Homework Answers
| 23A] | Salaries expense | $ 4,000 | |
| Salaries payable | $ 4,000 | ||
| 24A] | Salaries payable | $ 4,000 | |
| Salaries expense | $ 4,000 | ||
| 25A] | Salaries expense | $ 5,700 | |
| Cash | $ 5,700 |
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December Automather o a ry 10 5.700 This t ry ed the amount December 31,...
On December 31, 2018, when the market interest rate is 10%, Kennedy Realty issues $300,000 of...
On December 31, 2018, when the market interest rate is 10%, Kennedy Realty issues $300,000 of 11.25%, 10-year bonds payable. The bonds pay interest semiannually. Kennedy Realty received $323,396 in cash at issuance. Requirements 1. Prepare an amortization table using the effective interest amortization method for the first two semiannual interest periods. (Round to the nearest dollar.) 2. Using the amortization table prepared in Requirement 1, journalize issuance of the bonds and the first two interest payments. Requirement 1. Prepare...
y(m) 1. (10 points) The temperature of a plate in the ry-plane is given by 3 48 2 T(x, y) x2 2y2 2 1 T is in degrees Ce...
y(m) 1. (10 points) The temperature of a plate in the ry-plane is given by 3 48 2 T(x, y) x2 2y2 2 1 T is in degrees Celsius (°C) and x, y are in meters (m). A contour plot of T(x, y) is shown at right. -3 -2 4 3 4 (a) At the point (-2,1) draw and label a vector in the direction 6 of VT(-2, 1 8 4 (b) At (-2, 1) draw and label both vectors...
plete) This Qu Data Table Green Advertising Services Adjusted Trial Balance December 31, 2018 abel o...
plete) This Qu Data Table Green Advertising Services Adjusted Trial Balance December 31, 2018 abel o Balance Account Title Cash Accounts Receivable Office Supplies Land Debit Credit $14,000 15,800 6,500 18,400 47,900 Building Accumulated Depreciation-Building Furniture Accumulated Depreciation-- Furniture Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Farninns s 36,100 19,600 14,100 10,600 7,200 16,000 30,000 31 400 arenth Print Done Data Table Building Accumulated Depreciation-Building Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings...
O thon Help Al December 31, 2018, the Accounts Receivable balance of Questor Application Inc is $195,000. The Al...
O thon Help Al December 31, 2018, the Accounts Receivable balance of Questor Application Inc is $195,000. The Allowance for Bad Dobis accounts aging schedule for its accounts receivable: 1. (Click the icon to view the aging schedule.) Read the requirements 511610 de los Oestor plication Inc prepares the following nce for Bad Debts account has a $11,610 debit balance. Questor Application Inc prepares the following aging sch now the T-account for the Allowance for Bad Debts at December 31,...
Travel Services had the following unadjusted balances at December 31, 2018: Salaries Payable $0; and Salaries...
Travel Services had the following unadjusted balances at December 31, 2018: Salaries Payable $0; and Salaries Expense, $1,200. The following transactions have taken place during the end of 2018 and beginning of 2019: i (Click the icon to view the transactions.) 1. The T-accounts have been opened for you. Enter the Salaries Payable and Salaries Expense unadjusted balances at December 31, 2018. 2. Journalize the entries assuming Travel Services does not use reversing entries. Do not record the reversing entry...
Question 4: On July 10, 2015 you purchase a $10,000 T-note that matures on December 31,...
Question 4: On July 10, 2015 you purchase a $10,000 T-note that matures on December 31, 2024 (settlement occurs two days after purchase, so you receive actual ownership of the bond on July 12, 2015). The coupon rate on the T-note is 2.125 percent. The last coupon payment occurred on June 30, 2015 (12 days before settlement), and the next coupon payment will be paid on December 31, 2015 (172 days from settlement). Calculate the accrued interest due to the...
At December 31, 2018, before any year-end adjustments, the Accounts Receivable balance of Solar Power Manufacturing,...
At December 31, 2018, before any year-end adjustments, the Accounts Receivable balance of Solar Power Manufacturing, Inc., is $330,000. The Allowance for Uncollectible Accounts has a[n) $18,000 credit balance. Solar Power Manufacturing prepares the following aging schedule for Accounts Receivable: Click the icon to view the aging schedule.) Read the requirements Requirement 1. Based on the aging of Accounts Receivable, is the unadjusted balance of the allowance account adequate? Too high? Too low? First, calculate a revised allowance for uncollectible...
On July 1, 2017. Global Sales Corporation m Gobail received $1.400.781 ed $1,350,000 of 10 yea8%...
On July 1, 2017. Global Sales Corporation m Gobail received $1.400.781 ed $1,350,000 of 10 yea8% bonds to yield a marketinerest rate of 7%. The bonds pay semin t erest on My 1 and Lovery 1. Global has a December 31 year end. When the bonds were ed Prepare an amortization table through January 1, 2019 three rester ) for this bood (Round wants to the nearest 525) manual interested interest to be an interes Interest Expens to be premium...
