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Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5,...
Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5, 120 Cash Balance Cash May 1, 2021 + Receipts $5,290 $11.990 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Amount $ 1,450 1,880 2,510 2,980 3,170 Date 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursementa $12,160 Cash Disbursements Check! Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Amount S 1.290 1,...
DIAE ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31,...
DIAE ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5,100 Cash Balance Cash May 1, 2021 + Receipts $5,280 $12,040 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Date 5/7 Cash Disbursements $12,220 Cash Disbursements Check Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Amount $ 1,460 1,890 2,520 2,990 3,180 5/12 5/15 5/22 5/30 5/31 Amount $ 1,300...
DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31,...
DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5,200 Cash Balance Cash May 1, 2021 + Receipts $5,330 $11,790 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Amount $ 1,410 1,840 2,470 2,940 3,130 Date 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursements $11,920 Cash Disbursements Check# Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising Supplies 476 Salaries Amount $ 1,250 1,620...
DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31,...
Required information[The following information applies to the questions displayed below.] The cash records and bank statement for the month of May for Diaz Entertainment are shown below. DIAZ ENTERTAINMENTCash Account RecordsMay 1, 2021, to May 31, 2021Cash BalanceCash BalanceMay 1, 2021+Cash Receipts−Cash Disbursements=May 31, 2021$5,300$11,940$12,100$5,140Cash ReceiptsCash DisbursementsDateDesc.AmountDateCheck#Desc.Amount5/3Sales$1,4405/7471Legal fees$1,2805/10Sales1,8705/12472Property tax1,6505/17Sales2,5005/15473Salaries3,5805/24Sales2,9705/22474Advertising1,4805/31Sales3,1605/30475Supplies5305/31476Salaries3,580$11,940$12,100 P.O. Box 162647Midwest BankMember FDICBowlegs, OK 74830Looking Out For You(405) 369-CASHAccount Holder:Diaz EntertainmentAccount Number:7772854360124 Saddle Blvd,Bowlegs, OK 74830Statement Date:May 31, 2021Account SummaryBeginning BalanceDeposits and CreditsWithdrawals and DebitsEnding BalanceMay 1, 2021NO.TotalNO.TotalMay 31, 2021$6,2407$10,0669$9,938$6,368Account DetailsDeposits and...
Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance Cash Balance May 31,...
Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance Cash Balance May 31, 2021 $5,360 May 1, 2021 + Cash Receipts $5,410 $11, 390 Cash Receipts Date Desc. Amount 5/3 Sales $ 1,330 Sales 1,760 5/17 Sales 2,390 5/24 Sales 2,860 5/31 Sales 3,850 Cash Disbursements $11,440 Cash Disbursements Check Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Date 5/7 5/12 5/15 5/22 5/30 5/31 5/10 Amount $ 1,170 1,548...
DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31,...
DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5,200 Cash Balance Cash May 1, 2021 + Receipts $5,330 $11,790 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Amount $ 1,410 1,840 2,470 2,940 3,130 Date 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursements $11,920 Cash Disbursements Check Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Amount $ 1,250...
On May 1, 2021, Green Corporation issued $1,600,000 of 12% bonds, dated January 1, 2021, for...
On May 1, 2021, Green Corporation issued $1,600,000 of 12% bonds, dated January 1, 2021, for $1,408,000 plus accrued interest. The market rate of interest was 13%. The bonds pay interest semiannually on June 30 and December 31 Green's fiscal year ends on December 31 each year. Required: 1. Determine the amount of accrued interest that was included in the proceeds received from the bond sale. 2. Prepare the journal entry for the issuance of the bonds. Complete this question...
On May 1, 2021. Joe purchased $200,000 in zero-coupon bonds that mature on May 1, 2041....
On May 1, 2021. Joe purchased $200,000 in zero-coupon bonds that mature on May 1, 2041. The bonds pay no interest during the period of time they are outstanding. The interest rate for such borrowings is at 9%. Interest compounds annually. (EV of $1. PV of $1 FVA of $1. PVA Of 51. FVAD of $1 and PVAD of 51) (Use appropriate factor(s) from the tables provided. Enter your answer rounded to the nearest whole dollar.) Required: Calculate the price...
On May 1, 2021, Joe purchased $270,000 in zero-coupon bonds that mature on May 1, 2041....
