Entries by mary WAMBUGU

Charley Corporation issued $200,000 of 7%, 5-year bonds on June 1, 2017. The bonds which were issued at 96, pay interest on January 1 and June 1.

August 31, 2019 in /by

Charley Corporation issued $200,000 of 7%, 5-year bonds on June 1, 2017. The bonds which were issued at 96, pay interest on January 1 and June 1. Use this information to prepare the General Journal Entry (without explanation) to record the June 1, 2017 bond issue. If no entry is required then write “No entry […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

On February 1, 2018, Morgan corporation issued 15,000 shares of $10 par value common stock for $15 per share. On April 3, 2018, Morgan reacquired 1,000 of these shares when they were trading $25 each

August 31, 2019 in /by

On February 1, 2018, Morgan corporation issued 15,000 shares of $10 par value common stock for $15 per share. On April 3, 2018, Morgan reacquired 1,000 of these shares when they were trading $25 each. Use this information to prepare the General Journal entries (without explanation) for February 1 and April 3.   Looking for […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

During FY 2017, Mitchell Company reported sales of $98,000, a contribution margin of $6.00 per unit, fixed cost of $30,000, and net income of $24,000.

August 31, 2019 in /by

During FY 2017, Mitchell Company reported sales of $98,000, a contribution margin of $6.00 per unit, fixed cost of $30,000, and net income of $24,000. Use this information to determine the number of units Mitchell Sold during FY 2017 (Round any total dollar value to the nearest whole dollar & enter as whole dollars only. […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Roberts Air Conditioning & Heating Company performs air conditioner repair service. During July, its busiest month, Roberts had repair labor hours of 60,000 and total costs of $840,000.

August 31, 2019 in /by

Roberts Air Conditioning & Heating Company performs air conditioner repair service. During July, its busiest month, Roberts had repair labor hours of 60,000 and total costs of $840,000. During December, its slowest month, Roberts had labor hours of 20,000 and total costs of $480,000. Use this information to determine Roberts’ total monthly fixed costs. (Round […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"