Please answer number 7 (include excel if needed 3. On January 1, 20x1, SMUDGE BLUR Co. issued 1,000, P4,000, 12%, 3-year bonds for P4,198,948.Principal is due on December 31, 20x3 but interests are due annually every year-end. The effectiveinterest rate is 10%. How much is the unamortized discount or premium on bonds payable as ofDecember 31, 20x1?a. 198,948b. 135,204c. 138,843d. 143,1344. On January 1, 20x1, SLOPPY UNTIDY Co. issued 10%, P4,000,000 bonds at face amount. SLOPPY paidunderwriter's commission of P192,147. The bonds mature on December 31, 20x3. Interest is dueannually. The effective interest on the bond issue is approximately equal toa. 9.2659%b. 11.3692%c. 12%d. 13.5%5. On March 1, 2002, Rxne Furmiture Co. issued P700,000 of 10 percent bonds to yield 8 percent. Interestis payable semiannually on February 28 and August 31. The bonds mature in ten years. Pne FumitureCo. is a calendar-year corporation. How much is the issue price of the bonds?a. 792,335b. 795,132c. 802,336d. 809,6676. On January 1, 20x1, SPITEFUL MALICIOUS Co. issued 1,000, P4,000, 10%, 3-year bonds for P3,807,852.Principal is due on December 31, 20x3 but interests are due annually every year-end. The effectiveînterest rate is 12%. SPITEFUL Co. incorrectly used the straight line method instead of the effectiveinterest method to amortize the discount. What is the effect of the error on the carrying amount of thebonds on December 31, 20x1? (over) understateda. 7,107b. (7,107)c. 6,341d. (6,341)7. On April 1, 20x1, SQUALID FILTHY Co. issued 12%, P4,000,000 bonds dated January 1, 20x1 at 97induding accrued interest. The bonds mature in ten years and pay interest annually every year-end.How much is the initial carrying amount of the bonds?a. 3,760,000b. 3,880,000d. 3,812,341c. 4,000,000

Discount on bonds = Face value of bonds x (100 - issue price) / 100 = 4000000*(100-97)/100 =…

7. On April 1, 20x1, SQUALID FILTHY Co. issued 12%, P4,000,000 bonds dated January 1, 20x1 at 97 including accrued interest. The bonds mature in ten years and pay interest annually every year-end. How much is the initial carrying amount of the bonds? a. 3,760,000 b. 3,880,000 d. 3,812,341 c. 4,000,000

7. On April 1, 20x1, SQUALID FILTHY Co. issued 12%, P4,000,000 bonds dated January 1, 20x1 at 97 including accrued interest. The bonds mature in ten years and pay interest annually every year-end. How much is the initial carrying amount of the bonds? a. 3,760,000 b. 3,880,000 d. 3,812,341 c. 4,000,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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me File Edit View History Bookmarks Profiles Tab Window Help Inbox (2 x MACC101 X (4726) X Account x| Account x M Question X WiConnect x Content x M SmartBo ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwebapps%252 с Chapter 7 Quiz Saved 5 QS 7-9 (Algo) Identifying journal of entry LO P1, P2, P3, P4 Peachtree Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the journal in which each of the transactions should be recorded. 10.61 points Date Transaction May 01 Purchased $11,800 of merchandise on credit from Krause, Incorporated, terms n/30. May 08 May 14 May 17 Sold merchandise costing $2,600 to G. Seles for $4,300 on credit subject to a $68 sales discount if paid within 30 days. Purchased $410 of store supplies from Chang Company on credit, terms n/30. Purchased $430 of office supplies on credit from Monder Company, terms n/30. May 24 Sold…
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you need to use the 10-k form of the Apple inc. in order to be able to answer the question link to form:https://www.sec.gov/ix?doc=/Archives/edgar/data/320193/000032019320000096/aapl-20200926.htm#ief781ab58e4f4fcaa872ddbd30da40e1_163 Question: What is the cash balance at the end of each of the most recent two years? Is this amount presented in thousands, millions or billions?
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Approved CAE_BSA BSMA BSAIS BSIA_ACC 124_Sombilon.Aguilar (1).pdf - Foxit Reader File Home Comment Fil & Sign View Form Protect Share Connect Help Tell me what you want to do... Find O SnapShot B Clipboard O Fit Page TI T 110.51% A Link File Attachment D Fit Width D Fit Visible Rotate Left Bookmark Le Image Annotation Hand Select Actual Reflow Typewriter Highlight Rotate Right | Audio & Video Size Tools View Comment Links Insert PDF 4 Word Convert Start Approved CAE_BSA BS... PDF 2 Word DAIF checks of customers returned by bank Error in recording a check in the book. The correct amount as paid by the bank is P100,000 instead of P200,000 as recorded in the book The correct cash balance under current assets on December 31, 2019 is 500,000 100,000 Problem 11 The accounts of DMCI Holdings, Inc. revealed the following facts on August 31,2019. Balance of bank statement 1,200,000 Outstanding checks, August 31: Number 555 10,000 55,000 40,000 25,000 65,000 70,000 275,000 761 UM 762 763 764 765…
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Name three of the six major components (Tabs named in Excel) used to build the DCF model?
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Safari File Edit View History Bookmarks Window Help uLink - Student... W 1. 2. uLink - Student... 3. 4. learn-eu-central-1-prod-fleet01-xythos.content.blackboardcdn.com uLink - Student... 21 445 Entity A enters into the following transactions. You are required to show the impact of the transactions below on the accounting equation. e Content 9 Bb https://learn-eu-... Entity A purchased 1 000 bags of cement from K Ltd on credit. K Ltd normally sells a bag for R45. Entity A received a 10% discount for the 1 000 bags. Entity A returned 150 bags of cement, as they were defective. On the same day, the outstanding balance was settled through an online payment. This transaction did not affect the discount offered to Entity A. Select the correct values from the dropdown menus in the table provided in the Blackboard activity. MAR 7 In an attempt to assist the business, the owner of Entity A deposited R100 000 into the entity's bank account. A quarter of the amount is payable to the owner and…
ne File Edit View History Bookmarks Profiles Tab Window Help M Inbox (2 x MACC101 x (4726) || X Account x| Account X WiConnec× M Question X Content c ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%2 Chapter 7 Quiz i 7 7.58 points Ask Mc Graw Hill Saved QS 7-13 (Algo) Indicating journals used for posting LO P1, P2, P3, P4 The following T-accounts show postings of selected transactions. Indicate the journal used in recording each of these postings a through e. Cash Accounts Receivable Inventory Debit (d) 700 Credit (e) Debit 340 (b) 1,700 Credit (d) Debit Credit 700 (a) 1,520 (c) 1,040 Accounts Payable Sales Debit (e) 340 Credit (a) Debit 1,520 Credit (b) Cost of Goods Sold Credit Debit 1,700 (c) 1,040 Transaction a. b. C. d. e. Journal 12.020 ANE 18 tv A
you need to use the 10-k form of the Apple inc. in order to be able to answer the question link to form:https://www.sec.gov/ix?doc=/Archives/edgar/data/320193/000032019320000096/aapl-20200926.htm#ief781ab58e4f4fcaa872ddbd30da40e1_163 Question: On what financial statement(s) do you find "Cash and cash equivalents" (or similarly-named account)? Please include the specific name of the statement(s) directly from the 10-K. Each company may call the statement(s) slightly different names. On what page number are these financial statements?