underlying assets to dete Mr Values

$307,500 Paper and equipment, net 27,000 183,000

Receivable 52,500 29544416fd2 37,500 (82,500)

far vale of net assets $525,000

Company decides to accept MN Corporation's offer of S600.

A company purchased 200 units @ $10 per unit on January 1st and 400 units @ $15 on January 4th 2010. Company sold 500 units on January 12th, 2010. On January

2010, the cost of goods sold using FIFO method will be:

PCT Company issues $175,000 in bonds dated January 1, 2014, due in five years with 8 percent interest payable annually on January At the time of issue, the market rate for such bonds is 8 percent. You are guired s propare a Journal entry on date of issue b journal entry to record accrued interest c journal entry to record first payment of interest.