Part-2-Online-Exam_-Basic-Bookkeeping-Level-1

1 SSO: Texas A&M University San Antonio 110 M Question 6 - Week 13 - Homework #8 (100 points) - Connect Week 13 - Homework #8 (100 points) i ezto.mheducation.com b My Questions | bartleby Saved 6 The December 31, 2024, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. 15 points Skipped eBook 101 Hint Print References Mc Graw Hill Cash Accounts Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals Required: Debit $12,000 Credit 150,000 6,000 30,000 265,000 $12,000 11,000 5,000 40,000 300,000 60,000 500,000 400,000 20,000 40,000 5,000 $928,000 $928,000 1. Prepare an income statement for the year ended December 31, 2024. 2. Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024. 3. Prepare a…

Chrome View History Fle Edit Window Tab Profiles Bookmarks Help Question 9-Proctoring x + getproctorio.com/secured lockdown Proctoring Enabled: Summer 2024 Exam 10 Saved Which of the following transactions would result in a decrease in the current ratio? Sตนย Mc Graw Hill Multiple Choice О Collection of cash from an account receivable Selling shares of stock to stockholders in exchange for cash Purchasing a delivery vehicle by signing a long-term note payable Purchasing land by paying cash @ $ 2 3 4 201 < Prev 9 of 20 Next JUN 17 MacBook Pro Search or type URL 96 5 5 Q W E R T & 6 7 8 * m Y U I A ~9 Help He 0 S D F G H J K L X C V B N M H mmand V. 36 comm

Return to Blackboard US Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Help | System Announcements Exercise 9-12 a-b (Part Levei SubmiSSion) CES CALCULATOR PRINTER VERSION 4 ВАCK Oriole Supply Co. has the following transactions related to notes receivable during the last 2 months of 2020. The company does not make entries to accrue interest excer ES- December 31. Nov. 1 Loaned $23,500 cash to Manny Lopez on a 12-month, 12% note. t Sold goods to Ralph Kremer, Inc., receiving a $61,200, 90-day, 10% note. Dec. 11 16 Received a $97,200, 180 day, 8% note in exchange for Joe Fernetti's outstanding accounts receivable. 31 Accrued interest revenue on all notes receivable. (a) Your answer is correct. Journalize the transactions for Oriole Supply Co. (Ignore entries for cost of goods sold.) (Credit account titles are automatically indented when amount is ente indent manually. Use 360 days for calculation. Round answers to 0 decimal places, e.g.…

View History Bookmarks 1- Proctoring Enable X + proctorio.com/secured#lockdown Enabled: Chapter 2 Required Homewor... i Profiles Tab Window Help Required 1 Seaport Corp. had the following transactions during 2024: February 1 Borrowed $20,000 from a bank and signed a note. Principal and interest at 9% will be paid on January 31, 2025. April 1 Paid $5,200 to an insurance company for a two-year fire insurance policy. July 17 Purchased supplies costing $3,600 on account. At the year-end on December 31, 2024, supplies costing $1,650 remained on hand. November 1 A customer borrowed $8,400 and signed a note requiring the customer to pay principal and 7% interest on April 30, 2025. Complete this question by entering your answers in the tabs below. Required: 1. Please carefully record each transaction in general journal form. 2. Please prepare any necessary adjusting entries at the year-end on December 31, 2024. (Note: no adjusting entries were recorded during the year for any item.) View…

experience during your exam m. You will be given an additional ten minute submission window to allow you submit your exam to mitigate for any tecce 5sues you m Click Save and Submit once you have completed the exam. Itiple empts Not allowed. This Test can only be taken once. rce mpletion This Test can be saved and resumed later. Your answers are saved automatically. Question Completion Status: Close Window A Moving to another question will save this response. Question 2 «Question 2 of 10 Goremann Corp (GC) has a total market value of $524 million. The market value of equity is $300 million and the company carries debt valued at $224 million. The before-tax cost of debt is 9 percent and the cost of equity is estimated at 14 percent. The statutory company tax rate is 35 percent. What is the weighted-average cost of capital for the company closest to? O A. 9.34%. O B. 10.52%. 3 points Save Answer O C. 11.63%. O D. 12.05%. A Moving to another question will save this response. Question 2 of…

