User Account

All Pages

Hidden lakes company purchased a delivery truck

Assignment Help Accounting Basics
Reference no: EM13512354

Hidden Lakes Company purchased a delivery truck. The total cash payment was $30,020, including the following items.

Negotiated purchase price

$24,000

Installation of special shelving

1,100

Painting and lettering

900

Motor vehicle license

180

Annual insurance policy

2,400

Sales tax

1,440

Total paid

$30,020

Explain how each of these costs would be accounted for.

Reference no: EM13512354

Questions Cloud

How to account for the costs of upgrading the site : Now that she is selling mixers and her customers can use credit cards to pay for them, Natalie is thinking of upgrading her website so that she can sell mixers online, to broaden her range of customers. She will need to known how to account for th..
Find power of sound does the jet produce at take-off : A jet plane at take-off can produce sound of intensity 9.90 W/m^2 at 30.3 m away. What power of sound does the jet produce at take-off
Analyze the transactions using the table : Analyze the transactions using the table column headings. Enter the number of each transaction in the Item column, and enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate the account title.
Explain mass of cleaved and uncleaved polymer solution : How do I calculate the viscosity average and number average molecular weights of polyvinyl alcohol given the molar mass of cleaved and uncleaved polymer solution. (Also given intrinsic viscosity concentration, other experimental data)
Hidden lakes company purchased a delivery truck : Explain how each of these costs would be accounted - Hidden Lakes Company purchased a delivery truck. The total cash payment was $30,020, including the following items.
Determine the magnitude of the net force on the bobsled : A 77.5 kg bobsled is pushed along a hor- izontal surface by two athletes. After the bobsled is pushed a distance of 5.0 starting from rest, Find the magnitude of the net force on the bobsled
What is the cost of the truck : Deutsch Company incurs these expenditures in purchasing a truck: cash price $24,000; accident insurance (during use) $2,000; sales taxes $1,080; motor vehicle license $300; and painting and lettering $1,700. What is the cost of the truck?
What is the wave speed at the bottom of the rope : One end of a nylon rope is tied to a stationary support at the top of a vertical mine shaft of depth 85.0 m. What is the wave speed at the bottom of the rope
What is the cost of the land : These expenditures were incurred by Patnode Company in purchasing land: cash price $60,000; accrued taxes $5,000; attorney"s fees $2,100; real estate broker"s commission $3,300; and clearing and grading $3,500. What is the cost of the land?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Investigating the feasibility and desirability

Gladys owns a retail hardware store in Tangipahoa. She is considering opening a business in Hammond, a community located 25 miles away. She incurs expenses of $60,000 in 2010 in investigating the feasibility and desirability of doing so. What amou..

  Bargain wholesalers sell pet supplies to retailers

bargain wholesalers sell pet supplies to retailers including pet world supplies. bargain wholesalers uses perpetual

  The bank receives interest on the loan at 10 convertible

mr.jones borrows 25 000 from bank b for 10 years. he makes semiannual payments of 2 000. the bank receives interest on

  Complete all of the steps of the accounting cycle

Complete all of the steps of the accounting cycle.

  Preparing a presentation on managerial accounting

You have been asked to prepare a presentation on managerial accounting for the next board of directors meeting for your company. Prepare a paper of 2-3 pages that discusses the following:

  In assessing control risk for purchases an auditor vouches

in assessing control risk for purchases an auditor vouches a sample of entries in the voucher register to the

  What is the amount of interest expense recorded

what is the amount of interest expense recorded by Pirate, Inc. in the first year of the asset's life?

  Explain how each is of potential benefit to the auditor

Identify five other ways in which the Private Securities Act of 1995 will potentially change auditors' legal liability. Explain how each is of potential benefit to the auditor.

  How much of the overhead will be assigned to each product

doaktown products manufactures fishing equipment for recreational uses. the miramichi plant produces the companys two

  Develop a linear programming model

Develop a linear programming model that will enable HTS to allocate technician time between regular customers and new customers.

  Find the total overhead costs using a single overhead rate

What is the total overhead costs assigned to deluxe racquets, using a single overhead rate. Using activity-based costing, how much assembly costis assigned to deluxe racquets?

  Based on the walli 2012 article why should the development

1. based on the woodward 2012 article why should an architectural maturity model amm which looks at the present state

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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