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Question 1. Please elaborate the 2021 yearly (not monthly) Income statement (per city and total, as shown in the chart above) and the 31/12/21 and 01/01/22 total Balance Sheet (not necessary the B/S per city). Show your calculations including the formulas and comment the assumptions if any
Question 2. Journalize the following book entries: yearly depreciation, capital increase and disbursement, bonds issuance and coupon rate first interest payment. Also calculate the dividend that should be distributed if any, and in that case show the book entry that should be journalized and when should it be accrued. Show your calculations including the formulas and comment the assumptions if any
Attachment:- elaborate 2021.zip
Trek Holidays Company signed a 9%, 10-year note for $150,000. The company paid $1,900 as the instalment for the first month. After the first payment, what is the updated principal balance?
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Castle Leasing Company signs a lease agreement on January 1, 2014, to lease electronic equipment to Jan Way Company. The term of the noncancelable lease is 2 years, and payments are required at the end of each year.
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