User Account

All Pages

Make the General Journal entry for August

Assignment Help Accounting Basics
Reference no: EM132446540

Question - On August 1 2018 A Company entered into a capital lease and correctly recorded the leased asset and related obligation at $120,000. Annual interest rate implicit in the lease was 7% and the first lease payment of $1,700 is due at the end of each month for the lease. Make the General Journal entry for August 31 2018 monthly lease payment.

Reference no: EM132446540

Questions Cloud

CSC72003 Programming II Assignment : CSC72003 Programming II Assignment Help and Solution, Southern Cross University - Assessment Writing Service - Implement at least two locked doors to your game
Employer-sponsored benefits : Please answer this question. Please add a source if possible. Employer-sponsored benefits reflect the culture and business of the organization
Prepare the General Journal entry for August transaction : On August 1 2019 A Company reissued 700 shares of treasury stock at the going market rate of $18 per share. Prepare the General Journal entry for August
Why academic equity is important in classroom : Write an essay about why academic equity is important in classroom?Discuss whats the need for that and what are there impact
Make the General Journal entry for August : Annual interest rate implicit in the lease was 7% and the first lease payment of $1,700. Make the General Journal entry for August
Observing the structure and content of the article : Observing the structure and content of the article Comparing the content of the article to the recommended content of sections for a research study.
What is the dollar value of interest expense : On January 1 2018 A Company issues $180,000 face value, 5%, 10-year bonds at 101. What is the dollar value of interest expense
Project team for a rad-type project : Consider how you would organise your project team for a RAD-type project. What leadership practices would it require from the project leader
Opinion about the value of kind of arrangement : In a PRINCE2® project structure there are formal committees, a project board and specific roles. What is your opinion about the value of this kind

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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