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> Problems Group A P11-31A Journalizing liability transactions and reporting sheet The following transactions of Smith...
Long-Term Liabilities 789 > Problems Group A P14-32A Journalizing liability transactions and reporting them on the balance sheet The following transactions of Johnson Pharmacies occurred during 2018 and 2019: Learning Objectives 1,5 2. Total Liabilities 5653,334 2018 Mar. 1 Borrowed $450,000 from Coconut Creek Bank. The 15-year, 5% note requires payments due annually, on March 1. Each payment consists of $30,000 principal plus one year's interest. Dec. 1 Mortgaged the warehouse for $250,000 cash with Saputo Bank. The mortgage requires...
> Problems Group A 12-32A Journaling liability transactions and reporting them on the balance Learning Objectives 1,5 Mariborrowed 5450.000 from Coconut Creek Bank. The 15 years note requires payments due annually, on March 1. Each payment consists of $30.000 principal plus one year interest Dec. Mortgaged the warehouse for $250.000 cash with Saputo Bank. The mortgage requires monthly payments of $8,000. The interest rate on the notes 125 and accrues monthly. The first payment is due on January 1, 2019...
Requirement 1. Journalize the transactions in the Emergency Pharmacies general journal. Round all answers to the nearest dollar. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Mar. 1, 2018: Borrowed $100,000 from Margate Bank. The five-year, 7% note requires payments due annually, on March 1. Each payment consists of $20,000 principal plus one year's interest. Date Accounts Debit Credit 2018 Mar. 1 100,000 Cash Notes Payable 100,000 1. Journalize the transactions in the...
More Info 2018 Mar. 1 Borrowed $525,000 from Naples Bank. The 15-year, 5% note requires payments due annually, on March 1 . Each payment consists of $35,000 principal plus one years interest. Mortgaged the warehouse for $150,000 cash with Sandi Bank. The mortgage requires monthly payments of $2,000. The interest rate on the note is 6% and accrues monthly. The first payment is due on January 1, 2019. Recorded interest accrued on the Sandi Bank note. Recorded interest accrued on...
P11-27A Journalizing liability transactions Learning Objectives 1, 3 The following transactions of Denver Pharmacies occurred during 2013 and 2014: Jan. 29 Cash $16,960 Dec. 31 Interest Expense $360 2013 Jan. 9 Purchased computer equipment at a cost of $9,000, signing a six-month, 6% note payable for that amount. Recorded the week's sales of $64,000, three-fourths on credit and one-fourth for cash. Sales amounts are subject to a 6% state sales tax. Ignore cost of goods sold. Sent the last week's...
ents due annually, on March 1. Each payment consists of $20,000 principal plus one year's interest. redit More Info 2018 Mar. 1 Borrowed $300,000 from Bartow Bank. The 15-year, 9% note requires payments due annually, on March 1. Each psyment consists of $20,000 principal plus one year's interest Dec. 1 Mortgaged the warehouse for $400,000 cash with Sammon Bank. The mortgage requires monthly payments of $6,000. The interest rate on the note is 6 % and accrues monthly. The first...
1 P14-31A Analyzing, journalizing, and reporting bond transactions Billy's Hamburgers issued 596, 10-year bonds payable at 90 on December 31, 2012. At December 31, 2014, Billy reported the bonds payable as follows: Long Term Liabilities: Bonds Payable Less: Discounts on Bonds Payable Net Bonds Payable $ 400,000 s 32,000 s 368,000 10 12 13 14 15 16 17 18 P14-31A 19 20 Billy pays semiannual interest each June 30 and December 31 Calc Format Total 4.00 4.00 3.00 N/A 11.00...
1 P14-31A Analyzing, journalizing, and reporting bond transactions Billy's Hamburgers issued 596, 10-year bonds payable at 90 on December 31, 2012. At December 31, 2014, Billy reported the bonds payable as follows: Long Term Liabilities: Bonds Payable Less: Discounts on Bonds Payable Net Bonds Payable $ 400,000 s 32,000 s 368,000 10 12 13 14 15 16 17 18 P14-31A 19 20 Billy pays semiannual interest each June 30 and December 31 Calc Format Total 4.00 4.00 3.00 N/A 11.00...
The following transactions of Smith Pharmacies occurred during 2016 and 2017 (Click the icon to view the transactions) 1. Joumalze the transactions in the Smch Pharmacies general joumal. Round all answers to the nearest dollar. Explanations are not required 2 Prepare the labities section ef the balance sheet for Smith Phiarmacies en March 1, 2017 af.er all the jounal entries are reccrded Requirement 2. Prepare the liabilities section of the balance sheet for Smich Pharmacies on March 1, 2017 after...
0-27A Journalizing liability transactions following transactions of Houston Pharmacies occurred during 2015 and 2016: Current Liabilities and Payroll Learning Objectives 1,3 2015 Jan. 29 Cash $17,490 9 Jan. 9 Purcha 29 Feb. 5 Jul 9 Aug 31 Purchased computer equipment at a cost of $13,000, signing a six-month, 9% note payable for that amount. Recorded the week's sales of $66,000, three-fourths on credit and one-fourth for cash Sales amounts are subject to a 6% state sales tax. Ignore cost of...