On May 1, 2021, Joe purchased $270,000 in zero-coupon bonds that mature on May 1, 2041. The bonds pay no interest during the period of time they are outstanding. The interest rate for such borrowings is at 10%. Interest compounds annually. (CV of $1. PV of $1. EVA Of 51. PVA Of $1. FVADO $1 and PVADOR $1 (Use appropriate factor(s) from the tables provided. Enter your answer rounded to the nearest whole dollar.) Required: Calculate the price Joe paid...
On May 1, 2021, Joe purchased $220,000 in zero-coupon bonds that mature on May 1, 2041....
On May 1, 2021, Joe purchased $220,000 in zero-coupon bonds that mature on May 1, 2041. The bonds pay no interest during the period of time they are outstanding. The interest rate for such borrowings is at 8%. Interest compounds annually. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Enter your answer rounded to the nearest whole dollar.) Required: Calculate the price...
Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5, 120 Cash Balance Cash May 1, 2021 + Receipts $5,290 $11.990 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Amount $ 1,450 1,880 2,510 2,980 3,170 Date 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursementa $12,160 Cash Disbursements Check! Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Amount S 1.290 1,...
DIAE ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5,100 Cash Balance Cash May 1, 2021 + Receipts $5,280 $12,040 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Date 5/7 Cash Disbursements $12,220 Cash Disbursements Check Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Amount $ 1,460 1,890 2,520 2,990 3,180 5/12 5/15 5/22 5/30 5/31 Amount $ 1,300...
DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5,200 Cash Balance Cash May 1, 2021 + Receipts $5,330 $11,790 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Amount $ 1,410 1,840 2,470 2,940 3,130 Date 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursements $11,920 Cash Disbursements Check# Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising Supplies 476 Salaries Amount $ 1,250 1,620...
Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance Cash Balance May 31, 2021 $5,360 May 1, 2021 + Cash Receipts $5,410 $11, 390 Cash Receipts Date Desc. Amount 5/3 Sales $ 1,330 Sales 1,760 5/17 Sales 2,390 5/24 Sales 2,860 5/31 Sales 3,850 Cash Disbursements $11,440 Cash Disbursements Check Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Date 5/7 5/12 5/15 5/22 5/30 5/31 5/10 Amount $ 1,170 1,548...
DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5,200 Cash Balance Cash May 1, 2021 + Receipts $5,330 $11,790 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Amount $ 1,410 1,840 2,470 2,940 3,130 Date 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursements $11,920 Cash Disbursements Check Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Amount $ 1,250...
On May 1, 2021, Green Corporation issued $1,600,000 of 12% bonds, dated January 1, 2021, for $1,408,000 plus accrued interest. The market rate of interest was 13%. The bonds pay interest semiannually on June 30 and December 31 Green's fiscal year ends on December 31 each year. Required: 1. Determine the amount of accrued interest that was included in the proceeds received from the bond sale. 2. Prepare the journal entry for the issuance of the bonds. Complete this question...
On May 1, 2021. Joe purchased $200,000 in zero-coupon bonds that mature on May 1, 2041. The bonds pay no interest during the period of time they are outstanding. The interest rate for such borrowings is at 9%. Interest compounds annually. (EV of $1. PV of $1 FVA of $1. PVA Of 51. FVAD of $1 and PVAD of 51) (Use appropriate factor(s) from the tables provided. Enter your answer rounded to the nearest whole dollar.) Required: Calculate the price...
On May 1, 2021, Joe purchased $270,000 in zero-coupon bonds that mature on May 1, 2041. The bonds pay no interest during the period of time they are outstanding. The interest rate for such borrowings is at 10%. Interest compounds annually. (CV of $1. PV of $1. EVA Of 51. PVA Of $1. FVADO $1 and PVADOR $1 (Use appropriate factor(s) from the tables provided. Enter your answer rounded to the nearest whole dollar.) Required: Calculate the price Joe paid...
On May 1, 2021, Joe purchased $220,000 in zero-coupon bonds that mature on May 1, 2041. The bonds pay no interest during the period of time they are outstanding. The interest rate for such borrowings is at 8%. Interest compounds annually. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Enter your answer rounded to the nearest whole dollar.) Required: Calculate the price...
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