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The company invested $100,000 on July 1, 20XA at 4% simple interest for 27 months). 23....
Use the following to answer questions 26-27 The company invested $100,000 on April 1, 20XA at...
Use the following to answer questions 26-27 The company invested $100,000 on April 1, 20XA at 5.5% simple interest for 15 months. 26. $_ _ _Determine interest revenue for 20XA 27.$_ Determine interest revenue for 20XB Use the following to answer questions 28-30 The company lent $200,000 on November 1, 20XA at 6% simple interest for 18 months. Determine interest revenue for 20XA Determine interest revenue for 20XB Determine interest revenue for 20XC
Use the following to answer questions 23 – 25 The company invested $100,000 on October 1,...
Use the following to answer questions 23 – 25 The company invested $100,000 on October 1, 20XA at 4.5% simple interest for 2 years (24 months). 23. $ Determine interest revenue for 20XA 24.$. Determine interest revenue for 20XB 25. $ _Determine interest revenue for 20xC Use the following to answer questions 26 - 27 The company invested $500,000 on November 1, 20XA at 6% simple interest for 10 months. 26. $ _Determine interest revenue for 20XA 27.$ Determine interest...
please check work and help with unanswered questions Use the following to answer questions 20-22 At...
please check work and help with unanswered questions
Use the following to answer questions 20-22 At the beginning of the year; MB, Inc.'s allowance for uncollectible accounts had a beginning balance of $5,000. On January 22nd, MB wrote off the A/R from customer for $400 20. Record the entry for write-off ADA 4MO A/ 400 21. $ By the end of the year (December 31"); total accounts written off were $4.910 (including the write off for customer C). What is...
Use the following to answer questions 28 – 30 The company lent $200,000 on December 1,...
Use the following to answer questions 28 – 30 The company lent $200,000 on December 1, 20XA at 3% simple interest for 18 months. 28. $ Determine interest revenue for 20XA 29. $ Determine interest revenue for 20XB 30. $ Determine interest revenue for 20XC
Use the following to answer questions 23 – 25 The company invested $200,000 on October 1,...
Use the following to answer questions 23 – 25 The company invested $200,000 on October 1, 20XA at 4% simple interest for 2 years (24 months). 23. $______________Determine interest revenue for 20XA 24. $_______________Determine interest revenue for 20XB 25. $_______________Determine interest revenue for 20XC
Use the following to answer questions 20-22 Chapter 5 Page 5-2 At the beginning of the...
Use the following to answer questions 20-22 Chapter 5 Page 5-2 At the beginning of the year; MB, Inc.'s allowance for uncollectible accounts had a beginning balance of $5,000. On January 22nd, MB wrote off the A/R from customer C for $400 20. Record the entry for write-off 21. $ By the end of the year (December 31"); total accounts written off were $4,910 (including the write off for customer C). What is the balance in the allowance for uncollectible...
Use the following to answer questions 20-22 Chapter 5 Page 5-2 At the beginning of the...
Use the following to answer questions 20-22 Chapter 5 Page 5-2 At the beginning of the year; MB, Inc.'s allowance for uncollectible accounts had a beginning balance of $5,000. On January 22nd, MB wrote off the A/R from customer C for $400 20. Record the entry for write-off 21. $ By the end of the year (December 31"); total accounts written off were $4,910 (including the write off for customer C). What is the balance in the allowance for uncollectible...
I need help with 23-28 Use the following to answer questions 23 - 28 On-the-Go Foods...
I need help with 23-28
Use the following to answer questions 23 - 28 On-the-Go Foods provides food delivery services to construction sites. At the end of the year, the company reports the following amounts: Cash Food trucks Maintenance expense Note payable Service revenue Food expense $30,000 300,000 33,000 150,000 650,000 300,000 Accounts payable Garage/Office Salaries expense Salaries payable Paper supplies used Paper supplies $12,000 734,000 175,000 15,000 4,500 500 In addition, the company had common stock of $500,000 at...
Use the following to answer questions 27-29 The Company had the following Net Income (Loss) for...
Use the following to answer questions 27-29 The Company had the following Net Income (Loss) for 20A - 20D (the first four years of operations). Determine their Ending Retained Earnings amount for each year. (Keep your answer"in millions" like the example) The Company (in Millions Ending Retained Year Net Income or (Loss Dividends Earnings 204 $5.55 $1.32 $4.23 20B $2.75 $1.55 ($0.10) $0.50 $1.25 od Use the following to answer questions 30-33 The following account balances appear in the 20xC...
