Entries by mary WAMBUGU

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.

August 27, 2019 in /by

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 the date of issue is also 10%.  For simplicity, […]

 

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Philadelphia Widget Corpora±on is in the process oF preparing ²nancial statements For the year ended 12/31/201They have completed the balance sheet and income statement as shown.Philadelphia Widget Corpora±on

August 27, 2019 in /by

This is a comprehensive problem all contained on this spreadsheet tab. You are to prepare a cash flow statement, a vertical analysis, a horizontal analysis, and some ratio calculations. Scroll down the spreadsheet to complete each part. Philadelphia Widget Corporation is in the process of preparing financial statements for the year ended 12/31/2015. They have […]

 

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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

August 27, 2019 in /by

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 issued are 1,850,000 shares outstanding are 740,000 legal capital is $740,000 Save Question 2 (5 points) On January […]

 

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Sales for the month of June were $75,000. Using a percentage allowance method of 1% record the allowance for doub±ul accounts.2. On June 30, it was determined that two customers with receivables totaling $980 were not likely to pay

August 27, 2019 in /by

Complete journal entries for the following transactions related to accounts receivable and the allowance for doubtful accounts: 1. Sales for the month of June were $75,000.  Using a percentage allowance method of 1% record the allowance for doubtful accounts. 2.  On June 30, it was determined that two customers with receivables totaling $980 were not […]

 

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