The first image is the original question, the following images are the answer choices given for each box
Homework Answers
Solution:
Journal entry apple record at the end of 2018 is "DR Warranty expense $3.8b, CR Warranty Payable $3.8b"
Journal entry apple record at the end of 2019 is "DR warranty Payable $3.7b CR Cash $3.7b"
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The first image is the original question, the following images
are the answer choices given for...
Apple, Inc. offers a 1 year warranty on its Apple products. In 2018 Apple estimated $3.8b...
Apple, Inc. offers a 1 year warranty on its Apple products. In 2018 Apple estimated $3.8b in warranty claims for phones they sold in 2018. During 2019 Apple incurred $3.7b expenses to satisfy warranty claims. What journal entry does Apple record at the end of 2018? [ Select] DR Warranty Payable $3.8b CR Cash $3.8b DR Warranty Payable $3.8 CR Warranty Expense $3.8b DR Warranty Expense $3.8b CR Warranty Payable $3.8b DR Cash $3.8b Warranty Payable $3.8b Apple, Inc. offers...
The first image is the original question, the rest are the answer choices for each box....
The first image is the original question, the rest are the
answer choices for each box.
Question 4 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter's dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. Microsoft has 7.71B shares outstanding. What is the journal entry Microsoft records on...
The first image is the original question, the rest are the answer choices for each box....
The first image is the original question, the rest are the
answer choices for each box.
Question 1 1.5 pts Apple Inc. sells 2m shares of common stock with a par value of $0.0001 for $70. The journal entry to record the sale of stock is DR [Select] D [Select] [Select] Question 1 1.5 pts Apple Inc. sells 2m shares of common stock with a par value of $0.0001 for $70. The journal entry to record the sale of stock...
The first image is the original question, the following images are the answer choices given for...
The first image is the original question, the following images
are the answer choices given for each box.
Question 2 1 pts An employee is paid $7,500 in wages and has $1,800 in Federal Income Tax withheld and $318 in State Income tax withheld. In addition, 1.45% for FICA-Medicare and6.2% for FICA-Social Security is withheld. What is the journal entry the employer does to record the payment to the employee? Debit ( Select ] - Credit [Select] Credit [Select ]...
The first image is the original question and the following images are the answer choices for each box Question 4...
The first image is the original question and the following
images are the answer choices for each box
Question 4 1 pts Your company obtains a short term loan on September 1st, 2019 to cover costs to purchase inventory. The loan is for $50,000, the annual interest rate is 8%. The loan is for 7 months and matures on March 31st, 2020. The journal entry on September 1st, 2019 is a Debit to [Select] and a Credit [Select] Assuming a...
The first image is the original question, the rest are the answer choices for each box....
The first image is the original question, the rest are the
answer choices for each box.
Question 6 2.5 pts Microsoft purchases 250m of its own shares for $140/share. The journal entry to record the purchase is a: DR [Select] CR [Select] If Microsoft resells 100 shares of the Treasury stock for $145/share the journal to record the sale is: DR [Select] Select] CR [Select] Question 6 2.5 pts Microsoft purchases 250m of its own shares for $140/share. The journal...
First image is the question and the rest are the answer options Question 3 1 pts...
First image is the question and the rest are the answer
options
Question 3 1 pts If bonds with a face value of $750,000 and a stated rate of 5%, are issued at par on January 1st, the journal entry to record the issuance is: [Select] Assuming interest is paid annually on December 31st what is the journal entry to record interest payments? [Select] What is the journal entry recorded when the bonds mature? [Select] Question 3 1 pts If...
the first image is the original question, the following images are the answer choices for each...
the first image is the original question,
the following images are the answer choices for each box
Question 1 1 pts A customer purchases an airless paint sprayer at Home Depot and is charged $329 for the sprayer and $27.97 in taxes. The entry Home Depot does to record the sale is to: Debit Select Credit Select] Credit Select Question 1 1 pts A customer purchases an airless paint sprayer at Home Depot and is charged $329 for the sprayer...
The first image is the original question, the rest are the answer choices for each box....
The first image is the original question, the rest are the
answer choices for each box.
Question 2 1 pts Shopify sold 7.7m shares of no par common stock during its IPO for $28/share. The journal entry to record the sale is: DR [Select] CR [Select] Question 2 1 pts Shopify sold 7.7m shares of no par common stock during its IPO for $28/share. The journal entry to record the sale is: DA [Select ] Common Stock $215.6m Preferred Stock...
Question 3 1 pts If bonds with a face value of $750,000 and a stated rate...
