please answer within 30 minutes. Create journal entries for the following:Liability-classified awards:a. Grant dateIs there any entry made on the grant date?b. Expense during vestingc. Deferred tax benefit due to the expense duringthe vestingd. Cash paid to settle the awarde. Tax deduction upon the settlement

a. No entry is made on the grant date as no transaction is being entered into by an employee and…

Answered: Create journal entries for the…

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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4. Five transactions for Jodry & Associates follow. A. Journalize the five transactions under a GST/PST system. The rate of GST is 5%; PST is 8%. Both taxes are charged on all sales, and both percentages are calculated on the original amount of the invoice. Use the following accounts: A/R - Booker Industries A/R - Genco Corporation A/R - Hall Industries A/P- Bell Cellphones HST Payable HST Recoverable PST Payable Sales Office Supplies Expense Telephone Expense A/P- Great Stationers GST Payable GST Recoverable TRANSACTIONS October 19 Sales Invoice No. 459 to Booker Industries, $1250 plus GST and PST. 19 Sales Invoice No. 460 to Genco Corporation, $1500 plus GST and PST. 20 Sales Invoice No. 461 to Hall Industries, $2700 plus GST and PST. 22 Purchase Invoice No. 49390 from Bell Cellphones, $313.20 plus GST. (Note: This transaction is exempt from PST because it is a service not covered by the provincial tax regulations.) 25 Purchase Invoice From Great Stationers, No. 15586 for office…
A friend agreed to lend you money today. You must repay your friend by making payments of $30 per month for the next six months. The first payment must be paid today. In addition, you must pay 2 percent interest per month. How much total interest will you end up paying your friend? Multiple Choice о $9.50 О $4.50 о $4.68 C $8.60
Tuition of $2075 will be due when the spring term begins in 6 months. What amount should a student deposit today, at 7.51%, to have enough to pay the tuition? The student should deposit $ (Simplify your answer. Round to the nearest dollar as needed.)
Calculate the amount of interest that the following note will earn (for the life of the note). Please show work! $1,000 Face 7% interest Term: 90 days
Please send me the question in 20 minutes it's very urgent plz find
Set up a time line to illustrate the following situation: You currently have $2,000 in a3-year certificate of deposit (CD) that pays a guaranteed 4% annually.
The collection of a 1200 account after the 2 percent discount period will result in a
Godo
You loan a friend $200 and are repaid $120 at the end of the first month and $30 at the end of each month for the next three months. What is your rate of return?
If Doug has a credit of $2,000 on his Visa and spends on average $600 a month, what is Dougs credit utilization? A. 30% B. 15% C. 60% D. 45%
Please answer this question. Prepare a journal entry for purchasing a AFS security for $150000.
10

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