Answer:
1 Required: 1-a. Prepare an adjusted trial balance at September 30, 2018.
Explanation:
Starbooks
Adjusted trial balance
d Cash $ 295
d Account receivable $ 295
d Supplies $ 495
d Equipment $ 3.195
c Accumulate depreciation $ 895
d Prepaid Rent $ 95
c Account Payable $ 595
c Notes Payable (short-term) $ 495
c Deferred Revenue $ 195
c Notes Payable (long-term) $ 195
c Common Stock $ 195
c Retained Earnings $ 1.495
c Service Revenue $ 6.185
c Interest Revenue $ 95
d Salaries Expense $ 2.195
d Depreciation Expense $ 295
d Income Tax Expense $ 295
d Rent Expense $ 395
d Supplies Expense $ 195
d Travel Expense $ 2.595
Total $ 10.345 $ 10.345
Answer:
$45,297
Explanation:
Data provided as per the question
Installment = $9,000
Present value factor = 5.0330
The calculation of present value is shown below:-
Present value = Installment × Present value factor
= $9,000 × 5.0330
= $45,297
Therefore for computing the present value of the loan we simply multiply the installment with present value factor.
<span>The theory of production explains the relationship between blank and blank</span>
Answer and Explanation:
According to the situation, the journal entries are as follows
a. Cash Dr $450,000
To bond payable $450,000
(Being the issuance of the bond is recorded)
Here we debited the cash as it increased the assets and credited the bond payable as it also increased the liabilities
b. Interest expense Dr $13,500
To cash $13,500
(Being the first interest payment is recorded)
Here we debited the interest expense as it increased the expenses and credited the cash as it decreased the assets
c. Bond payable Dr $450,000
To cash $450,000
(Being the payment of the principal on the maturity date is recorded)
Here we debited the bond payable as it decreased the liabilities and credited the cash as it decreased the assets
Answer:
$ 7
Explanation:
You can solve it using Proportion