Entries by mary WAMBUGU

The accounts in the ledger of Talbot Delivery Service contain the following balances on July 31, 2014. Accounts Receivable $10,642 Prepaid Insurance $  1,968

The accounts in the ledger of Talbot Delivery Service contain the following balances on July 31, 2014. Accounts Receivable $10,642 Prepaid Insurance $  1,968 Accounts Payable 8,396 Maintenance and Repairs Expense 961 Cash ? Service Revenue 10,610 Equipment 49,360 Dividends 700 Gasoline Expense 758 Common Stock 40,000 Utilities Expense 523 Salaries and Wages Expense 4,428 Notes […]

 

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On Jan 1, 2017, Alpha Company purchased a significant influence shares investment in the Bravo-Zulu Company for $250,000.

On Jan 1, 2017, Alpha Company purchased a significant influence shares investment in the Bravo-Zulu Company for $250,000. The investment balance represents 30% of the equity of the Bravo-Zulu Company. During 2017, Bravo-Zulu Company reported Net Income of $25,000 on Nov 15, 2017 Bravo-Zulu Company paid cash dividends of $10,000 to its shareholders. Use this […]

 

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On Jan 2, 2017, Alpha Company purchased 10,000 shares of the stock of Zulu Company, and did not obtain significant influence. The investment is intended as a long-term investment.

On Jan 2, 2017, Alpha Company purchased 10,000 shares of the stock of Zulu Company, and did not obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $10 per share, and represents a 12% ownership stake. Zulu Company made $25,000 of net income in 2107, and paid dividends […]

 

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On 30 Jun, 2016, Alpha Corp issued 600,000 of 7%, 10 yr bonds at 98.5% its semiannual interest date. Alpha uses the straight-line method for amortization.

On 30 Jun, 2016, Alpha Corp issued 600,000 of 7%, 10 yr bonds at 98.5% its semiannual interest date. Alpha uses the straight-line method for amortization. Use this information to determine the carrying value of this bound issue after adjusting entries have been made on June 30, 2018? Round to the nearest whole dollar.   […]

 

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