Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Fixed Asset Purchases with Note: On June 30, Techcram Management Company purchased land for $350,000 and a building for $450,000, paying $400,000 cash and issuing a 6% note for the balance, secured by a mortgage on the property. The terms of the note provide for 20 semiannual payments of $20,000 on the principal plus the interest accrued from the date of the preceding payment. For a compound transaction, if an amount box does not require an entry, leave it blank.
a. Journalize the entry to record the transaction on June 30.
b. Journalize the entry to record the payment of the first installment on December 31.
c. Journalize the entry to record the payment of the second installment the following June 30.
This product is normally sold for $48 per unit. If Swisher increases its production to 50,000 units, while sales remain at the current 30,000 unit level.
Describe Parts I and II of the Foreign Corrupt Practices Act. What is the impact of this act on companies and public accountants? Explain.
classify each of the following items as belonging in the revenue expenditure human resourcespayroll production or
a corporation adopted the doalr value lifo method of inventory valuation on dec 31 2011. its inventory at that date was
Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $1.70.)
waterways markets a simple water control and timer that it mass-produces. during the year the company sold 696000 units
The office equipment has a 5-year life with no salvage value. It is being depreciated at $295 per month for 60 months. Invoices representing $1,005 of services performed during the month have not been recorded as of June 30. (a) Prepare the adjusting..
describe cash flows from financing activities and provide three examples of cash inflows and three examples of cash
Why did Congress establish favorable treatment for 1231 assets?
on the last day of the year xyz corporation made a nonliquidating distribution to jane its sole shareholder of 110000
Landry's Restaurants reported cost of goods sold of $322 million and accounts payable of $83 million for 2003. In 2002, cost of goods sold was $258 million and accounts payable was $72million. What was Landry's accounts payable turnover ratio in 2..
you purchased land 3 years ago for 55000 and believe its market value is now 105000. you are considering building a
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd