31 2014On May 31st a store had cash sales of $30,000 and collected related sales taxes of $1,500. What is the journal entry that the store records?On Nov. 10th a team sold 10,000 season tickets for $600 each for its 10 game home schedule. The first game is played on Nov. 15th. What are the Nov 10th and Nov 15th journal entries? Nov. 1 0Nov. 15Bonds - Types of Bonds1.2.3.4.4Contract (Stated orCoupon) RateMarket (Discountor Effective) RateBond Issued at? (face value,premium, or discount)10% 12%10% 8%10% 10%JE to issue a $250,000 bond that sells at 103% (i.e. at 103)JE to issue a $250,000 bond sells at 97% (i.e. at 97)Effective Interest Method to amortize premium & discount GGG Company sold $2,000,000 of 8%, 10-year bonds on January 1, 2013, for $1,854,800.The current effective interest rate is 9.5%, and interest will be paid annually each January 1st. The effective-interest method of amortization is used. What is the journal entry to record the issuance (sale) of the bond?What is the journal entry to accrue interest expense on December 31, 2013?What is the journal entry to record the payment of interest on Jan. 1, 2014?What is the Carrying Value after 1 payment? 5Long-Term Notes PayableBBB Enterprises borrows