E9-15A – Bonds (Logistics)
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
Given the bonds payable, face value, and bonds issued – create the entries for the transactions.
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Given the bonds payable, face value, and bonds issued – create the entries for the transactions.
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Given the debenture bonds outstanding, the value, and what the bonds were issued at – find the cash received at bond issuance, cash paid back at maturity, annual interest total, and straight-line interest total.
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Given the information on the fleet of semi-trucks – determine the deferred tax liability and create the journal entry.
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Given the information on New Morning Bakery closing its operations… calculate accumulated depreciation, book value, the gain or loss on the sale, and then record the sale of the ovens.
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Given the beginning accounts receivable balance, the service revenue, and the ending accounts receivable balance… determine the cash collected during the year.
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Given the amount a business paid on account… determine what would be included in the journal entry.
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Given a list of transactions including the purchase of supplies, services for cash, services on account, and monthly rent… calculate total revenue, net income, and the net cash inflow or outflow.
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Given credit sales, cash sales, wages, utilities, payments received, and beginning cash balance… determine the ending cash balance.
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Given a chart showing account balances for two months along with additional information… prepare a T-account for cash, accounts receivable, and notes payable.
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Given cash, accounts receivable, inventory, prepaid insurance, accounts payable, salary payable, notes payable, and short-term investment… determine the quick ratio.
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