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1.A single taxpayer, not head of household, with AGI of $23,493 and one dependent. A single taxpayer, not head of household, with AGI of $169,783 and no dependents. (Round your intermediate computations to 2 decimal places and final answer to the nearest dollar amount.) A married couple filing jointly with AGI of $39,945 and two dependents. A married couple filing jointly with AGI of $162,288 and three dependents. (Round your intermediate computations to 2 decimal places and final answer to the nearest dollar amount.) A married couple filing jointly with AGI of $301,947 and one dependent. (Round your intermediate computations to 2 decimal places and final answer to the nearest dollar amount.) A taxpayer filing married filing separately with AGI of $68,996 and one dependent. A qualifying widow, age 66, with AGI of $49,240 and one dependent. A head of household with AGI of $14,392 and two dependents. A head of household with AGI of $59,226 and one dependent.

2.Tamarisk started her own consulting firm, Tamarisk, Inc., on May 1, 2020. The trial balance at May 31 is as follows. Tamarisk, Inc. Trial Balance May 31, 2020 Credit Account Number 101 112 126 Debit $ 4,500 5.900 2,200 2,400 10,800 130 149 201 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense 209 $4,200 2.000 16,200 7,900 311 400 726 729 3,400 1,100 $30,300 $30,300 In addition to those accounts listed on the trial balance, the chart of accounts for Tamarisk, Inc. also contains the following accounts and account numbers: No. 150 Accumulated Depreciation-Equipment, No. 212 Salaries and Wages Payable, No. 631 Supplies Expense, No. 717 Depreciation Expense, No. 722 Insurance Expense, and No.732 Utilities Expense. Other data: 1. 2. 3. 4. $1,100 of supplies have been used during the month. Utilities expense incurred but not paid on May 31, 2020, $300. The insurance policy is for 2 years. $300 of the balance in the unearned service revenue account remains unearned at the end of the month. May 31 is a Wednesday, and employees are paid on Fridays. Nardelli Consulting has two employees, who are paid $1,000 each for a 5-day work week. The equipment has a 5-year life with no salvage value. It is being depreciated at $180 per month for 60 months. Invoices representing $1,600 of services performed during the month have not been recorded as of May 31. 5. 6. 7.
Prepare the adjusting entries for the month of May. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation May Supplies Expense 1,100 31 Supplies 1,100 May 31 Utilities Expense 300 Accounts Payable 300 May Insurance Expense 100 31 Prepaid Insurance 100 May 31 Unearned Service Revenue 1,700 Service Revenue 1,700 May 31 Salaries and Wages Expense 1.200 Salaries and Wages Payable 1.200 May 31 Depreciation Expense 180 Accumulated Depreciation-Equipment 180 May 31 Accounts Receivable 1,600 Service Revenue 1,600
(b) Your answer is partially correct. Enter the totals from the trial balance as beginning account balances. Post the adjusting entries to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) No. 101 Balance Ref Debit Credit ? 4,500 Cash Date Explanation May 31 Balance Accounts Receivable Date Explanation May 31 Balance No. 112 Ref Debit Credit Balance ? 5,900 Adjusting 14 1600 7500 May 31 Supplies Date No. 126 Balance Ref Debit Credit Explanation Balance May 31 ? 2.200 14 1,100 1100 May 31 Adjusting Prepaid Insurance Date Explanation May 31 Balance No. 130 Balance Ref Debit Credit ? 2.400 14 100 2300 No. 149 Balance Ref Debit Credit ? 10,800 May 31 Adjusting Equipment Date Explanation May 31 Balance Accumulated Depreciation -Equipment Date Explanation May 31 Adjusting No. 150 Ref Debit Credit Balance 14 180 180
No. 150 Ref Debit Credit Balance Accumulated Depreciation Equipment Date Explanation May 31 Adjusting Accounts Payable Date Explanation May 31 Balance 14 180 180 No. 201 Balance Ref Debit Credit ? 4.200 14 300 4500 No. 209 May 31 Adjusting Unearned Service Revenue Date Explanation May 31 Balance Debit Credit Balance Ref ? 2000 14 1,600 400 No. 212 Ref Debit Credit Balance 14 1,200 1,200 May 31 Adjusting Salaries and Wages Payable Date Explanation May 31 Adjusting Common Stock Date Explanation May 31 Balance Service Revenue Date Explanation May 31 Balance No. 311 Balance Ref Debit Credit ? 16,200 No. 400 Balance Ref Debit Credit ? 7,900 May 31 Adjusting 14 1,600 11.300 14 1.600 12.900 May 31 Adjusting Supplies Expense Date Explanation May 31 Adjusting No. 631 Balance Ref Debit Credit 14 2.200 2.200
No. 631 Balance Ref Debit Credit 14 2,200 2.200 Ref Debit Credit No. 717 Balance 180 14 180 Supplies Expense Date Explanation May 31 Adjusting Depreciation Expense Date Explanation May 31 Adjusting Insurance Expense Date Explanation May 31 Adjusting Salaries and Wages Expense Date Explanation May 31 Balance No. 722 Balance Ref Debit Credit 14 No. 726 Ref Debit Credit Balance 3.400 14 1,200 4600 No. 729 Balance Ref Debit Credit May 31 Adjusting Rent Expense Date Explanation May 31 Balance Utilities Expense Date Explanation May 31 Adjusting ? 1,100 No. 736 Balance Ref Debit Credit J4 300 300

3.Job Costs, Ending Work in Process During March, Aragon Company worked on three jobs. Data relating to these three jobs follow: Job 78 Job 79 Job 80 140 210 210 Units in each order Units sold 210 Materials requisitioned $1,029 $1,036 154 $2,352 336 Direct labor hours 231 Direct labor cost $2,002 $3,465 $3,226 Overhead is assigned on the basis of direct labor hours at a rate of $7.60 per direct labor hour. During March, Jobs 78 and 79 were completed and transferred to Finished Goods Inventory. Job 79 was sold by the end of the month. Job 80 was the only unfinished job at the end of the month. Required: 1. Calculate the per-unit cost of Jobs 78 and 79. Round your answers to the nearest cent. Job 78 per unit Job 79 per unit 2. Compute the ending balance in the work-in-process inventory account. Round your answer to the nearest cent. $
3. Prepare the journal entries reflecting the completion of Jobs 78 and 79 and the sale of Job 79. The selling price is 110 percent of cost. Round your answers to the nearest cent. Completion of Jobs 78 & 79 Sale of Job 79 (cost) Sale of Job 79 (sale) o .