Middy Garden Services provides you with the following information on 28 February 20.9. R Machinery 60,000 Bank 2,50,000 Vehicles 1,00,000 - Dale Golf Course, a client of Middy Garden Services, owes R30,000 to Middy Garden Services for garden services rendered on January 20.9. - Middy Garden Services owes Clean It Machines R5,000. What is the net asset value (equity) of Middy Garden Services as of 28 February 20.9? a. R445,000 b. R450,000 c. R440,000 d. R435,000 e. R405,000

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What is the loan impairment loss on December 31,2016?

A bank customer requests financing for five air conditioning units (A/Cs) on a three – year lease from the bank. The bank buys the assets and leases them for three years. Financial details RM Cost of A/Cs 5,000.00 Five – year life – annual depreciation 1,000.00 p.a. Insurance (Takaful) 300.00 p.a. Profit required by the bank Year 1 450.00 Year 2 350.00 Year 3 250.00 REQUIRED: a. Define ljarah concept according to AAOIFI b. Calculate yearly ljarah rental in order to cover the costs and to make the required profit

make journal entries for recording interest income and interest received and recognition of FV at dec31, 2023, 2024, and 2025.  the entries should be: to record interest collected (3 lines) to record Fair value adjustment to record interest collected (3 lines) to record Fair value adjustment to record interest collected (3 lines) to record gain or loss  Dont use AI Tools. Thank you

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solve the following using the concept of amortization 1.Show the amprtization schedule for a loan ₱15.000 at 4% interest compounded monthly, payable for 12 months

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Hartman Delivery Service purchased a new delivery truck for $29,000. At the time of purchase, Hartman made a 20% down payment and financed the rest with a 3-year note. Which of the following is the appropriate journal entry for this transaction ?

On June 30, Collins Management Company purchased land for $400,000 and a building for $560,000, paying $360,000 cash and issuing a 5% note for the balance, secured by a mortgage on the property. The terms of the note provide for 20 semiannual payments of $30,000 on the principal plus the interest accrued from the date of the preceding payment. If an amount box does not require an entry, leave it blank. Question Content Area a.  Journalize the entry to record the transaction on June 30. b.  Journalize the entry to record the payment of the first installment on December 31.