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Ainat [17]
3 years ago
15

1.- Registre el siguiente asiento de situación inicial en su libro Diario

Business
1 answer:
lutik1710 [3]3 years ago
7 0

Answer:

hmm pls

Explanation:

anong sagot d ko alam ehhhh

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On January 1, 2011, Ozark Minerals issued $10 million of 9%, 10-year convertible bonds at 101. The bonds pay interest on June 30
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Answer:

Explanation:

Bonds are corporate debt units that are issued by firms inform of financial securities and  are traded as tradeable assets. It is basically referred to as a fixed income instrument since bonds conventionally are paid a certain fixed amount of interest rate (coupon) to its respective debtholders.

going by the question Upon issuance, Ozark should

Credit premium on bonds payable $100,000

Because face value of bonds =  $10 million but issue price is  $10 million * 101 % i.e $ 10100000

So, premium = 10100000 - 10000000 = $ 100000

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Is it okay to write 350 words when the limit is 500 for a college essay?
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You should always try to meet the word limit
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Develop an argument for why a cosmetics manufacturer should build and maintain an ethical climate
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<span>Cosmetic products will easily lose intended efficacy if exposed to unsuitable climate like high temperature or sunlight. To think they are  used for the skin and pricey,  the products should be safe and not harmful. Therefore, they should  meet the standard safety requirements. </span>

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3 years ago
Best paid and fun jobs?​
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they make 50 k that's not that bad

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Payson Sports, Inc., sells sports equipment to customers. Its fiscal year ends on December 31. The following transactions occurr
sladkih [1.3K]

Answer & Explanation:

Req. A

Journal Entries

a. Debit        Inventory           $250,000

  Credit                Cash                           $90,000

  Credit                Accounts payable     $160,000

Note: Purchase of raw materials with cash and on account.

b. Debit        Wages expense   $184,000

  Credit                 Cash                          $180,300

  Credit                  Wages payable        $3,700

Note: Total salary (180,300 + 3,700)= 184,000 usd. 180,300 were charged over the course of the year, $3,700 only being compensated, thereby the responsibility (salaries payable).

c. Debit        Cash                            $500,000

  Debit        Accounts receivable  $250,000

  Credit                 Sales revenue            $750,000

Note: Offer cash and on account to consumers pillows.

Since the company is a sales business, the expense of the products sold must be registered.

Debit       Cost of goods sold      $485,000

Credit               Inventory                           $485,000

d. Debit      Utilities expense       $17,200

  Credit                   Cash                           $17,200

e. Debit     Cash                             $70,000

  Credit                    Unearned revenue       $70,000

Note: If the service is done in the future and cash is earned now, taxes are reported on an accrual basis as earned, not when the service is conducted.

f. Debit      Utilities expense        $1,930

 Credit           Utilities payable                      $1,930

Note: As it is unpaid, a liability will arise.

Req. B

Accrual accounting framework provides owners, borrowers and other consumers with more accurate and powerful knowledge. This shows distinctly the savings, profits and obligations of the company against its internal and external employees. Owing to the fact that all documents (whether charged or not) were kept independently under an accrual accounting.

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