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Q.1 Answer - Gain on Sale of Truck - $2,000
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Question 37 De of the current yea NSC borrows $35,000 from the bank note The note...
The adjusted trial balance for Chiara Company as of December 31 follows. Credit Debit $ 145,000...
The adjusted trial balance for Chiara Company as of December 31 follows. Credit Debit $ 145,000 55,500 20,480 170,500 16,500 168,880 $ 55,888 138,600 17.000 83,000 Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) Office Supplies Automobiles Accumulated depreciation-Automobiles Equipment Accumulated depreciation Equipment Land Accounts payable Interest payable Salaries payable Unearned fees Long-term notes payable Common stock Retained earnings Dividends Fees earned Interest earned Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense Office Supplies expense...
On December 31, 2018, Diaz Corp. is in financial difficulty and cannot pay a $900,000 note...
On December 31, 2018, Diaz Corp. is in financial difficulty and cannot pay a $900,000 note with $90,000 accrued interest payable to Cameron Ltd., which is now due. Cameron agrees to accept from Diaz equipment that has a fair value of $435,000, an original cost of $720,000, and accumulated depreciation of $345,000. Cameron also forgives the accrued interest, extends the maturity date to December 31, 2021, reduces the face amount of the note to $375,000, and reduces the interest rate...
Question 16 Note 1. One April 1 of the current year warren corporation received $30,000, 10...
Question 16 Note 1. One April 1 of the current year warren corporation received $30,000, 10 percent note from a customer in settlement of a $30,000 open account receivable. According to the terms, the principal of the note interest are payable at the end of 12 months. The annual accounting period for Warren ends on December 31. Note 2 On August 1 of the current year, to meet a cash shortage. Warren Corporation obtained a $30,000. 12 percent loan from...
Note: Problems 1-4 relate to the trial balance below. Note: Problems 5 and 6 are independent...
Note: Problems 1-4 relate to the trial balance below. Note: Problems 5 and 6 are independent (use information provided for each of these problems only). Marcel Sports Acct 311 - Quix 3 of 6 - Trial Balance s Det 140,000 475,000 s 28, 225 50,000 17.000 365,000 1,305,000 265,000 1,500,000 550,000 1,325,000 Accounts Receivable Allowance for Doubtful Accounts Notes Receivable Supplies Inventory 1/1/17 Equipment Accumulated Depercialion - Equipment Buildir Accumulated Depercialion - Building Land Accounts Payable Salaries and Wax Payable...
5248,000 225,000 756,400 754.358 Cash Marketable Equity Securities (Note 1) Accounts Receivable-Net (Note 2) Inventories (Note 3) Total Current Assets 374,000 954,950 102,000 Investment in Nowe...
5248,000 225,000 756,400 754.358 Cash Marketable Equity Securities (Note 1) Accounts Receivable-Net (Note 2) Inventories (Note 3) Total Current Assets 374,000 954,950 102,000 Investment in Nowell Co.(15-percent owned) Investment in Knight Co.(25-percent owned) Total Investments 377.000 110,000 743,000 110,000 743,000 1,961,852 267.600) 1,151,692 Total Plant Assets at Cost Plant Assets-Net Total Assets IABILITIES AND SHAREHOLDERS' EQUITY $140,000 535,157 118,000 $100,000 493.296 75,000 40,000 Notes Payable Accounts Payable Rental Fees Received in Advance Income Taxes Payable Total Current Liabilities 1,172,924 1.166,635...
Current Attempt in Progress The following balances were taken from the books of Sheridan Corp. on...
Current Attempt in Progress The following balances were taken from the books of Sheridan Corp. on December 31, 2020. Interest revenue $87,300 Accumulated depreciation-equipment $41,300 Cash 52,300 Accumulated depreciation-buildings 29,300 156,300 Sales revenue Notes receivable 1,381,300 151,300 Accounts receivable Selling expenses 195,300 Prepaid insurance 21,300 Accounts payable 171,300 Sales returns and allowances 151,300 Bonds payable 101,300 Allowance for doubtful accounts Administrative and general expenses 98,300 8,300 46,300 Sales discounts Accrued liabilities 33,300 Land 101,300 Interest expense 61,300 Equipment 201,300 Notes...
The following items were selected from among the transactions completed by Sherwood Co. during the current...
The following items were selected from among the transactions completed by Sherwood Co. during the current year: Mar. 1 Purchased merchandise on account from Kirkwood Co., $390,000, terms n/30. 31 Issued a 30-day, 10% note for $390,000 to Kirkwood Co., on account. Apr. 30 Paid Kirkwood Co. the amount owed on the note of March 31. Jun. 1 Borrowed $156,000 from Triple Creek Bank, issuing a 45-day, 8% note. Jul. 1 Purchased tools by issuing a $216,000, 60-day note to...
--/1 Question 1 View Policies Current Attempt in Progress The following balances were taken from the...
--/1 Question 1 View Policies Current Attempt in Progress The following balances were taken from the books of Windsor Corp. on December 31, 2020. Interest revenue $87,350 Accumulated depreciation equipment $41,350 Cash 52,350 Accumulated depreciation-buildings 29,350 Sales revenue 1,381,350 Notes receivable 156,350 Accounts receivable 151,350 Selling expenses 195,350 Prepaid insurance 21,350 Accounts payable 171,350 Sales returns and allowances 151,350 Bonds payable 101,350 Allowance for doubtful accounts 8,350 Administrative and general expenses 98,350 Sales discounts 46,350 Accrued liabilities 33,350 Land 101,350...
help pls Question 4 View Policies Current Attempt in Progress The following balances were taken from...
help pls
Question 4 View Policies Current Attempt in Progress The following balances were taken from the books of Skysong Corp. on December 31, 2020. Interest revenue $87,250 52,250 Cash Sales revenue 1,381,250 Accounts receivable 151,250 Prepaid insurance 21,250 Accumulated depreciation-equipment $41,250 Accumulated depreciation-buildings 29,250 Notes receivable 156,250 Selling expenses 195,250 Accounts payable 171,250 Bonds payable 101,250 Administrative and general expenses 98,250 Accrued liabilities 33,250 Interest expense 61,250 Notes payable 101,250 Sales returns and allowances 151,250 8.250 Allowance for doubtful...
