130ABDGHKLMNP1 ACCT328, HW 2 Due no later than Mar 13, 2022 11:55 PM:After deducting an RPP contribution of $2,000, Mrs. Blue has net employment income of $34,000in the previous year. Her employer reports a Pension Adjustment of $4,500 on her previous year'sT4. Her current year's RRSP contributions total $5,000. At the end of the previous year her6 Unused RRSP Deduction Room was $2,500.9 Required: What is the maximum RRSP deduction that Mrs. Blue can take on her current year's tax return?101112 Solution:131415161718192021222324253031

RRSP means Registered Retirement Saving Plan. A…

Answered: CCT 328, HW 2 Due no later than Mar 13,…

Business

Accounting

CCT 328, HW 2 Due no later than Mar 13, 2022 11:55 PM:

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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mid term q1 (1).jpg 8°C Partly sunny 2021 QS 10-2 Current portion of long-term debt LO1 On January 1, 2020, La Petite Macaron, a local French bakery, borrowed $84,000 from the bank. Interest is calculated at the rate of 4% and the term of the note is four years. Four equal annual payments will be made in the amount of $23,141 each December 31. The payment schedule is shown below: 2022 Year Annual Payment Principal Portion of Payment Interest Portion of Payment Principal Balance at Year-End 2020 $19,781 $3,360 $64,219 20,572 2,569 43,647 21,395 22,252 22,252 2023 $23,141 23,141 23,141 23,141 e Show how La Petite Macaron will show the note on its year-end balance sheet: 1. December 31, 2020 2. December 31, 2021 H Q Search : 444 hp 1,746 889 6 -0- Q 100% ENG IN 23:48 05-11-2023 0 pa dn
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11:37 AM ... alll 4G 26% Vo) e Assignment 2.docx 6. Submission: The last day for submission of this assignment is October 12th, 2021. Please save the document for future clarification. Exercise 1 1. The Creative Electronics Company shows the following selected adjusted account balances as at December 31, 2020: 11 Accounts Payable 2.0 00 15 Salaries Payable 3,0 00 Accumulated 40, Depreciation, Equipment 00 Estimated Warranty Liability 35, 00 29 Mortgage Payable 2.0 00 Notes Payable, 6 months 38, 00 Required: Prepare the current liability section of Creative's balance sheet. $52,000 in principal is due during 2021 regarding the mortgage payable. 2. On January 2, 2020, the Casual Elite Co. acquired land to build a distribution centre by issuing a 6%, three-year note for $200,000. The note will be paid in three annual payments of $74,822 each December 31. The payment schedule follows: Annual Principal Principal Portion of Interest Ye Paymen Portion of Balance at Year- Payment IS ar Payment…
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