Give the entires on may and april

Assignment Help Accounting Basics
Reference no: EM132791709

Problem 1: On May 1, 2016 the Unison Company purchased equipment issuing an interest-bearing note due April 30,2017. There is no established cash price for the equipment. Give the entires on May 1, 2016, Dec. 1, 2016 and April 30, 2017. Do not include the amounts.

Reference no: EM132791709

Questions Cloud

What is the rate of unemployment : What is the "rate of unemployment", what components does it consists of, and how is it calculated? What happened to this rate in Australia during 1970-1983, dur
Compute the amount of consolidated net income : A Reporting Company acquires a 35 percent interest in a Legal Entity for $245,000 cash. Compute the amount of consolidated net income
Demonstrates the effects of the proposed policies : Draw An appropriate Aggregate Supply and Demand Graph and Short-Run Phillips Curve clearly demonstrates the effects of the proposed policies.
What is the entry on december assuming jefferson uses : What is the entry on December 31 assuming Jefferson uses the net method, and the obligation is still unpaid on the said date?
Give the entires on may and april : There is no established cash price for the equipment. Give the entires on May 1, 2016, Dec. 1, 2016 and April 30, 2017. Do not include the amounts.
What should be included in current notes payable account : E. Included on Harding Company's liability, What should be included in current notes payable account in the statement of financial poison on December 31, 2016?
Which of any service that requires a cpa firm to issue : Which of Any service that requires a CPA firm to issue a report about the reliability is? Which is considered a violation of client`s privacy by the auditor?
Calculate three investment ratios for each companies : Consider the following information for two companies in the same industry. Calculate three Investment Ratios for each of the above companies
What is mason self-employment tax liability : What is Mason's self-employment tax liability? Mason (single) is a 50 percent shareholder in Angels Corp. (an S Corporation). Mason receives a $185,500 salary

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd