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Michigan Bank lends Detroit Furniture Company $100,000 on December 1 Detroit Furniture Company is...
Illinois Bank lends Lisle Furniture Company $120,000 on December 1. Lisle Furniture Company signs a $120,000,...
Illinois Bank lends Lisle Furniture Company $120,000 on December 1. Lisle Furniture Company signs a $120,000, 8%, 4-month note. The total cash paid at maturity of the note is: (Round your final answer to the nearest dollar.) O A. $129,600. O B. $124,800. OC. $120,000. OD. $123,200.
Accounting help Illinois Bank lends Lisle Furniture Company $70,000 on December 1. Lisle Furniture Company signs...
Accounting help
Illinois Bank lends Lisle Furniture Company $70,000 on December 1. Lisle Furniture Company signs a $70,000, 9%, 4-month note. The total cash paid at maturity of the note is: (Round your final answer to the nearest dollar.) O A. $73,150. O B. $76,300. OC. $72,100 OD. $70,000 Kathy's Corner Store has total cash sales for the month of $37,000 excluding sales taxes. If the sales tax rate is 3%, which journal entry is needed? (Ignore Cost of Goods...
Wisconsin Bank lends Local Furniture Company $180,000 on November 1. Local Furniture Company signs a $180,000,...
Wisconsin Bank lends Local Furniture Company $180,000 on November 1. Local Furniture Company signs a $180,000, 6%, 4-month note. The fiscal year end of Local Furniture Company is December 31. The journal entry made by Local Furniture Company on December 31 is: O A. debit Interest Expense and credit Interest Payable for $1,800 O B. debit Interest Payable and credit Cash for $1,800 O c. debit Interest Payable and credit Interest Expense for $1,800 OD. debit Interest Expense and credit...
1) 2) 3) 4) 5) Mocha Company manufactures a single product by a continuous process, involving...
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Mocha Company manufactures a single product by a continuous process, involving three production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000, respectively. Work in process at the beginning of the period for Department 1 was $75,000, and work in process at the end of the period totaled $60,000. The records indicate that direct materials, direct labor, and applied factory overhead for Department...
Illinois Bank lends Lisle Furniture Company $120,000 on December 1. Lisle Furniture Company signs a $120,000, 8%, 4-month note. The total cash paid at maturity of the note is: (Round your final answer to the nearest dollar.) O A. $129,600. O B. $124,800. OC. $120,000. OD. $123,200.
Accounting help
Illinois Bank lends Lisle Furniture Company $70,000 on December 1. Lisle Furniture Company signs a $70,000, 9%, 4-month note. The total cash paid at maturity of the note is: (Round your final answer to the nearest dollar.) O A. $73,150. O B. $76,300. OC. $72,100 OD. $70,000 Kathy's Corner Store has total cash sales for the month of $37,000 excluding sales taxes. If the sales tax rate is 3%, which journal entry is needed? (Ignore Cost of Goods...
Wisconsin Bank lends Local Furniture Company $180,000 on November 1. Local Furniture Company signs a $180,000, 6%, 4-month note. The fiscal year end of Local Furniture Company is December 31. The journal entry made by Local Furniture Company on December 31 is: O A. debit Interest Expense and credit Interest Payable for $1,800 O B. debit Interest Payable and credit Cash for $1,800 O c. debit Interest Payable and credit Interest Expense for $1,800 OD. debit Interest Expense and credit...
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Mocha Company manufactures a single product by a continuous process, involving three production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000, respectively. Work in process at the beginning of the period for Department 1 was $75,000, and work in process at the end of the period totaled $60,000. The records indicate that direct materials, direct labor, and applied factory overhead for Department...
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