COLLEGE ACCOUNTING CH. 1-9 (LOW COST)
23rd Edition
ISBN: 9780357069493
Author: HEINTZ
Publisher: CENGAGE L
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Chapter 22A, Problem 1SEB
To determine
Journalize the entry for the semiannual interest payment and discount amortization in the books of Corporation S.
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COLLEGE ACCOUNTING CH. 1-9 (LOW COST)
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- Solve my proarrow_forwardH. Smith is employed at a rate of $35 (USD) PER HOUR FOR A FORTY HOUR WORK WEEK:any hour over the forty smith is paid an additional $5usd. during the month of march 2016 smith worked the following schedule: Work week hours worked benefits Value of benefits March 1-4 40 cell phone 15000.00TT$ March 7-11 45 Housing 40,000 March 14-18 42 Motor car 45,000 March 28-31 41 Cash Allowance 100,000 Tax Credits: Personal allowance 75,000, NIC 9% OF BASIC PAY, PAYE rate vv25%. using an exchange rate of $1.50tt$ for us $1, compute the net pay of mr smith formonth ending march 31,2016 in TT currency.arrow_forwardWhat is the average collection period in terms of days?arrow_forward
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