Entries by mary WAMBUGU

Review the unadjusted trial balance below and prepare adjusting journal entries to record the varibelow. Record in the space provided at the bottom of this spreadsheet.

August 28, 2019 in /by

Review the unadjusted trial balance below and prepare adjusting journal entries to record the various described items below.  Record in the space provided at the bottom of this spreadsheet.  After completing journal entries, complete the adjusted trial balance below.  Lastly complete the income statement, balance sheet and statement of retained earnings. The balance sheet must […]

 

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Select the best answer for the following questions. Each question is worth 5 points.

August 28, 2019 in /by

Multiple Choice Questions Select the best answer for the following questions. Each question is worth 5 points. Question 1 (5 points) A corporation has the following account balances: Common Stock, $10 par value, $740,000; Paid-in Capital in Excess of Par, $1,850,000. Based on this information, the _______________. Question 1 options: legal capital is $2,590,000 shares […]

 

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On July 1, 2016 Alpha Company sells $1,000,000 face value of 10% five year bonds which call for semiannual interest payments. The bonds are dated April 1, 2016 so these bonds are issued between interest dates.

August 28, 2019 in /by

ACCT 221 Quiz # 1 PROBLEM 2 ANSWER SHEET This problem is worth 15 points.  On July 1, 2016 Alpha Company sells $1,000,000 face value of 10% five year bonds which call for semiannual interest payments.  The bonds are dated April 1, 2016 so these bonds are issued between interest dates.  The market rate at […]

 

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Using vertical analysis (show your calculations), present values for this year and last year: Gross profit margin Net profit margin (use the last “net income” line on the statement)

August 28, 2019 in /by

Using vertical analysis (show your calculations), present values for this year and last year: Gross profit margin Net profit margin (use the last “net income” line on the statement) Comment on changes: Are sales increasingly profitable? How is gross profit and net income changing, as a dollar value?   Looking for a Similar Assignment? Order […]

 

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