Question 13Not yet answeredMarked out of 1P Flag questionthe statement of financial position for 2020 were as following:Cash $12000, A/R $10000, Prepaid Insurence for 6months $8000, Land $20,000, Equipment $10000, A/P $5000, Unearned Revenue $6000, N/P for 3 months $4000,Bonds payable for 5 years $12000, N/P for two years $3000, Share Capital $22000, Retained Earnnings $8000, what isthe total Equity?O a. $15000.Ob $11000.Oc. $30000.Od. s12000.Question 14Marked out of1Flag questionNot vet answveredX Company sold merchandise to customer by S20500 term 2/10, net 30,the cost of goods sold (CGS) is $15000, after 3days they granted customer $500 for sales returns has a cost $300, what is the entry of cash collection from A/R usingperpetual system if cash was received during discount period (10 days)?isk assignment 2png

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Question 13 Not yet answered Marked out of 1 P Flag question the statement of financial position for 2020 were as following:Cash $12000, A/R $10000, Prepaid Insurence for 6 months $8000, Land $20,000, Equipment $10000, A/P $5000, Unearned Revenue $6000, N/P for 3 months $4000, Bonds payable for 5 years $12000, N/P for two years $3000, Share Capital $22000, Retained Earnnings $8000, what is the total Equity O. $15000 Ob. $11000. Oc. $30000. Od $12000 Question 14 Not yet answered arked out of 1 lag question X Company sold merchandise to customer by 520500 term 2/10, net 30the cost of goods sold (CGS) is $15000, after3 days they granted customer $500 for sales returns has a cost 5300, what is the entry of cash collection from A/R using perpetual system if cash was received during discount period (10 days)

Question 13 Not yet answered Marked out of 1 P Flag question the statement of financial position for 2020 were as following:Cash $12000, A/R $10000, Prepaid Insurence for 6 months $8000, Land $20,000, Equipment $10000, A/P $5000, Unearned Revenue $6000, N/P for 3 months $4000, Bonds payable for 5 years $12000, N/P for two years $3000, Share Capital $22000, Retained Earnnings $8000, what is the total Equity O. $15000 Ob. $11000. Oc. $30000. Od $12000 Question 14 Not yet answered arked out of 1 lag question X Company sold merchandise to customer by 520500 term 2/10, net 30the cost of goods sold (CGS) is $15000, after3 days they granted customer $500 for sales returns has a cost 5300, what is the entry of cash collection from A/R using perpetual system if cash was received during discount period (10 days)

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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please all parts Find the following accumulated values on December 31, 2020 a) $6000 invested on May 1, 2020 at 3.6% interest. b) $20,000 invested on January 1, 2018 if &t = 0.025 + 0.02t. (c) $15,000 invested at ireal=3.25% on January 1, 2020 if inflation in 2020 is 1.75% d) Payments of $5,000 made every December 31 from 2014 to 2020 at 5% interest.
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QUESTION 25 How long must a capital asset be held to qualify for long term treatment? O A. Six months O B. One year and one day OC. One year O D. Same trade date one year from purchase QUESTION 20 The following taxes are deductible as itemized deductions with the exception of: O A. Local personal property taxes O B. Foreign real property taxes OC. Social security taxes O D. State income taxes
View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. From the following list indicate which of the liabilities that would be classified as current. Type here to search a. Deferred revenue on a project that will be completed in 6 months Ob. Bank loan payable in 2 years c. Deferred income taxes Jury d. Pension liability e. The portion of a 10-year bank loan that is due this year f. Payroll deductions owing to the government g. A provision for warranty repairs related to a product with a 1-year warranty eTextbook and Media hp Assistance 27°C
View Policies Current Attempt in Progress Windsor Industries borrows $18800 at 8% annual interest for six months on October 1, 2022. Which is the appropriate entry to accrue interest if Windsor employs a December 31, 2022, fıscal year? O Dr Interest Expense $1504 Cr Interest Payable $1504 O Dr Interest Expense $376 Cr Interest Payable $376 O Dr Interest Expense $376 Cr Notes Payable $376 O Dr Notes Payable $1504 Cr Interest Payable $1504 Save for Later Attempts: 0 of 1 used Submit Answer