st 2 On September I Tristar signed a $4,000 noninteres-bearng abe o purchase exuipent. The ‘to 00 payment i due on September 1,202, Asse that 8% ea reasonable tees rae, ‘On Sepiember 15, ck was nates copcaton, Similar eck wee ling or $2,500, 4 On September 18th compay pid ts lawyer $300 fr organizing the corporat, S800 fcght chugs ao were pid 6, On December 2, Tristar acgies various toms of ofc equipment. The company was shor of rsh ane eld nt pa the $5500 norm sh pie. The spleen to cee 2 the organs a pe corn shares in xchat equipment The fava ofthe ck is ot ead determinable ‘On December 0 the compen acquired tact of and at cost of S200 pat? down Roque Prepare ural ents oscar each ofthe shove ans (0p Sanvary 1, 2023, the Blackstone Carponton pashased rat flan (te umber 11) with & ling for 00.00. Adon, Bschtoe pi area extt ross commision of $365.00, lea sof S000, nie osrance of $18,000. The losing sateen inated thatthe and ‘alc ws $50,000 andthe ung vale was S100000, Shor fer acgeston, he being 2023 forthe consiton ofa ce lingo lund te 1. The lig ws compte 2 apedon September 30,202, ddlonl construction cous wee lncaed a follows To finance the eamrtion cst, Blacsoneborawed $3,000,000 on Marc 2028, The oan is payee in 10 zonal instalments of $300.00 pls iret a thet of 14, Blackstone's eer ge amount of cule ulin consrutonexpeaitues were s flows agra: 1 Pres schedule hat dsclose tbe individual costs making up the balance inthe tnd acount inrespect of land sie 1 of September 30,200, 2 pare a sched ht dscoses the individual oss that shoal be captain the office The plant sat and acon depreciation acount of Pll Corpo om ad the flog “csacsons ring 2023 wee 0 fll 4 OnJanury2, 202, chiney ddesuipent were prcised atone cot of 260,00 hich int 85,50 shugo for rine ntltion On mar, 223, x msn chased fr 58,00 2009 ras od S480, Det ton recoded hg te dat of skal 24550sono were nace wo sepave parking ats ot P's lag py darge case by severe wine wea Pi an exising tigi xn eee 20 Plu of nd wih in 30,00 of ts ria sare ly afer seis, he bing 6 ave cod ain sonst i 20 Con May 1, 2023. expeni The work was Bes fr got 50. The va oe for $15,280 cas and trade-in al Sr ie ot somo em fd tote Was SA ati pashased ‘hovel Deemer 31, 2023. ted te plan sit i ree anges in exch ofthe Trcjar shes elyang he! : sapporing oP. in rss oes ase pst at Nol she Hens Copenion seomenecd persia 22, A inet rs és 1023 that were debited to one account called Ieee moet ths acount atthe end of 2023 lOWs (Quoest lane inhi act att _ cry se cb cit TR Te yond te pte wee DOE tse corp-vasse a ass onthe 3 ce eer dhe intangible asset account and to Set Preah neces ne pes oft an exes nt es coments: Ala beagles We Fe ag ft bason Company spe 512.000 ing ae a sringement suit and paid the carousel Conpay ot putin 1h Mach, te Ceanay Landon tous a2 Soo easing NE mesg ° ne of $18,000 in isl sore 4. On June 1, the Jamsen Corporat ste th sprinkler syste 512,00 in fega fs in Nove‘Secon Tie oan anies 912 Carnes Elecvoes ells comer letras that Garry a 0-day manufetre’ waranty. Ah Entored tine ot pcha cimtmer ve offered the opportniy 0 also By 2 wo-year extended aca Cnarentes forsnaddona charge. During the yest, Ceres ceived 412,00 for these extend wart Ot02-8.nd _ppoimnely evenly hroughou the yeu) 1 Dac th uation epresent provision? Why oe why nt? How shoul ite accounted fa 2, Prope journal enies cht smnmuriz sales th extended warranties same al crest a ral any saps of the warn hat shoal De ecerde during the yea 0-19 Sound Anti marufcres and sls woo einen utomobils gine roid mal Corcmoent— agomntin Decent 202 ofa it lw nah ampli tht poss pote fie ara A ceomcse TES aoa ht dt eal rly ceri, sina 10 cosh a predut tocol pny $2 milion, The fine ear enc on Decombe 3 Oto%-3=04 peaee 109-6 Shou this oe te ace shox nor it? Expl. 2 Wo ifr. hud Sound Ao eprint 2022 incon salen? 