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Question - What is the adjusting entry on December 31, 2020 (end of the accounting period) on the books of the borrower? Make a complete entry.
On September, 2020 Mr.X lent P100,000 one year note, 12% interest bearing where interest is paid by the borrower in advance.
How to record adjusting entry for bond retired before maturity? Bonds with a face value of $5,000,000 were retired at 98% on October 31, 2020
Describe six audit procedures you should perform to compete the substantive test over the Wally's cash balances and match them with the appropriate assertions
Gobi Corporation's trailer division reported an ROI of 16% for the current period. Find the division capital turnover for the period
Prepare a tabular summary of the effects of the alternative actions on the components of stockholders' equity, outstanding shares, and par value per share
terry marks is a well-known architect. he wants to start his own business and convinces rob norris his cousin and a
A local theater company sells 1,500 season ticket packages at a price of $ 250 per package. The first show in the ten-show season starts this week. Show the accounting equation effects and prepare the journal entries related to (a) The sale of the s..
Compute basic and diluted earnings per share for 2011. What is meant by dilution of earnings per share?
On April 1, 2020, Blossom Company sold 28,800 of its 12%, 15-year, $1,000 face value bonds at 97. Make the journal entries needed on the books of Blossom
Prepare an analysis showing whether the Big Bart line should be eliminated
1.cost of goods manufactured in a manufacturing company is analogous to a.ending inventory in a merchandising company.
Cash sales are 30% of total sales and all credit sales are expected to be collected in the month after the sale. What is the total amount of cash expected
Discuss whether these deductions are appropriate and why or why not.
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