Answer:
$47,500
Explanation:
The computation of the dollars amount for meeting the obligation is shown below:
= Expected amount to pay × forward rate
= 5,000,000 × $0.0095
= $47,500
We simply multiply the Expected amount to pay with the forward rate so that the accurate amount can come.
All other information which is given is not relevant. Hence, ignored it
It’s A for sure just really got to add the puzzles together
Answer:
Unearned Fees ($3,600 × 6 months ÷ 12 months) $1,800
To Advertising revenue $1,800
(Being the adjusting entry is recorded)
Explanation:
The adjusting entry is shown below;
Unearned Fees ($3,600 × 6 months ÷ 12 months) $1,800
To Advertising revenue $1,800
(Being the adjusting entry is recorded)
Here we debited the unearned fees as it decreased the liability and credited the advertising revenue as it increased the revenue account
The six months could be computed from June 1 to December 31
Answer:
the formula for compound interest future value is S=P*((1+i)exp n)-1/i)expt
Explanation:
The answer is $6,186
130000=X*((1+0.06)exp 14)-1/0.06)
X= 6,186
Answer:
A. Received cash by issuing common stock
Debit: Cash
Credit: common stock
B. Received cash for services to be performed in the future.
Debit: Cash
Credit: unearned revenue.
C. Paid salaries payable
Debit: salaries payable
Credit: cash
D. Provided services on account.
Debit: accounts receivable
Credit: service revenue
E. Paid cash for operating expenses
Debit: operating expenses
Credit: cash
Explanation:
A. Received cash by issuing common stock
Debit: Cash
Credit: common stock
B. Received cash for services to be performed in the future.
Debit: Cash
Credit: unearned revenue.
C. Paid salaries payable
Debit: salaries payable
Credit: cash
D. Provided services on account.
Debit: accounts receivable
Credit: service revenue
E. Paid cash for operating expenses
Debit: operating expenses
Credit: cash
