ABC company issued a 5 year $200,000 bond. The bond has a stated rate of6% and the market rate is also 6%. The company issued the bond at 100 onAMORTIZATION OF BOND (PAR)stJanuary 1", 2019.HJKInterest onCash InterestAmortizationCarryingCarryingYearРayment.of Prem/Disc. Value(кDateDescriptionDebitCreditValue.(A *D)(H - 1)-J)(K * E)Jan 1 2019Jan 1, 2019June 30, 2019December 31, 2019June 30, 2020December 31, 2020June 30, 2021December 31, 2021June 30, 2022December 31, 20222June 30, 2023December 31, 2023|June 30, 2019Dec 3, 2019June 30, 2020Dec 31, 2020ABond Par ValueDisc/Prem on Bonds PayableВCoupon RateCMarket RateDec 31,20236month coupon rate (B/2)6 month market rate (C/2)DEFMoney ReceivedGPremium/Discount (A-F)

Valuation of Bond Amortisation of Bond Journal Entries related to the Bond

(A *D) (H - 1) (K* E) Jan 1 2019 June 30, 2019 December 31, 2019 June 30, 2020 December 31, 2020 June 30, 2021 December 31, 2021 June 30, 2022 December 31, 20222 June 30, 2023 December 31, 2023 Jan 1 June Dec 3 June Dec

(A D) (H - 1) (K E) Jan 1 2019 June 30, 2019 December 31, 2019 June 30, 2020 December 31, 2020 June 30, 2021 December 31, 2021 June 30, 2022 December 31, 20222 June 30, 2023 December 31, 2023 Jan 1 June Dec 3 June Dec

