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Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January.Date Face Amount Term Interest Rate5. Nov. 15 $54,000 60days 6%6. Dec. 27 $40,500 30days 4%
Note Due Date Interest Due At Maturity(5) Jan 14: $540(6) Jan 26: $135
What is the Interest Receivable and Interest Revenue?
Joe seeks your assistance in assessing these investment options. He has five particular concerns, as outlined below. 1. Regarding his photographic studio, which would be a bette
In June 2012 Company has supplied some goods to a customer on a sale on return basis. The value of the goods was Rs. 120,000. The company recorded this transaction as credit sale,
The dividend yield as well as capital growth for 2004 must be calculated with reference to the 2003 end-of-year share price. The dividend yield is 0·56% (100 × 2·8/500·8) as well a
The costs that follow were extracted from the accounting records of various different manufacturers: 1. Weekly wages of an equipment maintenance worker 2. Marketing costs
HOW TO RECORD INVENTORY AT NET REALISABLE VALUE ON JOURNAL
Illustrations of Income statement Profit/Loss on disposal of non-current assets Material write down or reversal of write down on assets e.g. PPE inventory and debtors.
Notsofast Inc. acquired land for $500,000 on 7/1/2010. It erroneously recorded the full amount as an expense. Explain what Notsofast must do when it discovers the error in 2011. Wh
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