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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I have answered A-I in the pictures I posted below. I need the answers to J-L.
name the account to be debited and the name of the account to be credited for each transaction. *
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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
e File Edit View History Bookmarks Profiles Tab Window Help G ox (270) - abigailo x MACC101 Principles of A X (4726) IFRS vs. GAAP x M Question 15 - Chapter X WiConnect-Home 1545 x M Qu ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... pter 6 Homework i 15 Saved Help Part 3 of 4 10.34 points Required information Problem 6-2AA (Algo) Periodic: Alternative cost flows LO P3 [The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Activities Beginning inventory Purchase Units Acquired at Cost 110 units $45 per unit 410 units @$50 per unit 140 units @$55 per unit 220 units @$57 per unit 430 units @$80 per unit Totals 880 units eBook Ask Print Date March 1 March 5 March 9 March 18 March 25 March 29 Sales Purchase Purchase Sales References 180 units @ $90 per unit…
Comment on the trends you see in attached numbers. 5 to 6 sentences Thanks
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Topic: Uni X U2_AS i Topic: Uni X M Question X M Question x M Question √x ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https% 253A%252F%252Flms.mheducation.com%252Fmghmiddle Complete this question by entering your answers in the tabs below. Required 1 Required 2 F2 Moab Incorporated manufactures and distributes high-tech biking gadgets. It has decided to streamline some of its operations so that it will be able to be more productive and efficient. Because of this decision it has entered into several transactions during the year. a. Moab Incorporated sold a machine that it used to make computerized gadgets for $30,600 cash. It originally bought the machine for $21,400 three years ago and has taken $8,000 in depreciation. b. Moab Incorporated held stock in ABC Corporation, which had a value of $23,000 at the beginning of the year. That same stock had a value of $26,230 at the end of the year. c. Moab Incorporated sold some of its inventory for $9,200…