User Account

All Pages

Prepare the related journal entries for long corporation

Assignment Help Accounting Basics
Reference no: EM13873753

Long Corporation is a fabric manufacturing company. On January 20, Long Corporation made sales to Lyndsay's Lace in the amount of $15,000 with terms of 2/10, n/30. Lyndsay's Lace paid Long Corporation on January 28. Long Corporation records accounts receivable and sales at the gross price. 

Prepare the related journal entries for Long Corporation.

Reference no: EM13873753

Questions Cloud

Compare retirement savings plans : Compare retirement savings plans (Learning Objective 3) Assume that you want to retire early at age 54. You plan to save using one of the following two strategies: (1) save $4,200 a year in an IRA beginning when you are 24 and ending when you are 54 ..
Why the current book value of the capital structure : Please explain why the current book value of the capital structure is likely to be different than a company's target capital structure? Also, give the differences between current book value of the capital structure and a company’s target capital stru..
Theory of supply chain strategies : Supply Chains are only of any interest to customers when they go wrong. Therefore, Supply Chain Resilience is considered as a very important factor in modern Supply Chains
Present value of the depreciation tax shield : Your firm is considering a project that would require purchasing $7.1 million worth of new equipment. Determine the present value of the depreciation tax shield associated with this equipment if the firm's tax rate is 36%, the appropriate cost of cap..
Prepare the related journal entries for long corporation : Long Corporation is a fabric manufacturing company.
Draw a game tree for a game in which first has two actions : Draw a game tree for a game in which First has two possible actions (Up or Down) at each node and Second has three possible actions (Top, Middle, or Bottom) at each node.
An assessment of the effectiveness : An assessment of the effectiveness
Different than companys target capital structure : Give the differences between current book value of the capital structure and a company’s target capital structure and their importance and explain why the current book value of the capital structure is likely to be different than a company's target c..
When vitamin a is deficient : Which food is an excellent source of vitamin E and Which of the following organizations is responsible for ensuring their supplements are safe?

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