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Accounting Help - Accounting Question?4niel2018-10-05 09:06:56
P10 -5A Fordyce electronics issues $ 400,000 , 8% of 10 year mortgage note on December 31, 2010 . The proceeds of the note will be used to finance a new research laboratory. The terms of the note provide semiannual payments , excluding property taxes and insurance, $ 29,433 . Payments are due on June 30 and December 31 . Complete schedule of installment payments during the first 2 years. ( Round answers to 0 decimal places, eg 125. Use rounded amounts for future calculations . ) Semiannual Interest Period Cash payment Interest expenses reduction of Home Balance Date of issue $ $ 1 2 3 4 Prepare the entries for (1) the loan and (2) the first two installments. ( For multiple debit / credit entries quantities listed in descending eg 10 , 5, 3, 2. Response and back to 0 decimal places, eg 125. ) Date Account / Description Debit Credit 2010 December 31 2011 June 30 December 31 Show how the total liability of the mortgage must be reported on the balance sheet at December 31, 2011 . ( Response and back to 0 decimal places, eg , 125. ) Current liabilities 12/31/11 Long-term debt
Question about accounting?0titi2012-09-16 11:45:03
Which of these accounts are in the income statement and balance entering MedlinePlus MedlinePlus petty cash MedlinePlus cash MedlinePlus payroll checking account MedlinePlus represents reiceivable MedlinePlus recivable interest permit . To doubt . ACCTS . MedlinePlus MedlinePlus notes receivable MedlinePlus merchandise inventory MedlinePlus interest income MedlinePlus careful grooming and supplies grooming and daycare Inc. MedlinePlus Office supplies MedlinePlus MedlinePlus prepaid insurance MedlinePlus prepaid advertising MedlinePlus land MedlinePlus buildings Cum. Depr . MedlinePlus Buildings Cumulative depr MedlinePlus furniture and accessories MedlinePlus furniture and accessories MedlinePlus office equipment Cumulative depr office equipment MedlinePlus MedlinePlus vehicles Cumulative vehicle depr MedlinePlus MedlinePlus payables MedlinePlus notes payable current MedlinePlus sales tax payable interest payable MedlinePlus Emp . Federal Reserve . Inc. to pay taxes . MedlinePlus MedlinePlus FICA tax payable day care unearned fees MedlinePlus insurance premiums payable MedlinePlus notes payable Long-term MedlinePlus notes payable in the short term Alana days MedlinePlus capital Alana daydrawing MedlinePlus Sales of the retail store MedlinePlus MedlinePlus sales discounts sales returns and allow . Cost of goods sold MedlinePlus Cost of sales of goods MedlinePlus purchase discounts
Need help with accounting question?0Ela2012-08-14 08:14:03
1 . Which of the following must be included in the cost of land acquisition ? A. property taxes in arrears. B. Transfer title and insurance fees. C. Sales commissions. D. Recognition fees. E. All of the above . 2 . Depreciation of the cost of storage A. reduces both net income and the amount of cash generated by a company. B. does not affect net income or the amount of cash generated by a company. C reduces the net income and increases the amount of cash generated by a company. D. reduces net income, but does not affect the amount of cash generated by a company. E. None of the above is correct. 3.A company has a policy that trading of its fleet of delivery trucks every three years compared to another company with a policy of negotiating their trucks every five years, most likely have A. a higher estimate of the residual value at the beginning of its life. B. below book value at the end of its useful life. C. depreciation accumulated over the end of its useful life. D. Both B and C. E. All of the above . 4.Which of the following would be classified as an operational program (fixed ) assets? A. Land purchased and held for sale by a realtor . B. The land purchased and held for development by Wal -Mart as a site of the new store. C. The land and buildings owned by Toys
Can someone please help me with this Accounting question?0Monti2012-09-27 03:45:02
Prepare general journal entries , without explanation . To record the following business transactions for a company oriented MedlinePlus December 01, George Hahn withdrew $ 15,000 from his personal savings account and invested in the corporation I landscape Hahn exchange for common stock . MedlinePlus December 2 a year prepaid insurance premiums by $ 16,000 MedlinePlus December 3 Purchased landscaping equipment account , $ 3,000 December 4 customer served a $ 600 cash MedlinePlus December 5 customer served a charge for $ 750 MedlinePlus December 6 Paid the employee
Accounting question help please?0ewi2012-08-09 12:19:02
The following unadjusted trial balance is for Adams Construction Co. as of the end of its fiscal year 2005. On June 30, 2004 , the credit balance of the owner
I need help in my Accounting Question?0Derwin2012-07-16 18:32:05
you will perform the necessary steps in the accounting cycle for Wafa Company for the month of November, 2011. Account balances as of October 31, 2011 (November beginning balances) are listed in Part A below. Transactions and other information for the month of November are listed in Part B below. The due date is Thursday, May 31 by 5 pm. 1) Journal Tab: Journalize the transactions. 2) Ledger #1 Tab: Enter the beginning account balances in the T-accounts. Ledger#1 Tab: Post the November journal entries to the accounts. 3) Trial Balance Tab: Prepare a Trial Balance at 30 November, 2011. 4) Financial Statements Tab: Prepare an Income Statement, a Statement of Retained Earnings and a Classified Statement of Financial Position. 5) Closing Journal Tab: Record the closing journal entries. 6) Ledger #2 Tab: Transfer the ending account balances from the Ledger #1 Tab to the Ledger #2 Tab. Ledger #2 Tab: Post the closing entries to the accounts. 7) Post-Closing Trial Balance: Prepare a Post-Closing Trial Balance. Part A - Beginning Account Balances Account October 31 Balance Cash 15,200 Share Capital 14,450 Unearned Revenue 2,050 Supplies 1,000 Retained Earnings 2,360 Accounts Payable 2,500 Equipment 4,960 Accounts Receivable 200 Part B - November Transactions & Other Information The November transactions were as follows: 1-Nov Purchased an insurance policy for 600 cash. 19 Billed customers for services performed in November, $7,350. 21 Paid $2,150 to creditors for accounts due. 27 Received $2,200 from customers for accounts due. 30 Paid employee November salaries of $1,900. Other information: 30 On November 30th, adjusting entries were prepared using the following information. a) The insurance policy purchased on November 1st was for 1 year. b) Supplies on hand were 650. c) 1,900 of services associated with the unearned revenues account had been performed during November.
