Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Just need these two answered thank you CES Brief Exercise 169 On December 1, Maisins Furniture Corporation borrowed $10,000 on a 90-day, 6% note. Prepare

image text in transcribedimage text in transcribed
  1. Just need these two answered thank you
    image text in transcribedimage text in transcribed
CES Brief Exercise 169 On December 1, Maisins Furniture Corporation borrowed $10,000 on a 90-day, 6% note. Prepare the entries to record the issuance of the note, the accrual of interest at year end, and the payment of the note. (Credit account titles are automatically indented when the amount is e entered. Do not indent manually. If no entry is required, select 3 "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) in Date Account Tilles and Explalmlon Debit Credit Click if you would like to Show Work for this question: gpen Show Work SHOW LIST OF ACCOU \"TS LINK TO TEXT Question Attempts: 0 of 2 used SAVE FDR LATER ' ES Exercise 153 Chetola Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 15% stock dividend on June 1 when the market price per share was $13. The shares were issued on June 30. Prepare the necessary entries for the declaration and payment of the stock dividend. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Accuuni Titles and Explanation Debit Credit June 1 June 30 Click if you would like to Show Work for this question: Qpen Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT Question Attempts: O of 2 used SAVE son LATER

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

16th Edition

1337913103, 9781337913102

More Books

Students also viewed these Accounting questions

Question

Personal role: This consists of service to family and friends.

Answered: 1 week ago