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!
Problem - Pine Company had the following assets on January 1, 2017.
Item
Cost
Purchase Date
Useful Life (in years)
Salvage Value
Machinery
$71,000
Jan. 1, 2007
10
$-0-
Forklift
30,000
Jan. 1, 2014
5
-0-
Truck
33,400
Jan. 1, 2012
8
3,000
During 2017, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $12,000. The truck was discarded on December 31.
Instructions - Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on disposed assets. The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2016.
Record property, plant, and equipment transactions; prepare partial balance sheet.
On July 1, 2017, purchased inventory from its Japanese supply source. Terms of sale were 100,000 yen, Prepare general journal entries to record the purchase
for about a year frank poppa has been operating a hot dog standin the parking lot of a major discount retailer in a
Ike issues $ 180,000 of 11%, three year bonds dated January 1, 2013, that pay interest semiannually on June 30 and December 31. They are issued at $ 184,566. Their market rate is 10% at the issue date.
On September 1, 2008, Melissa paid $50,000 for 500 shares of WH Inc. common stock. On October 15, 2010, Melissa received a taxable 10% convertible preferred stock dividend (i.e., 50 shares).
Welcome to the University of Namibia and to the Centre for Open, Distance and eLearning in particular. We hope your studies will be rewarded with success.
The financial statements for Jobe Inc. and Lake Corp., just prior to their combination, for the year ending December 31, 20X2, follow. Lake's buildings were undervalued on its financial records by $60,000.
my company mines an iron ore called alpha. during the month of december 400000 tons of alpha were mined and processed
1. Determine the current ratio and working capital. 2. Kapinski appears to have a positive current ratio and a large net working capital. Why would it have trouble paying bills as they come due?
the standard cost of material and standard cost of labour for producing of one unit of finished production are
fairfield companyrsquos raw materials inventory transactions for the most recent month are summarized
abc company employs a periodic inventory system and sells its inventory to customers for 15 per unit. abc company had
Prepare the journal entry(s) to record Payne's income taxes for 2013, assuming it is more likely than not that the deferred tax asset will be realized
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