Entries by mary WAMBUGU

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

August 25, 2019 in /by

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.)   Looking for a Similar Assignment? Order now […]

 

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Bravo Company had a beginning Accounts Receivable account balance of $380. During the period Bravo’ sold goods on account for $1,400.

August 25, 2019 in /by

Question 1.Bravo Company had a beginning Accounts Receivable account balance of $380. During the period Bravo’ sold goods on account for $1,400. Ending Accounts Receivable had a $630 balance. How much was collected on account during the period? 2.Bravo Company purchased goods on account for $4,500, paid $2,300 of Accounts Payable, and had an ending Accounts Payable balance […]

 

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On January 15, 2016, Bravo Company collected $30,000 from a customer, previously billed, for services rendered. Prepare the general journal entry (without explanation) needed

August 25, 2019 in /by

Question 1.On January 15, 2016, Bravo Company collected $30,000 from a customer, previously billed, for services rendered. Prepare the general journal entry (without explanation) needed. If no entry is required then write “No Entry Required.” 2.On January 15, 2016, Bravo Company purchased $4,000 of construction supplies, on account, from the Zulu Company. Prepare Bravo Company’s general […]

 

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On June 30, 2016, Alpha Company issued $200,000 of 10 ten-year bonds at 103 on its semiannual interest date. Alpha uses the straight-line method for amortization.

August 25, 2019 in /by

  On June 30, 2016, Alpha Company issued $200,000 of 10 ten-year bonds at 103 on its semiannual interest date.  Alpha uses the straight-line method for amortization. Use this information to determine the carrying value of this bond issue after adjusting entries have been made on June 30, 2019? Round your answer to the nearest […]

 

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