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!
Exercise - Instalment note; amortization schedule - American Food Services, Inc., acquired a packaging machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January 1, 2021. In payment for the $4 million machine, American Food Services issued a four-year installment note to be paid in four equal payments at the end of each year. The payments include interest at the rate of 10%.
1. Show the journal entry for American Food Services' purchase of the machine on January 1, 2021.
2. Show an amortization schedule for the four-year term of the installment note.
3. List the journal entry for the first installment payment on December 31, 2021.
4. List the journal entry for the third installment payment on December 31, 2023.
Trenton worked on four jobs during its first year of operation
On average, 5% of the peaches will spoil before they sell. Find the selling price per pound needed to obtain a 180% markup on cost
the turquoise company uses predetermined overhead rates to apply manufacturing overhead to jobs. the predetermined
Wonderful had the following profits after tax: P2,400,000 in 2020 and P2,000,000 in 2019. What is the earnings per share in year 2019
assume that the operating resluts for last year were sales 400k variable exp. 160k cm 240k fe 180k net operating income
The village made the final $50,000 payment on a long-term loan. Interest related to the loan was $2,250, half of which had been accrued at the end of the prior fiscal year.
the balance sheet for bearing industries inc. at the end of the current fiscal year indicated the following bonds
Assuming Carey had no insurance coverage on the bracelet and his adjusted gross income for 2019 is $45,000, calculate the amount of his theft loss deduction
BAK Corp. is considering purchasing one of two new diagnostic machines. Calculate Machine A and Machine B's NPV and probability index
Beginning inventory and direct material cost added during the month total $55,000. What is the value of the ending work in process inventory
What amount will Electronic Distribution report in its 2011 balance sheet as a net pension asset or net pension liability?
Gary owns a commercial building and leased his premises to John to conduct a bakery business. Discuss the tax treatment of this payment for Gary
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