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Cengage Learning * CengageNOWv2 | Online teachin x * Cengage Learning Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress-false eBook Show Me How Analysis of Receivables Method At the end of the current year, Accounts Receivable has balance of $4,375,000; Allowance for Doubtful Accounts has a debit balance of $21,300; and sale for the year total $102,480,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $205,000. a. Determine the amount of the adjusting entry for uncollectible acfounts. b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c. Determine the net realizable value of accounts receivable. Feedback T Check My Work The analysis of receivables method is based on the assumption that the longer an account receivable is outstanding the less likely that it will be collected. The…

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Current Attempt in Progress The Accounts Receivable account has a beginning balance of $48900 and an ending balance of $69600. If total sales on account were $39500 for the year, what were the total collections on account? $69600 O $79000 O $18800 O $60200 Save for Later Attempts: 0 of 1 used Submit Answer MacBook Air DII DD 000

cory Bookmarks Window Help Fri Apr 30 6:38 PM edugen.wileyplus.com Return to Blackboard IS Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Help | System Announcements CALCULATOR PRINTER VERSION 4 ВАСK NEXT Oriole Supply Co. has the following transactions related to notes receivable during the last 2 months of 2020. The company does not make entries to accrue interest except at December 31. Exercise 9-12 a-b (Part Level Submission) Nov. 1 Loaned $23,500 cash to Manny Lopez on a 12-month, 12% note. Dec. 11 Sold goods to Ralph Kremer, Inc., receiving a $61,200, 90-day, 10% note. 16 Received a $97,200, 180 day, 8% note in exchange for Joe Fernetti's outstanding accounts receivable. 31 Accrued interest revenue on all notes receivable. - (a) Orinla Sunnly Co. (Ignore entries for cost of goods sold.) (Credit account titles are automatically indented when amount is enterec Inrimal nlaces, e.g. 5,275. Record journal entries in the order…

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New tab x Content x Quiz 3-MAT-143, section 03F, Fax + https://www.webassign.net/web/Student/Assignment-Responses/last?dep=34832472 a A ✰ DETAILS MY NOTES ASK YOUR TEACHE A newspaper editor starts a retirement savings plan in which $225 per month is deposited at the beginning of each month into an account that earns an annual interest rate of 6.4% compounded monthly. Find the value of this investment (in dollars) after 20 years. (Round your answer to the nearest cent.) $ DETAILS MY NOTES ASK YOUR TEACHI logo design company purchases four new computers for $12,500. The company finances the cost of the computers for 3 years at an annual interest rate of 5.175% compounded monthly. Find the month ayment (in dollars) for this loan. (Round your answer to the nearest cent. See Example 8 in this section.) Submit Assignment Home My Assignments Request Extension Copyright © 1998-2024 Cengage Learning, Inc. All Rights Reserved | TERMS OF USE PRIVACY 12:03 PM

AutoSave OFF Home Insert Draw Paste Page 47 of 95 Calibri B I U 20 Design V v 16916 words 50 ab X 2 V Layout X Α Α΄ A References Aa ▾ A Αν English (United States) Mailings = Review V V W= Packet Lecture-4 View 12/31 싫 V Accessibility: Investigate Tell me 30,000 V Estimating Uncollectible Accounts An estimate of bad debts is made at the end of the accounting period to match the cost of credit sales (bad debt expense) with the revenue credit sales allowed the company to record during the period. The estimate is incorporated in the company's books through an ADJUSTING ENTRY and the entry increases the allowance for uncollectible accounts and bad debt expense. Saved to my Mac ✓ Percent of Receivables Method (an allowance method) management estimates a percent of ending accounts receivable they expect to be uncollectible the ending balance of the Allowance for Uncollectible Accounts (AUA) is determined based on the estimate (% of uncollectible accounts x ending balance of A/R, "% of A/R").…