Question 3 1 pts If bonds with a face value of $750,000 and a stated rate of 5%, are issued at par on January 1st, the journal entry to record the issuance is [Select ] DR Bonds Payable $787,500 CR Cash $787,500 DR Bonds Payable $750,000 CR Cash $750,000 DR Cash $787,500 CR Bonds Payable $787,500 DR Cash $750,000 CR Bonds Payable $750,000 Assuming interest is paid annually on De Brest payments? [Select] What is the journal entry recorded when...
Apple, Inc. offers a 1 year warranty on its Apple products. In 2018 Apple estimated $3.8b in warranty claims for phones they sold in 2018. During 2019 Apple incurred $3.7b expenses to satisfy warranty claims. What journal entry does Apple record at the end of 2018? [ Select] DR Warranty Payable $3.8b CR Cash $3.8b DR Warranty Payable $3.8 CR Warranty Expense $3.8b DR Warranty Expense $3.8b CR Warranty Payable $3.8b DR Cash $3.8b Warranty Payable $3.8b Apple, Inc. offers...
The first image is the original question, the rest are the
answer choices for each box.
Question 4 1.5 pts On September 18th, 2019 Microsoft Corp. announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter's dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. Microsoft has 7.71B shares outstanding. What is the journal entry Microsoft records on...
The first image is the original question, the rest are the
answer choices for each box.
Question 1 1.5 pts Apple Inc. sells 2m shares of common stock with a par value of $0.0001 for $70. The journal entry to record the sale of stock is DR [Select] D [Select] [Select] Question 1 1.5 pts Apple Inc. sells 2m shares of common stock with a par value of $0.0001 for $70. The journal entry to record the sale of stock...
The first image is the original question, the following images
are the answer choices given for each box.
Question 2 1 pts An employee is paid $7,500 in wages and has $1,800 in Federal Income Tax withheld and $318 in State Income tax withheld. In addition, 1.45% for FICA-Medicare and6.2% for FICA-Social Security is withheld. What is the journal entry the employer does to record the payment to the employee? Debit ( Select ] - Credit [Select] Credit [Select ]...
The first image is the original question and the following
images are the answer choices for each box
Question 4 1 pts Your company obtains a short term loan on September 1st, 2019 to cover costs to purchase inventory. The loan is for $50,000, the annual interest rate is 8%. The loan is for 7 months and matures on March 31st, 2020. The journal entry on September 1st, 2019 is a Debit to [Select] and a Credit [Select] Assuming a...
The first image is the original question, the rest are the
answer choices for each box.
Question 6 2.5 pts Microsoft purchases 250m of its own shares for $140/share. The journal entry to record the purchase is a: DR [Select] CR [Select] If Microsoft resells 100 shares of the Treasury stock for $145/share the journal to record the sale is: DR [Select] Select] CR [Select] Question 6 2.5 pts Microsoft purchases 250m of its own shares for $140/share. The journal...
First image is the question and the rest are the answer
options
Question 3 1 pts If bonds with a face value of $750,000 and a stated rate of 5%, are issued at par on January 1st, the journal entry to record the issuance is: [Select] Assuming interest is paid annually on December 31st what is the journal entry to record interest payments? [Select] What is the journal entry recorded when the bonds mature? [Select] Question 3 1 pts If...
the first image is the original question,
the following images are the answer choices for each box
Question 1 1 pts A customer purchases an airless paint sprayer at Home Depot and is charged $329 for the sprayer and $27.97 in taxes. The entry Home Depot does to record the sale is to: Debit Select Credit Select] Credit Select Question 1 1 pts A customer purchases an airless paint sprayer at Home Depot and is charged $329 for the sprayer...
The first image is the original question, the rest are the
answer choices for each box.
Question 2 1 pts Shopify sold 7.7m shares of no par common stock during its IPO for $28/share. The journal entry to record the sale is: DR [Select] CR [Select] Question 2 1 pts Shopify sold 7.7m shares of no par common stock during its IPO for $28/share. The journal entry to record the sale is: DA [Select ] Common Stock $215.6m Preferred Stock...
Question 3 1 pts If bonds with a face value of $750,000 and a stated rate of 5%, are issued at par on January 1st, the journal entry to record the issuance is [Select ] DR Bonds Payable $787,500 CR Cash $787,500 DR Bonds Payable $750,000 CR Cash $750,000 DR Cash $787,500 CR Bonds Payable $787,500 DR Cash $750,000 CR Bonds Payable $750,000 Assuming interest is paid annually on De Brest payments? [Select] What is the journal entry recorded when...
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