subject
Business, 22.01.2020 06:32 nataliatf5034

Gen-x ads co. produces advertising videos. during the current fiscal year, gen-x ads co. received the following notes: date face amount term interest rate 1. jan. 14 $33,000 30 days 4% 2. mar. 9 60,000 45 days 7% 3. july 12 48,000 90 days 5% 4. aug. 23 16,000 75 days 6% 5. nov. 15 36,000 60 days 8% 6. dec. 10 24,000 60 days 6% required: 1. determine for each note (a) the due date and (b) the amount of interest due at maturity, identifying each note by number. 2. journalize the entry to record the dishonor of note (3) on its due date. refer to the chart of accounts for exact wording of account titles. 3. journalize the adjusting entry to record the accrued interest on notes (5) and (6) on december 31. refer to the chart of accounts for exact wording of account titles. 4. journalize the entries to record the receipt of the amounts due on notes (5) and (6) in january and february. refer to the chart of accounts for exact wording of account titles.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 01:30
Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)
Answers: 1
question
Business, 22.06.2019 12:30
On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.
Answers: 3
question
Business, 22.06.2019 21:50
Search engines generate revenue through pay-per-click (each time a user clicks a link to a retailer’s website); pay-per-call (each time a user clicks a link that takes the user to an online agent waiting for a call); or pay-per-conversion (each time a website visitor is converted to a customer)
Answers: 3
question
Business, 22.06.2019 23:10
The direct labor budget of yuvwell corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: 1st quarter 2nd quarter 3rd quarter 4th quarterbudgeted direct labor-hours 11,200 9,800 10,100 10,900the company uses direct labor-hours as its overhead allocation base. the variable portion of its predetermined manufacturing overhead rate is $6.00 per direct labor-hour and its total fixed manufacturing overhead is $80,000 per quarter. the only noncash item included in fixed manufacturing overhead is depreciation, which is $20,000 per quarter.required: 1. prepare the company’s manufacturing overhead budget for the upcoming fiscal year.2. compute the company’s predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year.
Answers: 3
You know the right answer?
Gen-x ads co. produces advertising videos. during the current fiscal year, gen-x ads co. received th...
Questions
Questions on the website: 13722362