ia 3 On December 31,2019, Bryant Ltd. performed environmental consulting services for Warren Company was short of cash, and Bryant Ltd. agreed to accept 1,200,000 zero-interest-bearing note due December 31, 2021 as payment in full. Warren Company is somewhat of a credit risk and typically borrows funds at a rate of 10%. (PVIFA n-2i=10% =1.7355, PVIFA n3j=10% =2.4869, PVIF =0.8264 and PVIF najato% =0.7513) n=3j=10% n=2.j=10% Instruction: 3.1 Prepare the journal entry to record the transaction of December 31, 2019, for Bryant Ltd. 3.2 Assuming Bryant Ltd.'s fiscal year-end is December 31, prepare the journal entry for December 31, 2020. ***

ia 3 On December 31,2019, Bryant Ltd. performed environmental consulting services for Warren Company was short of cash, and Bryant Ltd. agreed to accept 1,200,000 zero-interest-bearing note due December 31, 2021 as payment in full. Warren Company is somewhat of a credit risk and typically borrows funds at a rate of 10%. (PVIFA n-2i=10% =1.7355, PVIFA n3j=10% =2.4869, PVIF =0.8264 and PVIF najato% =0.7513) n=3j=10% n=2.j=10% Instruction: 3.1 Prepare the journal entry to record the transaction of December 31, 2019, for Bryant Ltd. 3.2 Assuming Bryant Ltd.'s fiscal year-end is December 31, prepare the journal entry for December 31, 2020. ***

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A Puree Eng 2 Wed-Morning 8. x Meet - apn-vuny-xbz f (2) Facebook f (2) Facebook b Answered: On December 31, X 8 บทความบัญชี + i facebook.com/messenger_media/?thread_id=3171223279583564&attachment_id=226425209162634&message_id=mid.%24gAAtENFUVQUx93sxjNF3rYcYn4pto úo 1 Katoon Imports provided the following information regarding its inventory for the current year, its second year of operations. Transaction Purchases in Units Sale in Units Unit Cost Total Cost Beginning inventory1/1 70,000 $3.50 $ 245,000 February 8 91,000 3.60 327,600 March 15 200,500 3.80 761,900 April 10 124,000 4.10 508,400 Units Sold-April 22 at $12 310,000 Мay 9 162,000 4.35 704,700 June 19 56,000 4.56 255,360 Units Sold-August 11 at $14 231,000 September 20 30,000 4.75 142,500 October 30 82,000 4,85 397,700 November 17 16,000 4.90 78,400 Units Sold-December 21 at $16 43,000 At ending the current year, the company estimated selling price of ending inventory is $1,102,200 and selling expenses is $63,000. Instruction:…
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A Home - myPen X D2L Discussions - S X D2L PPT Notes - Ch x CH 3 EXAMPLE X Mail - Matthew X M Question 8 - E X Connect - Gett x + Q https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fne... A ☆ [] EXAM #3 - PART II (37 PTS - 70 MIN) i Saved Help Save & Exit Submi 00 5 points Cotrone Beverages makes energy drinks in three flavors: Original, Strawberry, and Orange. The company is currently operating at 75 percent of capacity. Worried about the company's performance, the company president is considering dropping the Strawberry flavor. If Strawberry is dropped, the revenue associated with it would be lost and the related variable costs saved. In addition, the company's total fixed costs would be reduced by 15 percent. Segmented income statements appear as follows: Product Sales Variable costs 00:17:23 Contribution margin Fixed costs allocated to each product line Operating profit (loss) Original $33,000 23,100 $ 9,900 4,200 $ 5,700…
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f (1) Facebook * (1) Messenger y Home / Twitter + A messenger.com/messenger_media?thread_id=100002241957998&attachment_id=314510063851030&message_id=mid.%24cAAAAB9NIna-DczgrdV9QfMNXf86N Forward Follow the format below for your journal entries: Debit Cash 1,000 and Credit Sales 1,000 Debit Cash 500 Debit Accounts Receivable 500 and Credit Sales 1,000 Note: use single space On May 1, 2014, Nico Company sold merchandise to Customer Francis and received a P26,400 (face amount), one-year, noninterest-bearing note. The going (i.e. market) rate of interest is 10 percent. The annual reporting period for Nico Company ends on December 31. Customer Francis paid the note in full on its maturity date. What is the journal entry to record April 30, 2015 transaction? 3:58 PM ble 6:10 pm 24°C Mostly sunny A 4») ENG 21/11/2021 立