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Ethan Allen Interiors and Swish Watch Company

See attached files for full details of two separate problems.

For Ethan Allen Interiors and Swish Watch Company, prepare accounting data and interpret results


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Please see the attached file

Part 1

a. Other assets 3,400
Cash 3,400

b. Cash 1,020
Contributed capital 1,020

c. Property, plant, and equipment 11,230
Cash 1,830
Long-term debt 9,400

d. Cash 310
Other assets 310

e. No effect Since only negotiations are conducted and no transaction

Part 2 and 3
Cash Receivable Inventories
Beg. 75,688 Beg. 32,845 Beg. 174,147
(b) 1,020 3,400 (a)
(d) 310 1,830 (c)
71,788 32,845 174,147

Prepaid Expenses and Other Current Assets Property, Plant, and Equipment Intangibles
Beg. 36,076 Beg. 293,626 Beg. 69,708
(c) 11,230
36,076 304,856 69,708

Other Assets Accounts Payable Wages and ...

Solution Summary

The solution explains the transactions and the financial statements for Ethan Allen Interiors and Swish Watch Company.