accounting question
jkfhkewqdwq
question_1.doc|
1. Sunland Corporation purchased a computer on December 31, 2016, for $111,300, paying $31,800 down and agreeing to pay the balance in five equal installments of $15,900 payable each December 31 beginning in 2017. An assumed interest rate of 9% is implicit in the purchase price. |
|
|
|
|
|
|
|
îB¬ÿÞ»Ü7æÇÇûz½��ÿ<?xml version="1.0" encoding="utf-8"?> <!-- Generator: Adobe Illustrator 15.0.2, SVG Export Plug-In . SVG Version: 6.00 Build 0) --> <!DOCTYPE svg PUBLIC "-//W3C//DTD SVG 1.1//EN" "http://www.w3.org/Graphics/SVG/1.1/DTD/svg11.dtd"> <svg version="1.1" id="Layer_1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" width="13px" height="13px" viewBox="0 0 13 13" enable-background="new 0 0 13 13" xml:space="preserve"> <polygon fill="#D14000" points="13,0 0,0 0,13 13,13 "/> <polyline fill="#FFFFFF" points="12,1 12,12 1,12 1,1 12,1 "/> <path fill="#D14000" d="M8.5,3.3L3.3,8.6L4.5,9.7l5.2-5.2L8.5,3.3z"/> </svg> Your answer is partially correct. Try again.
Prepare the journal entry at the date of purchase. (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit December 31, 2016
|
|
|
|
|
|
îB¬ÿÞ»Ü7æÇÇûz½��ÿ<?xml version="1.0" encoding="utf-8"?> <!-- Generator: Adobe Illustrator 15.0.2, SVG Export Plug-In . SVG Version: 6.00 Build 0) --> <!DOCTYPE svg PUBLIC "-//W3C//DTD SVG 1.1//EN" "http://www.w3.org/Graphics/SVG/1.1/DTD/svg11.dtd"> <svg version="1.1" id="Layer_1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" width="13px" height="13px" viewBox="0 0 13 13" enable-background="new 0 0 13 13" xml:space="preserve"> <polygon fill="#D14000" points="13,0 0,0 0,13 13,13 "/> <polyline fill="#FFFFFF" points="12,1 12,12 1,12 1,1 12,1 "/> <path fill="#D14000" d="M8.5,3.3L3.3,8.6L4.5,9.7l5.2-5.2L8.5,3.3z"/> </svg> Your answer is partially correct. Try again.
Prepare the journal entry at December 31, 2017, to record the payment and interest (effective-interest method employed). (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit December 31, 2017
|
|
|
|
|
|
îB¬ÿÞ»Ü7æÇÇûz½��ÿ<?xml version="1.0" encoding="utf-8"?> <!-- Generator: Adobe Illustrator 15.0.2, SVG Export Plug-In . SVG Version: 6.00 Build 0) --> <!DOCTYPE svg PUBLIC "-//W3C//DTD SVG 1.1//EN" "http://www.w3.org/Graphics/SVG/1.1/DTD/svg11.dtd"> <svg version="1.1" id="Layer_1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" width="13px" height="13px" viewBox="0 0 13 13" enable-background="new 0 0 13 13" xml:space="preserve"> <polygon fill="#D14000" points="13,0 0,0 0,13 13,13 "/> <polyline fill="#FFFFFF" points="12,1 12,12 1,12 1,1 12,1 "/> <path fill="#D14000" d="M8.5,3.3L3.3,8.6L4.5,9.7l5.2-5.2L8.5,3.3z"/> </svg> Your answer is partially correct. Try again.
Prepare the journal entry at December 31, 2018, to record the payment and interest (effective-interest method employed). (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit December 31, 2018
|
