Problem 8-2 (with solution/explanation) On October 1, 2021, Home Company issued to Security Banka P6,000,000, 8-month, noninterest-bearing note. The notepayable was discounted by the bank at 12%.Required:1. Prepare the appropriate journal entry by Home Companyto record the issuance of the note.2. Prepare the adjusting entry on December 31, 2021.3. Present the note payable on December 31, 2021.4. Prepare the journal entry to record the discountamortization and payment of the note payable on June 1,2022, date of maturity.

Note:- Since you have posted a question with multiple sub-parts, we will solve the first three…

Answered: bank at 12%.

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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Required information [The following information applies to the questions displayed below.] Consider the following narrative describing the process of filling a customer's order at a Starbucks branch: Identify the start and end events and the activities in the following narrative, and then draw the business process model using BPMN: the Starbucks customer entered the drive-through lane and stopped to review the menu. He then ordered a Venti coffee of the day and a blueberry muffin from the barista. The barista recorded the order in the cash register. While the customer drove to the window, the barista filled a Venti cup with coffee, put a lid on it, and retrieved the muffin from the pastry case and placed it in a bag. The barista handed the bag with the muffin and the hot coffee to the customer. The customer has an option to pay with cash, credit card, or Starbucks gift card. The customer paid with a gift card. The barista recorded the payment and returned the card along with the…
A7 please help[.....
I asked for S5-6
what are the solutions for questions 4 & 5?
Can you please solve questions 5-15 of the problem above. Thank you.
please answer this which is part C
Zina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800

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