write the appropriate journal entries in the book of eagle pty ltd for following

Q: (Entries for Equipment Acquisitions) Jane Geddes Engineering Corporation purchased conveyor…

A: Exchange of Used asset and commercial substance: Sometimes an asset can be acquired in exchange of…

Q: Required information [The following information applies to the questions displayed below.] On August…

A: Accumulated depreciation is the total amount of depreciation expense allocated to a particular…

Q: Kessel Company purchased a building and land with a fair market value of $475,000 (building,…

A: Journal: Recording of a business transactions in a chronological order.

Q: On June 30, Collins Management Company purchased land for $720,000 and a building for $1,080,000,…

A: The journal entries are prepared to keep the record of day to day transactions of the business.

Q: Big Cup Berhad engages in the manufacturing business. The financial year end is 30 April annually.…

A: Here discuss about the details of the applicability of MFRS 9 in the expected credit losses (ECL)…

Q: Fast Company engaged into the following transactions.   January 01, The Company traded in its old…

A: When a company sells its fixed assets, then the business might earn a profit, incur a loss, or…

Q: red mineral nghs tor $2050.000 The mineral deposit Backwoods General Ledger unt of depletion expense…

A: Depletion expense per ton. Mining rights acquired / mineral deposit estimated  $28050,000/…

Q: Prepare the necessary adjusting entries for the following independent transactions: 1. BIA…

A: Journal entry - It refers to the process where the business transactions are recorded in the books…

Q: Garcia Co. owns equipment that cost $76,800, with accumulated depreciation of $40,800. Record the…

A: Cost of Equipment = $76800 Accumulated Depreciation = $40800 Book Value of Equipment = $76800 -…

Q: Gunkelson Company sells equipment on September 30, 2019, for $18,000 cash. The equipment originally…

A: Depreciation: Depreciation is a charge for wear and tear on asset for its use. A depreciation is a…

Q: Garcia Co. owns equipment that cost $77,200, with accumulated depreciation of $41,000. Garcia sells…

A: Journal entry refers to the recording made by the business in the books of accounts, of all the…

Q: You discovered the following errors in connection with your examination of the financial statements…

A: Non-Counterbalancing errors are those errors that do not get adjusted with the next year's figures…

Q: Equipment with an estimated market value of $29,889 is offered for sale at $48,377. The equipment is…

A: As per IAS 16, Property plant and Equipment  Cost of equipment will be its purchase  price which can…

Q: Record the following transactions using journal entries. Label credit and debit and type of account…

A: S. no. PARTICULAR DEBIT CREDIT         12 random corp 10       to interest payable   10…

Q: - Sundry Expenses Ghc250 (d) Allowance for receivables to be increased to Ghc2,800 (e) Part of the…

A: Part a:

Q: On January 1, Year 1, a company purchased land costing $800,000. Instead of paying cash at the time…

A: Journal entries means the book of prime entry including debit and credit item.

Q: PLEASE SHOW SOLUTION IN GOOD ACCOUNTING FORM.     5. Crest Corporation established its Poblacion…

A: Answer P327,680

Q: nt receivable is uncollectable after preparing an Aging of their A/Rec They determine this to be a…

A: 2-a) b) Net realizable value after (a)  Accounts receivable =$500000 (less) Allowance for doubtful…

Q: he following balances appeared in the records of a company on 28 February 2012, the end of the…

A:

Q: (fair market value of P80,000) under the following conditions: The post-closing trial balance of…

A: Partnership is an agreement in which two or more than two persons invest their capitals, run…

Q: HE Ltd is a company incorporated in SG and prepares its financial accounts based on the Singapore…

A: Original Carrying amount that would have been there as at 1st Jan 20X4 if no revaluation has been…

Q: The startup uses straight line when depreciating long-term assets and a perpetual inventory system.…

A: 1. 500 shares issued at $50000 and par value per share = 0.1 Face value of shares = number of shares…

Q: Bulldozer Inc -(ALL ENTRIES FOR Bulldozer ONLY) KEY for Accounting Component Assets = A Liabilities…

