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DILYO MTU Water Bill B Sign in to your Saved Old World Pizza has a plece...
What is the correct debit and credit journal entries? Also the account names say old or...
What is the correct debit and credit journal entries?
Also the account names say old or new, if your response could
include the correct account names that would be perfect.
Chapter 10 Homework i 2 Exercise 10-17 (Algo) Nonmonetary exchange [LO10-6] The Bronco Corporation exchanged land for equipment. The land had a book value of $128,000 and a fair value of $166.000. Bronco received $18.000 from the owner of the equipment to complete the exchange which has commercial substance. 0.3...
Chapter 08 Homework o Saved Cala Manufacturing purchases a large lot on which an old building...
Chapter 08 Homework o Saved Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $227,000 for the lot plus $122,000 for the old building. The company pays $31,100 to tear down the old building and $45.974 to fill and level the lot. It also pays a total of $1,837,608 in construction costs—this amount consists of $1,728,500 for the new building and...
The Tinsley Company exchanged land that it had been holding for future plant expansion for a...
The Tinsley Company exchanged land that it had been holding for future plant expansion for a more suitable parcel located farther from residential areas. Tinsley carried the land at its original cost of $100,000. According to an independent appraisal, the land currently is worth $240,000. Tinsley paid $33,000 in cash to complete the transaction. Required: 1. What is the fair value of the new parcel of land received by Tinsley assuming the exchange has commercial substance? 2. Prepare the journal...
Saved mework B 0 2. As of December 31, the company has earned, but not yet...
Saved mework B 0 2. As of December 31, the company has earned, but not yet recorded, $450 of interest revenu responsible bonds. The interest revenue is expected to be received on January 12 For each of the above separate cases, prepare the required December 31 year-end adjusting e View transaction list Journal entry worksheet 1 2 3 4 5 Depreciation on the company's wind turbine equipment for the year is $5,500. Note: Enter debits before credits. Transaction Credit General...
Saved Help S. Required information No Date General Jourmal Debit Credit 1 March 12 Cash 37,200...
Saved Help S. Required information No Date General Jourmal Debit Credit 1 March 12 Cash 37,200 Accounts Receivable 20,800 Service Revenue 58,000 2 May 02 17,800 Cash Accounts Receivable 17,800 3 June 30 Cash 4,000 Common Stock 4.000 4 August 01 6,600 Salaries Payable Cash 6,600 5 September 25 12.800 Repairs and Maintenance Expense Cash 12,800 6 October 19 7,800 Equipment Cash 7,800 7 December 30 1,200 Dividends Cash 1,200 < Prey 2 3 4 8 of 20 Next >...
Homework 3 Saved Help Save & Exit Submit Check my work Part 1 of 2 Required...
Homework 3 Saved Help Save & Exit Submit Check my work Part 1 of 2 Required information The following information applies to the questions displayed below.) Ricky's Plano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: points Skipped $ 5,800 Accounts Payable 33,750 Deferred Revenue (deposits) $10,050 4,600 eBook Cash Accounts Receivable Supplies Equipment...
Ristoni Company is in the process of emerging from a Chapter 11 bankruptcy. It will apply...
Ristoni Company is in the process of emerging from a Chapter 11 bankruptcy. It will apply fresh start accounting as of December 31, 2017. The company currently has 40,000 shares of common stock outstanding with a $320,000 par value. As part of the reorganization, the owners will contribute 26,000 shares of this stock back to the company. A retained earnings deficit balance of $471,000 exists at the time of this reorganization. The company has the following asset accounts: Accounts receivable...
aded hw problems - REQ'D A Saved C9-1 Accounting for Operating Activities (Including Depreciation) and Preparing...
aded hw problems - REQ'D A Saved C9-1 Accounting for Operating Activities (Including Depreciation) and Preparing Financial Statements (Chapters 3, 4, 8, and 9) [LO 3-3, 4-2, 8-29-2, 9-3) Grid Iron Prep Inc. (GIPI) is a service business incorporated in January of the current year to provide personal training for athletes aspiring to play college football. The following transactions occurred during the month ended January 31. a. GIPI issued stock in exchange for $100,000 cash on 1/01. b. GIPI purchased...
A company has the following transactions during the month of February February 2 Pay $670 for...
A company has the following transactions during the month of February February 2 Pay $670 for radio advertising for February. February 7 Purchase beauty supplies of $1,270 on account. February 14 Provide beauty services of $2,750 to customers and receive cash. February 15 Pay employee salaries for the current month of $870. February 25 Provide beauty services of $970 to customers on account. February 28 Pay utility bill for the current month of $270. Required: Record each transaction. The company...