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este X * CengageNOww2 | Online teachin x : Cengage Learning genow.com.filrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=8inprogress=false еВook Show Me How Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $969,000 and sales for the year total $10,990,000. a. The allowance account before adjustment has a credit balance of $13,100. Bad debt expense is estimated at 1/4 of 1% of sales. b. The allowance account before adjustment has a credit balance of $13,100. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $41,900. C. The allowance account before adjustment has a debit balance of $4,600. Bad debt expense is estimated at 3/4 of 1% of sales. d. The allowance account before adjustment has a debit balance of $4,600. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $38,200. Determine the amount of the adjusting…

CALCULATOR FULL SCREEN PRINTER VERSION ( BACK NEXT On April 30, the bank reconciliation of Westbrook Company shows three outstanding checks: no, 254, $650; no, 255, $620; and no. 257, $410. The May bank statement and the May cash payments journal show the following. Bank Statement Checks Paid Date Check No. Amount 5/4 254 $650 5/2 257 410 5/17 258 159 5/12 259 275 5/20 261 500 5/29 263 480 5/30 262 750 Cash Payments Journal Checks Issued Date Check No. Amount 5/2 258 $159 5/5 259 275 5/10 260 890 5/15 261 500 5/22 262 750 5/24 263 480 5/29 264 560 Py Policy I 2000-2021 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. Version 4.24.21.1

-et: Mod x * CengageNOWv2 | On x * Cengage Learning B Milestone Two Guidel x G module 5 problem set x om/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=. O eBook Show Me How Journalizing Installment Notes On the first day of the fiscal year, a company issues $52,000, 11%, five-year installment notes that have annual payments of $14,070. The first note payment consists of $5,720 of interest and $8,350 of principal repayment. a. Journalize the entry to record the issuance of the installment notes. If an amount box does not require an entry, leave it blank. b. Journalize the first annual note payment. If an amount box does not require an entry, leave it blank. Previous Next Check My Work. 3:34 P 56°F Mostly cloudy A O E O 40 11/28/2 (田

Chrome File Edit View History Bookmarks Question 3 - Proctoring Enable X Profiles Tab Window Help Exhibit10-2.jpg (1108x1256) x > brewer5ce_exhibit10_1.jpg (68 x + getproctorio.com/secured #lockdown 27% O Proctoring Enabled: Assignment 4 Saved Help Save & Exit Submit $23,500 security deposit at the beginning of the lease period, which would be refunded when the cars were returned to the owner at the end of the lease contract. Wrongway's required rate of return is 18%. 3 01:09:16 Click here to view Exhibit 10-1 and Exhibit 10-2, to determine the appropriate discount factor(s) using tables. 1. Use the total cost approach to determine the present value of the cash flows associated with each alternative. (Negative amounts should be indicated with a minus sign. Round discount factor(s) to 3 decimal places. Round other intermediate calculations and final answers to the nearest whole dollar amounts.) esc eBook Mc Graw Item Year(s) Amount of 18% Cash Flows Present Value of Cash Factor Flows…

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gage Learning * CengageNOWv2 | Online teachin x Cengage Learning ignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Estimating Allowance for Doubtful Accounts Evers Industries has a past history of uncollectible accounts, as follows. Age Class Percent Uncollectible Not past due 1 % 1-30 days past due 31-60 days past due 12 61-90 days past due 30 Over 90 days past due 75 Estimate the allowance for doubtful accounts, based on the aging of receivables information provided in the chart below. Evers Industries Estimate of Allowance for Doubtful Accounts Not Past Days Past Days Past Days Past Days Past Due 1-30 Due 31-60 Due 61-90 Due Over 90 Balance Due Total receivables 1,124,500 607,400 233,000 121,600 96,500 66,000 1% 3% 12% 30% 75% Percentage uncollectible Allowance for doubtful accounts Check My Work All work saved. Email Instructor Save and Exit Su

