Reference no: EM132079222
Questions -
Q1. Oxford Inc. issues $5.83 million, 5-year, 10% bonds at 103, with interest payable on January 1. The straight-line method is used to amortize bond premium.
(a) Prepare the journal entry to record the sale of these bonds on January 1, 2014.
(b) Prepare the journal entry to record interest expense and bond premium amortization on December 31, 2014, assuming no previous accrual of interest.
Q2. RL Photography reported net income of $190,700 for 2014. Included in the income statement were depreciation expense of $12,014, patent amortization expense of $7,628, and a gain on disposal of plant assets of $6,865. RL's comparative balance sheets show the following balances.
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12/31/14
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12/31/13
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Accounts receivable
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$40,047
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$51,489
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Accounts payable
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17,544
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11,442
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Calculate net cash provided by operating activities for RL Photography.
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Create competitive advantage and increase sales
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Explain effective approaches to the broad spectrum
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What is the net FUTA tax
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Describe three examples of the marketing concepts
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Prepare the journal entry to record interest expense
: Prepare the journal entry to record interest expense and bond premium amortization on December 31, 2014, assuming no previous accrual of interest
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When dealing with performance improvement plan
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Variable cost as waste allowance for all categories
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Have you ever made a purchase based on an ad
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Create a chart that depicts the timeline of the disbursement
: Using Microsoft Word or an equivalent such as OpenOffice, create a chart that depicts the timeline of the disbursement of the compensation.
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