3) What lab. any shel Sound Ati repr ints 202 saement of Sani posta 4 Prepare any jour etry wee 9-34 ALA, 2023 dhe Easement Protection Agen, goverment pe in eo care ea inverting pestle comical ast Jonata fit ofS Laman. The EPA i ease popet a peal assesoment, Shs ial yar eds on December 31, 202, The ca Gtoo enon statement e pbshe ie Api 03 evens fhe following ceoaros, deere the appre way rept the sat Yourreasoning and prepare ny neesary ural ay. Nasagmeat rs ascents pase anf an sessment ma ance Mangere ec ses i posible anf asessment is made enor Management fl an assessment is probable and if an assessment is made a0 union 4, Manageraat el on asessment sprue, ad ifan assessment mad a thom of $13 ions probe 9-15 The folowing stad transactions rae to Classe Too! Makers which begat (Scns uy 2022_Chsnca' nani year ens on Deceber 3, uni taemens a ‘ovina | Reure ggricaences rear pier eto or ay aun tse weal Chane products cary sone oar warranty agaist manufrs eto. ‘psexpercnce, waranty cots expt 0 apeotimate 4% of ales. Sas (Geren for 2022 Acton wasn expenlares were $30,800 and wees Treceue 222, sate fed su aginst Clas, seeking penis tr ows On Japucy 23,202, Clusia reached a setdement wih st aoe tile in poral. ‘Casal th pin na ion avout ile agaist spp: The Sod lenyes svn thai ily certain that Clsial wil win the 24, tn Noverber 2022, Chssicl hacame sae of «desi aw nan insist pos Peal eles hvard. A pc real pear naib Sich an acon wea key ‘cont the conpary $500,000 9-16 Indicate by eae) dhe mt key Way ech ofthe items ite cow shuld be reported in state Piesosuos of ment of fmol poston at Dect 31, 2022, (0109-1 waieee os-s \Woomier Laon Pret inuedaced ane ine f commercial sprinkles n 2021 that carr ame ese warrant aginst manufacturers defects, Because is asthe ist prod wich he com ry tered. waranty, ale pblcaons were conse tern he experience of thr ia {he Indy. Raed on tha experience, warranty oonts were expected to appt 2% of ace, Sales ofthe srinklers i 2021 nee $25 mio, Acco, the following emis flan to th Provision for waranty oss were receded ring the fist yer of seling the pret cw apes yy In ate 202, te company’s laine experince wat ead and twas dete wer fr more tsa expeted 3% fel ator than 1 Assuming sles of he srinkes in 2022 were $26 milion and waranty expences 2022 ‘aed S88 O00, prepare any joel ets eae othe warranty 2. Assuming sales ofthe spikes wore conned tr 2021 prepare say journal ety) in 202 related tothe wartyExpress the bonus formula sone or more algebraic equations 2 Using these formulas calclate the anoant f the bonis, 3. Proparethe ajusing entry torso the bonus compensation, 44 Bonus arangemeats ake many forme, Suppose the onus species that he bonus is 10% ofthe division's income before ta, but afer the bona itself. Calculate the amount ofthe "astern Manicuring involved with several stations that pohly imvelve contingencies. Fach Js described below. Eastern’ mail year ends on Deserber 31 and he 2022 Fane ste ‘mente are eso on March 15,2023, 2 stern nwo ino lawsut esting fos a dapte with suplir. On Febuary 3,202 Judgment was rere paint Haste in he amount of $1DT mon pi interest, of $122 milion. Estee plans to appeal he agen ands vuble oped atone hgh itis not expected o have nial avec effort onthe compan. In November 221, Sate fied sut pant Faster, secking vl penais a injotve ele fe violations of environmental ays reglating hazardous waste. Om Janay 122023, astern reached a setement with sate authors, Based yp discussions wih legal counsel, the oman fst probab that $140 lon wil be ogied to one he cst of vin, Ensen lives tha the uta seulement f this clam wil nt havea material adverse ect onthe company, asc the pli ins $200 milion Iwi ie against ital Stel or damages doe to Tost profits fo rected contracts and for aad receivables. The cas Is in ind ppl and legal coun vines tht its pole that Eastern wl preva and be warded $100 milion, [At March 15,2023, the Envoamental Proecton Agenc) a overament apency in the po es of unesigating posible so contamination a vriows locations of several ome ‘ding Eastern. The HPA hss not yt propose penalty atsesement. Management fl an ‘ssesoment is poss, and fan aseseent is made an unfavorable setiement of ap 0 $33 ‘lions posste Pogues 1 Determine the appropriate meas of epost eich situation Explain your resins 2. Prepare any noone joa erie and dsclosat oe The Heisich Tire Company recalled ir ints sibompec linen Deceer 2022. Cos ss ned withthe all were renal thooght to aprotic $50 min. Now, howe while management fel it is probable the company wil inc subteilcoet al isso iste {hat S80 milion ean excessive amount, ‘Base on pistes th ny, minagemient has provided the following probabil dis ‘bution for the tals Aa sangeet wit consmia of distur oui tha al eal cons be et a the ead of 2023. The kre rat of nee ie 3