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Question - Journalizing Installment Notes - On the first day of the fiscal year, a company issues $32,000, 11%, five-year installment notes that have annual payments of $8,658. The first note payment consists of $3,520 of interest and $5,138 of principal repayment.
a. Journalize the entry to record the issuance of the installment notes.
b. Journalize the first annual note payment. If an amount box does not require an entry, leave it blank.
In 2016 zzz sold bonds, each had a face value $1000 and a coupon payment of $90 per year. What was the markets expected rate of interest in 2016?
Dividend (fully franked) received from shares in an Australian listed company -- $5,200. Calculate the tax payable by Annabel for the year ended 30 June 2020
AD&D - $50000 at cost of $0.19 per month per $1000 of coverage paid for by the employer. What is her Federal and provincial taxes
ABC Ltd. began trading on 1 January 2016 with capital of $200,000, all of which was immediately spent on buying inventories. On 31 January 2016, 75% of the inventories were sold for $237,500 in cash. There were no other transactions in January 201..
What is the probability of getting heads on onlyone of your flips? The cases favorable to the event E1 of getting heads on only one of your flips are,
At the beginning of 2017, Dr. John opened his medical practice as a personal service corporation. Calculating the correct amounts of his own gross income
Assuming a Virginia corporate tax rate of 5.5 percent, what is Tennis Pros Virginia state tax liability
The only revenue for the Ford Company is Sales. The only expenses are Cost of Goods Sold and Operating Expenses. A net income will result
Dane Inc has forecast purchases on account to be $465,000 in March, 555,000 in April, $630,000 in May, and $735,000 in June. Seventy percent of purchases
The tax return reflects additional income tax due of $20,000. What is the amount of Rita's penalties for failure to pay and for failure to file?
Actual production was only 8,900 until and actual direct labor cost was $45,000. What was the total direct labor budget variance for the year
kimm company has gathered the following information about its product. direct materials each unit of product contains
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