BE 13.01 – Eder Fabrication
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given the amount borrowed, discount rate, and the promissory note… prepare the journal entry.
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Given the amount borrowed, discount rate, and the promissory note… prepare the journal entry.
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They give you the note amount, months, and discount rate and ask you to prepare journal entries for the issuance and repayment.
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Given the amount of a note, the months, and the discount rate they ask you to fill out a table to calculate the effective interest rate.
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Given the percent, years, and amount of a bond along with face amount, price to yield, and how often interest is paid… prepare both an amortization table and journal entry.
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Given information about a note issued for equipment, they ask you to determine the amount that equipment should be recorded for along with preparing a journal entry.
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Given a lease payment amount, years on the term, annual interest rate, and fair value of the asset they ask you to fill out a table for calculating interest along with determining the interest revenue.
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Given the annual lease payment, years on the lease, interest rate, and cost of the asset they ask you to determine the present value of the lease, prepare an amortization schedule, and show the total expenses on the lease.
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Given the lease period, equipment cost, useful life, normal sales price, residual value, and the interest rate they ask you to calculate the annual lease payments.
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Given the rate of return, the number of payments, years on the agreement, maintenance fee, and insurance premium and ask you to determine the amount of the right-of-use asset.
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Given the shares reacquired and the cost per share of treasury stock along with the treasury shares sold they ask you to determine the amount that retained earnings will decline by.
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