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please I dont know the aswers and need help, seriously suck.. Question 3 Moving to another question will save this response. Question 3 3 points
please I dont know the aswers and need help, seriously suck..
Question 3 Moving to another question will save this response. Question 3 3 points On November 1, Alan Company signed a 120-day, 12 note payable, with a face value of $24,300. What is the adjusting entry for the accrued interest at December 31 on the note? Debit interest Payable, 5972; credit laterest Expense, 5972 Debit interest Expense, 5486, credit interest Payable $496 Debit interest Expense, $648, credit interest Payable. 5648 Debit interest Payable, $324 credit interest Expense, $324 No adjusting entry is required > A Moving to another question will save this response. Question 3 Question 2 of 27 Moving to another question will save this response. Question 2 4 points Save Anne Carrington Corporation has acquired a property that included both land and a building for $509,828. The corporation hired an appraiser who has determined that the market value of the land is $338,382 and the market value of the building is $439 236. At what amount should the corporation record the cost of the building? Make sure to round your answer to nearest whole dollar and input just the answer. For example, if the answer is 13.768 enter 1376 > Moving to another question will save this response Question 2 of 27 > uestion 1 In Dawson Corporation's first year of business, the following transactions affected its equity accounts. Issued 4,200 shares of $2 par value common stock for $20. It authorized 20,000 shares Issued 1,050 shares of 12%, $10 par value preferred stock for $25. It authorized 3,000 shares Reacquired 210 shares of common stock for $32 each. Retained earnings is impacted by reported net income of $52,000 and cash dividends of $16,000. Prepare the stockholders' equity section of Dawson's balance sheet as of December 31. Moving to another question will save this response. Question 4 A company's accountant capitalized a payment that should have been recorded as a revenue expenditure. How will this error affect the company's financial statements? Liabilities will be overstated Assets will be overstated Net income will be understated Expenses will be overstated Moving to another question will save this response. Question 7 of 27 westion 7 3 points any of the foowing Spring Company ofers a bonus puntos employees and the amount of the employee bonuses for the current year is estimated to be $952 000 to be paid during year. The journal entry on December 31 to record the bonuses is Delet e d Bonuses 5962,000 credit Bonus Payable 5963,000 No estry since the house we net patil January Debestmed Brew Pyle 562.000, Credit Cash 563.000 Debat Employee Bem Espe562.000 credit B . Pete5963.000 Debt Employee Bom Espese 5962,000 credit Prepaid Employee Bonus 5963,000 Moving to another question will save this response Question 7 of 27 Question Completion Status Moving to another question will save this response. Questions of 27 Question 5 4 points years Calculate depreciation for year Sewens in the An asset is purchased January 1, 2020. The cost of an asset is 51,721,065, and its residual value is $93343 The estimated useful life of the set is straight-line method of depreciation Make sure to round your answer to nearest whole dolar and input just the answer for sample of the answer is 13.768 enter 13768 A Moving to another question will save this response. Question 15 Using the information below determine if the bonds are sold at a premium, discount, or at face value. A Face Value B Discount C Premium Stated Rate of Interest Market Rate of Interest 1 8 % 7% 26% A8% 3 9 % 9% Enter either A, B, or for items 1, 2, and 3 above. Moving to another question will save this response. Moving to another question will save this response. Question 9 of 27 question 9 3 points save me est is paid seminally on use 30 and December 31. The market rate is 19 On January 1, ceny issues bonds dated Juary 1 with a par value of 5550.000 The boods mature is 5 years The contract rate is 6 and t and the bonds are sold for 5527.119. The journal entry to record the second o n the effective method of amortization Debit Interest Payable 516,500.00, credit Cash $16.50000 Debut Interest Expense 518 449.16; credit Duscount on Bonds Payable 51.910.16, credit Cash $16.500.00 Debet Interest Expense 515,517.38, credit Deco Bonds Payable $2.017.3 credit Cash $16.500.00 Debut lotere pene 514,550 $4, debat Discount on Bondi Pwyle 51,940. 