User Account

All Pages

Make a transactions to journalize

Assignment Help Financial Accounting
Reference no: EM132811017

problem 1: make a Transactions to journalize:

Paid $9,020 to purchase used mowing equipment from a company going out of business ($4,820 was for the lawnmower and $4,200 for the trailer).

Paid $220 for January Internet and phone services.

Issued a 500,000 8% 5 year bond. Interest is payable July 1 and January 1

Reference no: EM132811017

Questions Cloud

Analyze real life data from the New York Stock Exchange : Analyze real life data from the New York Stock Exchange. You will be drawing a subset of a large dataset provided by Kaggle that contains historical financial
What are the potential benefits for the mentor : Why do companies develop formal mentoring programs? What are the potential benefits for the mentor? For the mentee? Information on this is provided in Chapter 9
Describe real or made up example of word of mouth promotion : Describe a real or made up example of word of mouth promotion. Why do you think people were motivated to spread this message to others?
How does it record bad debt expense : Question - If CheapCo estimates bad debt expense as a percentage of its $159,000 credit sales, how does it record bad debt expense
Make a transactions to journalize : Make a Transactions to journalize. Paid $9,020 to purchase used mowing equipment from a company going out of business ($4,820 was for the lawnmower and $4,200)
What is the equivalent annual saving from the purchase : The opportunity cost of capital is 8%, and the firm's tax rate is 21%. What is the equivalent annual saving from the purchase
Discuss the statement related to health care : Discuss the following statement: "Health care costs are out of control in the United States, and increasing conflicts between employers and employees.
How much is the expected capacity variance : For product costing purposes, a fixed overhead rate of P3.20 per direct labor hour has been established. How much is the expected capacity variance
Discuss the implications of the situation for audit report : The company manufactures high-quality woollen cloth for men's and women's outwear. DISCUSS the implications of this situation for the audit and audit report.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What are annual incremental cash flows of buying new printer

What are the annual incremental cash flows of buying the new printer?Assuming a discount rate of 12%, should the firm replace the old printer now?

  How can these deficiencies be rectified

Should penalties for breaches of the financial reporting requirements of the Corporations Act be increased? Discuss or explain.

  Estimated life of the machine

The estimated life of the machine was 5 years, and the estimated salvage value was $5,000

  What is the gain on factoring the accounts receivable

Maturity of the accounts receivable of 54 days. Assuming that all accounts are collected, what is the gain or (loss) on factoring the accounts receivable?

  Rental car agency charges a flat fee

A rental car agency charges a flat fee of $38.00 plus $2.75 per day to rent a certain car. Another agency charges a fee of $31.75 plus $4.00 per day to rent the same car. Use a graphing calculator, find the number of days for which the costs are the ..

  Meals and lodging

Tim is the vice president of western operations for Maroon Oil Company and is stationed in San Francisco. He is required to live in an employer-owned home, which is three blocks from his company office. The company-provided home is equipped with high..

  What is the reason for exclusion from statement of cash flow

Of what value is information about this type of transaction? What is the reason for its exclusion from the statement of cash flows?

  Calculate diluted earnings per share

Calculate diluted earnings per share for 2012, assuming the same facts as above, except that $1,000,000 of 6% convertible preferred stock was issued instead of the bonds. Each $100 preferred share is convertible into 5 shares of Lindsey common sto..

  Calculate the relevant rates that were used by coca-cola

Calculate the relevant rates that were used by Coca-Cola and PepsiCo in computing their pension amounts.

  What was the balance in unearned service revenue

A partial adjusted trial balance for Dodgers Co at 9/30/15 shows the following, with each account having a normal balance: If $4,182,000 was collected in September for services performed in September and $596,000 was collected in September for servic..

  Big chuck wishes to maintain a 10000 minimum cash balance

big chuck wishes to maintain a 10000 minimum cash balance at all times. additional financing is available and retired

  What direct materials efficiency variance for Allen Boating

Allen Boating Company manufactures special metallic materials and decorative fittings. What is the direct materials efficiency variance?

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