User Account

All Pages

Prepare the journal entry to record the exchange

Assignment Help Accounting Basics
Reference no: EM132934544

Question - Nymeria Inc. traded a used truck (cost P200,000, accumulated depreciation P180,000) for a small computer worth P33,000. Nymeria also paid P5,000 in the transaction. Prepare the journal entry to record the exchange. (The exchange has commercial substance.)

Reference no: EM132934544

Questions Cloud

Intricate knowledge of collusion sport rules : What is the principal reason for intricate knowledge of collusion sport rules.
Explain the problem with the anabolic reaction : Using the second law of thermodynamics, explain the problem with the anabolic reaction in a biological system.
Compute the depreciation expense : Compute 2020 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2020
Gametophyte for growth and survival : What types of plants exhibit a sporophyte that is dependent upon the gametophyte for growth and survival? Discuss the problems with bryophyte phylogeny as well
Prepare the journal entry to record the exchange : Nymeria also paid P5,000 in the transaction. Prepare the journal entry to record the exchange. (The exchange has commercial substance.)
How factor works to affect the growth of plants : Three factors that affect plant growth are soil health, nitrogen fixation, and sunlight. Explain how each factor works to affect the growth of plants.
Explain what a mutation is : Explain what a mutation is and how it can cause a heritable genetic disease.
Species of sphecid wasps parasitize mole crickets : What species of sphecid wasps parasitize mole crickets?
Draw a model explaining phenomenon : Draw a model explaining this phenomenon. Label semipermeable membrane, solute concentration, and movement of water on your model.

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