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!
Question - The following are the transactions of PAREX University:
a. Ms. Pearl Black granted P300,000 to be used for defraying the cost of holding conference for Accounting updates.
b. By year-end, the grant mentioned above had been applied to its purpose costing the university an amount of P200,000.
c. The grant provided that the amounts not awarded by year end are to be transferred to the endowment fund. The liability to the fund is recorded.
d. An alumnus, Ms. Co, who was a former president of the student council of the university, contributed P50,000 to assist in search for basketball coach.
Required -
1. Prepare the journal entries for each transaction.
2. How much is the total revenue from temporary restricted contribution?
Calculate the amount that would be reported in Box I of the RL-1? Vacation pay $2,800.00, taxable car allowance $630.00, non-cash taxable benefit.
What will be impact on the balance sheet and net earnings based on these differences? Compare and contrast theaccounting policies
How much must those additions be if the investment account pays 8% compounded quarterly? The Stein family wants to buy a small vacation house
Frisco Enterprises is considering the purchase of a new software management system. The system is called FK1. The FK1 will drastically reduce the amount of time the Frisco Enterprises employees installing new software. What are the free cash flows fo..
The relevant inflow associated with the project are 60,000 in year one and 50,000 in years two and three. Compute the net present value
When a wholly-owned subsidiary purchases all of the bonds issued by the parent, the investment in bonds account and bond payable account are
Calculate the total cost for next February when 1,450 tons are expected to be extracted. Antioch uses the high-low method to analyze costs.
Remember debits increase Assets and Expense, where as credits increase Liabilities and Equity accounts. Need help in to putting this into journal entires.
On January 1, 2019, a corporation issued P5,000,000 of 10% convertible bonds at par. Determine total interest expense recorded
How should customer and vendor opening balances be corrected if they were entered with an error? Why is it sometimes better to enter customer opening
Obtain the value of h from the annual percentage rate table. Then use the actuarial method to find the amount of unearned? interest
If revenue earned on the extended warranty as an adjusting entry at the end of the year, what adjusting journal entry will Dell make on December 31, 2020
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