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Problem 1: An issue of 50 000 shares at $3 required $2.20 per share to be paid at the time of application. On allotment, another $0.30 was due and a further $0.50 to be called when determined by the board of directors. The application money in respect of the 50 000 shares was received on 8 July. On 26 July, the shares were issued with the amount due on allotment received on 15 August. The remaining $0.50 was called up on 20 September and received on 10 October. Write the journal entry on 20 September.
Job 6.02 started in production in May, and these costs were assigned to it in May: direct materials, $600; How much total direct labor cost is incurred in June
Determine the present value, assuming that John desires a 12% rate of return on this investment. (Assume that all cash flows occur at the end of the year.)
Harry Corp buys equipment for $222,474 that will last for 10 years. What is the Net Present Value (NPV) of this investment
On November 1, 2017, Archangel Services issued $302,000 of eight-year bonds with a stated rate of 10% at par. Interest payments occur each April 30.
airassurance corporation provides on-site air quality testing services. the company has provided the following data
true inc. has written off a 4000 account as non-collectable. the balance in the accounts receivable was 542000 and the
The pizza ingredients were used for pizzas made and delivered in January
Question - The bookkeeper for Blossom Company asks you to prepare the following accrued adjusting entries at December 31
lutz manufacturing company produces a product in two departments 1 mixing and 2 finishing. the company uses a process
Why might a company choose to raise money through bonds, rather than take out a note payable? What are the advantages and disadvantages of bonds?
Prepare journal entries to record the machine's purchase and the costs to ready it for use. Cash is paid for all costs incurred
you can still claim full credit for withholding on your tax return. What do you think of this as a concern for small business owners and officers?
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