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3 years ago

What comes in liabalities

Business

2 answers:

koban [17]3 years ago

8 0

Answer:

on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, earned premiums, unearned premiums, and accrued expenses. Even marriages can change your liability. ... The most common liabilities are usually the largest like accounts payable and bonds payable

harkovskaia [24]3 years ago

5 0

Answer: charge cards, house note, bills

Explanation:

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Answer:

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Explanation:

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3 years ago

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3 years ago

Quay Co. had the following transactions during the current period.Mar. 2 Issued 5,000 shares of $7 par value common stock to att

LenaWriter [7]

Answer:

Following are the journal entries to this question:

Explanation:

Date account title Dr. Cr.

Mar.2 Incorporation expense $\$39,600$

Common Stock (Par value $=5000 \ Shares \times 7$ ) $\$35,000$

Paid in excess of par- Common Stock $(39600-35000)$ $\$4,600$

(Bein 5000 common shares Of par value $\$4$ each issued )

June. 12 Cash $\$519,100$

Common Stock (Par value $-63400\ Shares \times 7$ ) $\$443,800$

Paid in excess of par- common stock $(519100-443800)$ $\$75,300$ (Being 63400 common shares of par value $\$7$ each issued for $\$519100$ cash)

July-11 cash $2175\ shares\times \$130$ $\$282,750$

Preferred Stock (Par value $=2175\ Shares \times \$110$ ) $\$239,250$

Paid in excess of par- Preferred stock $(282750- 239250)$ (Being 2175 Prefered shares of par value $\$110$ each issued for $\$130$ each)

Nov. 28 Treasury Stock $\$83,500$

cash $\$83,500$

(Purchased 2,350 shares of treasury stock for $\$83,500$ ).

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3 years ago

The Swifty Company issued $300,000 of 8% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable each

makvit [3.9K]

Explanation:

The journal entries are shown below:

a. On January 1

Cash A/c Dr $288,000 ($300,000 × 96%)

Discount on Note payable A/c Dr $12,000

To Note Payable A/c $300,000

(Being the note payable is recorded at discount)

b. On July 1

Interest expense A/c Dr $13,500

To Discount on bonds payable A/c $1,500 ($12,000 ÷ 8)

To Cash A/c $12,000 ($300,000 × 8% ÷ 2)

(Being interest expense is recorded)

c. On December 31

Interest expense A/c Dr $13,500

To Discount on bonds payable A/c $1,500 ($12,000 ÷ 8)

To Cash A/c $12,000 ($300,000 × 8% ÷ 2)

(Being interest expense is recorded)

7 0

3 years ago

A production department's output for the most recent month consisted of 12,500 units completed and transferred to the next stage

umka21 [38]

Answer:

20,625 units

Explanation:

Calculation for the equivalent units of production

Using this formula

Equivalent units of production=Units completed+Ending work in process inventory

Let plug in the formula

Equivalent units of production=12,500+(12,500×65%)

Equivalent units of production=12,500+8,125

Equivalent units of production=20,625 units

Therefore the equivalent units of production for the month is 20,625 units.

6 0

3 years ago

What comes in liabalities​

What comes in liabalities