Can I please have some assistance getting the right answer and a step by step guide.
Homework Answers
Journal entry
| Date | General Journal | Debit | Credit |
| Apr 1 | Bonds payable | 9000000 | |
| Loss on bond retirement | 726000 | ||
| Discount on bonds payable (9000000-8454000) | 546000 | ||
| Cash (9000000*1.02) | 9180000 | ||
| (To record retirement) |
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Can I please have some assistance getting the right answer and a
step by step guide....
Can I please have some assistance getting the right answer and a step by step guide....
Can I please have some assistance getting the right answer and a
step by step guide.
SECTION 4 (12 points) d BRIL On January 1, 2019, Gibbs Corporation issued $8,000,000 face value, 7%, 15 year bonds at $8,777,020. This pric esulted in an effective interest rate of 6% on the bonds. Gibbs Corporation uses the effective interest method to amortiz ond premium or bond discount. The bonds pay annual interest on January 1. Required: On the journal pages provided below...
Can I please have some assistance getting the right answer and a step by step guide....
Can I please have some assistance getting the right answer and a
step by step guide.
Harrison Corporation borrowed $2,750,000 on December 31, 2019 by issuing a $2,750,000, 6% mortgage note payable. The terms call for annual installment payments of $442,849 on December 31" Required: On the journal page below, prepare (in good form) the journal entries to record the mortgage loan on December 31, 2019 and the first two installment payments on December 31, 2020 and December 31, 2021....
Can I please have some assistance getting the right answer and a step by step guide....
Can I please have some assistance getting the right answer and a
step by step guide.
SECTION 6 (6 points) Ayantee Corporation has 50,000 shares of 4%, $100 par value preferred stock outstanding at December 31, 2019. At December 31, 2019, the company declared a $750,000 cash dividend. The company did not pay cash dividends in the previous two years (2017 and 2018). Required: (1) On the lines below, list total amounts of the cash dividends for preferred stockholders and...
Can I please have some assistance getting the right answer and a step by step guide....
Can I please have some assistance getting the right answer and a
step by step guide.
Not sure what not able to read it properly means? Do
you mean it's blurry or what?
SECTION 2 (30 points) Martin Corporation began operations on January 1, 2020. The company was authorized to issue up to 3 million shares of $4 par value common stock. The following transactions occurred in 2020. January 1 Issued 60,000 shares of common stock for $27 cash per...
Can I have a little assistance, please! Much appreciated! Problem 9-2A At December 31, 2017, Swifty...
Can I have a little assistance, please! Much appreciated!
Problem 9-2A At December 31, 2017, Swifty Corporation reported the following plant assets. 4,353,000 Land Buildings Less: Accumulated depreciation- buildings Equipment Less: Accumulated depreciation- equipment Total plant assets $26,720,000 17,303,175 9,416,825 58,040,000 7,255,000 50,785,000 $64,554,825 During 2018, the following selected cash transactions occurred. Apr. Purchased land for $3,192,200. May Sold equipment that cost $870,600 when purchased on January 1, 2011. The equipment was sold for $246,670 June Sold land for $2,321,600....
Hi there - Can I please get some assistance with the very last portion of this...
Hi there - Can I please get some assistance with the very last
portion of this question?
Accounting Cycle Review 15 a-e Sandhill Corporation's trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described below. Debit Credit Cash Accounts Receivable $26,500 56,000 23,000 68,000 99.600 33,000 $410 31,500 14,200 19,400 -0- -0- 7,200 50,000 30,000 6,000 Inventory Land Buildings Equipment Allowance for Doubtful Accounts Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accounts Payable...
can someone help with the blue reader project, please? I have the journal entries I need...
can someone help with the blue reader project, please?
I have the journal entries I need help with journal ledger and
trial balance so I can I do the financial statements. thanks
can
someone help me the ledger and trial balance please, I posted all
the information about the picture
Credit The accounting cycle illustrated below is designed to provide information about a company's profitability for lack thereof) along with many other important financial characteristics. This same accounting Cycle is...
Hello, ive tried these problems over and over but I keep getting it wrong. can you...
Hello, ive tried these problems over and over but I keep
getting it wrong. can you please double check my work and correct
it? Thank you so much.
Entries for Stock Dividends Senior Life Co. is an HMO for businesses in the Portland area. The following account balances appear on the balance sheet of Senior Life Co.: Common stock (320,000 shares authorized; 7,000 shares issued), $25 par, $175,000; Paid-In Capital in excess of par-common stock, $35,000; and Retained earnings, $1,925,000....
I got stuck on these two steps, can someone help me ? ACCOUNTING CYCLE STEP 3:...
I got stuck on these two steps, can someone help me ?
ACCOUNTING CYCLE STEP 3: Post each trans me general ledger working papers provideo teach transaction in the general journal to the general ledger. Use s provided in your packet. Posting is the process of transferring general journal entry information to the seneral ledger. Fach number you post should be properly Cross-referenced Helpful Hints by: recording the general journal page number (ex. G1, G2, etc.) in the Posting Reference...
