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Problem - Quick Print Press borrowed $20,000 from the Provincial Bank on May 25 at 7.5% and secured the loan by signing a promissory note subject to a variable rate of interest. Quick Print made partial payments of $5000 on July 10 and $8000 on September 15. The rate of interest was increased to 8% effective August 1 and to 8.5% effective October 1. What payment must Quick Print make on October 31 if, under the terms of the loan agreement, any interest accrued as of October 31 is to be paid on October 31?
nixon amp ross a law firm is about to install a new accounting system that will allow the firm to track more of the
Cramer Corp. sells idle machinery to Enyart Company on July 1, 2014, for $40,000. Prepare any other necessary journal entries for Cramer in 2014
Chicago Furniture Company produces combination desk and chair sets for the elementary schools in the Midwest. As the second quarter is progressing.
Lo-bed Company produced 4,000 units of product that required 4 standard hours per unit. Find the fixed factory overhead volume variance
Describe Which statement is false? An unrealized gain or loss on hold-to-maturity marketable securities is recognized in income.
How could the auditor have approached the problem in a way that might have encouraged cooperation from the client as well as reduced the cost of the audit?
on july 31 of the current year marjorie borrows 120000 to purchase a new fishing boat. the loan is secured by her
On october 1 2010 jordan reaquired 100 shares at $50. On november 1 2010 jordan reissued the 100 shares at $40. Jordan had no previous treasury stock transaction. Prepare jordan entries to record these transaction using the cost method.
For the year ended December 31, 2015, what is the largest item in reconciling the net income (or loss) to net cash provided by operating activities
to meet projected annual sales greenleaf manufacturers inc. needs to produce 75000 machines for 2012. the estimated
For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2015, financial statements immediately after the bonds are issued: Assume that a retired person has written to you (an investment adviser) askin..
A machine was bought on 1 April 2015 cost of 150,000 useful life of 10 years and residual value of 10,000. What will be the depreciation
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