The table shows closing costs for a purchase of a $283,000 house requiring a 20% down payment. Find the total amount of cash required of the buyer at closing (including down payment). The total amount of cash required at closing is $ (Simplify your answer) .... Title insurance premium Document recording fee Loan fee (2 points) Appraisal fee Prorated property taxes Prorated insurance premium $440 $60 $400 $695 $295
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- The table on the right shows closing costs for a purchase of a $224,000 house requiring a 20% down payment. Find the total closing costs. Title insurance premium $225 Document recording fee Loan fee (2 points) $30 Appraisal fee $225 Prorated property taxes Prorated insurance premium $691 $300 What are the total closing costs? $4 Enter your answer in the answer boX. op 14 I0 f10 insert prt sc 144 $4 L. 8 E RThe table shows closing costs for a purchase of a $303,000 house requiring a 20% down payment. Find the total amount of cash required of the buyer at closing (including down payment). The total amount of cash required at closing is $ (Simplify your answer.) Title insurance premium Document recording fee Loan fee Appraisal tee Prorated property taxes Prorated insurance premium $370 $60 $400 $669 $295The table shows closing costs for a purchase of a $293,000 house requiring a 20% down payment. Find the total amount of cash required of the buyer at closing (including down payment). Title insurance premium Document recording fee Loan fee (1 point) Appraisal fee The total amount of cash required at closing is $ (Simplify your answer.) $450 $60 $400 Prorated property taxes $674 Prorated insurance premium $295
- CASE No.1: Form the following information you are required to pass journal entries in the books of Hire Purchaser for first 2 years: Cash price of a Truck Rs. 111,750. i. Cash down payment Rs. 30,000; and balance be paid in three installments of Rs. 30,000 each at the end of 1st, 2nd and 3rd year. Rate of interest charged by seller is 5% p.a. on outstanding balance. Rate of depreciation is 10% p.a. on diminishing balance method.Asset Cost: Less: Residual Value Depreciable Amount Depreciation method Depreciation p.a: Date 30/06/2018 30/06/2019 30/06/2020 Computers Depreciation Worksheet - Snow Lake Pty Ltd $66,000 $ N/A $66,000 Reducing Balance (Diminishing Balance) 30% Asset Cost $66,000 46,200 32,340 Depreciation $19,800 13,860 9,702 Accumulated Depreciation $19,800 33,660 43,362 Carrying Amount at the end $46,200 32,340 22,638 20 2014 2015 14200 1444Every entry should have narration please Problem 1 November 19, 2020, BG Ltd purchased a mini excavator from an equipment supplier. The cost of the excavator was 560,000, with $6,000 paid in cash, and a note for $54.000 with interest on the note at 4% all due on November 18, 2021. BG Ltd. has a year end of December 31. Prepare all of the entries required for the note in 2020 and 2021.
- 7. AB Company purchases a truck in the amount of $15,000. Additional costs include sales tax of $1500, painting of $2500, license of $150 and a 1 year auto insurance policy of $1200. Complete the journal entry for the auto purchase. Account Debit Credit Truck 20,350 Cash 20,350The purchase of supplies for $8,000 by paying 30% cash and the remaining on account includes the following records made by the purchaser: * A debit to supplies expense for $8,000 O A credit to Account payable for $2,400 O A credit to Account payable for $5,600 O None of the aboveName/Surname Students ID Company A purchases land on January 1, 2021 for $ 40,000 with a note payable. Other cost indludes $ 2500 in delinquent property taxes, and a $ 1500 survey fee. Genen Jauma Pape Account Tites and Eelanten De bit Credit 2 The company depreciation tor this year on equpmer *$ S000. Accnt te nd belir Aon
- first sale! They sold $100,000 worth of goods on credit, with terms 3/10, n/20, on 2/1/2021. Record this journal entry using both the net and gross methods. Record the journal entry if the customer pays off this account on 2/5/2021. Record the journal entry if the customer pays off this account on 3/1/2021.Saved Help Save & Exit Submit TB MC Qu. 07-124 (Algo) Valley Spa purchased... Valley Spa purchased $11,200 in plumbing components from Tubman Company. Valley Spa signed a 90-day, 7% promissory note for $11,200. If the note is dishonored, what is the amount due on the note? (Use 360 days a year.) Multiple Choice $11,200 $11,450 $196 $11.396 1,069 15 étv MacBook Air 80 888 DII DE F3 F4 F5 F6 F7 F8 %23 24 2 3 7 8 W E RLudwig Company's prepaid rent was $9,000 at December 31, 2020, and $13,500 at December 31, 2021. Ludwig reported rent expense of $19,000 on the 2021 income statement. What amount would be reported in the statement of cash flows as rent paid using the direct method? Multiple Choice $19,000. $14,500. $23,500. < Prev 3 of 10 www Check m Next s
