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Question - Desoto Company must make three adjusting entries on December 31, 2019.
a. Supplies used, $9,900 (supplies totaling $15,800 were purchased on December 1, 2019, and debited to the Supplies account).
b. Expired insurance. $7,100; on December 1, 2019, the firm paid $42,600 for six months' insurance coverage in advance and debited Prepaid Insurance for this amount.
c. Depreciation expense for equipment, $4,700.
Required - Prepare the journal entries for these adjustments and post the entries to the general ledger accounts.
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: - Explain the goals and uses of special journals.
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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.
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