Parrish Homework 1 (What type of account) Please tell me what the following accounts are. Example: Asset, Liability, Equity, Expense, Revenue etc.  Also if it is REAL or NOMINAL 1) Interest Income 2) Smith, Drawings 3) RE 1/1 Balance

what is Statement of Financial Position? prepare chart of accounts by completing the box below. Chart of Accounts Codes Account titles Account Type Statement of Financial Position/Statement of Comprehensive Income   Cash Asset      Prepaid Rent Asset     Revenue Equity   Account Codes:  Assets 100-199 Liabilities 200-299 Equity 300-399 Revenues 400-499 Expenses 500-599

For each of the unrelated situations described below, prepare the entries required to record the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) 1. On August 1, 2023, Sarasota Corporation called its 11% convertible bonds for conversion. The $4,000,000 par value bonds were converted into 160,000 no par common shares. On August 1, there was $351,000 of unamortized premium applicable to the bonds. At the time of issuance, Contributed Surplus-Conversion Rights was credited for $142,000, which represented the equity portion of the convertible bonds, and the market value of the common shares was $21 per share. The company records the conversion using the book value method. Ignore all interest payments. 2. Marigold Inc. issues 11% convertible bonds, par $1,000,000, at 97. The investment…

Define the followings? a. Real Account. b. Temporary Account.

1.  Define the following:     Assets     Liabilities     Owner's Equity     Revenue     Expenses2.  Give the specific account titles for each.

For each account, identify whether the normal balance is a debit or credit a.Notes Payable b.Dividends c.Service Revenue How do i figure this out?

The type of account with a normal credit balance is: Group of answer choices an asset drawing a revenue an expense

Top-Value Corporation has 242,000 shares of $30 par common stock outstanding. On September 2, Top-Value Corporation declared a 2% stock dividend to be issued November 30 to stockholders of record on October 3. The market price of the stock was $55 per share on September 2. Required: Journalize the entries required on September 2, October 3, and November 30. If no entry is required, simply skip to the next transaction. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.