1 Tanner invested $100,000 cash along with office equipment valued at $24,000 in the company. 2...
1 Tanner invested $100,000 cash along with office equipment valued at $24,000 in the company. 2 The company prepaid $7,200 cash for 12 months' rent for office space. 3 The company made credit purchases for $12,000 in office equipment and $2,400 in office supplies. Payment is due within 10 days. 4 The company completed services for a client and immediately received $2,000 cash. 5 The company completed a $8,000 project for a client, who must pay within 30 days. 6...
Use the following to answer questions 26-27 The company invested $100,000 on April 1, 20XA at 5.5% simple interest for 15 months. 26. $_ _ _Determine interest revenue for 20XA 27.$_ Determine interest revenue for 20XB Use the following to answer questions 28-30 The company lent $200,000 on November 1, 20XA at 6% simple interest for 18 months. Determine interest revenue for 20XA Determine interest revenue for 20XB Determine interest revenue for 20XC
Use the following to answer questions 23 – 25 The company invested $100,000 on October 1, 20XA at 4.5% simple interest for 2 years (24 months). 23. $ Determine interest revenue for 20XA 24.$. Determine interest revenue for 20XB 25. $ _Determine interest revenue for 20xC Use the following to answer questions 26 - 27 The company invested $500,000 on November 1, 20XA at 6% simple interest for 10 months. 26. $ _Determine interest revenue for 20XA 27.$ Determine interest...
please check work and help with unanswered questions
Use the following to answer questions 20-22 At the beginning of the year; MB, Inc.'s allowance for uncollectible accounts had a beginning balance of $5,000. On January 22nd, MB wrote off the A/R from customer for $400 20. Record the entry for write-off ADA 4MO A/ 400 21. $ By the end of the year (December 31"); total accounts written off were $4.910 (including the write off for customer C). What is...
Use the following to answer questions 28 – 30 The company lent $200,000 on December 1, 20XA at 3% simple interest for 18 months. 28. $ Determine interest revenue for 20XA 29. $ Determine interest revenue for 20XB 30. $ Determine interest revenue for 20XC
Use the following to answer questions 20-22 Chapter 5 Page 5-2 At the beginning of the year; MB, Inc.'s allowance for uncollectible accounts had a beginning balance of $5,000. On January 22nd, MB wrote off the A/R from customer C for $400 20. Record the entry for write-off 21. $ By the end of the year (December 31"); total accounts written off were $4,910 (including the write off for customer C). What is the balance in the allowance for uncollectible...
Use the following to answer questions 20-22 Chapter 5 Page 5-2 At the beginning of the year; MB, Inc.'s allowance for uncollectible accounts had a beginning balance of $5,000. On January 22nd, MB wrote off the A/R from customer C for $400 20. Record the entry for write-off 21. $ By the end of the year (December 31"); total accounts written off were $4,910 (including the write off for customer C). What is the balance in the allowance for uncollectible...
I need help with 23-28
Use the following to answer questions 23 - 28 On-the-Go Foods provides food delivery services to construction sites. At the end of the year, the company reports the following amounts: Cash Food trucks Maintenance expense Note payable Service revenue Food expense $30,000 300,000 33,000 150,000 650,000 300,000 Accounts payable Garage/Office Salaries expense Salaries payable Paper supplies used Paper supplies $12,000 734,000 175,000 15,000 4,500 500 In addition, the company had common stock of $500,000 at...
Use the following to answer questions 27-29 The Company had the following Net Income (Loss) for 20A - 20D (the first four years of operations). Determine their Ending Retained Earnings amount for each year. (Keep your answer"in millions" like the example) The Company (in Millions Ending Retained Year Net Income or (Loss Dividends Earnings 204 $5.55 $1.32 $4.23 20B $2.75 $1.55 ($0.10) $0.50 $1.25 od Use the following to answer questions 30-33 The following account balances appear in the 20xC...
1 Tanner invested $100,000 cash along with office equipment valued at $24,000 in the company. 2 The company prepaid $7,200 cash for 12 months' rent for office space. 3 The company made credit purchases for $12,000 in office equipment and $2,400 in office supplies. Payment is due within 10 days. 4 The company completed services for a client and immediately received $2,000 cash. 5 The company completed a $8,000 project for a client, who must pay within 30 days. 6...
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