The trial balance of Santos Corporation shows a balance in payroll of $624,000 The last pay was December 27, 2019 and all employees were paid up to December 20th on this date Employees are not paid for weekends but work 5 days a week Monday through Friday There are 6 plant employees who work 8 hours per day and are paid $25 per hour No journal entry has been made to accrue any wages for these employees at the December 31 reporting date Prepare the adjusting entry Lindsey Corporation issued 10 year bonds with a coupon rate of 3 paid semi annually and a face value of $500,000 The market interest rate is 5 Calculate the present value of the bonds using PV tables assuming payments are made at the end of the period (round answer to the nearest dollar) Calculate the present value of the bonds using PV tables assuming payments are made at the beginning of the period (round answer to the nearest dollar) Helvetica Corporation is interested in leasing a piece of machinery that has a fair value of $150,000 The market rate for financing is 8 and Helvetica plans to lease the machinery for the next five years Calculate the quarterly lease payments a)$ 9,174 b) $15,278 c) $31,824 d) $37,569 Raleigh Inc is considering leasing a piece of equipment with a fair value of $177,000 for four years The current market interest rate for financing the equipment is 6 compounded semi annually Calculate the semi annual lease payment assuming that the payment is made at the beginning of the period (round to the nearest dollar)

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The trial balance of Santos Corporation shows a balance in payroll of $624,000. The last pay was December 27, 2019 and all employees were paid

The trial balance of Santos Corporation shows a balance in payroll of $624,000. The last pay was December 27, 2019 and all employees were paid up to December 20th on this date. Employees are not paid for weekends but work 5 days a week Monday through Friday. There are 6 plant employees who work 8 hours per day and are paid $25 per hour. No journal entry has been made to accrue any wages for these employees at the December 31 reporting date. Prepare the adjusting entry.
Lindsey Corporation issued 10-year bonds with a coupon rate of 3% paid semi-annually and a face value of $500,000. The market interest rate is 5%.

Calculate the present value of the bonds using PV tables assuming payments are made at the end of the period (round answer to the nearest dollar). Calculate the present value of the bonds using PV tables assuming payments are made at the beginning of the period (round answer to the nearest dollar).
Helvetica Corporation is interested in leasing a piece of machinery that has a fair value of $150,000. The market rate for financing is 8% and Helvetica plans to lease the machinery for the next five years. Calculate the quarterly lease payments.

a)$ 9,174

b) $15,278

c) $31,824

d) $37,569
Raleigh Inc. is considering leasing a piece of equipment with a fair value of $177,000 for four years. The current market interest rate for financing the equipment is 6% compounded semi-annually. Calculate the semi-annual lease payment assuming that the payment is made at the beginning of the period (round to the nearest dollar).