Business, 09.11.2019 04:31 turboslayer
The following expenditures relating to plant assets were made by prather company during the first 2 months of 2017.1. paid $5,000 of accrued taxes at time plant site was acquired.2.paid $200 insurance to cover possible accident loss on new factory machinery while the machinery was in transit.3. paid $850 sales taxes on new delivery truck.4.paid $17,500 for parking lots and driveways on new plant site.5.paid $250 to have company name and advertising slogan painted on new delivery truck.6. paid $8,000 for installation of new factory machinery.7. paid $900 for one year accident insurance policy on new delivery truck.8.paid $75 motor vehicle license fee on the new truck. list the numbers of the foregoing transactions, and opposite each indicate the account title to which each expenditure should be debited.
Answers: 2
Business, 21.06.2019 21:00
Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.
Answers: 1
Business, 22.06.2019 11:00
Aprofessional does specialized work that's primarily: degree based. medical or legal. well paying. intellectual and creative
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Business, 22.06.2019 20:30
When patey pontoons issued 4% bonds on january 1, 2018, with a face amount of $660,000, the market yield for bonds of similar risk and maturity was 5%. the bonds mature december 31, 2021 (4 years). interest is paid semiannually on june 30 and december 31?
Answers: 1
Business, 23.06.2019 00:30
Bruno's pizza restaurant makes full payment of $8,300 on an account payable to stella's cheese co. stella's would record this transaction with a
Answers: 3
The following expenditures relating to plant assets were made by prather company during the first 2...
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