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SpringFit Corporation You are an accounting intern working for Spring Fit Corporation. You have recently been...
You are an accounting intern working for SpringFit Corporation. You have recently been assigned to help...
You are an accounting intern working for SpringFit Corporation. You have recently been assigned to help one of the accountants who is doing an internal audit of the business. You will be assisting with a review of the payables issued by SpringFit Corporation. Your first task is to review the previous year’s journal entries, shown as follows: Journal Entries, Year 1 Journal Date Description Debit Credit Jan. 1 Cash 1,004,720 Premium on Bonds Payable 58,720 Bonds Payable 946,000 Jun. 30...
You are an accounting intern working for SpringFit Corporation. You have recently been assigned to help...
You are an accounting intern working for SpringFit Corporation. You have recently been assigned to help one of the accountants who is doing an internal audit of the business. You will be assisting with a review of the payables issued by Spring Corporation. Your first task is to review the previous year's journal entries shown as follows Journal Entries, Year 1 15 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT LARUTES EQUITY 1 Jan 1 Cash 1,008, 960.00 1...
SpringFit Corporation Bonds Payable 2015 Journal Entries Final Questions SpringFit Corporation DATE DESCRIPTION POST. REF. DEBIT...
SpringFit Corporation Bonds Payable 2015 Journal Entries Final Questions SpringFit Corporation DATE DESCRIPTION POST. REF. DEBIT Jan. 1 Cash 1,008,960.00 Premium on Bonds Payable 58,960.00 950,000.00 Bonds Payable Jun 30 Interest Expense 18.427.00 Premium on Bonds Payable 2.948.00 237500 Cash 1,921,280.00 Jul 1 Cash 78.720.00 Discount on Bonds Payable Bonds Payable 2,000,000.00 1,100,000.00 Oct.1 Cash Notes Payable 1.100,000.00 18,427.00 Dec 31 Interest Expense 2.948.00 Premium on Bonds Payable SpringFit Corporation Bonds Payable 2015 Journal Entries Final Questions SpringFit Corporation 1.100,000.00...
PLEASE HELP....Read the information carefully & (h. Interest expenses) is part on the assignment. Calculate Payroll...
PLEASE HELP....Read the information carefully & (h.
Interest expenses) is part on the assignment.
Calculate Payroll
K. Mello Company has three employees-a consultant, a computer
programmer, and an administrator. The following payroll information
is available for each employee:
Consultant Computer Programmer Administrator
Regular earnings rate $2,110 per week $36 per hour $46 per
hour
Overtime earnings rate Not applicable 2 times hourly rate 1.5
times hourly rate
Federal income tax withheld $925 $246 $515
For hourly employees, overtime is paid...
SpringFit Corporation Bonds Payable 20Y5 Journal Entries Final Questions SpringFit Corporation DATE DESCRIPTION POST. REF. DEBIT...
SpringFit Corporation Bonds Payable 20Y5 Journal Entries Final Questions SpringFit Corporation DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LABILITIES Jan. 1 Cash 1,008,960.00 Premium on Bonds Payable 58,960.00 Bonds Payable 950,000.00 Jun. 30 Interest Expense 18,427.00 Premium on Bonds Payable 2,948.00 Cash 21,375.00 Jul. 1 Cash 1,921,280.00 Discount on Bonds Payable 78,720.00 Bonds Payable 2,000,000.00 Oct. 1 Cash 1,100,000.00 10 1,100,000.00 Notes Payable 11 18,427.00 Interest Expense Dec. 31 12 2,948.00 Premium on Bonds Payable 13 SpringFit Corporation Bonds Payable...
Concord Corporation sold $2,950,000, 9%, 5-year bonds on January 1, 2022. The bonds were dated January...
Concord Corporation sold $2,950,000, 9%, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. Concord Corporation uses the straight-line method to amortize bond premium or discount. - Your answer is partially correct. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 103. (Credit account titles are automatically indented when amount is entered. Do not...
Sheffield Corporation sold $2,850,000, 6%, 5-year bonds on January 1, 2022. The bonds were dated January...
Sheffield Corporation sold $2,850,000, 6%, 5-year bonds
on January 1, 2022. The bonds were dated January 1, 2022, and pay
interest on January 1. Sheffield Corporation uses the straight-line
method to amortize bond premium or discount.
------------------------------------------------------------------------------------------------------------------------------------------
(1.) Prepare journal entries to record the issuance of
the bonds and bond interest expense for 2022, assuming that the
bonds sold at 95
(2.) Show the balance sheet presentation for the bond
issue at December 31, 2022, using the 107 selling
price....
. I just need part C completed. Problem 10-08A (Part Level Submission) Bramble Corporation sold $3,300,000,...
. I just need part C
completed.
Problem 10-08A (Part Level Submission) Bramble Corporation sold $3,300,000, 9%, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. Bramble Corporation uses the straight-line method to amortize bond premium or discount. (a) Your answer is correct. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 107. (Credit...
Bramble Corporation issued $540,000,7%, 20-year bonds on January 1, 2022, for $486,983. This price resulted in...
