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Yuri [45]
2 years ago
7

From the following ledger balances, prepare a trial balance for the Whispering Winds Corp. at June 30, 2022. All account balance

s are normal.
Accounts Payable $8,300 Service Revenue $7,300
Cash $7,700 Accounts Receivable $4,300
Common Stock $22,500 Salaries and Wages Expense $3,500
Dividends $2,100 Rent Expense $2,300
Equipment $18,200.
Business
1 answer:
bonufazy [111]2 years ago
5 0

Answer:

Realidades 2 WKBK page 109

Explanation:

Realidades 2 WKBK page 109

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On January​ 1, 2019, Commercial Equipment Sales issued $ 29 comma 000 in bonds for $ 21 comma 700. These are sixminusyear bonds
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Answer:

$2,058.33

Explanation:

bond's face value = $29,000

bond's market value = $21,700

interest rate = 10%

n = 6 x 2 coupons = 12

discount on bonds payable = $29,000 - $21,700 = $7,300

discount amortized per coupon payment = $7,300 / 12 = $608.33

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the journal entry to record the coupon payment in June 30,2019:

Dr Interest expense 2,058.33

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What is morale?<br> I really need help with this
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Morale means confidence, enthusiasm, and discipline of a person or group at a particular time.
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Santana Company exchanged equipment used in its manufacturing operations plus $2,000 in cash for similar equipment used in the o
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We know that the exchange takes place when the FMV receive is equal to the FMV given up.

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The commercial substance means the future cash flows exchange.

The non monetary exchange refers to the cash which is less than 25% of the fair value exchange.

The journal entries for the Santana Corp. when the exchange lack the commercial substance are reported as :

Transaction                                           Debit ($)                 Credit ($)

Asset(new)                                           11,000

Accumulated depreciation(old)          9,000

Asset (old)                                                                       28,000

Cash                                                                                 2000

The journal entries for Delaware Corp. when the exchange lacks the commercial substance.

Transaction                                           Debit ($)                 Credit ($)

Asset(new)                                            16,000  

Accumulated depreciation (old)          10,000

Loss                                                                                      2500

Assets (old)                                                                           28,000                                  

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Answer:

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Buyers will often close the sale for you if you:
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If you want to buy it
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