At December 31, 2018, the Accounts Receivable balance of Alpha Company is $145,000. The Allowance for...
At December 31, 2018, the Accounts Receivable balance of Alpha Company is $145,000. The Allowance for Bad Debts account has a $15,235 debit balance. Alpha Company prepares the following aging schedule for its accounts receivable: (Click the icon to view the aging schedule.) Read the requirements. Requirement 1. Journalize the year-end adjusting entry for bad debts on the basis of the aging schedule. Show the T-account for the Allowance for Bad Debts at December 31, 2018. Begin by determining the...
Consider the following independent situations at December 31: (Click the icon to view the situations.) Journalize...
Consider the following independent situations at December 31: (Click the icon to view the situations.) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. a. On October 1, a business collected $3,900 rent in advance, debiting Cash and crediting Unearned Revenue. The t Date Accounts and Explanation Debit Credit (a) Dec. 31 b. Salaries expense is $1,700 per day—Monday through Friday-and the business pays employees each Friday. This Date Accounts...
On December 31, 2018, when the market interest rate is 10%, Kennedy Realty issues $300,000 of 11.25%, 10-year bonds payable. The bonds pay interest semiannually. Kennedy Realty received $323,396 in cash at issuance. Requirements 1. Prepare an amortization table using the effective interest amortization method for the first two semiannual interest periods. (Round to the nearest dollar.) 2. Using the amortization table prepared in Requirement 1, journalize issuance of the bonds and the first two interest payments. Requirement 1. Prepare...
y(m) 1. (10 points) The temperature of a plate in the ry-plane is given by 3 48 2 T(x, y) x2 2y2 2 1 T is in degrees Celsius (°C) and x, y are in meters (m). A contour plot of T(x, y) is shown at right. -3 -2 4 3 4 (a) At the point (-2,1) draw and label a vector in the direction 6 of VT(-2, 1 8 4 (b) At (-2, 1) draw and label both vectors...
plete) This Qu Data Table Green Advertising Services Adjusted Trial Balance December 31, 2018 abel o Balance Account Title Cash Accounts Receivable Office Supplies Land Debit Credit $14,000 15,800 6,500 18,400 47,900 Building Accumulated Depreciation-Building Furniture Accumulated Depreciation-- Furniture Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Farninns s 36,100 19,600 14,100 10,600 7,200 16,000 30,000 31 400 arenth Print Done Data Table Building Accumulated Depreciation-Building Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings...
O thon Help Al December 31, 2018, the Accounts Receivable balance of Questor Application Inc is $195,000. The Allowance for Bad Dobis accounts aging schedule for its accounts receivable: 1. (Click the icon to view the aging schedule.) Read the requirements 511610 de los Oestor plication Inc prepares the following nce for Bad Debts account has a $11,610 debit balance. Questor Application Inc prepares the following aging sch now the T-account for the Allowance for Bad Debts at December 31,...
Travel Services had the following unadjusted balances at December 31, 2018: Salaries Payable $0; and Salaries Expense, $1,200. The following transactions have taken place during the end of 2018 and beginning of 2019: i (Click the icon to view the transactions.) 1. The T-accounts have been opened for you. Enter the Salaries Payable and Salaries Expense unadjusted balances at December 31, 2018. 2. Journalize the entries assuming Travel Services does not use reversing entries. Do not record the reversing entry...
At December 31, 2018, before any year-end adjustments, the Accounts Receivable balance of Solar Power Manufacturing, Inc., is $330,000. The Allowance for Uncollectible Accounts has a[n) $18,000 credit balance. Solar Power Manufacturing prepares the following aging schedule for Accounts Receivable: Click the icon to view the aging schedule.) Read the requirements Requirement 1. Based on the aging of Accounts Receivable, is the unadjusted balance of the allowance account adequate? Too high? Too low? First, calculate a revised allowance for uncollectible...
On July 1, 2017. Global Sales Corporation m Gobail received $1.400.781 ed $1,350,000 of 10 yea8% bonds to yield a marketinerest rate of 7%. The bonds pay semin t erest on My 1 and Lovery 1. Global has a December 31 year end. When the bonds were ed Prepare an amortization table through January 1, 2019 three rester ) for this bood (Round wants to the nearest 525) manual interested interest to be an interes Interest Expens to be premium...
At December 31, 2018, the Accounts Receivable balance of Alpha Company is $145,000. The Allowance for Bad Debts account has a $15,235 debit balance. Alpha Company prepares the following aging schedule for its accounts receivable: (Click the icon to view the aging schedule.) Read the requirements. Requirement 1. Journalize the year-end adjusting entry for bad debts on the basis of the aging schedule. Show the T-account for the Allowance for Bad Debts at December 31, 2018. Begin by determining the...
Consider the following independent situations at December 31: (Click the icon to view the situations.) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. a. On October 1, a business collected $3,900 rent in advance, debiting Cash and crediting Unearned Revenue. The t Date Accounts and Explanation Debit Credit (a) Dec. 31 b. Salaries expense is $1,700 per day—Monday through Friday-and the business pays employees each Friday. This Date Accounts...
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