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On March 31, 2016, Alpha Company’s note receivable from Bravo Company was dishonored due to the extreme decline in economic conditions.

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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 entry is required then write “No Entry Required.”

 
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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.

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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 then write “No Entry Required.”

I need a credit and debit ledger format

 
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On January 2, 2016, Alpha Company acquired a new machine by signing a 5 year note for $72,000. The estimated service life is eight years and the total units of output to be 200,000.

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On January 2, 2016, Alpha Company acquired a new machine by signing a 5 year note for $72,000. The

estimated service life is eight years and the total units of output to be 200,000. The estimated residual value is $8,000. Using the straight-line method, how much is: (Enter only whole dollar values.)

 
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On July 1, 2016, Alpha Company negotiated the purchase of a new piece of equipment with the seller Zulu Company. T

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On July 1, 2016, Alpha Company negotiated the purchase of a new piece of equipment with the seller Zulu

Company. The equipment was list for $200,000. Smooth talking Alpha was able to negotiate the purchase price and acquired the equipment at $180,000. Alpha Company completed the purchase transaction on July 1. Additionally, Alpha was entitled to a 1% discount if it paid for the equipment within 10 days. After completing the purchase, Bravo Company, third party, offered Alpha, $185,000 for this equipment. What amount should Alpha Company record the equipment purchase at if payment is made by July 11?

 
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