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The company invested $100,000 on July 1, 20XA at 4% simple interest for 27 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 $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...
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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...
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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...
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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
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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
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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...
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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...
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Use the following to answer questions 20-26 The following are the year-end account balances for 20XC (prior to closing) of BA Corporation: Cash Accounts Receivable Supplies Equipment Accumulated depreciation Accounts payable Notes payable Common stock Retained earnings Dividends Service revenue Salaries expense Supplies expense Rent expense Depreciation expense Miscellaneous ex pense $15,000 20,000 200 1,000,000 200,000 10,000 250,000 400,000 56,200 60,000 456,000 195,000 1,000 6,000 25,000 50,000 Determine total expenses for the year _Determine net income for the year Determine...
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Use the following to answer questions 20 - 26 The following are the year-end account balances for 20XC (prior to closing) of BA Corporation: Cash Accounts Receivable Supplies $15,000 20,000 200 1.000.000 200.000 Equipment Accumulated depreciation Accounts payable Notes payable 10,000 250,000 400,000 56.200 60,000 456,000 Common stock Retained earnings Dividends Service revenue Salaries expense Supplies expense Rent expense Depreciation expense 195.000 25 000 Miscellaneous expense 50,000 _Determine total expenses for the year _Determine net income for the year Determine...
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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...
The company invested $100,000 on July 1, 20XA at 4% simple interest for 27 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 $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...
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...
Use the following to answer questions 20-26 The following are the year-end account balances for 20XC (prior to closing) of BA Corporation: Cash Accounts Receivable Supplies Equipment Accumulated depreciation Accounts payable Notes payable Common stock Retained earnings Dividends Service revenue Salaries expense Supplies expense Rent expense Depreciation expense Miscellaneous ex pense $15,000 20,000 200 1,000,000 200,000 10,000 250,000 400,000 56,200 60,000 456,000 195,000 1,000 6,000 25,000 50,000 Determine total expenses for the year _Determine net income for the year Determine...
Use the following to answer questions 20 - 26 The following are the year-end account balances for 20XC (prior to closing) of BA Corporation: Cash Accounts Receivable Supplies $15,000 20,000 200 1.000.000 200.000 Equipment Accumulated depreciation Accounts payable Notes payable 10,000 250,000 400,000 56.200 60,000 456,000 Common stock Retained earnings Dividends Service revenue Salaries expense Supplies expense Rent expense Depreciation expense 195.000 25 000 Miscellaneous expense 50,000 _Determine total expenses for the year _Determine net income for the year Determine...
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...