Fia Tell me what you want to do Online Link Bookmark Cross- Videos reference Media H Links -- Document! - Word Comment CA Comments IN Header Footer Page Number Header & Footer HORA3.14.56 A A Text Quick WordArt Dro Box Parts Cap Text During the fiscal year ended 31 December, Black Crows Ltd carried out the following transactions involving notes payable: Aug. 6 Borrowed $11,200 from The Doors Ltd issuing to them a 45-day, 5% note payable. Sep. 16 Purchased office equipment from Sofa Ltd. The invoice amount was $16,800 and Sofa Ltd agreed to accept as full payment a 5%, 3-month note for the invoice amount. Sep. 20 Paid the note payable due to The Doors Ltd plus accrued interest. Nov. 1 Borrowed $235,000 from Bank of Cyprus at an interest rate of 5% per annum; signed a 90-day note payable. Dec. 1 Purchased merchandise in the amount of $3,000 from Helios Ltd. Gave in settlement a 90-day interest-bearing note at 6%. Dec. 16 The $16,900 note payable to Sofa Ltd matured. The company paid the…

Do part 1 and 2 journal entries

es - live (Every Remaining Time: 53 minutes, 42 seconds. * Question Completion Status: Moving to another question will save this response. < Question 3 c Question 3 1 points Save NetPerks Co. establishes a $440 petty cash fund on January 1. The journal entry to establish the fund on January 1 includes: O A. $440 Debit to petty cash account O B. $440 credit to petty cash account O C. $440 Credit to expense account O D. $440 credit to owner, capital account Question 3 of 5E A Moving to another question will save this response. ENG 28 67°F e here to search

A v2.cengagenow.com da EXCHANGE PASSWORD REQUIRED 12m na... X CengageNOWv2 | Online teaching and learning reso.. https://www.toolingu.com/Ims/contentplayer/?corpo.. Enter your password for "hjmolin" in Internet Accounts. n eBook Warranties Lee Electronics, a franchise of electronics stores located in small towns throughout the United States, sold 850 32-inch televisions for $740 each. The televisions carry an attached 3-year warranty for repairs. Lee Electronics estimates that repair costs will average 3.5% of the total selling price. Required: 1. How much is recorded in the Warranty Liability account as a result of selling the televisions during the year, assuming no warranty service has yet been performed? estimated warranty liability Feedback 2. Provide the necessary adjusting entry at December 31. If an amount box does not require an entry, leave it blank. Dec. 31 Warranty Expense Warranty Liability (Record warranty expense) Feedback Feedback

Help Save & Exit Seved Proctoring Enabled: Exam 2 (Chapters 6,7,8,9) Spring 2...0 Oswego Clay Pipe Company sold $45,400 of pipe to Southeast Water District #45 on April 12 of the current year with terms 3/15, n/60. Oswego uses the 15 gross method of accounting for cash discounts. What entry would Oswego make on April 23, assuming the customer made the correct payment on that date? Multiple Choice 21 Cash 45,400 Sales discounts 1,362 Accounts receivable 45,400 Sales discounts forfeited 1,362 Cash 44,038 Sales discounts 1,362 45,400 Accounts receivable Cash 44,038 Sales 1,362 Accounts receivable 45,400 Cash 45,400 44,038 1,362 Accounts receivable Sales

om te x O Indian X Conten X O My App X Reset F X Cengag x O Mail -E X Indian m/ilm/takeAssignment/takeAssignmentMain.do?invoker=assignments&takeAssignmentSessionLocator=assignment-take&inpro.. Q < * * eBook Show Me How Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $6,800,000 and sales for the year total $81,500,000. a. The allowance account before adjustment has a debit balance of $68,250. Bad debt expense is estimated at % of 1% of sales. b. The allowance account before adjustment has a debit balance of $68,250. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $575,000. c. The allowance account before adjustment has a credit balance of $45,000. Bad debt expense is estimated at % of 1% of sales. d. The allowance account before adjustment has a credit balance of $45,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $450,000.…

