Answer:
Cash Dr 10975
To Sales $10,000
To Sales Tax Payable $975 ($10,000 × 9.75%)
(Being the cash is recorded)
Explanation:
The journal entry is shown below;
Cash Dr 10975
To Sales $10,000
To Sales Tax Payable $975 ($10,000 × 9.75%)
(Being the cash is recorded)
For recording this we debited the cash as it increased the assets and credited the sales and sales tax payable as it also increased the revenue and liabilities
Answer:
Results are below.
Explanation:
Giving the following information:
Cupon rate= 0.0544/2= 0.0272
YTM= 0.0491/2= 0.02455
The par value is $1,000
<u>We weren't provided with the number of years of the bond. I imagine for 9 years.</u>
<u>To calculate the bond price, we need to use the following formula:</u>
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 27.2*{[1 - (1.02455^-18)] /0.02455} + [1,000*(1.02455^18)]
Bond Price= 391.93 + 646.25
Bond Price= $1,038.18
Answer:
Place, where the consumer/customer can go when making a purchase on a product.
Explanation:
Good luck, I majored in Business Management
Answer:
Follows are the solution to this question:
Explanation:
In point A:
The estimated amount of uncollectible allowance =
In point B Journal
Titles and descriptions of accounts Debit Credit Calculation
Expenditure on bad debts 
Doubted debt allowance 
(Bad Debts Expense recorded)
In point C Journal
Titles and descriptions of accounts Debit Credit Calculation
Expenditure on bad debts 
Doubted debt allowance 
(Bad Debts Expense recorded)
Answer:
i dont k but I needed points
Explanation:
sorry