A: Hey, since there are multiple requirements posted, we will answer first three requirements. If you…

Q: How do I do the balance sheet, income statement, and what are the closing entries for the following…

A: Value of Common stock=Number of Share×Par value=500×$0.10=$50

Q: Accounting Sleepy Ltd negotiated a purchase of land, building and equipment from Bambi Corp. The…

A: Depreciation: It is  the method  that is utilized  to distribute  the cost of a tangible or physical…

Q: Equipment with an estimated market value of $29,467 is offered for sale at $47,671. The equipment is…

A: Equipment: It consists of the things including machines or tools that are used for a specific…

Q: 10. STU Company provided the following information for the current year: Purchased a building for…

A: Investing activities include purchase and sale of investments and fixed assets.

Q: Jan. 1 Tom, Lisa, Katie and Tim each contributed 250,000 in exchange for Common Stock of the TLKT…

A: The accounts in which the transactions chronicled in the journal are posted are known as ledger…

Q: An asset's book value is $36,000 on January 1, Year 6. The asset is being depreciated $500 per month…

A: Book Value = $36,000 Selling Price =$25,000 Time Period = 18 Months (Between Jan 1, Year 6 to July…

Q: (A) The Martha Corporation had equipment with a cost of $60,000 and book value of $35,000 that she…

A: ANSWER   consider the two situation independently is

Q: 2. Lepat Trading prepared its account on 30 June every year. On 30 June 2019, the statement of…

A: Given information, Depreciation on machinery- 10% using straight line method. Therefore,…

Q: D. Current Liability Entries and Adjustment Described below are certain transactions of Zeus Kangaji…

A: SOLUTION- ADJUSTING JOURNAL ENTRIES IS AN ENTRY IN A COMPANY'S LEDGER THAT OCCUR AT THE END OF AN…

Q: M&M Sole Trading Firm Trial balance for the year ending 31 Dec 2021 Dr Cr OMR OMR Sales Revenue 6430…

A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…

Q: Life Services Sdn Bhd owned two machine at 1 January 2015: Machine A: purchased on 1 August 2013 for…

A: Machine A Purchased on 1.8.2013 for RM 60,000 Machine B Purchased on 1.9.2014 for RM 80,000…

Q: 4. The company discounted € 10,000 bills, collecting € 9,500, which were deposited in the company's…

A: As per our protocol we provide solution to the first three sub-parts only but as you have asked the…

Q: Real Şdn Bhd did not keep his books of accounts under double entry system. Depreciation on…

A: The question is related to Ledger of Purchase, Bank and Depreciation Account for the year ended…

Q: Accrued Expenses: Entity D acquired a piece of land on April 1, 20x1. The purchase price was reduced…

A: Journal entry is the practice of recording commercial transactions for the first time in the books…

Q: Jan. 1 Tom, Lisa, Katie and Tim each contributed 250,000 in exchange for Common Stock of the TLKT…

A: Assumed that all the payments made are from bank account and all the payments received are received…

Q: Use the trial balance presented for Lynch, Inc., in problem (51). Assume that the company will be…

A: a.

Q: Novak Company sells equipment on September 30, 2020, for $19,100 cash. The equipment originally cost…

A: Definition: Depreciation: Depreciation is a method of reducing the capitalized cost of long-lived…

Q: Recording Revenue Under Different Repurchase Agreements On January 1, 2020, Miller Inc. sells…

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

Q: Ngata Ltd. insured under a loss of profits policy of Sh.16,000,000. The company’s premises were…

A: a) We have to first Calculate loss of profit for insurance claim.   1. Rate of gross profit=(Net…

Q: 10. STU Company provided the following information for the current year: • Purchased a building for…

A: >Statement of Cash flows is one of the financial statements, and is prepared for a particular…

Q: Garcia Company owns equipment that cost $79,600, with accumulated depreciation of $42,200. Record…

A: Formulas: Gain (loss) on sale of Equipment = Sales value of the Equipment - Net book value of the…