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Accounting 321 Cash Flow, Receivables Quit: 20 Points
1 Paid in capital 25,000.002. Purchase 200 units @ 50 on account3. Sell 140 units @ 100 on account. Collect 35%4. Puchase 45,000.00 of equipment in exchange for 5-year note @ 0.075 depreciate SL 5 years5. Sell equipment for 48,000.00 on May 5th, day 1256. Purchase equipment on July 25, day 206 for 25.000.00in exchange for a 3-year note @ 0.055 depreciate IL 5-years.7. Record service revenue of 7,500 on 7- month note @ 4.1953627%Discount Feb 28 @ 0.05 use finance convention. With recourse. note not honored, contingently liable8. Make pmt on Note 19. Make payment on Note 210. Record Depr on Equipment 2 11. Pay dividend of 250012. Assign Receivables sufficient to settle 5.000 Accounts Payable on December 1.
Collect 3,000 on account at year end
Discount rate 0.15 Fee 0.07 Interest rate 0.04
Ted's Used Cars uses the specific identification method of costing inventory. During March, Ted purchased three cars for $6,000, $7,500, and $9,750, respectively. During March, two cars are sold for $9,000 each.
Calculate the total current assets at December 31, 2010 and calculate the total liabilities and owners' equity at December 31, 2010.
Prepare a depreciation schedule assuming actual mileage was: 2007, 40,000; 2008, 52,000; 2009, 41,000; and 2010, 27,000.
widget division of abc company has been running roi of 20 in recent years. abcs target roi is 14. if widget invests in
john philip sousa was the conductor of the u.s. marine corps marching band and found that tubas were difficult for
Prepare the REA model of the payroll process
How much do you need to deposit on a monthly basis if the first payment is made in one month?
Rodriguez Corporation issues 19,000 shares of its common stock for $ 152,000 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.
What are some additional costs that you would need to consider if the motorcycles were for customers that were overseas?
During the current year, pre- miums on the Minor policy for Abe were $1,450. Abe is reimbursed for $1,900 of his medical costs from the self-insured plan.
Discuss the view that political lobbying could and should be reduced by giving preparers more say in the setting of accounting standards.
Question 1: A(n) __________ is a syllogism in which the major premise is unacknowledged; thus it can address probabilities rather an verifiable information and can employ ethical and emotional arguments as well as logical arguments.
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