16. credit Cards 536,500.00 Debit Expense 514,550 14de remm Bed Payable 51.909 16, credit Cash $16.500.00 > Moving to another question will save this response. Question of 27 Moving to another question will save this response. Question 6 Barron, Inc. sold goods for $1,019,450 on account. The company operates in a state that imposes a 10% sales tax. What is the amount of the sales tax payable to the state? Make sure to round your answer to nearest whole dollar and input just the answer. For example, if the answer is 13.768 enter 13768 Moving to another question will save this response Question of 27 Question & 3 points A company issued 11% 5-year bonds with a par value of $150.000 The market rate when the bonds were issued was 12%. The company received $144 481 cash for the bonds Using the effective interest method the amount of interest expense for the first semiannual interest period is $8,666.86 $9,000 00 $17,337.72 58 25000 $16.500.00 Moving to another question will save this response. Question 14 My Accounting Students Rock, Inc had the following transactions in 2018, its first year of operations Issued 31,000 shares of $1 par common stock at $26 per share, Earned net income of $124,344 Paid dividends of $10,871 At the end of 2018, what is total stockholders' equity? Make sure to round your answer to nearest whole dollar and input just the answer. For example, if the answer is 13.768 enter 13768 > Moving to another question will save this response. Question 14 My Accounting Students Rock, Inc. had the following transactions in 2018, its first year of operations Issued 31,000 shares of $1 par common stock at $26 per share. Earned net income of $124,344 Paid dividends of $10,871 At the end of 2018, what is total stockholders' equity? Make sure to round your answer to nearest whole dollar and input just the answer. For example, if the answer is 13.768 enter 13768 Question Completion Status: -> Moving to another question will save this response. Question 19 Thankful Company signed a 8%, 10 yem note for $133,562 The company paid an installment of $3,784 for the first month What portion of the first monthly payment is principal Make sure to round your answer to nearest whole dollar and input just the answer. For example, if the answer is 13.768 enter 13768 Remaining Time: 1 hour, 57 minutes, 38 seconds. Question Completion Status: - Moving to another question will save this response Question 10 of 27 Question 10 3 points Seven A company issued 60% 5 year bonds with a par value of $300,000. The market rate when the bonds were issued was 70%. The company received 5287 52509 cash for the bonds Using the effective interest method, the amount of interest expense for the second semiannual interest period is $18.00000 $20.16398 $10,100 60 $9,000.00 $10,063 38 Question 24 Harris, Inc. plans to develop a shopping center. In the first quarter the following amounts were spent Acquisition of Land 559,503 Survey and legal foes 51,126 Land dearing 53,371 Fencing 59,470 Instal lighting and signage 54.913 What amount should be recorded as the cost of the land in the corporation's books? Make sure to round your answer to nearest whole dollar and input just the answer. For example, if the answer is 13.768 enter 13768 en Completion Status Moving to another question will save this response. Question 12 of 2 Question 12 16 points Haris Enterprises purchased a used machine for $268.000 cash on January 2 The machine will be used for six years and have a $34.560 salvage value. Straight-line depreciation is used On December 31, at the end of its the year in operations, it is disposed of Prepare journal entries to record me machines disposar under each separate situation: (a) it is sold for $21.500 cash() it is sold for $86,000 cash TTTA 112 T. ... . 