Park Corporation is planning to issue bonds with a face value of $3,200,000 and a coupon rate of 10 percent. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Park uses the effective- interest amortization method and also uses a premium account.
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- Jasmine Thompson AutoSave Document4 Word O Search B Share Comment File Insert Draw Design Layout References Mailings Review View Help Home O Find X Cut Calibri (Body) A A Aa A EE v E EE T AaBbCcDd AaBbCcDd AaBbC AABBCCC AaB AaBbCcD AaBbCcDd AaBbCcDd v 12 S Replace Dictate Editor Copy Paste Emphasis BIU ab x, x' A ~ A EEEE E - 1 Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em... A Select V Format Painter Styles Editing Voice Editor Clipboard Font Paragraph 3 4 5. 6. 1 2. In Year 2, Chalon Company records the payment of $450 cash for an expense accrued in Year 1 and records the accrual of $425 for another expense. Additionally, Chalon Company pays $475 for supplies that were purchased in Year 1 on account. The impact of these three entries on Year 2 total expenses and total liabilities is: Total Expenses Liabilities a. increase by $425 decrease by $500 b. increase by $450 decrease by $25 c. increase by $425 increase by $25 d. increase by $900 decrease by $500 e. increase…Exercise 7-37 (Algo) Prorate Over- or Underapplied Overhead (LO 7-3) Marian Manufacturing (2M) applies manufacturing overhead to jobs based on direct labor costs, For Year 2, 2M estimates its manufacturing overhead to be $422,760 and its direct labor costs to be $813,000. 2M worked on three jobs for the year. Job 2M-1, which was sold during Year 2, had actual direct labor costs of $536,250. Job 2M-2, which was completed but not sold at the end of the year, had actual direct labor costs of $360,750. Job 2M-3, which is still in work-in-process inventory, had actual direct labor costs of $78,000. Actual manufacturing overhead for Year 2 was $540,400. Required: Prepare an entry to allocate over- or underapplied overhead to Work in Process, Finished Goods and Cost of Goods Sold. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.name the account to be debited and the name of the account to be credited for each transaction. *
- Approved CAE_BSA BSMA BSAIS BSIA_ACC 124_Sombilon.Aguilar (1).pdf - Foxit Reader File Home Comment Fil & Sign View Form Protect Share Connect Help Tell me what you want to do... Find O SnapShot B Clipboard O Fit Page TI T 110.51% A Link File Attachment D Fit Width D Fit Visible Rotate Left Bookmark Le Image Annotation Hand Select Actual Reflow Typewriter Highlight Rotate Right | Audio & Video Size Tools View Comment Links Insert PDF 4 Word Convert Start Approved CAE_BSA BS... PDF 2 Word DAIF checks of customers returned by bank Error in recording a check in the book. The correct amount as paid by the bank is P100,000 instead of P200,000 as recorded in the book The correct cash balance under current assets on December 31, 2019 is 500,000 100,000 Problem 11 The accounts of DMCI Holdings, Inc. revealed the following facts on August 31,2019. Balance of bank statement 1,200,000 Outstanding checks, August 31: Number 555 10,000 55,000 40,000 25,000 65,000 70,000 275,000 761 UM 762 763 764 765…in need the answer in the general journal box??File Edit View History Bookmarks Profiles Tab Window Help ogle Search x QuickLaunchSSO :: Single Sig x M Question 8 - Chapter 2 Home X M Chapter 2 Quiz - Connect x + to.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... K Homework nces Saved Required information Use the following information for Exercises 17-18 below. (Algo) [The following information applies to the questions displayed below.] The transactions of Belle Company's appear below. 1. D. Belle created a new business and invested $5,400 cash, $6,900 of equipment, and $12,000 in web servers. 2. The company paid $4,000 cash in advance for prepaid insurance coverage. 3. The company purchased $700 of supplies on credit. 4. The company paid $900 cash for selling expenses. 5. The company received $5,400 cash for services provided. 6. The company paid $700 cash toward accounts payable. 7. The company paid $2,500 cash for equipment. H Exercise 2-17 (Algo) Entering…
- please solve this question with all steps and workings of notes to account as well following IND ASSafari File Edit View History Bookmarks Window Help uLink - Student... W 1. 2. uLink - Student... 3. 4. learn-eu-central-1-prod-fleet01-xythos.content.blackboardcdn.com uLink - Student... 21 445 Entity A enters into the following transactions. You are required to show the impact of the transactions below on the accounting equation. e Content 9 Bb https://learn-eu-... Entity A purchased 1 000 bags of cement from K Ltd on credit. K Ltd normally sells a bag for R45. Entity A received a 10% discount for the 1 000 bags. Entity A returned 150 bags of cement, as they were defective. On the same day, the outstanding balance was settled through an online payment. This transaction did not affect the discount offered to Entity A. Select the correct values from the dropdown menus in the table provided in the Blackboard activity. MAR 7 In an attempt to assist the business, the owner of Entity A deposited R100 000 into the entity's bank account. A quarter of the amount is payable to the owner and…Registers in OBO: Multiple Choice Display more detailed information about accounts Display all transactions for the account Display a running balance for the account All of these choices are correct.
- Chrome File Edit View History Bookmarks Profiles Tab Window Help Inbox (248) - abi x M Gmail M Question 3-Chap x M Question 4 - Chaj x Student Registrat xiConnect - Home × ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... mapter 5 Quiz Saved Use the following information for the Quick Studies below. Help 4 [The following information applies to the questions displayed below.] 58 ts Ask The following are the sales transactions of EcoMart Merchandising. EcoMart uses a perpetual inventory system and the gross method. October 1 Sold merchandise for $1,800, with credit terms n/30, invoice dated October 1. The cost of the merchandise is $1,050. October 6 The customer in the October 1 sale returned $180 of merchandise for full credit. The merchandise, which had cost $105, is returned to inventory. October 9 Sold merchandise for $850 cash. Cost of the merchandise is $570. October 30 Received payment for the amount due from…Start Here-Introduction to Man X * CengageNOwv2 | Online teachin x v.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false M Gmail O YouTube Maps I KOT4X Kings of Tra. A Tradingview * MindTap - Cengage.. еВook Show Me How Calculator Support Department Cost Allocation-Reciprocal Services Method Brewster Toymakers Inc. produces toys for children. The toys are produced in the Molding and Assembly departments. The Janitorial and Security departments support the production of the toys. Costs from the Janitorial Department are allocated based on square feet. Costs from the Security Department are allocated based on asset value. Relevant department information is provided in the following table: Janitorial Security Molding Assembly Department Department Department Department Square feet 650 1,600 1,600 4,800 Asset value $200 $220 $1,800 $2,000 Department cost $2,000 $1,600 $10,800 $12,200 Using the reciprocal services method of support department…Subject : Accounting what is the lowest subscription level of QuickBooks online that allows custom fields to be added to purchase orders?