Entries by Munene david

On March 31, 2016, Alpha Company’s note receivable from Bravo Company

On March 31, 2016, Alpha Company’s note receivable from Bravo Company was dishonored due to the extreme decline in economic conditions. The note was a one-year, $10,000 note, issued on January 1, 2016, bearing 10%. Use this information to prepare for the Alpha Company the General Journal entries (without explanation) for March 31, 2016. If no […]

 

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This question was created from Quiz #2 – ACCT 221 7984 Principles of Accounting

This question was created from Quiz #2 – ACCT 221 7984 Principles of Accounting II.docx https://www.coursehero.com/file/23965025/Quiz-2-ACCT-221-7984-Principles-of-Accounting-IIdocx/ does this part need to be added to the question 1?  ATTACHMENT PREVIEW Download attachment 23965025-119247.jpeg Step   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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The financial statements for your company are usually posted

The financial statements for your company are usually posted in Item 8 of the SEC 10-K document. Search for the Auditor’s report. 1. What is the name of the outside auditor? 2. The first page of the SEC 10-K is very standard and lists two key locations. Using this information, post the state of incorporation and […]

 

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On January 2, 2016, Alpha Company purchased a patent for $72,000.

On January 2, 2016, Alpha Company purchased a patent for $72,000. The patent has a remaining legal life of nine years and an expected service life of eight years. Use this information to submit the General Journal entry (without explanation) for December 31, 2016 end of the year adjusting entry. If no entry is required […]

 

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