Accounting Question??????????0Nick2012-07-04 17:04:02
I need to know which are debits and which are credits. I actually spent over an hour on this problem and cannot seem to balance a trial balance. Question: The following is a list of accounts and their balances for Lee Company on December 31 1993: Cash $ 500. Y. Lee, Withdrawals $ 300. Notes Payable 800. Fees Revenue 4,000. Prepaid Insurance 200. Rent Expense 400. Office Equipment. 3,800. Salary Expense 700. Y. Lee, Capital 1,200. Utility Expense 100. (If I had the answer I could better understand accounting in general) Thank You Kindly, ~Jason
30 pt accounting question?1Ashly Morgan2018-10-03 22:53:31
please help lengthy and dont understand 30 pts The following data were taken from the records of Stellar Manufacturing Company for the fiscal year ended June 30, 2012. Raw Materials Inventory 7/1/11 $ 48,000 Factory Machinery Depreciation $ 16,000 Raw Materials Inventory 6/30/12 39,600 Factory Utilities 27,600 Finished Goods Inventory 7/1/11 96,000 Office Utilities Expense 8,650 Finished Goods Inventory 6/30/12 95,900 Sales 554,000 Work in Process Inventory 7/1/11 19,800 Sales Discounts 4,200 Work in Process Inventory 6/30/12 18,600 Plant Manager's Salary 29,000 Direct Labor 149,250 Factory Property Taxes 9,600 Indirect Labor 24,460 Factory Repairs 1,400 Accounts Receivable 27,000 Raw Materials Purchases 96,400 Factory Insurance 4,600 Cash 32,000 Complete the cost of goods manufactured schedule Complete an income statement through gross profit. Complete the current assets section of the balance sheet at June 30, 2012.
Accounting question, please help!?0Aisha2012-10-23 08:15:02
The following expenses related assets were made by James Co. during the first two months of 2003: MedlinePlus 1. We paid $ 250 to have the company name and advertising slogan painted on a new delivery truck . MedlinePlus 2. We paid a $ 75 motor vehicle license fee for the new truck . MedlinePlus 3. Pay $ 17,500 for paving of parking lots and driveways on new plant site . MedlinePlus 4. We paid $ 5,000 of property taxes accrued at the time of acquisition of the plant . MedlinePlus 5. We paid $ 8000 for the installation of new factory machinery . MedlinePlus 6. We paid $ 900 for one year of the accident insurance policy on new delivery truck . MedlinePlus 7. Paid $ 200 insurance to cover possible accident to the new factory machinery while the machinery was in transit . MedlinePlus MedlinePlus List the numbers of the foregoing transactions, and opposite each number indicates the title of the account from which the expenditure is charged . MedlinePlus MedlinePlus thank you so much! and 10 points for best answer!
Please help me answer this accounting question?0Word Problem2012-07-26 05:27:03
From the list below, Select the correct accounts which comprise Total indirect manufacturing costs: 1. Production Supervisor Salary 2. Advertising Expense 3. Tacks and Glue 4. Property Taxes on Factory 5. Quality Control Salary 6. General & Administrative Costs 7. Material used in Production 8. Insurance on Factory Building 9. Production Labor Thanks!!
Another quick Accounting question?0christian gomez2012-11-02 15:31:56
11. The following totals for the month of April were taken from the payroll register of Main Company. Salaries: $12,000 FICA taxes withheld: 550 Income taxes withheld: 2,500 Medical insurance deductions : 450 Federal Unemployment Taxes: 32 State Unemployment Taxes: 216 The entry to record accrual of employer
Cost accounting Question?0dgibson2012-07-11 10:22:01
Widges Sam has a small shop in the center of the city, making sandwiches and packed lunches to office workers . It opens at 10am , selling tea , coffee and pastries mid-morning , but most of its business is in sandwiches for lunch. The store has a lull between 11.15 and 11.45. Costs for a typical month are: Food purchases

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