User Account

All Pages

Prepare the entries that would be recorded by oakbrook inc

Assignment Help Accounting Basics
Reference no: EM131113431

1. Notes Receivable Journal Entries On December 31, 2010, Oakbrook Inc. rendered services to Begin Corporation at an agreed price of $102,049, accepting $40,000 down and agreeing to accept the balance in four equal installments of $20,000 receivable each December 31. An assumed interest rate of 11% is imputed. Prepare the entries that would be recorded by Oakbrook Inc. for the sale and for the receipts and interest on the following dates. (Assume that the effective-interest method is used for amortization purposes.)

(a) December 31, 2010. 
(b) December 31, 2011.
(c) December 31, 2012.
(d) December 31, 2013.
(e) December 31, 2014. 

Reference no: EM131113431

Questions Cloud

Discuss the types of restrictions and limitations : Review and discuss the types of restrictions and limitations imposed by state and local governments. Present the arguments both for and against public smoking bans, including economic based arguments
Interest rate on the statement : 1) State r and t for: rate is 8.25%; time is 10 months. 2) Compute the amount of interest: $940.50 at 6.5% from October 12, 2013 to April 24, 2014. 3) Determine the deposit that must be made to earn $44.44 (interest) in 225 days at 3.15%.
Explain how resource-based competitive advantage drives : Explain how resource-based competitive advantage drives globalization strategies for Fortune 500 firms. Why are application of project management principles critical to effective business operations?
Examine and discuss the impact of biological health : Examine and discuss the impact of biological health or illness on social, psychological, and physical problems from the micro, mezzo, and macro perspectives.
Prepare the entries that would be recorded by oakbrook inc : Prepare the entries that would be recorded by Oakbrook Inc. for the sale and for the receipts and interest on the following dates. (Assume that the effective-interest method is used for amortization purposes.)
Explain the differences between types of diabetes : Explain differences between types of diabetes including type 1, type 2, gestational, and juvenile diabetes. Explain the short-term and long-term impact of this diabetes on patients including effects of drugs treatments.
Find the voltage induced in the armature : find the voltage induced in the armature, given that the number of parallel paths is equal to the number of poles for lap windings.
Construct a confidence interval : Construct a 95% confidence interval for, the difference between the mean number of commercials aired during prime time by the first network and the mean number of commercials aired during prime time by the second network.
Sample space for an experiment : Let S = {A, B, C} be the Sample Space for an experiment, and let E = {A, B}. It is known that outcome A is twice as likely to occur as outcome B. Find Pr[E | A] andPr[A | E].

Reviews

Write a Review

Accounting Basics Questions & Answers

  Approximate net present value of investment

The equipment will provide cost savings of $7,300 and will be depreciated straight-line over its useful life with no salvage value. Cleaners, Inc. requires a 10% rate of return. What is the approximate net present value of this investment?

  The following information pertains to tanzi company assume

the following information pertains to tanzi company. assume that all balance sheet amounts represent both average and

  The management of serpas corporation is considering the

the management of serpas corporation is considering the purchase of a machine that would cost 120000 would last for 4

  Any kind of assistance will be greatly appreciated looking

any kind of assistance will be greatly appreciated looking for outline or a template or example of one previously done

  How much of the distribution will be taxed as a dividend

During 200, Wiley distributed$12,000 cash to shareholders on April 1, and an additional $8,000 cash to shareholders on October 1. How much of the October 1 distribution will be taxed as a dividend to Wiley's shareholders? a. $0 b.$4,000 c.$5,000 d.6,..

  Record journal entries for the following transactions for

record journal entries for the following transactions for abc inc. during september 2008 no need to provide dates and

  The resistance with respect to the radius changes

The electric resistance of a wire is inversely proportional to the square of its radius. If a certain wire has a resistance of 0.30 Ω when its radius is 2.0 mm, find the average value of the resistance with respect to the radius changes from 2.0 m..

  Determine earnings from nonconsolidated subsidiary

a. Compute the net earnings remaining after removing nonrecurring  items. b. Determine the earnings from the nonconsolidated subsidiary. c. For the subsidiary that was not consolidated, what amount of income would have been included if this subsidi..

  Tim business entity

The following relates to Tim's Business entity, not Tim theowner. Tim's business prepares monthly bank reconciliations of his cheque account balance. The bank statement for August 2015 indicated the following:

  Austin company uses a job order cost accounting system the

austin company uses a job order cost accounting system. the companys executives estimated that direct labor would be

  Then calculate the present value the 200000 payment

eichelberger trucking won a settlement in a lawsuit and was offered four different payment alternatives by the

  Current company cash flow

Current company cash flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd