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create journal entries for the transactions accomplished in each month.
July 1999: Assume E&P issues at 97, 10-year term bonds with a par value of $800,000, dated January 1, 2012, and bearing interest at an annual rate of 10 percent payable semiannually on January 1 and July 1. Create journal entries to record the issuance.
August 1999: E&P issues 300 shares of $10 par value common stock for $4,500.
October 1999: E&P has an arrangement with schools and non-profits that E&P will provide a 3% volume discount to its customers if they purchase at least $10,000 in products during one month. On October 1, 1999, E&P has made sales of $7000 to San Quentin University (SQU). In the previous two months, E&P sold over $23,000 to SQU. If SQU fails to make the discount threshold, what entry will E&P have to make upon forfeit of the discount.
What is P&Gs strategy for success in the marketplace? Does the company rely primarily on a customer intimacy, operational excellence, or product leadership customer value proposition? What evidence supports your conclusion?
Evaluate the price and quantity variances and purpose Direct materials Price Variance Efficiency varianceLabor rate variance Labor Efficiency Variance and pass necessary comments.
The federal government, which owns a segment of the land at Moonstone, is fed up with this activity and has started to arrest your members when they appear naked at Moonstone. The Naturalist Association is going to court to proclaim a violation of..
Explain the rules to deduce the portion of the house used for business purposes; uncollectible accounts, losses on hobbies activities, and educational expenses.
Calculating Additional Finance Requirements and Average Collection Period and what amount will this increase in the average collection period increase the financing needed by the company over the next year?
the account balance was transferred to a bank paying 10%, and annual deposits of $6,000 were made at the end of each year from the seventh through the tenth years. What was account balance at the end of the tenth year?
Evaluate the company's break-even point in number of widebody passenger jets and in dollars of sales.
Colbert operates a catering service on the accrual method. When must Colbert recognize the income if his accounting methods are selected to minimize income recognition?
Which one would you choose and describe what is meant by the term,Internal Rate of Return.
gomez service company paid their first installment on their notes payable in the amount of 2,000. how wil this transaction affect the accounting equation?
Examine by the accumulated benefits approach the amount of Davenport’s annual retirement payments earned as of the end of 2011.
Fixed manufacturing overhead was $1 per unit in beginning inventory under absorption costing. Ending inventory was zero. Explain how many units did the company produce during the year?
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