Entries by mary WAMBUGU

class=”ql-cursor”>On January 1, 2016, Alpha Company secured a $100,000, 6% annual rate mortgage note.

August 30, 2019 in /by

5.) class=”ql-cursor”>On January 1, 2016, Alpha Company secured a $100,000, 6% annual rate mortgage note. Monthly payments are $1,500, with the first payment being due on January 31 2016, what is the unpaid balance of the note on March 1, 2016? (Round your answer to the nearest whole dollar.) Question 5 options:Question 6 (8 points) Saving… Saved […]

 

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On January 2, 2016, Alpha Corporation issued 2,500 shares of $4 par value common stock. The issue price was $15 per share.

August 30, 2019 in /by

8.)On January 2, 2016, Alpha Corporation issued 2,500 shares of $4 par value common stock. The issue price was $15 per share. On January 15, Alpha Corporation issued 1,000 shares of its $100 par 5% cumulative preferred stock for $107 per share. Use this information to prepare the General Journal entry (without explanation) for the […]

 

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Frederick Mining Company owns a large parcel of land which costs $950,000. It is estimated to contain 1,800,000 tons of recoverable ore

August 30, 2019 in /by

Frederick Mining Company owns a large parcel of land which costs $950,000. It is estimated to contain 1,800,000 tons of recoverable ore. It is estimated that the recovery of the ore will take 10 years and that after the ore is fully depleted the land will be sold for a market value of $100,000. In […]

 

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Given below are account balances for Charlie Company: Gross sales, $92,000 /> Sales returns and allowances, $6,000

August 30, 2019 in /by

Question Given below are account balances for Charlie Company:Gross sales, $92,000 />Sales returns and allowances, $6,000Selling expenses, $12,000Cost of goods sold, $44,000Interest expense, $3,000How much is the gross profit margin? (enter your percentage as a decimal rounded to two decimal places. Example – enter 46% as .46)   Looking for a Similar Assignment? Order now and […]

 

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