ACC 557 Week 7 Chapter 9 and Chapter 10 Quiz ( all possible questions )
Compute the total cost of borrowing for these bonds , assuming the bonds were issued at 104 . ............
E10-15 : Tucki Co . receives $ 240,000 when it issues a $ 240,000 , 8 %, mortgage note payable to finance the construction of a building at December 31 , 2014 . The terms provide for semiannual installment payments of $ 17,660 on June 30 and December 31 . Prepare the journal entries to record the mortgage loan and the first two installment payments . ............
P10-1A : On January 1 , 2014 , the ledger of Shumway Company contains the following liability accounts . ............
a ) Journalize the January transactions ............
b ) Journalize the adjusting entries at January 31 for the outstanding notes payable . ( Hint : Use one-third of a month for the DeKalb Bank note .) ............
c ) Prepare the current liabilities section of the balance sheet at January 31 , 2014 . Assume no change in accounts payable . ............
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ACC 557 Week 7 Chapter 9 and Chapter 10 Quiz ( all possible questions )
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