BE 13.05 – Life.com
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
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.
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.
Given the cash received towards a sale… find the journal entries for the two different days.
Given the amount of gift cards sold and the days they were redeemed… find how much gift card revenue should be recognized with the sale.
Given the credit sale, state, and local tax rate… prepare for the journal entry.
They give you the warranty period, the percent of sales the warranty costs, the sales, and warranty expenditures and ask you to fill out a T-account to calculate the ending balance.
Given the cost to the company, they ask you to determine how it will affect the income statement and balance sheet.
Given the value of the bond and the years to maturity… determine the amount of interest that is paid.
Given the interest rate, years on bond, face value, issue price, and interest to yield they ask you to calculate the straight-line interest expense.
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.
They give you the amount of a note, the years, and the interest rate and ask you to prepare journal entries for both firms.