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Journalize the transactions in Denver?'s general journal. Explanations are not required. ?(Record debits?first, then credits.)
2011 Jan 9 Purchased computer equipment at a cost of, signing a six month, 6% note payable for that amount. $9,000 jan 29 Recorded the week's sales of, three fourths on credit, and one fourth for cash. Sales amounts are subject to a 6% state sales tax. $64,000 Feb 5 Sent the last week's sales tax to the state. feb. 28 Borrowed on a four year, 10% note payable that calls for annual instalment payments plus interest. Record the current and long-term portions of the note payable in two separate accounts. $204,000 feb.10 $51,000 July 9 Paid the six month, 6% note, plus interest, at maturity. Aug 31 purchased inventory for $12,000, signing a six-month, 9% note payable. Dec 31 Accrued warranty expense, which is estimated at 2% of sales of $603,000. dec. 31 Accrued interest on all outstanding notes payable. Make a separate interest accrual for each note payable. 2012 Feb 28 Paid the first instalment and interest for one year on the four-year note payable. Feb 29 paid off the 9% note plus interest at maturity
For real property placed in service after 1986, depreciation under the MACRS system is calculated using the straight-line method and a half-year convention in the year of acquisition and in the year of disposition. 200% DB method and a mid-month conv..
How much cash was provided or used by operating activities? (The only noncash items in income are depreciation and the gain from the sale of the investment. The purchase and sale of investment are related.)
Calculate the earnings per share the company would report on the income statement assuming Ski Daddle had 100,000 shares of common stock outstanding during the year and paid preferred dividends of $15,000.
Sun estimates the fair value of the recourse liability at $150,000. Illustrate what would be recorded as a gain (loss) on the transfer of receivables?
Prepare cash budget from January to June. Determine the cash surplus and shortages for each month from January to June.
The City of Shipley maintains an Employee Retirement Fund; a single-employer, defined benefit plan that provides annuity and disability benefits. The fund is financed by a process that makes actuarially determined contributions from the city's Genera..
Prepaid expenses- insurance - Use the horizontal model or write the journal entry to record the payment of a one-year insurance premium of 3,000 on March 1.
Assume that on January 1, 2011, Weber Company issues bonds with a face value of $300,000 that pay 10 percent interest, semiannually (5 percent per period) and mature in 10 years. Assume that the market interest rate at the date of issuance is 6 perce..
Determine the following amount of materials price variance to be prorated to complete goods inventory at Dec. 31
calculation of difference between firms market value and book value per share.superior medical systems 2005 balance
On November 10, JumpStart Co. provides $2,000 in services to clients. At the time of service, the clients paid $730 in cash and put the balance on account. Journalize this event. If an amount box does not require an entry, leave it blank. Calculate t..
Journalize the adjusting entries below at year-end December 31, XXXX. Please share your supporting calculations for the adjusting entries requiring computations. The unadjusted balance of the Supplies account is $2,200. Calculate the overall overstat..
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