Edit View History Bookmarks Profiles Tab Window Help Question 4 - Proctoring Enable X 2 getproctorio.com/secured#lockdown octoring Enabled: Chapter 3 Required Homewor... i W + 4 You are an auditor and you have been asked to review the December 31, 2024, balance sheet for Locust Point Incorporated. After four days of hard work, you have completed the review and you meet with your supervisor to discuss the following 3 items: Determine the appropriate classification of each of these items. Note: If no entry is required for classification, choose "No entry". 1. Investment 2. Installment note 3. Deferred revenue → Items 3 E с 1. An investment of $34,000 is included in current assets. Management has indicated it has no intention of liquidating the investment in 2025. 2. A $140,000 note payable is listed as a long-term liability, but you have determined that the note is due in 10 equal annual installments with the first installment due on March 31, 2025. 3. Deferred revenue of $72,000 is…

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View History Bookmarks Window Help A education.wiley.com IN Netflix A Assignments Week 8 - Sp22 BTEC 142. NWP Assessment Player UI Application - /3 三 Question 7 of 10 View Policies Current Attempt in Progress On October 1, Head and Heart Company's petty cash fund of $150 is replenished. The fund contains cash of $30, and receipts for supplies of $75 and postage of $45. Prepare the journal entry to record the replenishment of the petty cash fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation Attempts: 0 of 1 used Submit Answer Save for Later 4. tv ... 80 00 DII DD F1 F2 F3 F4 FS F6 F7 F8 F9 F10 @ # $ & * 2 3 4 5 6 7 8 9 W E Y P R

Accounting Homework

Fill out the missing boxes for both charts of accounting correctly please

v2.cengagenow.com 021 - Fina.. E CengageNOWv2 | Online teaching and learning reso. Oe EXCHANGE PASSWORD REQUIRED 12m ag O https://www.toolingu.com/Ims/contentplayer/?corpo. Enter your password for "hjmolin" in Internet Accounts. eBook Unearned Sales Revenue Cory's Carpet Cleaning normally charges $99 to clean one room of carpeting. During the holiday season, Cory offers a promotion to clean the customer's carpet 15 times at a discounted rate if the customer pays $720 in advance. Required: 1. Make the journal entry to record the customer's prepayment of $720. If an amount box does not require an entry, leave it blank. Cash Unearned Sales Revenue (Record sale) Feedback 2. Make the journal entry to record Cory's cleaning of the carpet one time. If an amount box does not require an entry, leave it blank. 88 Unearned Sales Revenue Sales Revenue (Record recognition of sales revenue) Feedback Feedback

A v2.cengagenow.com da EXCHANGE PASSWORD REQUIRED 1 FA2021 - Fina... X CengageNOWv2 | Online teaching and learning reso. 11m O https://www.toolingu.com/Ims/contentplayer/?corpo. Enter your password for "hjmolin" in Internet Accounts. еВook Show Me How Note Payable and Accrued Interest Fairborne Company borrowed $600,000 on an 8%, interest-bearing note on October 1, 2023. Fairborne ends its fiscal year on December 31. The note was paid with interest on May 1, 2024. Required: 1. Prepare the entry for this note on October 1, 2023. If an amount box does not require an entry, leave it blank. 2023 Oct. 1 Cash Notes Payable (Record issuance of note) Feedback 2. Prepare the adjusting entry for this note on December 31, 2023. If an amount box does not require an entry, leave it blank. 2023 Dec. 31 Interest Expense Interest Payable (Record accrued interest) Feedback 3. Indicate how the note and the accrued interest would appear in the balance sheet at December 31, 2023. Among the current…