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In question 5-5 I am having problems with the journal entries for the common stock (Starts end of line 6 through middle of line 8)
In question 5-5 I am having problems with the journal entries for the common stock (Starts end of line 6 through middle of line 8) and with the exchange for the billboard sign. So my question is do I put these in different entries for my journal entry? if so how do I write that?
95 #5 llornework Problem 5-1 in the bank today and the bank pays interest of 6% compounded annually, how much will I have 3 years from todaY? lf I deposit $500 Problem 5-2 lf I deposited $2,000 in the bank today at 5%, how much would I have 8 years from today? Problems 5-3 It tr4-ary Oeposits $200 in an account that pays interest annually at 12%, how much will she have in 2 years? Problem 5"f i? feposits $200 in an account all?o/o lhat pays interest semi-annually, how much will she 11i-ry have in 2 years? 3,20',128 (See website for beginning balances) the third year she paid the money she owed for last year's merchandise and received the m-oney due her from last year's salei. Also, during the third year she bought 15 Beamers and sold iour. The Beamers cost her $46,000 each and she sold them for $66,000 apiece' Terms for purchasing and selling the Beamers remain the same. She paid rent of $17'000' year which represented tlie current year's rent plus the rent she owed at the end of the prior She issued of ftus Janirary 2019's rent. She'paid cash wages of $30,000 and utilities $3,000' billboard sign .100 for $'10,000 in exchange Ior a new shires of common stock on September 1't took out a which she expects to last 't 0 years and then be worth $'t ,000. On October 1"' she Phil. She paid three-year insurance policy f6r $12,000. She paid her annual interest to Uncle of ZOll . At the end of the year she owed wages of $3,000 and the taies she owed tf'" so "nO "i taxes for 2018 (tax rate remains 3o%). At December 31 , she paid a dividend of $12'000' and Financial how did she do the third year? (Prepare Journal Entries, T'Accounts, rProblem 5.5 Beamer Biz Year 0ffiS Statements) Problem 5-G save Janilwiff for three years. The bank pays interest at 10% compounded semi-annually' How much will she have in three years if she deposits $1,000 today? Problem 5-7 For Jane (5S), what if the bank paid interest annually? Problem 5-8 ii6ffiffiift you have in three years if you put $'100 in the bank today and the bank pays A) 8% comPounded annuallY? B) 16% comPounded quarterlY? Cl 12Yo compounded semi-annually? l Dl 24Yo comPounded quarterlY? Problem 5-9 i6ffiA; I need to deposit in the bank tod ay atSo/o compounded quarterly so that I will have $100,000 one Year from todaYStep by Step Solution
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