Ac550 Week Six Assignment

E10-1 Land ItemLandImprovements Building Other Accounts (a) ($275,000) Notes Payable (b)$275,000 (c) $10,000 (d)7,000 (e) 6,000 (f)-1,000 (g)25,000 (h) 250,000 (i) 9,000 (j) $4,000 (k)11,000 (l)-5,000 (m)13,000 (n)19,000 (o)14,000 (p) 3,000 E10-3 1hand truck #1 -----------------------------------13,900.00 immediate payment -----------------------------------13,900.00 2Truck #2 ----------------------------------18,362.00 Discount on Notes Payable ---------- 1,636.20 Cash -----------------------------------2,000.00 Notes Payable -----------------------18,000.00 PV of $18,000 @ 10% for 1 yr = $18,000 x .90900 = $16,362 $16,362 + $2,000.00 = $18,362 3Truck #3 --------------------------------15,200.00 comprise of Goods Sold ------------------12,000.00 Inventory ------------------------12,000.00 Sales -------------------------------15,200.00 4Truck #4 ------------------------------ ----13,000.00 frequent Stock --------------------10,000.

00 Paid-in Capital in scanty of Par ---- 3,000.00 (1,000 shares x $13 = $13,000) E10-4 Purchase Cash salaried for equipment, including sales appraise of $5,000$105,000 Freight and insurance while in transit 2,000 Cost of moving equipment into place at milling machinery 3,100 Wage bell for technicians to test equipment 6,000 Special plumbing fixtures need for new equipment 8,000 heart cost $124,100 The insurance premium give during the first year of operation of this equipment...If you want to get a full essay, piece it on our ! website: BestEssayCheap.com

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