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Question 1: If there is equipment purchase on January 5, 2020, with a debt of Rp. 500,000,000 recorded by the company Dr., Equipment Rp. 500 million and Cr Cash Rp. 500 million, what are the consequences? If the company wants to make quarterly financial reports? And how do we correct if the transaction above has not been posted to the ledger and if it has been posted to the ledger?
Sail New England prduces small sailboats for beginning sailors and for small boat regattas. Sales in the most recent year were $5,000,000 with profits before taxes of $600,000. Annual S,G,& A expenses are approximaely $1000,000, direct materials and ..
Prepare a corrected trial balance at January 31. List the accounts in numerical order. Record the amounts in their proper debit or credit positions
Calculate the break-even value in Rands, calculate the income to be expected on sales of R180 000 and calculate the sales revenue required to produce net income of R5 000.
Preston Village engaged in the following transactions: It issued $20 million in bonds to purchase a new municipal office building. The proceeds were recorded in a capital projects fund. Prepare journal entries to reflect how the transactions would be..
What is Differentiated Instruction-What can be Differentiated-What is a Layered Curriculum
On July 1, 2014, Wheeler Company purchased $3,830,000 of Duggen Company’s 8% bonds, due on July 1, 2021. The bonds, which pay interest semi annually on January 1 and July 1, were purchased for $3,290,000 to yield 10%. Determine the amount of interest..
In January of 2016, Vega Corporation purchased a patent at a cost of $201,000. Legal and filing fees of $67,000 were paid to acquire the patent. The company estimated a 10-year useful life for the patent and uses the straight-line amortization method..
Knight Company reports the following costs and expenses in May. Factory utilities $19,000 Direct labor $69,760 Depreciation on factory equipment 17,850 Sales salaries 53,210 Depreciation on delivery trucks 4,860 Property taxes on factory building 3,3..
Many businesses around the world still fail because their capital investment decisions are based upon a calculation on the back of an envelope and do not take any of the correct factors into account. Do you agree or disagree? Discuss the alternative ..
The cost of production of completed and finished goods during the period amounted to $ 400,000 and the finished products shipped to customers had total production costs of $ 337,000. From the following, select the entry to record the transfer of cost..
What is the pre-tax income for the year 2012, what is the taxable book income for the year 2012 and what is the taxable income for the year 2012?
On January 1, 2014, Tonika Corporation issued a seven-year, $10,000, 7% bond. The interest is payable annually each December 31. The issue price was $9,479 based on an 8% effective interest rate. Assuming effective-interest amortization is used, the ..
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