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On June 30, 2020, Benedetta Company discounted at the bank a customer's P300,000, 6-month, 10% note receivable dated April 30, 2020. The bank discounted the note at 12%.
Question 1: What amount should be rpeorted as proceeds from the discounted note?
Question 2: What amount should be reported as loss on discounting?
Record the 2014 adjusting entries - Wages earned by employees not yet paid on December 31, 2014, $640.
Compute the amount of depreciation expense for the year ended December 31, 2011, using the straight-line method of depreciation and what is the balance of the Accumulated Depreciation Equipment account at December 31, 2013?
What Depreciation expense on the SYD basis at the end of 2005 is? On January 1, 2005, MB purchased a machine that had a list price of P46,320.
Prepare a ledger using the three-column form of account. Enter the trial balance amounts and post the adjusting entries. (Use J1 as the posting reference.)
Roger decides to start an investment accounts,If earns 9% on his investment, what will his account be worth 6 years from today, assuming he compounds annually?
Corporations help shield their owners from the liabilities of the corporation. Sole Proprietorships generally have little or no required financial reporting obligations. An LLC is a limited liability company.
Calculate missing information using knowledge of the accounting equation, II: Below is some selected information from the financial statements
Margetis Inc. wants to increase its free,What increase in net working capital (in millions of dollars) would enable the firm to meet its target increase in FCF?
a. What is the price of the stock 9 years from today? b. What is their stock price today?
multiple choice questions on accounts receivables and bad debts1.calistoga produce estimates bad debt expense at 12 of
The following information pertains to Wheaton Company. All figures are in dollars. Per Wheaton’s cash ledger, during September, it wrote checks for a total of $19,500 and deposited checks for a total of $17,500. The cash ledger showed a balance of $9..
Fashion Jewelers uses the perpetual inventory system. On April? 2, Fashion sold goods with a cost of $8,000 for $10,000 with terms of 33?/15, ?n/30. On April? 4, the customer reported damaged goods and Fashion granted a $2,000 sales allowance. On Apr..
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