25 > Moving to another question will save this response Question 20 of 27 estion 20 3 points Save As On January 1, a company issues bonds dated January 1 with a par value of $320.000. The bonds mature in 5 years. The contract rate is 7% and interest is paid semiannualy on June 30 and December 31 The market rate is 6% and the bonds are sold for $333.650. The journal entry to record the first interest payment using the effective interest method of amortization is (Rounded to the nearest dollar) Debit Bend Interest Expense 12,565.00 Credit Premium on Bonds Payable 51.365.00, credit Cash $11.200.00 Debit Bond Interest Expense $10,010, debit Premium on Boods Payable 51.190, credit Cash $11.200 Debit Interest Payable 511.200.00, credit Cash $11.200.00 Debit Bond Interest Expense 59,835.00, debit Premiram on Bonda Payable $1,365.00, credit Cash $11,200.00 Debit Dond laterest Expense 510,010.00, debit Discount on Bonds Payable 51,19000, Credit Card $11.200.00 Click Submit to complete this assessment Question 27 3 points A company's board of directors votes to declare a cash dividend of 51 60 per share of common stock. The company has 32,000 shares authorized, 27.000 issued, and 26 500 shares outstanding the total amount of the cash dividend is $85.600 $43.200 $50.200 $51.200 542.400 Click Submit to complete this assessment Question Remaining Time: 1 hour. 55 minutes. 32 seconds. Question Completion Status Moving to another question will save this response. Question 23 of 27 wed Question 23 4 points Eqpment was purchased for $113,120 on January 1, 2018 The equipments estimated useful life was five years, and its residual value was 510409 The tagline method of depreciation Calculate the pain or loss on sale of the equipment is sold for $68,881 on December 31, 2019, the end of the accounting period Make sure to round each calculation to the newest doll Only input numbers (no dollars of comm.) If you calculate a los indicated in front of your newer For example, if I had a low of 12500, I would enter - 12500. If you have a gain, vimply enter the number without the negative sin Moving to another question will save this response Question 23 of 27 Remaining Time: 1 hour, 55 minutes, 11 seconds. Question Completion Status: Moving to another question will save this response Question 26 of 22 Question 26 Aints Katie earns $29 per hour with time-and-a-half for hours in excess of 40 per week. She worked her normal 40 plus another 17 hours at her job during the first week of March 2020 Katie pays income taxes at 15% and 7 65% for OASDI and Medicare. All of her income is taxable under FICA Determine Katie's net pay for the week Make sure to round your answer to nearest whole dollar and input just the answer. For example, if the answer is 13.768 enter 13768 Moving to another question will save this response Question 21 of 27 stion 21 3 points Ultimate Sportswear has $250 000 of 8 noncumulative nonparticipating preferred stock outstanding Ultimate Sportswear abo has $650 000 of common stock outstanding in the company's first year of operation no dividends were paid During the second year, the company paid cash dividends of $45.000. This dividend should be distributed as follows: $24.000 preferred: $21,000 common $20,000 preferred: $25,000 common $22.500 preferred: 522.500 common $11,250 preferred $33.750 common 50 preferred. $45,000 common Remaining Time: 1 hour, 55 minutes, 17 seconds. Question Completion Status: -> Moving to another question will save this response Question 25 of Question 25 4 points Trampoline, Inc. has 9,106 shares of preferred stock outstanding. The preferred stock has a $121 par value, a 11% dividend rate, and is noncumulative. If Trampoline has sufficient funds to pay dividends, what is the total amount of dividends that will be paid out to preferred stockholders? Make sure to round your answer to nearest whole dollar and input just the answer. For example if the answer is 13.768 enter 13768 Remaining Time: 1 hour, 56 minutes, 45 seconds. Question Completion Status: Moving to another question will save this response Question 10 Question 16 4 points Holiday Happiness Corporation med 10%, 10 year note for $133,065. The company paid an installment of $1.922 for the first month After the first payment, what is the principal balance Make sure to round your answer to nearest whole dollar and input just the answer. For example, if the answer is 13.763 enter 13760 Question Completion Status Question 18 of 2 Moving to another question will save this response. Question 18 4 points was five years, and its estimated residual value was $67.316. Tmacies Accounting Students, loc purchased a piece of eqwent on July 1, 2018, for 5879,364. The estimated life of the equip Tenacious Accounting Students, Inc uses the straight-ne method of depreciation Calculate the book value of the equipment at 1231/19 Enter your answer by rounding to the newest whole dollar and do not use comma. For example if you calculate $12,500. Enter 12500 Step by Step Solution
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