Answer:
Total capitalized cost 24,980
Explanation:
The shipping and installation cost are capitalzied as they are cost needed to make the equipment ready to use.
The down payment will be in his full amount as it is done "today".
The the note, which is an annuity will be multiplied by the annuity factor
and the note
down payment: 4,000
shipping charges 2,000
installation 3,500
6,000 annuity x 2.58 = <u> 15,480 </u>
Total capitalized cost 24,980
Answer:
The August 31 trial balance is a debit and credit amount of $16,986
Explanation:
The journal entries for the following transactions is as follows;
General Journal Debit Credit
1. Cash $6,500
Photography equipment $33,500
Common stock $40,000
2. Prepaid insurance $2,100
Cash $2,100
3. Office supplies $880
Cash $880
4. Cash $3,331
Photography fees $3,331
5. Utilities expense $675
Cash $675
August 31 trial balance $16,986 $16,986
The August 31 trial balance is a debit and credit amount of $16,986
The appropriate response is exceedingly organized choices. Choices can change from organized to unstructured. They can be separated in that organized choices have a very much characterized technique for finding an answer and have the information to achieve choices.
Answer
The answer and procedures of the exercise are attached in image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
$187,975
Explanation:
Calculation to determine The cash payments expected for Finch Company in the month of April
Cash Payment= 3/4 *$198,500 (May's manufacturing cost)+1/4 *$156,400 (April's manufacturing cost received in May)
Cash Payment=$148,875+$39,100
Cash Payment=$187,975
The The cash payments expected for Finch Company in the month of April are $187,975
