User Account

All Pages

Provide the journal entry on nov

Assignment Help Accounting Basics
Reference no: EM132850048

On Nov. 24, 20x1, Resume Co. borrowed a P750,000, 45-day loan from a bank and pledged Its receivables as collateral security. Resume Co. received the loan proceeds after deduction of P27,000 advance interest.

Requirement:

problem 1: Provide the journal entry on Nov. 24, 20x1.

Reference no: EM132850048

Questions Cloud

Find the correct balances of Cash : The foreign Bank account was opened May 1, 2018. On that date the current foreign exchange rate was $1=P42. Find the correct balances of Cash
Determine the true cash balance : Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 1, using the preceding information
What is total amount of direct manufacturing cost incurred : Fixed selling and administrative expense $33,000. If 7,500 units are produced, what is the total amount of direct manufacturing cost incurred
How should Ivanhoe Ltd account for this purchase agreement : Assuming that Ivanhoe Ltd. follows IFRS, how should Ivanhoe Ltd. account for this purchase agreement if it did not intend to take delivery of the oranges
Provide the journal entry on nov : Provide the journal entry on Nov. 24, 20x1. Resume Co. borrowed a P750,000, 45-day loan from a bank and pledged Its receivables as collateral security.
Different between on-perm and cloud environments : How is the implementation of network security similar and different between on-perm and cloud environments? Give some examples.
Web Browser Forensics : You research potential free and paid tools used for forensic analysis. I want you to narrow down your choice of free, or paid if you are willing to pay the cost
Determine for the percentage of completion during the year : Compute for the percentage of completion during the year 2018. However, if the cumulative inflation reaches or exceeds 25%, the contract price shall be adjusted
How much is the correct Petty Cash Fund balance : Envelope containing P1,000 with a list of people who contributed to a "Party Contribution". How much is the correct Petty Cash Fund balance

Reviews

Write a Review

Accounting Basics Questions & Answers

  Preparation for making recommendations for improvements

Chas Mulligan has been hired by Yardley Security as an assistant to the internal auditor. He has been asked to thoroughly document the exiting accounting information system in preparation for making recommendations for improvements.

  Should be a strong focus on australian-based research find

Critique the academic literature that investigates the diversity issue on corporate boards and, where relevant, the board committees

  Prepare the journal entry to record the write-off

At the end of 2021, Best Goods Co. has accounts receivable of $754,500. Prepare the journal entry to record the write-off

  Discuss shareholders of this canadian company

the Canadian company will issue us some shares as well. Does this mean we will be shareholders of this Canadian company

  Prepare the acquisition analysis at acquisition date

Prepare the acquisition analysis at acquisition date and Prepare the business combination valuation entries and pre-acquisition entry at acquisition date

  Prepare general journal entries for the current year

The stockholders' equity section of Martino Inc. at the beginning. Prepare general journal entries for the current year to record the transactions listed above.

  A manufacturing has prepared the following income

a manufacturing has prepared the following income statementsales 450000cogs 200000gross margin 250000operating expenses

  Provide specific examples of how to go about making the

u.s. wars in iraq and afghanistan political unrest in south america growing u.s. antipathy in iran and civil wars in

  By what amount will current assets at december

Assuming that none of the error were detected or corrected, and that no additional errors were made in 2016, by what amount will current assets at December

  Analysis of the general ifrs framework

The accounting assessment should involve an analysis of both the general IFRS framework (fair presentation) and the techniques of accounting and financial engineering which have proved most frequent and pernicious. If detected the use of flexibili..

  Static budget amount-favorable variances

The CEO asks, "How can actual operating income be roughly 12% of the static budget amount when there are so many favorable variances?"

  Determine the maximum total contribution margin

Gunst Company produces three video games: Android, Bio-Mutant, and Cyclops. Determine the maximum total contribution margin the company can make

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