Bramble Corporation issued $540,000,7%, 20-year bonds on January 1, 2022, for $486,983. This price resulted in an effective-interest rate of 8% on the bonds. Interest is payable annually on January 1. Bramble uses the effective-interest method to amortize bond premium or discount. - Your answer is partially correct. Prepare the schedule using effective-interest method to amortize bond premium or discount of Bramble. (Round answers to 0 decimal places, e.g. 5,275.) Interest Periods Interest to Be Paid Interest Expense to Be...
Swanson Corporation issued $7,400,000 of 20-year, 8 percent bonds on April 1, 2013, at 102. Interest...
Swanson Corporation issued $7,400,000 of 20-year, 8 percent bonds on April 1, 2013, at 102. Interest is due on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2033. Swanson's financial year ends on December 31. Prepare the following journal entries: a. Prepare the journal entry at April 1, 2013, to record the issuance of the bonds. (Omit the "S" sign in your response.) Date General Journal Debit Credit...
You are an accounting intern working for SpringFit Corporation. You have recently been assigned to help one of the accountants who is doing an internal audit of the business. You will be assisting with a review of the payables issued by Spring Corporation. Your first task is to review the previous year's journal entries shown as follows Journal Entries, Year 1 15 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT LARUTES EQUITY 1 Jan 1 Cash 1,008, 960.00 1...
SpringFit Corporation Bonds Payable 2015 Journal Entries Final Questions SpringFit Corporation DATE DESCRIPTION POST. REF. DEBIT Jan. 1 Cash 1,008,960.00 Premium on Bonds Payable 58,960.00 950,000.00 Bonds Payable Jun 30 Interest Expense 18.427.00 Premium on Bonds Payable 2.948.00 237500 Cash 1,921,280.00 Jul 1 Cash 78.720.00 Discount on Bonds Payable Bonds Payable 2,000,000.00 1,100,000.00 Oct.1 Cash Notes Payable 1.100,000.00 18,427.00 Dec 31 Interest Expense 2.948.00 Premium on Bonds Payable SpringFit Corporation Bonds Payable 2015 Journal Entries Final Questions SpringFit Corporation 1.100,000.00...
PLEASE HELP....Read the information carefully & (h.
Interest expenses) is part on the assignment.
Calculate Payroll
K. Mello Company has three employees-a consultant, a computer
programmer, and an administrator. The following payroll information
is available for each employee:
Consultant Computer Programmer Administrator
Regular earnings rate $2,110 per week $36 per hour $46 per
hour
Overtime earnings rate Not applicable 2 times hourly rate 1.5
times hourly rate
Federal income tax withheld $925 $246 $515
For hourly employees, overtime is paid...
SpringFit Corporation Bonds Payable 20Y5 Journal Entries Final Questions SpringFit Corporation DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LABILITIES Jan. 1 Cash 1,008,960.00 Premium on Bonds Payable 58,960.00 Bonds Payable 950,000.00 Jun. 30 Interest Expense 18,427.00 Premium on Bonds Payable 2,948.00 Cash 21,375.00 Jul. 1 Cash 1,921,280.00 Discount on Bonds Payable 78,720.00 Bonds Payable 2,000,000.00 Oct. 1 Cash 1,100,000.00 10 1,100,000.00 Notes Payable 11 18,427.00 Interest Expense Dec. 31 12 2,948.00 Premium on Bonds Payable 13 SpringFit Corporation Bonds Payable...
Concord Corporation sold $2,950,000, 9%, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. Concord Corporation uses the straight-line method to amortize bond premium or discount. - Your answer is partially correct. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 103. (Credit account titles are automatically indented when amount is entered. Do not...
Sheffield Corporation sold $2,850,000, 6%, 5-year bonds
on January 1, 2022. The bonds were dated January 1, 2022, and pay
interest on January 1. Sheffield Corporation uses the straight-line
method to amortize bond premium or discount.
------------------------------------------------------------------------------------------------------------------------------------------
(1.) Prepare journal entries to record the issuance of
the bonds and bond interest expense for 2022, assuming that the
bonds sold at 95
(2.) Show the balance sheet presentation for the bond
issue at December 31, 2022, using the 107 selling
price....
. I just need part C
completed.
Problem 10-08A (Part Level Submission) Bramble Corporation sold $3,300,000, 9%, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. Bramble Corporation uses the straight-line method to amortize bond premium or discount. (a) Your answer is correct. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 107. (Credit...
Bramble Corporation issued $540,000,7%, 20-year bonds on January 1, 2022, for $486,983. This price resulted in an effective-interest rate of 8% on the bonds. Interest is payable annually on January 1. Bramble uses the effective-interest method to amortize bond premium or discount. - Your answer is partially correct. Prepare the schedule using effective-interest method to amortize bond premium or discount of Bramble. (Round answers to 0 decimal places, e.g. 5,275.) Interest Periods Interest to Be Paid Interest Expense to Be...
Swanson Corporation issued $7,400,000 of 20-year, 8 percent bonds on April 1, 2013, at 102. Interest is due on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2033. Swanson's financial year ends on December 31. Prepare the following journal entries: a. Prepare the journal entry at April 1, 2013, to record the issuance of the bonds. (Omit the "S" sign in your response.) Date General Journal Debit Credit...
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