User Account

All Pages

Prepare journal entries required by white ltd to record

Assignment Help Accounting Basics
Reference no: EM132698954

White ltd enters into a contract to sell boat products to Fainga's Ltd for $600,000. The agreement allows Fainga's Ltd to pay a for these goods by four eaual instalments, the first instalment being required on delivery and the remainder to be paid by equal instalments every 6 months. The boat products are delivered to Fianga's Ltd on 1 Ianuary 2020. White Ltd determination that an appropriate discount rate for this transactions is 12% per annum.

Required:

Problem a: Prepare journal entries required by White Ltd to record transactions on:

1. 1 January 2020
2. 30 June 2020

Reference no: EM132698954

Questions Cloud

Concrete ways of measuring progress : Does each proposal contain concrete ways of measuring progress toward meeting the objectives. Discuss which proposal is best and why based on your analysis.
Explain the labor relations process : Explain the labor relations process and describe the biggest difference between managing employees in a unionized versus nonunion firm?
Compute the firms operating breakeven point : ODM normally sells 2,000 units per year, whereas CWI normally sells 2,500 units each year. Compute the firms operating breakeven point
What are the common characteristics of projects : What are the common characteristics of projects (as opposite from programs)? How do these characteristics increase the complexity and difficulty
Prepare journal entries required by white ltd to record : White ltd enters into a contract to sell boat products to Fainga's Ltd. Prepare journal entries required by White Ltd to record transactions on 1 January 2020
Human resource planning from different perspectives : Why is it important to look at both the manager and the employee points of view when engaging in human resource planning?
Provide the journal entries for cessar ltd on january : Provide the journal entries for Cessar Ltd on 1 January 2020. Rental payments made semi annually (commencing 1 Jan 2020 on delivery and payable 30/6)
What is LTW operating breakeven point : Lost Time Watch (LTW) Company manufactures watches that are sold for $200 each. What is LTW operating breakeven point
Find how machine would appear in the perth construction : How the machine would appear in the Perth Construction Company Balance Sheet on December 31, 2015, presuming the straight-line method of depreciation

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