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ents due annually, on March 1. Each payment consists of $20,000 principal plus one year's interest....
Requirement 1. Journalize the transactions in the Emergency Pharmacies general journal. Round all answers to the...
Requirement 1. Journalize the transactions in the Emergency Pharmacies general journal. Round all answers to the nearest dollar. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Mar. 1, 2018: Borrowed $100,000 from Margate Bank. The five-year, 7% note requires payments due annually, on March 1. Each payment consists of $20,000 principal plus one year's interest. Date Accounts Debit Credit 2018 Mar. 1 100,000 Cash Notes Payable 100,000 1. Journalize the transactions in the...
Long-Term Liabilities 789 > Problems Group A P14-32A Journalizing liability transactions and reporting them on the...
Long-Term Liabilities 789 > Problems Group A P14-32A Journalizing liability transactions and reporting them on the balance sheet The following transactions of Johnson Pharmacies occurred during 2018 and 2019: Learning Objectives 1,5 2. Total Liabilities 5653,334 2018 Mar. 1 Borrowed $450,000 from Coconut Creek Bank. The 15-year, 5% note requires payments due annually, on March 1. Each payment consists of $30,000 principal plus one year's interest. Dec. 1 Mortgaged the warehouse for $250,000 cash with Saputo Bank. The mortgage requires...
More Info 2018 Mar. 1 Borrowed $525,000 from Naples Bank. The 15-year, 5% note requires payments...
More Info 2018 Mar. 1 Borrowed $525,000 from Naples Bank. The 15-year, 5% note requires payments due annually, on March 1 . Each payment consists of $35,000 principal plus one years interest. Mortgaged the warehouse for $150,000 cash with Sandi Bank. The mortgage requires monthly payments of $2,000. The interest rate on the note is 6% and accrues monthly. The first payment is due on January 1, 2019. Recorded interest accrued on the Sandi Bank note. Recorded interest accrued on...
> Problems Group A P11-31A Journalizing liability transactions and reporting sheet The following transactions of Smith...
> Problems Group A P11-31A Journalizing liability transactions and reporting sheet The following transactions of Smith Pharmacies occurred during 2016 and 2017: 2016 Mar. 1 Borrowed $240,000 from Naples Bank. The eight-year, 7% note requires payments due annually, on March 1. Each payment consists of $30,000 principal plus one year's interest. Dec. 1 Mortgaged the warehouse for $150,000 cash with Sawyer Bank. The mortgage requires monthly payments of $6,000. The interest rate on the note is 11% and accrues monthly...
> Problems Group A 12-32A Journaling liability transactions and reporting them on the balance Learning Objectives...
> Problems Group A 12-32A Journaling liability transactions and reporting them on the balance Learning Objectives 1,5 Mariborrowed 5450.000 from Coconut Creek Bank. The 15 years note requires payments due annually, on March 1. Each payment consists of $30.000 principal plus one year interest Dec. Mortgaged the warehouse for $250.000 cash with Saputo Bank. The mortgage requires monthly payments of $8,000. The interest rate on the notes 125 and accrues monthly. The first payment is due on January 1, 2019...
The following transactions of Emergency Pharmacies occurred during 2018 and 2019: (Click the icon to view...
The following transactions of Emergency Pharmacies occurred during 2018 and 2019: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the transactions in the Emergency Pharmacies general journal. Round all answers to the nearest dollar. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Mar. 1, 2018: Borrowed $100,000 from Margate Bank. The five-year, 7% note requires payments due annually, on March 1. Each payment consists of $20,000 principal plus...
1The bank notes, issued August 1, 2021, are due on July 31, 2022, and pay interest...
1The bank notes, issued August
1, 2021, are due on July 31, 2022, and pay interest at a rate of
12%, payable at maturity.
2 The mortgage note is due on March 1, 2022. Interest at 11% has
been paid up to December 31 (assume 11% is a realistic rate).
Manufacturing intended at December 31, 2021, to refinance the note
on its due date with a new 10-year mortgage note. In fact, on March
1, Manufacturing paid $260,000 in cash...
I need help with both please. Mar. 1. 2018: Borrowed $400,000 from Niceville Bank. The eight-year,...
I need help with both please.
Mar. 1. 2018: Borrowed $400,000 from Niceville Bank. The eight-year, 6% note requires payments due annually, on March 1. Each payment consists of $50,000 principal plus one year's interest. Date Accounts Debit Credit 2018 Mar. 1 Dec. 1. 2018: Mortgaged the warehouse for $450,000 cash with Sage Bank. The mortgage requires monthly payments of $4,000. The interest rate on the note is 9% and accrues monthly. The first payment is due on January 1,...
Problem 13-4 Various liabilities [LO13-1, 13-2, 13-3, 13-4] The unadjusted trial balance of the Manufacturing Equitable...
Problem 13-4 Various liabilities [LO13-1, 13-2, 13-3, 13-4]
The unadjusted trial balance of the Manufacturing Equitable at
December 31, 2018, the end of its fiscal year, included the
following account balances. Manufacturing’s 2018 financial
statements were issued on April 1, 2019.
Accounts receivable
$
97,250
Accounts payable
52,600
Bank notes payable
618,000
Mortgage note payable
1,334,000
Other information:
The bank notes, issued August 1, 2018, are due on July 31,
2019, and pay interest at a rate of 15%, payable...
