Need a worksheet in excel form add interest expense - of 167.00 please.
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- Credit termog 1/10, n/30 meansThree different lease transactions are presented below for Sandhill Enterprises. Assume that all lease transactions start on January 1, 2024. Sandhill does not receive title to the properties, either during the lease term or at the end of it. The yearly rental for each of the leases is paid at the beginning of each year. Sandhill Enterprises prepares its financial statements using ASPE. Lease term Estimated economic life Yearly rental payment Fair market value of leased asset Present value of lease rental payments Interest rate Manufacturing Equipment 5 years 15 years $18,000 $126,000 $81,270 3.5% Vehicles 6 years 7 years $19,260 $109,200 $100,962 4% Office Equipment 3 years 5 years $5,010 $22,500 $12,912 8% Ass me that Sandhill Enterprises has purchased the vehicle for $109,200 instead of leasing it and that the amount borrowed was $109,200 at 8% interest, with interest payable at the end of each year. Prepare the entries for 2024. (List all debit entries before credit entries. Credit…help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
- The question is how do I make the Excel Tables correctly before trying to plot the remaining units and get by solving those in the spreadsheet?Subject - account Please help me. Thankyou.A-E is either going to be: Account Accounts receivable Asset Classified balance sheet Creditors Equality Ledger Payable Three
- Purchase InvoiceFrom Repair Experts, $875 plus HST, for maintenance and repairs to the company’s equipment. what is journal?ezto.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Fblackboard.waketech.edu%252Fwebapps%252Fportal%252Fframeset.jsp%25 Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $41,100; accounts payable, $29,100%; merchandise inventory, $15,100; Joe Ryan, capital, $48,200; and equipment, $21,100. LONG PRINT SHOP Balance Sheet December 31, 2020 Assets Liabilities ces Owner's Equity Total assets Total liabilities and owner's equity acer ΣPete's Propellers Company showed the following information in its Property, Plant, and Equipment Subledger regarding Machine # 5027. Machine # 5027 Component Single metal housing Motor Blade View transaction list *SL = Straight-line; DDB = Double-declining-balance On January 7, 2020, the machine blade cracked and it was replaced with a new one costing $11,200 purchased for cash (the old blade was scrapped). The new blade had an estimated residual value of $1,000 and an estimated life of five years and would continue to be depreciated using the straight-line method. During 2020, it was determined that the useful life on the metal housing should be increased to a total of 17 years instead of 15 years and that the residual value should be increased to $9,000. Journal entry worksheet
- 20 D8 E10-5 exercise FAB Company sells a wide range of merchandise, which are initially purchased on account. Short-term notes are frequently issued to obtain cash. a) On January 10, FAB purchased $200 of merchandise on credit on a perpetual system. b) On March 1, FAB borrowed $600 by issuing a promissory note at face with 8 percent interest accrued at the beginning of each month until paid at maturity in six months. c) On April 1, FAB accrued interest on the $600 note. NAME d) On September 1, FAB paid the note and accrued interest. REQUIRED: 1. On the spreadsheet below, record each event (a) to (d) above; name blank accounts. 2. As each event is recorded, indicate its effect on FAB's current ratio, debt-asset ratio, and times interest earned: Increase, Decrease, or No effect. FAB had $3000 liabilities and $5000 total assets prior to January 10. Event--FAB Co. Beginning Balanc a)buy merchandise b) receive on note c) accrue interest for March on Apr 1 d) pay note pay interest Ending…A Attachment-1.pdf - Adobe Acrobat Pro DC (32-bit) English File Edit View Sign Window Help Home Tools Attachment-1.pdf Subscribe 3 / 5 з /5 75% Accounts. Post the entries to the two accounts (use T-accounts), and determine the balances, Search tools (c) Prepare the journal entry to record bad debt expense for 2014, assuming that an aging of accounts receivable indicates that estimated bad debts are Tk.22,000. (d) Compute the accounts receivable turnover ratio for the year 2014, assuming the expected bad debt information presented in (c). Create PDF Question-2: Presented below is an aging schedule for Garry Owen Company Edit PDF 1 Number of Days Past Due 2 Not 3 Customer Total Yet Due 1-30 31-60 61-90 Over 90 $ 26,000 Export PDF 4 Alma $11,500 $14,500 5 Browne 45,000 $ 45,000 6 Conlon 75,000 22,500 7,500 $45,000 Comment 7 Dalton 57,000 $57,000 8 Others 189,000 138,000 22,500 19,500 9,000 F0 Organize Pages $392,000 $205,500 $41,500 $34,000 $45,000 $66,000 Estimated 10 percentage…Profiles Tab Window Help A CengageNOWv2 | Online teach x K Counseling eAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false MLA Citation Gen. Spinbot.com - Arti. Plagiarism Checke.. edunav cenage Inflaor 围 eBook Show Me How Retained earnings statement Instructions Labels and Amount Descriptions Retained Earnings Statement Instructions Financial information related to Healthy Products Company for the month ended November 30, 2018, is as follows: Net income for November $160,000 Cash dividends paid during November 23,500 Retained earnings, November 1, 2018 371,000 1. Prepare a retained earnings statement for the month ended November 30, 2018. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. 2. Why is the retained earnings statement…
