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2 years ago

E first phase of the writing process involves writing a rough draft of your message.

1 answer:

6 0

This stament is true in my opinion because in order to make a story you have to go by the steps so like you have to write a rough draft

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The following information pertains to Crane Video Company:

Mashutka [201]

Answer:

Prepare Bank Reconciliation Statement

Balance at Bank as per Cash Book - Up to date $7,972

Less Lodgements not yet credited : ($1,300)

Add Unpresented Cheques $591

Balance as per Bank Statement $7,263

Adjusting Entries

Bank service charge $28 (debit)

Cash $28 (credit)

Cash $700 (debit)

Note - Receivable Crane $700 (credit)

Cash $36 (debit)

Interest Income $36 (credit)

Service Fee $20 (debit)

Cash $20 (credit)

Explanation:

First Update the Cash Book as follows:

<u>Debit :</u>

Cash balance $7,284

Crane $700

Interest $36

Totals $8,020

<u>Credit:</u>

Bank service charge $28

Crane : fee $20

Balance - Up to date $7,972

Totals $8,020

Then, Prepare Bank Reconciliation Statement

Balance at Bank as per Cash Book - Up to date $7,972

Less Lodgements not yet credited : ($1,300)

Add Unpresented Cheques $591

Balance as per Bank Statement $7,263

Adjusting Entries

Bank service charge $28 (debit)

Cash $28 (credit)

Cash $700 (debit)

Note - Receivable Crane $700 (credit)

Cash $36 (debit)

Interest Income $36 (credit)

Service Fee $20 (debit)

Cash $20 (credit)

7 0

2 years ago

During the months of January and February, Axe Corporation purchased goods from three suppliers. The sequence of events was as f

malfutka [58]

Answer:

Explanation:

journal entries in the books of AXE

jan 6 purchased goods from Green worth $1200 term 2/10 , n/30

Inventory a/c $1200

Accounts Payable - green $1200

jan 6 purchased goods from munoz worth $900

inventory a/c$900

Accounts Payable - munoz $900

jan 14 Payment being made to green. Since payment is made within 8 days so discount will be recieved by Axe( note term 2/10 means if payment is made within 10 days axe will recieve discount @2%)

Accounts payable - green $1200

Cash $1,176

discount recieved $ 24

( being discount recieved [email protected]% = $24)

Feb 2 payment made to munoz , since it is paid after 10 days no discount will be recieved

Accounts payable- munoz $900

Cash $900

feb 28 purchased goods worth $350 from reynold

Inventory $350

Accounts payable - reynold $350

5 0

3 years ago

The tasman company purchased land for $150,000. the cost to demolish the existing building and prepare the land for a new buildi

bagirrra123 [75]

You just add it all together $150,000+ $20,000+ $9,000= your answer
Hope this helped! ;D

8 0

3 years ago

An organization owned by stockholders that accepts deposits, processes payments, and

Oxana [17]

Answer:

A Bank

Explanation:

8 0

2 years ago

Scenario: you work for an investment banking firm and have been asked by management of vestor corporation (not real), a software

Bas_tet [7]

Total capital = 10 + 8 + 2 = 20 Million

Weight of bonds (Wd) = 10/20 = 0.5

Weight of preferred stock(Wp) = 2/20 = 0.1

Weight of stock equity(We) = 8/20 = 0.4

Cost of debt = YTM of the bonds issued (We assume its annual coupon)

YTM =rate(nper,pmt,pv,fv) in excel =rate(20,60,-950,1000) = 6.4521%

Cost of debt after tax(Rd) = 6.4521*(1-0.34) = 4.2584%

Cost of preferred shares (Rp) = Preferred dividend/ price = 2.5/25 = 0.10 =10%

Cost of equity (Re) = Rf + beta*(Rm-Rf) = 3.5 + 1.2*(13-3.5) =14.9%

WACC = Wd*Rd + Wp*Rp + We& Re

WACC = 0.5*4.2584% +0.1*10% + 0.4*14.9% = 9.089 = 9.09%

3 0

2 years ago