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!
Problem 1: A truck was acquired on July 1, 2018, at a cost of P216,000. The truck had a six-year useful life and an estimated salvage value of P24,000. The straight-line method of depreciation was used. On January 1, 2021, the truck was overhauled at a cost of P20,000, which extended the useful life of the truck for an additional two years beyond that originally estimated (salvage value is still estimated at P24,000). In computing depreciation for annual adjustment purposes, expense is calculated for each month the asset is owned. Prepare the appropriate entries for January 1, 2021 and December 31, 2021. Show supporting computations.
What is the breakeven point in (a) sales units and (b) sales dollars - how many units must Peerless Company sell to earn a profit of $600,000 per year?
If the company estimates 7% of credit sales will be uncollectible, what is the journal entry to record estimated uncollectible accounts?
Describe the composition of your corporation's contributed capital. Describe any other accounts reported in the Stockholder's Equity section of Balance Sheet.
Prepare the journal entry on October 15 to pay the Receiver General for Canada. Prepare the journal entry on October 17 to pay the union dues.
Determine which of these should be included as an intangible asset in the accounts of Reset Mining Ltd. Give reasons for your answers.
Calculate the Deferred Tax Asset and Deferred Tax Liability balances as at 30th June 2019 ,deferred tax journal entry for the year ended 30th June 2019.
On June 1, Williams Book Company sold Best Bookstore $4,300 of books for cash. During the month, Best Bookstore returned books costing $500 to Williams for a cash refund. In the same month, Best sold the remaining books to their customers for a total..
Best Eastern Motel is a regional motel chain. Its rooms rent for $100 per night, on average. The variable cost is $40 a room per night. Fixed costs are $5,000,000 per year. The company currently rents 200,000 units per year, with each unit defined as..
On that date, the fair value of a similar bond without the conversion feature is $890 per bond. Prepare the journal entry using the book value method
Prepare and Cassified balance sheet in good form as of December 31, 2017. (List current assets in order of liquidity.) Suppose the following items were taken
The implicit rate is unknown. Payments are quarterly and start at the commencement of the lease. What is the quarterly lease payment? Show your work.
Accounts payable 60,000. The amount of income taxes applicable to ordinary income was $56,700, excluding the tax effect of the earthquake loss, which amounted to $24,000. Instructions: Prepare a multiple-step income statement.
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