Record the purhase of the new computer sytem

Assignment Help Accounting Basics
Reference no: EM131761621

Question: Record the purhase of the new computer sytem. It was purchased at Computer World for $6,500.00 including sales tax. This amount should be charged to a Computer Equipment account. $1500.00 is paid on delivery and a no interest note is signed for two installments one on 12/31/CRYR and the second 12/31 a year later.

Reference no: EM131761621

Questions Cloud

What is the rationale for the treatment : In a recent month, a CPA provided ten hours of volunteer time to the Society for the Visually Impaired. He devoted seven hours to maintaining.
What is the net cash provided by operating activities : Given - Net income $20,000 and Depreciation $ 3,000. What is the net cash provided by operating activities
Describes three different types of work : How have the patterns of women's and men's work in the home and the workplace changed over time in the United States?
Prepare necessary journal entries to record warranty costs : Prepare the necessary journal entries to record: the warranty revenue earned in 2016 and the warranty costs paid during 2016
Record the purhase of the new computer sytem : Record the purhase of the new computer sytem. It was purchased at Computer World for $6,500.00 including sales tax.
Prepare a statement of activities for the year ended : Recording and Reporting Transactions. INVOLVE was incorporated as a not-for-prof it voluntary health and welfare organization on January 1, 2017.
Estimate the market risk premium : When using historical data to estimate the market risk premium, it is important to focus on recent experience.
What is the implications in order to gain more revenue : How can pricing change and what is the message and implications in order to gain more revenue with fewer productions and changing what is in the package.
What is the balance in the notes payable account : What is the balance in the notes payable account at December 31, 2017 after the annual payment

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd