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just need the numbers to make adjusting entries 5 Final Points has not yet accrued interest due on the note payable. Compute accrued interest and
just need the numbers to make adjusting entries
5 Final Points has not yet accrued interest due on the note payable. Compute accrued interest and make the make the necessary adjusting entry on the attached worksheet.. 6 Final Points revalued its Computer and Cell Phone Inventory using the Lower of Cost of Market Method. Final Points sells Computers and Cell Phones- its Inventory consists of the following information Computers: Cost Market (NRV) Value Business 45,000 47,000 Creative 30,000 25,000 75,000 72,000 Cell Phones Orange 25,000 20,000 Knockoff 16,000 22,000 41,000 42,000 Total Inventory 116,000 114,000 Final Points determines its Computer and Cell Phone Inventory's LCM valuation by applying LCM first by product and then by category Final Points will select the lower of the two approaches as its Year End Inventory calculations. Determine the LCM valuation for the Equipment Inventory and make the adjusting entry to Final Points' worksheet attached 7 Final Points Declared a 1% stock Dividend for its common shareholders on 12/31/15 Date of Record for the Dividend is 1/15/16; Payment Date is 3/31/15; Market Value of Final Points' Stock is $8 pershare on 12/31/15. Make the make the necessary entry on the worksheet
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