Q-1Uniform Supply accepted a $8,400, 90-day, 8% note from Tracy Janitorial on October 17. What entry should Uniform Supply make on January 15 of the next year when the note is paid? Assume that December 31 is fiscal year end.(Use 360 days a year.)

Q-2 Granite Company purchased a machine costing $128,000, terms 3/10, n/30. The machine was shipped FOB shipping point and freight charges were $2,800. The machine requires special mounting and wiring connections costing $10,800. When installing the machine, $2,300 in damages occurred. Compute the cost recorded for this machine assuming Granite paid within the discount period.

Q-3. Riverboat Adventures pays $460,000 plus $9,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $81,600, a building appraised at $172,800, and paddleboats appraised at $225,600. Compute the cost that should be allocated to the building.

Q-4.On April 12, Hong Company agrees to accept a 60-day, 8%, $4,800 note from Indigo Company to extend the due date on an overdue account. What is the journal entry needed to record the payment of the note by Indigo Company on the maturity date?(Use 360 days a year.)

Q-5. On January 1, a company issues bonds dated January 1 with a par value of $500,000. The bonds mature in 5 years. The contract rate is 11%, and interest is paid semiannually on June 30 and December 31. The market rate is 12% and the bonds are sold for $481,603. The journal entry to record the issuance of the bond is:

Q-6. On September 1, Ziegler Corporation had 51,000 shares of $5 par value common stock, and $153,000 of retained earnings. On that date, when the market price of the stock is $15 per share, the corporation issues a 2-for-1 stock split. The general journal entry to record this transaction is: