Entries by mary WAMBUGU

Bravo Company had beginning inventory of $75,000, purchased merchandise during the period for $200,000, and had ending inventory of $16,000. How much was cost of goods sold?

August 22, 2019 in /by

Bravo Company had beginning inventory of $75,000, purchased merchandise during the period for $200,000, and had ending inventory of $16,000. How much was cost of goods sold?   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Baltimore Company’s assets and liabilities are Accounts Receivable $800, Equipment $10,000, Accounts Payable $4,500, Prepaid Rent $2,000, Supplies $400, Bank Loan $2,550, and Tools $300.

August 22, 2019 in /by

1.Baltimore Company’s assets and liabilities are Accounts Receivable $800, Equipment $10,000, Accounts Payable $4,500, Prepaid Rent $2,000, Supplies $400, Bank Loan $2,550, and Tools $300. Baltimore’s total liabilities are: (All account balances are normal.) 2.Baltimore Company’s assets and liabilities are Accounts Receivable $2,550, Equipment $8,000, Accounts Payable $5,300, Prepaid Rent $2,450, Supplies $675, Bank Loan […]

 

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Annapolis Corporation’s trial balance included debits to expense accounts of $125,000, credits to revenue accounts of $231,000, and debits to the Dividends account of $50,000.

August 22, 2019 in /by

1.Annapolis Corporation’s trial balance included debits to expense accounts of $125,000, credits to revenue accounts of $231,000, and debits to the Dividends account of $50,000. Based on this information, what is the amount of the company’s net income or loss. Enter a loss as a negative number. 2.Baltimore Company reports total assets and total liabilities of $251,000 […]

 

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On January 1, 20X1, Bravo Company borrowed $24,000 to purchase equipment. The loan is to be repaid plus interest of 10% per year, on December 31, 20X2

August 22, 2019 in /by

1.On January 1, 20X1, Bravo Company borrowed $24,000 to purchase equipment. The loan is to be repaid plus interest of 10% per year, on December 31, 20X2. Prepared the general journal adjusting entry (without explanation) needed for December 31, 20X1. If no entry is required then write “No Entry Required.” 2.On Tuesday March 31, 20X1 the Bravo […]

 

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