User Account

All Pages

Prepare the amortization table for alshon company

Assignment Help Accounting Basics
Reference no: EM132725147

On August 1, 2018, Alshon Company borrowed $30,000 by signing a 5-year, 4%, Note Payable. The note requires annual payments of $6,000 plus interest each July 31.

Problem 1) Prepare the Amortization Table through 7/31/21

Problem 2) Complete the journal entry on 8/1/18 for borrowing the $30,000

Problem 3) Complete the journal entry needed to accrue interest on 12/31/18

Problem 4) Complete the journal entry for the first payment, 7/31/19

Reference no: EM132725147

Questions Cloud

Describe the challenges faced by the financial manager : The primary goal of financial management, Describe the challenges faced by the financial manager in maximizing shareholder value of the firm.
What is the complete description of natural selection : What is the complete description of natural selection? The description should include all concepts that allow natural selection to occur.
Identify community sector agencies and resources : Explain and analyse the interrelationship between poverty, power and disempowerment and Explain and analyse the interrelationship between poverty, welfare
Differentiate intracellular from extracellular digestion : 1. Differentiate intracellular from extracellular digestion and provide specific examples of animal/s doing it.
Prepare the amortization table for alshon company : Alshon Company, Complete the journal entry on 8/1/18 for borrowing the $30,000. Prepare the Amortization Table through 7/31/21
Record the write-off to uncollectible accounts : Record the write-off to uncollectible accounts. (If no entry is required for a particular transaction/event, select "No Journal Entry Required")
List three protozoan infections of the circulatory system : List three protozoan infections of the circulatory system that are transmitted by arthropods.
What method of deprecation does the company use : Review the disclosures in the financial reports for a publicly traded company. What method of deprecation does this company use?
What form of treatment was used to successfully : Based on your knowledge of this disease, what form of treatment was used to successfully avoid the worst outcomes of the disease in these patients?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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