please answer all the questions. Identifying Transactions National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first month of operations, are indicated in the following T accounts: Cash 75,000 (2) 8,150(3) 1,600 6,280 2,700 900 Accounts Receivable 12,300 (7) Supplies 900 (8) . Equipment 8,000 Accounts Payable 2,700|(3) eBook...
Brief Exercise 135 (Part Level Submission) Garr Co. issued $6,000,000 of 12 % , 5-year convertible bonds on December 1, 2017 for $6,025,480 plus accrued interest. The bonds were dated April 1, 2017 with interest payable April 1 and October 1. Bond premium is amortized each interest period on a straight-line basis. Garr Co. has a fiscal year end of...
5. Merchandise with a list price of $3,800 and costing $2.,000 is sold on account, subject to the following terms: FOB shipping point, 2/10, n/30. The seller prepays the $50 shipping charges and bills the customer, (seller pays Cash). Prior to payment for the goods, the seller issues a credit memorandum for $800 to the customer for merchandise costing $500...
Please find the answers and show how to solve: At December 31. Year 1, the accounting records of Braun Corporation contain the following items: 10 $ 11,000 $ 230,000 30,000 Accounts Payable Land Capital Stock Building Retained Earnings Accounts Receivable Cash Equipment Notes Payable $ 170,000 $ 150,000 $ 110,000 $ 180,000 cBook If Cash at December 31, Year 1,...
Toledo Toy Company incurred the following costs during 20x4. The company sold all of its products manufactured during the year.Direct Materials₱ 5,000,000 Direct Labor 3,500,000 Manufacturing Overhead: Utilities (primarily electricity)250,000 Depreciation Plant and Equipment350,000 Insurance260,000 Supervisory Salary 470,000 Property Taxes330,000 Selling Cost: Advertising315,000 Sales Commission145,000 Administrative Costs: Salaries of Top...
Analyzing and Reporting Financial Statement Effects of Bond Transactions On January 1 of the current year, Shields Inc. issued $1,000,000 of 9%, 20-year bonds for $1,098,964, yielding a market (yield) rate of 8%. Semiannual interest is payable on June 30 and December 31 of each year. a. Show Excel inputs to confirm the bond issue price. Note: Round your answer...
Problem 8.1A Recording purchases and cash payments. LO 8-1, 8-3 Annette’s Photo Shop is a retail store that sells cameras and photography supplies. Annette’s Photo Shop began operations April 1, 2019 and uses the periodic system. The firm purchases its merchandise for cash and on open account. During April, Annette’s Photo Shop engaged in the following transactions: DATE TRANSACTIONS 2019...
Phuket 178 Chapter 5 P5-6A Items from the accounts of Marchand Distributors at May 31, 2020, follow, listed in alphabetical order. Marchand Distributors was the perpetual inventory system. For simplicity, the operating expenses are summarized in the General Expenses and the Selling Expenses accounts Accounts Payable. $ 51,000 Interest Payable..... $ 2.800 Accounts Receivable.... 107,500 Interest Revenue... 600 Accumulated Amortization-Equipment....
please help thanks Last year's financial statements for VanDiest Chemical are below. VanDiest is expecting sales to grow by 15 percent this year. Their tax rate is 25 percent and their dividend payout rate is expected to remain at 25 percent. Costs, selling and administration expense, current assets, accounts payable, and accrued taxes increase proportionally with sales. Interest expense. notes...
Required: Prepare a complete statement of cash flows using the Indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.) Its incomplete Return to question Required information (The following information applies to the questions displayed below.] Golden Corp's current year income statement, comparative balance sheets, and additional information follow. For the year, (1)...