User Account

All Pages

Record the trade ins

Assignment Help Accounting Basics
Reference no: EM132642970

Question - Cheque no, 1 was used to purchase a new executive office desk from Morgan Office Furniture for the owner less the trade in of his old desk. The new desk cost $2200 and he received cash back of $150 for the old desk. The old desk cost $500 and had a written down value of $90 at the time of sale. Record the trade ins, sales, purchase and Profit/loss on trade ins.

Reference no: EM132642970

Questions Cloud

How weigh the pros and cons to pesticide use : How Weigh the pros and cons to pesticide use? What are the environmental impacts, both pro and con, and what are the health impacts?
Discuss the implications of the distinctions and differences : Post your perspective on the distinctions between social change and advocacy. Discuss the implications of these distinctions and differences.
Prepare the ledger accounts for the year ended december : Salaries to be allowed as follows: Stan - R22 500 per month; and Ben R15 000 per month. Prepare the ledger accounts for the year ended December
What environmental pollutants cause the outbreaks : What environmental pollutants cause the outbreaks? What are the sources of these pollutants? Include information on how pollutants relate to the nutrient cycles
Record the trade ins : The old desk cost $500 and had a written down value of $90 at the time of sale. Record the trade ins, sales, purchase and Profit/loss on trade ins
How government policy such as blood quantum : How government policy such as blood quantum, membership codes, residential schools, or other assimilation policies influence Indigenous peoples health?
Show general journal entries to record the declaration : Show general journal entries to record the declaration of dividends on 30 November 2019 and the subsequent payment of dividends on 31 December 2019
How you might collect data from stakeholders : People often use advocacy to create positive change for society. Advocacy represents the strategies devised, actions taken, and solutions proposed to influence.
Determine the proper balances : Cost of organization $2,000. Determine the proper balances as of 12/31/19 for a separate land account and a separate buildings account

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