On October 17, Nickle Company purchased a building and a plot of land for $615,600. The...

Question

Question

Answer 1

Answer #1

AArwer Giwen, Buliking 4nd Plot of land Rinchasel at $240100 @ $375,500 respectudy Down Payment Mode $51700 and the Nobes Pyg

Answer 2

Similar Homework Help Questions

V2.CenyayerW.COM [ On October 17, Nickle Company purchased a building and a plot of land for...

V2.CenyayerW.COM [ On October 17, Nickle Company purchased a building and a plot of land for $713,400. The building was valued at $378,100 while the land carried a value of $335,300. Nickle paid $58,200 down in cash and signed a note payable for the balance. Journalize the entry required for this transaction. If an amount box does not require an entry, leave it blank. Oct. 17 <
1) On October 10, Nickle Company purchased supplies for $1,800 on account. On October 25, Nickle...

1) On October 10, Nickle Company purchased supplies for $1,800 on account. On October 25, Nickle Company paid the invoice. Journalize the entries required for these transactions 2) On October 17, Nickle Company purchased a building and a plot of land for $750,000. The building was valued at $500,000, while the land carried a value of $250,000. Nickle paid $300,000 down in cash and signed a note payable for the balance. Journalize the entry required for this transaction. 3) On...
on October 17, nickel company purchased a building and a plot of land for $681,500 Instructions...

on October 17, nickel company purchased a building and a plot of land for $681,500 Instructions Chart Accounts Cena Instructions On October 17 Comurchased a busing and a lot of land for 1500 Thebung wa t endanda vo c ada Required Provide the only for the transaction to the Chart of our wong account

On October 10, Nikle Company purchased supplies for $1,800 on account. On October 25, Nikle Company...

On October 10, Nikle Company purchased supplies for $1,800 on account. On October 25, Nikle Company paid the invoice. a. Provide the journal entry for the purchase on account. If an amount box does not require an entry, leave it blank. Oct. 10 b. Provide the journal entry for the payment of the invoice. If an amount box does not require an entry, leave it blank. Oct. 25 Accounts Payable Accounts Receivable Cash Supplies Supplies Expense
On September 1, Erika Company purchased land for $47,500 cash. Provide the journal entry for this...

On September 1, Erika Company purchased land for $47,500 cash. Provide the journal entry for this transaction. If an amount box does not require an entry, leave it blank. Sept. 1 Accounts Payable Accounts Receivable Cash Land Rent Expense
On June 30, Collins Management Company purchased land for $480,000 and a building for $720,000, paying...

On June 30, Collins Management Company purchased land for $480,000 and a building for $720,000, paying $600,000 cash and issuing a 9% note for the balance, secured by a mortgage on the property. The terms of the note provide for 20 semiannual payments of $30,000 on the principal plus the interest accrued from the date of the preceding payment. If an amount box does not require an entry, leave it blank. a. Journalize the entry to record the transaction on...

On October 30, JumpStart pays $3,330 in dividends to its stockholders. Provide the journal entry for...

On October 30, JumpStart pays $3,330 in dividends to its stockholders. Provide the journal entry for this transaction. If an amount box does not require an entry, leave it blank. Oct. 30 Accounts Payable Accounts Receivable Cash Common Stock Retained Earnings
Sudoku Company issues 22,000 shares of $5 par value common stock in exchange for land and a building. The land is v...

Sudoku Company issues 22,000 shares of $5 par value common stock in exchange for land and a building. The land is valued at $227.000 and the building at $368,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building View transaction list View journal entry worksheet No Transaction General Journal Debit Credit Land Building
Cullumber purchased land and a building on April for 398,400. The company paid 123,600 in cash...

Cullumber purchased land and a building on April for 398,400. The company paid 123,600 in cash and signed a 5% note payable Problem 9-6A Cullumber Company purchased land and a building on April 1, 2019, for $398,400. The company paid $123,600 in cash and signed a 5 % note payable for the balance. At that time, it was estimated that the land was worth $159,000 and the building, $239,400. The building was estimated to have a 25-year useful life with...

Fixed Asset Purchases with Note On June 30, Collins Management Company purchased land for $320,000 and...

Fixed Asset Purchases with Note On June 30, Collins Management Company purchased land for $320,000 and a building for $480,000, paying $400,000 cash and issuing a 7% note for the balance, secured by a mortgage on the property. The terms of the note provide for 20 semiannual payments of $20,000 on the principal plus the interest accrued from the date of the preceding payment. If an amount box does not require an entry, leave it blank. a. Journalize the entry...