4 The unadjusted trial balance of the Manufacturing Equitable at December 31, 2018, the end of...
4
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2018, the end of its fiscal year, included the following account balances. Manufacturing's 2018 financial statements were issued on April 1, 2019 Accounts receivable Accounts payable Bank notes payable Mortgage note payable $ 103,000 41,000 658,000 1,345,000 Other information: a. The bank notes, issued August 1, 2018, are due on July 31, 2019, and pay interest at a rate of 12%, payable at maturity. b. The mortgage note...
Requirement 1. Journalize the transactions in the Emergency Pharmacies general journal. Round all answers to the nearest dollar. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Mar. 1, 2018: Borrowed $100,000 from Margate Bank. The five-year, 7% note requires payments due annually, on March 1. Each payment consists of $20,000 principal plus one year's interest. Date Accounts Debit Credit 2018 Mar. 1 100,000 Cash Notes Payable 100,000 1. Journalize the transactions in the...
Long-Term Liabilities 789 > Problems Group A P14-32A Journalizing liability transactions and reporting them on the balance sheet The following transactions of Johnson Pharmacies occurred during 2018 and 2019: Learning Objectives 1,5 2. Total Liabilities 5653,334 2018 Mar. 1 Borrowed $450,000 from Coconut Creek Bank. The 15-year, 5% note requires payments due annually, on March 1. Each payment consists of $30,000 principal plus one year's interest. Dec. 1 Mortgaged the warehouse for $250,000 cash with Saputo Bank. The mortgage requires...
More Info 2018 Mar. 1 Borrowed $525,000 from Naples Bank. The 15-year, 5% note requires payments due annually, on March 1 . Each payment consists of $35,000 principal plus one years interest. Mortgaged the warehouse for $150,000 cash with Sandi Bank. The mortgage requires monthly payments of $2,000. The interest rate on the note is 6% and accrues monthly. The first payment is due on January 1, 2019. Recorded interest accrued on the Sandi Bank note. Recorded interest accrued on...
> Problems Group A P11-31A Journalizing liability transactions and reporting sheet The following transactions of Smith Pharmacies occurred during 2016 and 2017: 2016 Mar. 1 Borrowed $240,000 from Naples Bank. The eight-year, 7% note requires payments due annually, on March 1. Each payment consists of $30,000 principal plus one year's interest. Dec. 1 Mortgaged the warehouse for $150,000 cash with Sawyer Bank. The mortgage requires monthly payments of $6,000. The interest rate on the note is 11% and accrues monthly...
> Problems Group A 12-32A Journaling liability transactions and reporting them on the balance Learning Objectives 1,5 Mariborrowed 5450.000 from Coconut Creek Bank. The 15 years note requires payments due annually, on March 1. Each payment consists of $30.000 principal plus one year interest Dec. Mortgaged the warehouse for $250.000 cash with Saputo Bank. The mortgage requires monthly payments of $8,000. The interest rate on the notes 125 and accrues monthly. The first payment is due on January 1, 2019...
The following transactions of Emergency Pharmacies occurred during 2018 and 2019: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the transactions in the Emergency Pharmacies general journal. Round all answers to the nearest dollar. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Mar. 1, 2018: Borrowed $100,000 from Margate Bank. The five-year, 7% note requires payments due annually, on March 1. Each payment consists of $20,000 principal plus...
1The bank notes, issued August
1, 2021, are due on July 31, 2022, and pay interest at a rate of
12%, payable at maturity.
2 The mortgage note is due on March 1, 2022. Interest at 11% has
been paid up to December 31 (assume 11% is a realistic rate).
Manufacturing intended at December 31, 2021, to refinance the note
on its due date with a new 10-year mortgage note. In fact, on March
1, Manufacturing paid $260,000 in cash...
I need help with both please.
Mar. 1. 2018: Borrowed $400,000 from Niceville Bank. The eight-year, 6% note requires payments due annually, on March 1. Each payment consists of $50,000 principal plus one year's interest. Date Accounts Debit Credit 2018 Mar. 1 Dec. 1. 2018: Mortgaged the warehouse for $450,000 cash with Sage Bank. The mortgage requires monthly payments of $4,000. The interest rate on the note is 9% and accrues monthly. The first payment is due on January 1,...
Problem 13-4 Various liabilities [LO13-1, 13-2, 13-3, 13-4]
The unadjusted trial balance of the Manufacturing Equitable at
December 31, 2018, the end of its fiscal year, included the
following account balances. Manufacturing’s 2018 financial
statements were issued on April 1, 2019.
Accounts receivable
$
97,250
Accounts payable
52,600
Bank notes payable
618,000
Mortgage note payable
1,334,000
Other information:
The bank notes, issued August 1, 2018, are due on July 31,
2019, and pay interest at a rate of 15%, payable...
4
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2018, the end of its fiscal year, included the following account balances. Manufacturing's 2018 financial statements were issued on April 1, 2019 Accounts receivable Accounts payable Bank notes payable Mortgage note payable $ 103,000 41,000 658,000 1,345,000 Other information: a. The bank notes, issued August 1, 2018, are due on July 31, 2019, and pay interest at a rate of 12%, payable at maturity. b. The mortgage note...
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