Search Margaret Maplethorpe w 8. De 11.2 dat Protected ViewSaved References Malings Review De Layout Help...
Search Margaret Maplethorpe w 8. De 11.2 dat Protected ViewSaved References Malings Review De Layout Help View Enable Editing the w DVB a y to edit to stay in Protected View Ece 13.2 quint Beg balance New equip Sale of equip Euse Acum Depan Reghalance Depa Expense Sale of equip Fnd Balance Comen stock Retained Warnings Beg balance Bands Payable Beg balance Now bonds Retire boods Fudbalance Dividends Ent balance comme stock End balance Use the following data to prepare...
The adjusted trial balance for Chiara Company as of December 31 follows. Credit Debit $ 145,000 55,500 20,480 170,500 16,500 168,880 $ 55,888 138,600 17.000 83,000 Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) Office Supplies Automobiles Accumulated depreciation-Automobiles Equipment Accumulated depreciation Equipment Land Accounts payable Interest payable Salaries payable Unearned fees Long-term notes payable Common stock Retained earnings Dividends Fees earned Interest earned Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense Office Supplies expense...
Note: Problems 1-4 relate to the trial balance below. Note: Problems 5 and 6 are independent (use information provided for each of these problems only). Marcel Sports Acct 311 - Quix 3 of 6 - Trial Balance s Det 140,000 475,000 s 28, 225 50,000 17.000 365,000 1,305,000 265,000 1,500,000 550,000 1,325,000 Accounts Receivable Allowance for Doubtful Accounts Notes Receivable Supplies Inventory 1/1/17 Equipment Accumulated Depercialion - Equipment Buildir Accumulated Depercialion - Building Land Accounts Payable Salaries and Wax Payable...
5248,000 225,000 756,400 754.358 Cash Marketable Equity Securities (Note 1) Accounts Receivable-Net (Note 2) Inventories (Note 3) Total Current Assets 374,000 954,950 102,000 Investment in Nowell Co.(15-percent owned) Investment in Knight Co.(25-percent owned) Total Investments 377.000 110,000 743,000 110,000 743,000 1,961,852 267.600) 1,151,692 Total Plant Assets at Cost Plant Assets-Net Total Assets IABILITIES AND SHAREHOLDERS' EQUITY $140,000 535,157 118,000 $100,000 493.296 75,000 40,000 Notes Payable Accounts Payable Rental Fees Received in Advance Income Taxes Payable Total Current Liabilities 1,172,924 1.166,635...
Current Attempt in Progress The following balances were taken from the books of Sheridan Corp. on December 31, 2020. Interest revenue $87,300 Accumulated depreciation-equipment $41,300 Cash 52,300 Accumulated depreciation-buildings 29,300 156,300 Sales revenue Notes receivable 1,381,300 151,300 Accounts receivable Selling expenses 195,300 Prepaid insurance 21,300 Accounts payable 171,300 Sales returns and allowances 151,300 Bonds payable 101,300 Allowance for doubtful accounts Administrative and general expenses 98,300 8,300 46,300 Sales discounts Accrued liabilities 33,300 Land 101,300 Interest expense 61,300 Equipment 201,300 Notes...
--/1 Question 1 View Policies Current Attempt in Progress The following balances were taken from the books of Windsor Corp. on December 31, 2020. Interest revenue $87,350 Accumulated depreciation equipment $41,350 Cash 52,350 Accumulated depreciation-buildings 29,350 Sales revenue 1,381,350 Notes receivable 156,350 Accounts receivable 151,350 Selling expenses 195,350 Prepaid insurance 21,350 Accounts payable 171,350 Sales returns and allowances 151,350 Bonds payable 101,350 Allowance for doubtful accounts 8,350 Administrative and general expenses 98,350 Sales discounts 46,350 Accrued liabilities 33,350 Land 101,350...
help pls
Question 4 View Policies Current Attempt in Progress The following balances were taken from the books of Skysong Corp. on December 31, 2020. Interest revenue $87,250 52,250 Cash Sales revenue 1,381,250 Accounts receivable 151,250 Prepaid insurance 21,250 Accumulated depreciation-equipment $41,250 Accumulated depreciation-buildings 29,250 Notes receivable 156,250 Selling expenses 195,250 Accounts payable 171,250 Bonds payable 101,250 Administrative and general expenses 98,250 Accrued liabilities 33,250 Interest expense 61,250 Notes payable 101,250 Sales returns and allowances 151,250 8.250 Allowance for doubtful...
Search Margaret Maplethorpe w 8. De 11.2 dat Protected ViewSaved References Malings Review De Layout Help View Enable Editing the w DVB a y to edit to stay in Protected View Ece 13.2 quint Beg balance New equip Sale of equip Euse Acum Depan Reghalance Depa Expense Sale of equip Fnd Balance Comen stock Retained Warnings Beg balance Bands Payable Beg balance Now bonds Retire boods Fudbalance Dividends Ent balance comme stock End balance Use the following data to prepare...
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