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Question 1: How to calculate a jounal entry?
April 1, 2022 12-month, 6% note in settlement $49,000 account receivable
July 1, 2022 Loaned $22,000 cash on a 9-month, 10% note
Dec 31 2022 Accrued interest on all notes receivable
April 1, 2023 Received principal plus interest on the Goodwin note
April 1, 2023 Note is dishonored on the loan
$15.50 per share, and the bonds are selling for 98 percent of par. What weight should you use for debt in the computation of FarCry's WACC?
Assume that three full years of straight-line depreciation expense had been recorded on the cooker before the renovations were made. Compute the book value of the cooker after the renovations were made.
How would the use of full value accounting benefit investors in financial statements? Describe accounting ethics in regard to decision making. Talk about the history of accounting and its role in business. Analyze the current issues affecting manage..
Casas Modernas of Juarez, Mexico, is contemplating a major change in its cost structure. Currently, all of its drafting work is performed by skilled draftsmen. Rafael Jiminez, Casas’ owner, is considering replacing the draftsmen with a computerized d..
Milsaps Company produces sportsmen’s digital scales. In preparing the current budget, Milsaps’ controller estimates a total of $294,000 in direct materials cost, $231,000 in direct labor cost, and $279,510 in manufacturing overhead costs. What is Mil..
RaiCam Company is calculating financial performance indicators The following information is provided: What is their Return on Investment? Input your number to one decimal place, for example .121 would be input as 12.1
journal entries for sales and receivables in gross method and net method.on june 3 arnold company sold to chester
Compute the direct materials price and quantity variances.(Input all amount as a positive value. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect.
Wilson Athletic has developed a new golf ball that consistently flies 20% further than their old balls. With the worldwide market for golf balls at 3 million dozen, Wilson believes their new ball is revolutionary enough to capture 8% of that market i..
Each partner had a beginning capital balance of $120,000. Any remaining net income or net loss is shared equally. What is balance of Miles' Capital account at the end of the year after net income has been distributed?
Chain Gang mass produces beaded necklaces. Production occurs in three sequential production? departments: Stringing,? Clasping, and Packaging. At the beginning of the period in? Clasping, 1,400 physical units were in beginning inventory. What percent..
Aerobars Inc. uses a job-order costing in which any under applied or over applied overhead is closed out to cost of goods sold at the end of the month. The company's cost of goods manufactured for March was $167,000; Determine the cost of goods sold ..
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