fundamental accounting1, Accounting Basics

Assignment Help:
I''m trying to figure out how do do a journal entry. The question reads...a company purchased land worth $49,000 for an office by paying $6,300 in cash and signing a long term note payable for $42,700. How would u write that entry?

Related Discussions:- fundamental accounting1

An asset''s cost includes all normal and reasonable, An asset's cost includ...

An asset's cost includes all normal and reasonable expenditures necessary to get the asset in place and ready for its intended use. 01.) True 02.) False True or Fals

Recording private company credit card sales, Recording Private Company Cred...

Recording Private Company Credit Card Sales Goes to the individual company-not a bank. Treated as a sale on account. Credit card Company is responsible for collection of

T-Accounts, How would I plot these problems in a T-account? d. received app...

How would I plot these problems in a T-account? d. received applications from three students for a 4-week secretarial program and 2-students for a ten day keyboarding course. The s

Final accounts, stpes to be taken prepaing for final accounts

stpes to be taken prepaing for final accounts

Explain the dual aspect concept and materiality concept, Illustrate the sub...

Illustrate the subsequent Accounting Concepts: a) Dual Aspect concept b) Materiality concept c) Matching concept d) Conservatism concept

Corporations are subject to specific corporate tax rates, Corporations are ...

Corporations are subject to specific corporate tax rates different from those for individuals. True False

Explain merchandise in transit, Q. Explain Merchandise in transit? Mer...

Q. Explain Merchandise in transit? Merchandise in transit is merchandise in the hands of a shipment company on the date of a physical inventory. As stated above buyers should

The formula for computing additional paid-in capital, The formula for compu...

The formula for computing additional paid-in capital in excess of par is shares of stock times Saturday

Principles of Taxation for Business and Investment Planning, Compare and co...

Compare and contrast AICPA SSTS to Circular 230 related to knowledge of client''s omission.

Calculate the liability, XYZ Solutions Pvt Ltd purchased a new vehicle for ...

XYZ Solutions Pvt Ltd purchased a new vehicle for their employee Sonia to use for both work and private purposes on 1 November 2010.  The car cost $38,500 and they paid an extra $2

Write Your Message!

Captcha
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!

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