1) The total quality sold is 500 but 20% of your revenue total is service and 80% is sales. Of the sales revenue total, 50% of these sales are on account. 2) On April 1st this week you take out a $50,000 loan to then buy a 3-year bond with a face value of $50,000 and stated rate of 7% which makes interest payments bi-monthly (twice a month). The market rate of interest on April 1st is 7.5%. answer this transaction in excel . show the accounts and t accounts in excel.
1) The total quality sold is 500 but 20% of your revenue total is service and 80% is sales. Of the sales revenue total, 50% of these sales are on account. 2) On April 1st this week you take out a $50,000 loan to then buy a 3-year bond with a face value of $50,000 and stated rate of 7% which makes interest payments bi-monthly (twice a month). The market rate of interest on April 1st is 7.5%. answer this transaction in excel . show the accounts and t accounts in excel.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
1) The total quality sold is 500 but 20% of your revenue total is service and 80% is sales. Of the sales revenue total, 50% of these sales are on account.
2) On April 1st this week you take out a $50,000 loan to then buy a 3-year bond with a face value of $50,000 and stated rate of 7% which makes interest payments bi-monthly (twice a month). The market rate of interest on April 1st is 7.5%. answer this transaction in excel .
show the accounts and t accounts in excel.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 4 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education