Need help with comprehensive project (PLEASE MAKE SURE CHECK TOTALS ARE CORRECT) TIA!!! T- Accounts Adjusted...
Need help with comprehensive project (PLEASE MAKE SURE CHECK
TOTALS ARE CORRECT) TIA!!!
T- Accounts
Adjusted Trial Balance
Income Statement
Statement of Retained Earnings
Balance Sheet
Closing Entries
Post-closing trial balance
Read ALL instructions before getting started! ABC Corporation is a new company that buys and sells office supplies. Business began on January 1, 2016. Given on the first two tabs are ABC's 12/31/16 Unadjusted Trial Balance and a list of needed adjustments. 1. Make all 12 adjustments on the...
Can I please have some assistance getting the right answer and a
step by step guide.
SECTION 4 (12 points) d BRIL On January 1, 2019, Gibbs Corporation issued $8,000,000 face value, 7%, 15 year bonds at $8,777,020. This pric esulted in an effective interest rate of 6% on the bonds. Gibbs Corporation uses the effective interest method to amortiz ond premium or bond discount. The bonds pay annual interest on January 1. Required: On the journal pages provided below...
Can I please have some assistance getting the right answer and a
step by step guide.
Harrison Corporation borrowed $2,750,000 on December 31, 2019 by issuing a $2,750,000, 6% mortgage note payable. The terms call for annual installment payments of $442,849 on December 31" Required: On the journal page below, prepare (in good form) the journal entries to record the mortgage loan on December 31, 2019 and the first two installment payments on December 31, 2020 and December 31, 2021....
Can I please have some assistance getting the right answer and a
step by step guide.
SECTION 6 (6 points) Ayantee Corporation has 50,000 shares of 4%, $100 par value preferred stock outstanding at December 31, 2019. At December 31, 2019, the company declared a $750,000 cash dividend. The company did not pay cash dividends in the previous two years (2017 and 2018). Required: (1) On the lines below, list total amounts of the cash dividends for preferred stockholders and...
Can I please have some assistance getting the right answer and a
step by step guide.
Not sure what not able to read it properly means? Do
you mean it's blurry or what?
SECTION 2 (30 points) Martin Corporation began operations on January 1, 2020. The company was authorized to issue up to 3 million shares of $4 par value common stock. The following transactions occurred in 2020. January 1 Issued 60,000 shares of common stock for $27 cash per...
Can I have a little assistance, please! Much appreciated!
Problem 9-2A At December 31, 2017, Swifty Corporation reported the following plant assets. 4,353,000 Land Buildings Less: Accumulated depreciation- buildings Equipment Less: Accumulated depreciation- equipment Total plant assets $26,720,000 17,303,175 9,416,825 58,040,000 7,255,000 50,785,000 $64,554,825 During 2018, the following selected cash transactions occurred. Apr. Purchased land for $3,192,200. May Sold equipment that cost $870,600 when purchased on January 1, 2011. The equipment was sold for $246,670 June Sold land for $2,321,600....
Hi there - Can I please get some assistance with the very last
portion of this question?
Accounting Cycle Review 15 a-e Sandhill Corporation's trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described below. Debit Credit Cash Accounts Receivable $26,500 56,000 23,000 68,000 99.600 33,000 $410 31,500 14,200 19,400 -0- -0- 7,200 50,000 30,000 6,000 Inventory Land Buildings Equipment Allowance for Doubtful Accounts Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accounts Payable...
can someone help with the blue reader project, please?
I have the journal entries I need help with journal ledger and
trial balance so I can I do the financial statements. thanks
can
someone help me the ledger and trial balance please, I posted all
the information about the picture
Credit The accounting cycle illustrated below is designed to provide information about a company's profitability for lack thereof) along with many other important financial characteristics. This same accounting Cycle is...
Hello, ive tried these problems over and over but I keep
getting it wrong. can you please double check my work and correct
it? Thank you so much.
Entries for Stock Dividends Senior Life Co. is an HMO for businesses in the Portland area. The following account balances appear on the balance sheet of Senior Life Co.: Common stock (320,000 shares authorized; 7,000 shares issued), $25 par, $175,000; Paid-In Capital in excess of par-common stock, $35,000; and Retained earnings, $1,925,000....
I got stuck on these two steps, can someone help me ?
ACCOUNTING CYCLE STEP 3: Post each trans me general ledger working papers provideo teach transaction in the general journal to the general ledger. Use s provided in your packet. Posting is the process of transferring general journal entry information to the seneral ledger. Fach number you post should be properly Cross-referenced Helpful Hints by: recording the general journal page number (ex. G1, G2, etc.) in the Posting Reference...
Need help with comprehensive project (PLEASE MAKE SURE CHECK
TOTALS ARE CORRECT) TIA!!!
T- Accounts
Adjusted Trial Balance
Income Statement
Statement of Retained Earnings
Balance Sheet
Closing Entries
Post-closing trial balance
Read ALL instructions before getting started! ABC Corporation is a new company that buys and sells office supplies. Business began on January 1, 2016. Given on the first two tabs are ABC's 12/31/16 Unadjusted Trial Balance and a list of needed adjustments. 1. Make all 12 adjustments on the...
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