Question 13 Not yet answered Marked out of 1 P Flag question the statement of financial position for 2020 were as following:Cash $12000, A/R $10000, Prepaid Insurence for 6 months $8000, Land $20,000, Equipment $10000, A/P $5000, Unearned Revenue $6000, N/P for 3 months $4000, Bonds payable for 5 years $12000, N/P for two years $3000, Share Capital $22000, Retained Earnnings $8000, what is the total Equity O. $15000 Ob. $11000. Oc. $30000. Od $12000 Question 14 Not yet answered arked out of 1 lag question X Company sold merchandise to customer by 520500 term 2/10, net 30the cost of goods sold (CGS) is $15000, after3 days they granted customer $500 for sales returns has a cost 5300, what is the entry of cash collection from A/R using perpetual system if cash was received during discount period (10 days)
Question 13 Not yet answered Marked out of 1 P Flag question the statement of financial position for 2020 were as following:Cash $12000, A/R $10000, Prepaid Insurence for 6 months $8000, Land $20,000, Equipment $10000, A/P $5000, Unearned Revenue $6000, N/P for 3 months $4000, Bonds payable for 5 years $12000, N/P for two years $3000, Share Capital $22000, Retained Earnnings $8000, what is the total Equity O. $15000 Ob. $11000. Oc. $30000. Od $12000 Question 14 Not yet answered arked out of 1 lag question X Company sold merchandise to customer by 520500 term 2/10, net 30the cost of goods sold (CGS) is $15000, after3 days they granted customer $500 for sales returns has a cost 5300, what is the entry of cash collection from A/R using perpetual system if cash was received during discount period (10 days)
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable
Section: Chapter Questions
Problem 12MC: (Appendix 14.1)Pamlico Company has a 500,000, 15%, 3-year note dated January 1, 2019, payable to...
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