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Soru 9 Please write dollar amounts without any comma point, or Joe signs a $5,000,8%, 6-month...
Soru 4 Please write dollar amounts without any comma, point, or $ Orleans Company was incorporated...
Soru 4 Please write dollar amounts without any comma, point, or $ Orleans Company was incorporated on January 1, 2012. Orleans issued 4,000 shares of common stock and 500 shares of preferred stock on that date. The preferred shares are cumulative $100 par, with an 84 dividend rate. Orleans has not paid any dividends yet. In 2015, Orleans had its first profitable year, and on November 1, 2015, Orleans declared a total dividend of $28.000 The total amount that will...
Please write dollar amounts without any comma, point, or $ On January 1, 2013, Davie Services...
Please write dollar amounts without any comma, point, or $ On January 1, 2013, Davie Services issued $20,000 of 8% bonds that mature in five years. They were sold at par. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On June 30, 2013, the total interest payments made to bondholders is $
Windsor, Inc. signs a $36000, 10%, 6-month note payable on September 1, 2021. How much interest...
Windsor, Inc. signs a $36000, 10%, 6-month note payable on September 1, 2021. How much interest expense will Windsor report in its 2022 financial statements? A) $0 B) $600 C) $1200 D) $1800
please show work and give me explanation 9. At December 31, 2013, before any year-end adjustments,...
please show work and give me explanation
9. At December 31, 2013, before any year-end adjustments, Murmur Company's Insurance Expense account had a balance of $1.450 and its Prepaid Insurance account had a balance of $3,800. It was determined that $2,800 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be a. $1,450. $2,450. $2,800. $4,250. cu dod 6. NWA Air Charter signed a four-month note payable in the amount of $20.000 on...
On 3/1/2016, PeeDee Corp. signs a $400,000 6-month zero-interest bearing note. The prevailing market rate for...
On 3/1/2016, PeeDee Corp. signs a $400,000 6-month zero-interest bearing note. The prevailing market rate for similar transactions is 9%. PeeDee has a fiscal year end on June 30. prepare the entries to record the issuance of the note and any entries required during 2016.
Adjustment information as of September 30, 2013 not already given in original transactions: Joe was very...
Adjustment information as of September 30, 2013 not already
given in original transactions:
Joe was very conscientious in checking his customers' credit
history. However, while at the Nevada State Boat Show, he learned
that it is customary within the pleasure boating industry for
retail boat sales to suffer bad debt losses equal to 5% of
credit sales. Joe decides that it is prudent to
use the 5% industry-wide standard until he has more experience with
his own business and customers....
Please, I need help fixing the answers that I have incorrect. Your answer is partially correct....
Please, I need help fixing the answers that I have
incorrect.
Your answer is partially correct. Try again. Nicholas Ram Corporation have a $1,400,000 "bond issue" dated March 1, 2016 due in 15 years with an annual interest rate of 6%. Interest is payable March 1 and September 1. On August 1, 2016, the bond was sold for $1,505,000 plus accrued interest. Using the straight-line method, prepare the general journal entries for each of the following: a) The issuance of...
Please provide the information required below and show your work for your answers. Round all amounts...
Please provide the information required below and show your work for your answers. Round all amounts to the nearest dollar. Circle the appropriate answer when choices are provided. 1. (16 pts) The following selected transactions pertain to United Corporation in 2021. United’s fiscal year ends on December 31. On August 1, United sold custom-made small electronics with invoice price of $280,000 to a corporate customer. The products are backed with a 3-month warranty. The customer paid extra $3,000 for...
MERCHANDISING ACOUNTING Joe Blink an his brother Paul opened Blink's Partnership Company Merchandising business on July...
MERCHANDISING ACOUNTING Joe Blink an his brother Paul opened Blink's Partnership Company Merchandising business on July 1. The company applies the perpetual inventory system. July 1 Joe and Paul each invest $70,000 cash in a new partnership Purchased merchandise form Boden Company for $8,000 under credit terms of 1/15, n/30, FOB shipping point, invoice dated July 1 Purchased used truck from Carter for $8,000, paying $3,000 cash and the balance On account. Sold merchandise that cost $3,500 to Rivera's Co....
please show work 5. What is the proper adjusting entry at June 30, the end of...
please show work
5. What is the proper adjusting entry at June 30, the end of the fiscal year, based on a prepaid insurance account balance before adjustment, $18,500, and unexpired amounts per analysis of policies of $6,000? a. Debit Insurance Expense, $6,000; Credit Prepaid Insurance, $6,000. b. Debit Insurance Expense, $18,500; Credit Prepaid Insurance. $18.500. C. Debit Prepaid Insurance, $12,500; Credit Insurance Expense, $12,500. d. Debit Insurance Expense, $12,500; Credit Prepaid Insurance, $12,500 6. NWA Air Charter signed a...
Soru 4 Please write dollar amounts without any comma, point, or $ Orleans Company was incorporated on January 1, 2012. Orleans issued 4,000 shares of common stock and 500 shares of preferred stock on that date. The preferred shares are cumulative $100 par, with an 84 dividend rate. Orleans has not paid any dividends yet. In 2015, Orleans had its first profitable year, and on November 1, 2015, Orleans declared a total dividend of $28.000 The total amount that will...
please show work and give me explanation
9. At December 31, 2013, before any year-end adjustments, Murmur Company's Insurance Expense account had a balance of $1.450 and its Prepaid Insurance account had a balance of $3,800. It was determined that $2,800 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be a. $1,450. $2,450. $2,800. $4,250. cu dod 6. NWA Air Charter signed a four-month note payable in the amount of $20.000 on...
Adjustment information as of September 30, 2013 not already
given in original transactions:
Joe was very conscientious in checking his customers' credit
history. However, while at the Nevada State Boat Show, he learned
that it is customary within the pleasure boating industry for
retail boat sales to suffer bad debt losses equal to 5% of
credit sales. Joe decides that it is prudent to
use the 5% industry-wide standard until he has more experience with
his own business and customers....
Please, I need help fixing the answers that I have
incorrect.
Your answer is partially correct. Try again. Nicholas Ram Corporation have a $1,400,000 "bond issue" dated March 1, 2016 due in 15 years with an annual interest rate of 6%. Interest is payable March 1 and September 1. On August 1, 2016, the bond was sold for $1,505,000 plus accrued interest. Using the straight-line method, prepare the general journal entries for each of the following: a) The issuance of...
MERCHANDISING ACOUNTING Joe Blink an his brother Paul opened Blink's Partnership Company Merchandising business on July 1. The company applies the perpetual inventory system. July 1 Joe and Paul each invest $70,000 cash in a new partnership Purchased merchandise form Boden Company for $8,000 under credit terms of 1/15, n/30, FOB shipping point, invoice dated July 1 Purchased used truck from Carter for $8,000, paying $3,000 cash and the balance On account. Sold merchandise that cost $3,500 to Rivera's Co....
please show work
5. What is the proper adjusting entry at June 30, the end of the fiscal year, based on a prepaid insurance account balance before adjustment, $18,500, and unexpired amounts per analysis of policies of $6,000? a. Debit Insurance Expense, $6,000; Credit Prepaid Insurance, $6,000. b. Debit Insurance Expense, $18,500; Credit Prepaid Insurance. $18.500. C. Debit Prepaid Insurance, $12,500; Credit Insurance Expense, $12,500. d. Debit Insurance Expense, $12,500; Credit Prepaid Insurance, $12,500 6. NWA Air Charter signed a...
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