Dextra Computing sells merchandise for $9,000 cash on September 30 (cost of merchandise is $7.200). The sales tax law requires Dextra to collect 7% sales tax on every dollar of merchandise sold. Record the entry for the S9 000 sale and ts app cable sales ta. Also record the entry that shows the payment of the 7% tax on this sale to the state government on October 15. chapter 10:Accounting |https:/ewconnect.nhedu /connect.html Check my work mode : This shows what is correct or incorrect for the work you have ce Qs 10-11 Computing payments for an Installment note LO C1 On January 1, 2017. MMCo. bomo s 30,000 cash from bank and in return signs an 4% st limen note for f e n ual payments of $69,634 each, with the first payment due one year after the note ia signed. Table B.3 (Use PV factors from table provided) 1. Prepare the journal entry to record issuance of the note. Answer is not complete. 310,000 Notes payable 2. For the first $69.634 annual payment a: December 31, 2017, whst amount goes toward incerest expense? What amount goes soward principal reduction of the note? Principal reduction Ned ere to search 11A A Pe AAignment Number Conditional Famat as Cel Cells Editing Paste Table Styles Formatting Font 614 2 ce Value: 3 umber of Years: 4 ated Interest Rate: s terest payments per year 6 lote: the bonds pay interest semi-annually.) 8 quired 9 |Given the different market interest rates below, calculate the following items. 10 culate the bond selling price USING THE EXCEL PV FUNCTION (tx). Note: Enter all 11 nction arguments as cell references 12 13 Market interest Rate: 14 Semiannual interest Payment 5 Bond Selling Price: 16 17 Market Interest Rate: 1 Semiannual Interest Payment 19 Bond Selling Price: 20 21 Use the Excel IF function to answer either "Premium" or "Discount" to the following items 5.5% 23 e bond in (a) sold at a: 24 ebond in (bj sold at a: Sheeti Type here to search Chapter 11: Corporate X https://mwonnectnt rporate Reporting and Analysis Cash dividends, stock dividends, and stock splits 1 Analyze the effects of alternative distributions on stockholders' equity Cash dividends, stock dividends, and stock spits-Exce Sign in HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VEW Cels fitig Blu. B- 5-Algnment Numbe Condtional Format as-Cel Paste, Table- Styles. Formatting- At December 31, Artists Unlimited Company had the following A1 1 At December 31, Artists Unlimited Company had the following 2 stockholder's equity components that would be part of the new 100% Stock for 1 Stock At Dec 31 5 Stockholders' Equity 6 Contributed Capital: 5,000 1.00 of common shares outstanding Par value per common share 9Common Stock, at par 0 Additional Paid in Capital 745.000 Total Contributed Capital