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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lorato’s trial balance as at 31st December 2020 Dr Cr Pula Pula Sales 800,000 Sales Returns 17,000 Purchases 400,000 Purchases Returns 21,000 Land and Buildings 320,000 Machinery 275,000 Motor vehicle 130,000 Furniture 65,000 Opening inventory 50,000 Accounts receivable 220,000 Accounts payable 276,000 Capital 650,000 Cash at Bank 30,000 DIPLOMA Sessional Structured Timed Assignment January - June BPA612 Principles of Accounting ©BOU 2023 Page 5 of 11 Cash in hand 3,000 Telephone 12,000 Electricity 15,000 Salaries and wages 170,000 Discounts receivable 3,500 Discounts Allowed 2,000 Interest receivable 9,000 Interest payable 12,000 General expenses 28,000 Insurance 6,000 Bad debts 1,000 Provision for bad and doubtful debts 4,500 Carriage outwards 3,000 Carriage inwards 5,000 1,764,000.0 1,764,000 Additional information a. Closing inventory P40,000 b. Motor vehicles purchased P10, 000 was included in Purchases by mistake. c. Electricity P1, 000 was owing at the end of the financial year.…
ZVA O Ooredoo l. vveek 5 &6 / QUIZ T FALL 2020 Question 6 Not yet answered Marked out of 1.00 P Flag question Of the following which is not an investing activity Select one: a. Selling a parcel of land b. Purchasing a new computer c. Purchasing short-term investments O d. Buying treasury stock PREVIOUS PAGE NEXT PAGE
1:14 1 Back Chapter 3 Homework.xlsx ЕЗ.5 E3.6 ЕЗ.11 E3.23 P3.2Aa P3.2Ab P3.2Ac P3.2A (LO 2, 3, 4), AP The Skyline Motel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Skyline Motel Trial Balance 5/31/22 Account Debit Credit Cash S3,500 Supplies Prepaid Insurance 2,080 2,400 12,000 Land Buildings Equipment Notes Payable Accounts Payable Unearned Rent Revenue Common Stock Rent Revenue 60,000 15,000 S40,000 I1,180 3,300 35,000 10,300 Advertising Expense Salaries and Wages Expense Utilities Expense 600 3,300 900 $99,780 $99,780 Other data: 1. Prepaid insurance is a l-year policy starting May 1, 2022. 2. A count of supplies shows $750 of unused supplies on May 31. 3. Annual depreciation is $3,000 on the buildings and S1,500 on equipment. 4. The note payable interest rate is 12%. (The note was taken out on May 1 and will be repaid along with interest in 2 years.) 5. Two-thirds of the unearned rent revenue has been earned. 6. Salaries and…
Date December 2020 Particulars Post Ref Amount $ Dr Amount $ Cr 1 Cash - Dr Motor Vehicle -Dr To Capital 180000 250000 430000 2 Office Supplies -Dr To Cash 19000 19000 3 Prepaid Insurance To Cash 28000 28000 4 Cash- Dr To Delivery Service Income 5500 5500 5 Notes Receivable - Dr To Delivery Service Income 35500 35500 6 Salaries -Dr To Cash 65700 65700 7 Cash- Dr To Delivery Service Income 15000 15000 8 Cash- Dr ToAdvance for Delivery Service 12000 12000 9 Cash -Dr To Notes Receivable 35500 35500 10 Fu2el Exps -Dr To Accounts Payable 29800 29800 11 Accounts Receivable Cash- Dr To Delivery Service 4500 4500 12 Office Rent- Dr Prepaid Rent- Dr To Cash 7083 77917 85000 13 Accounts Payable -Dr To Cash 20800 20800 14 Drawing -Dr To Cash 15300 15300 During the period January to…
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Bookmarks Window Help D eBook Nov. 1 Bonds Payable Interest Expense Cash Dec. 31 Interest Expense Interest Payable Check My Work C CengageNOWv2 | Online teaching and learning resource from Cengage Learning Show Me How Journalize the entries to record the above selected transactions for the current year. If an amount box does not require an entry, leave it blank. May 1 Cash v2.cengagenow.com Entries for Issuing Thomson Co. produces and butes semiconductors for use by computer manufacturers. Thomson issued $270,000 of 25-year, 12% bonds on May 1 of the current year at face value, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. May 1 Issued the bonds for cash at their face amount. Nov. 1 Paid the interest on the bonds. Dec. 31 Recorded accrued interest for two months. 270,000 APR 20 000 8 more Check My Work uses remaining. 270,000 200 All work saved. M Ć H tv ☎ a = Cengage Learning Email Instructor Save and Exit . Previous Thu Apr 20…
Barbara Brown started her own accounting firm, Brown Accounting, on June 1, 2024. Barbara wants to prepare monthly financial statements, so adjusting entries are required on June 30. Selected transactions for June follow: 1. 2. 3. 4. 5. 6. 7. 8. $780 of supplies were used during the month. Utilities expense incurred but not yet recorded or paid on June 30, 2024, is $231. Paid cash of $3,384 for a one-year insurance policy on June 1, 2024. The policy came into effect on this date. On June 1, purchased office equipment for $9,720 cash. It is being depreciated at $162 per month for 60 months. On June 1, Barbara signed a note payable for $8,200, 6% interest. Assume June 30 is a Wednesday and employees are paid on Fridays. Brown Accounting has two employees, who are paid $1,050 each for a five-day workweek that ends on Friday. On June 15, received a $1,160 advance cash payment from a client for accounting services expected to be provided in the future. As at June 30, one-half of these…
%24 %24 %24 %24 %24 eNOWv2 | Online teachin X Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator3D&inprogress3false Blackboard Learn US: The Texas Abort... eb California governor... USN Idaho Supreme Co... Oklahom ... Calculate interest using a 360-day year. If required, round your answers to the nearest cent. Principal Interest Rate Time Interest $2,700 9.6% 30 days 45 days 3,300 6.0% 80 days 3,800 10.5% 120 days $4 5,300 150 days
Safari 4:22 PM Tue Jan 30 < HW Set 1 (Ch 2 and 3) Template Calibri (Body) fx Enter text or formula here A 1 E 2.16 2 Information for Montgomery, Inc. 3 4 5 6 7 Cash 8 Accounts Receivable 9 Inventory 10 PP&E, net 11 Goodwill NOPAT for 2020 12 Other operating assets 13 A/P 14 Accrued Expenses and other 15 Unearned revenues 16 Long-term debt 17 Common stock 18 19 20 a. 21 NOA for 2019 22 NOA for 2020 23 24 b. 25 26 27 28 29 30 31 32 33 34 35 Retained earnings 2020 FCF E 2.16 E 2.17 E 3.15 11 B HE E 3.18 Home Insert $ BIU C 3,150 2019 3,590 5,650 10,240 21,840 13,160 3,450 10,400 10,350 3,120 7,680 18,840 7,540 + Draw Page Layout ABC 2020 4,260 8,340 11,460 26,110 14,310 4,720 13,310 13,740 4,770 8,350 18,930 10,100 ch LL F Formulas Data G Review View General H < E < H: AH L O M Σ ☎: 50% |||| O
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Jan. 1, 2020 Dec. 31, 2020 Accrued Expenses $30,000 $26,000 Payments Made $67,000 Operating Expenses $69,000 Prepaid Expenses $12,000 ? How much is the prepaid expenses on Dec. 31, 2020?
create a t account for this month