Photos Screerwhot (1png See all photos + Ad to O Search thare The following events occurred...
Photos Screerwhot (1png See all photos + Ad to O Search thare The following events occurred for Favata Company a. Received $20.000 cash from owners and issued stock to them. b. Borrowed $17,000 cash from a bank and signed a note due later this year. c. Bought and received $1,800 of equipment on account. d. Purchased land for $32,000: paid $3,000 in cash and signed a long-term note for $29,000. e. Purchased $13,000 of equipment; paid $3,000 in cash and...
What is the correct debit and credit journal entries?
Also the account names say old or new, if your response could
include the correct account names that would be perfect.
Chapter 10 Homework i 2 Exercise 10-17 (Algo) Nonmonetary exchange [LO10-6] The Bronco Corporation exchanged land for equipment. The land had a book value of $128,000 and a fair value of $166.000. Bronco received $18.000 from the owner of the equipment to complete the exchange which has commercial substance. 0.3...
Chapter 08 Homework o Saved Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $227,000 for the lot plus $122,000 for the old building. The company pays $31,100 to tear down the old building and $45.974 to fill and level the lot. It also pays a total of $1,837,608 in construction costs—this amount consists of $1,728,500 for the new building and...
The Tinsley Company exchanged land that it had been holding for future plant expansion for a more suitable parcel located farther from residential areas. Tinsley carried the land at its original cost of $100,000. According to an independent appraisal, the land currently is worth $240,000. Tinsley paid $33,000 in cash to complete the transaction. Required: 1. What is the fair value of the new parcel of land received by Tinsley assuming the exchange has commercial substance? 2. Prepare the journal...
Saved mework B 0 2. As of December 31, the company has earned, but not yet recorded, $450 of interest revenu responsible bonds. The interest revenue is expected to be received on January 12 For each of the above separate cases, prepare the required December 31 year-end adjusting e View transaction list Journal entry worksheet 1 2 3 4 5 Depreciation on the company's wind turbine equipment for the year is $5,500. Note: Enter debits before credits. Transaction Credit General...
Saved Help S. Required information No Date General Jourmal Debit Credit 1 March 12 Cash 37,200 Accounts Receivable 20,800 Service Revenue 58,000 2 May 02 17,800 Cash Accounts Receivable 17,800 3 June 30 Cash 4,000 Common Stock 4.000 4 August 01 6,600 Salaries Payable Cash 6,600 5 September 25 12.800 Repairs and Maintenance Expense Cash 12,800 6 October 19 7,800 Equipment Cash 7,800 7 December 30 1,200 Dividends Cash 1,200 < Prey 2 3 4 8 of 20 Next >...
Homework 3 Saved Help Save & Exit Submit Check my work Part 1 of 2 Required information The following information applies to the questions displayed below.) Ricky's Plano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: points Skipped $ 5,800 Accounts Payable 33,750 Deferred Revenue (deposits) $10,050 4,600 eBook Cash Accounts Receivable Supplies Equipment...
Ristoni Company is in the process of emerging from a Chapter 11 bankruptcy. It will apply fresh start accounting as of December 31, 2017. The company currently has 40,000 shares of common stock outstanding with a $320,000 par value. As part of the reorganization, the owners will contribute 26,000 shares of this stock back to the company. A retained earnings deficit balance of $471,000 exists at the time of this reorganization. The company has the following asset accounts: Accounts receivable...
aded hw problems - REQ'D A Saved C9-1 Accounting for Operating Activities (Including Depreciation) and Preparing Financial Statements (Chapters 3, 4, 8, and 9) [LO 3-3, 4-2, 8-29-2, 9-3) Grid Iron Prep Inc. (GIPI) is a service business incorporated in January of the current year to provide personal training for athletes aspiring to play college football. The following transactions occurred during the month ended January 31. a. GIPI issued stock in exchange for $100,000 cash on 1/01. b. GIPI purchased...
A company has the following transactions during the month of February February 2 Pay $670 for radio advertising for February. February 7 Purchase beauty supplies of $1,270 on account. February 14 Provide beauty services of $2,750 to customers and receive cash. February 15 Pay employee salaries for the current month of $870. February 25 Provide beauty services of $970 to customers on account. February 28 Pay utility bill for the current month of $270. Required: Record each transaction. The company...
Photos Screerwhot (1png See all photos + Ad to O Search thare The following events occurred for Favata Company a. Received $20.000 cash from owners and issued stock to them. b. Borrowed $17,000 cash from a bank and signed a note due later this year. c. Bought and received $1,800 of equipment on account. d. Purchased land for $32,000: paid $3,000 in cash and signed a long-term note for $29,000. e. Purchased $13,000 of equipment; paid $3,000 in cash and...
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