User Account

All Pages

Record the adjusting entry for fernando

Assignment Help Accounting Basics
Reference no: EM131651361

Question - At Lola Industries salaries are paid and recorded weekly at the end of the week late on a Saturday evening for all work performed up to and including Saturday evening. The weekly salary bill is $36,000 for a six-day working week (Mon - Sat). Lola's accounting period ends on Tuesday evening. Record the adjusting entry. v. Fernando borrowed $120,000 from Eastpac Bank on 1 February 2017. Interest is paid after six months and interest rates are 8%. Record the adjusting entry for Fernando on 30 April 2017. (Alternative: record the adjusting entry for Eastpac Bank on 30 April)

Can someone help me these two situations? (Include the alternative)

Reference no: EM131651361

Questions Cloud

Compute the missing amounts : Smith Company has the following account balances, extracted from its multiple-step income statement for the current year. Compute the missing amounts
How can a job description be used in the hiring process : How can a job description be used in the hiring process? Should a candidate for the position see this while interviewing?
Developing the strategy for multinational company : Assume you are in charge of developing the strategy for a multinational company selling products in some 50 countries around the world.
Compute the bonds current yield : The bond can be called in 9 years. The call premium is one year of coupon payments. Compute the bond's current yield
Record the adjusting entry for fernando : Record the adjusting entry for Fernando on 30 April 2017. (Alternative: record the adjusting entry for Eastpac Bank on 30 April)
What is the net present value of an investment : What is the Net Present Value of an investment? Why is this important to understand? Why Use Net Present Value
Explain the concept of present value and future value : Please explain the concept of Present Value and Future Value. Why would you think these calculations are important
Hydraulic actuator and pneumatic actuator : What is the difference between a hydraulic actuator and a pneumatic actuator?
What are global organization in the oceania pacific : How can corporate governance in this company foster ethical decision and behaviors on the part ofmanagers as agent?

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