Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The following selected transactions relate to liabilities of United Insulation Corporation. United's fiscal year ends on December 31.
Required:
Prepare the appropriate journal entries through the maturity of each liability.
2011 Jan. 13 Negotiated a revolving credit agreement with Parish Bank that can be renewed annually upon bank approval. The amount available under the line of credit is $20 million at the bank's prime rate.
Feb. 1 Arranged a three-month bank loan of $5 million with Parish Bank under the line of credit agreement. Interest at the prime rate of 10% was payable at maturity.
May 1 Paid the 10% note at maturity.
Dec. 1 Supported by the credit line, issued $10 million of commercial paper on a nine-month note. Interest was discounted at issuance at a 9% discount rate.31 Recorded any necessary adjusting entry(s).
2012 Sept. 1 Paid the commercial paper at maturity.
In arriving at the $270,000 of partnership profits, the partnership deducted $2,400 ($800 for each partner) in premiums paid for group term life insurance on the partners.
at the beginning of 2012 cooper corporation had 280000 shares of 10 par common stock outstanding. during the year it
your accounts receivable clerk mary herman to whom you pay a salary of 3495 per month has just purchased a new audi.
westerville golf company is in the process of evaluating the two investment proposals given belowinvestment
radovilsky manufacturing company in hayward california makes flashing lights for toys. the company operates its
Prepare a short memo from giving your recommendations as to the proper reporting of the earthquake damage costs in the income statement for the year ending august 4, 1990.
a. determine the direct labor rate and time variances. b. How much direct labor should be debited to work inprocess.
malibu corporation has monthly fixed costs of 64000. it sells two products for which it has provided the following
Cleopatra Cosmetics Company is planning a one-month campaign forMay to promote sales of one of its two cosmetics products. Atotal of $110,000 has been budgeted for advertising, contestsredeemable coupons
Which event will have the effect of increasing retained earnings?
One-Hour Dryclean, Inc., is contemplating replacing an obsolete dry-cleaning machine with one of two innovative pieces of equipment. Alternative 1 requires a current investment outlay of $25,373, whereas alternative 2 requires an outlay of $24,199..
Calculate a cost benefit analysis (CBA) for the inventory COTS acquisition you investigated in Case 4. Include major cost categories associated COTS purchase price, personnel, equipment, supplies, 5-year maintenance, training, and consultant fees
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd