Using the following balance sheet items and amounts, calculate the total current liabilities. • Money market account $7844 • Retirement account $90600 • Medical bills $395 • Checking account $3877 • Credit card balance $1309
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- transcribed image text: Luna's savings account had the following balances. Date 04/01/2019 04/17/2019 05/28/2019 06/22/2019 Balance 726,000 782,000 800,000 How much is Luna's ADB for the 2nd quarter of 2019? 535,000 O P752,670.33 O P752,380.43 O P760,648.35 O P761,033.33The bank statement for Unique Fashion had an ending cash balance of $2,200 on April 30, 2022. On this date the cash balance in their general ledger was $3,678. After comparing the bank statement with the company records, the following information was determined. The bank returned an NSF cheque in the amount of $350 that Unique Fashion deposited on April 20. The NSF service fee was $9. A direct deposit received from a customer on April 29 in payment of their accounts totaling $3,780. This has not yet been recorded by the company. On April 29, the bank deposited $16 for interest earned. The bank withdrew $35 for bank service charges. Deposits in transit on April 30 totalled $4,880. Required Reconcile the ledger and bank statement and create the required journal entries. Do not enter dollar signs or commas in the input boxes. Do not use negative signs. Select the proper order for the headings of the Bank Reconciliation. Cash balance per bank statement Add Outstanding deposit Adjusted bank…Mallings Review View Help PSearch Aav Ao|三、E、行。 日 AaBbCcDd AaBbCcDd AaBbC AaBb AaBbCcD AaB AaBbCcD 1 Normal 1 No Spac. Heading 1 Heading 2 Heading 3 Title Subtitle Paragraph Styles Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $50,000 in a fund paying 5% per year, with monthly payments for 5 years, if the fund contains $10,000 at the start PMT = $ 5)
- Print Item From the data below for Wong Company, prepare the closing entries for the year ended December 31. Cash dividends $47,000 Sales 982,600 Sales returns and allowances 3,960 Interest revenue 10,521 Factory overhead (debit) 210,620 Factory overhead (credit) 210,620 Cost of goods sold 726,820 Wages expense 130,745 Supplies expense 9,900 Depreciation expense-office equipment 6,900 Utilities expense 5,840 Bad debt expense 1,680 Advertising expense 11,120 Interest expense 9,860 Income tax expense 32,050 If an amount box does not require an entry, leave it blank. Page: 1 POST. DATE DESCRIPTION DEBIT CREDITGeneral Computers Inc. purchased a computer server for $65,500. It paid 25.00% of the value as a down payment and received a loan for the balance at 6.50% compounded semi-annually. It made payments of $2,400.41 at the end of every quarter to settle the loan. a. How many payments are required to settle the loan? o payments Round up to the next payment b. Fill in the partial amortization schedule for the loan, rounding your answers to two decimal places. Payment Number 0 11 Payment $0.00 $0.00 Interest Portion Principal Portion 50.00 50,00 SUBMIT QUESTION $0.00 50.00 Principal Balance $49.125.00 $0.00 $0.00Ch13 Deferred Annuity, Annuity Due and Perpetuity - Video Note - Word ferences Mailings Review View ACROBAT O Tell me what you want to do. A Aa- 三.=-m, 」T AaBbCcDc AaBbCcDc AaBbC AaBbCcC AaB AaBbCcD ,空-A. 国喜创■_材, 白,田。 1 Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Paragraph Styles ..I ... ... I...2 4 (1+p(n) 3(1+pY 0 =20 (1+p)Y-n)-1/(1+p)^(n) -1/0 >>>0 PV - PMT*[1-(1+pX-n)]/p PV = PMT [1-0)/p %3D PV=PMT*I/p- PMT/p Rev 32: Pipeline Corporation's preferred share dividend of S1.45 is paid at the end of every six months. If comparable investments yield 5.6% compounded quarterly, what should the selling price of these shares be? $1.45 S1.45 S1.45 $1.45 pouse brenk 12 18 14 + 6. & 7 8 4 E R. T Y U D F G J K V alt ctrl 目
- Mallings Review View Help e Search AaBbCcDd AaBbCcDd AaBbC AaBb AaBbCcD 三加三三、、田、 1 Normal 1 No Spac. Heading 1 Heading 2 Heading 3 Paragraph Styles 1) Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $2,800 is deposited quarterly for 20 years at 5% per year FV = $ 梦 0 93(Click on the following icon in order to copy its contents into a spreadsheet.) Number of Payments or Years 8 16 29 340 Annual Interest Rate 7% 13% 3% 1% Present Value OO 0 0 Annuity $278.45 $1,299.25 $778.69 $464 49 Future Value ? 2 2 2What is the outstanding balance in the 5th period? Period Regular Payment Interest Repayment of the Loan Outstanding Balance 0 100000 1 6000 3000 3000 97000 2 6000 2910 3090 93910 3 6000 2817.3 3182.7 90727.3 4 6000 2721.819 3278.181 87449.119 5 6000 2623.474 P87,072.59 B P3,376.53 C P3,582.16 D P80,594.77
- 69 FL %24 E ezto.mheducation.com/ext/map/index.html?_con=con&external_browser3D0&launchUrl=https%253A%252E Quiz: Accounting for Current Liabi. A Saved Help Save & E Chec i Required information Short-term notes payable are current liabilities; most bear interest. When a short-term note's face value equals the amount borrowed, it identifies a rate of interest to be paid at maturity. Promissory Note k Sept. 30 Face Value Date Sixty days after date, I promise to pay to the order of National Bank Boston, MA Two Thousand and no /100 Dollars 70C F 9. II F3 F4 F5 F7 F8 F12 Finder LL // DDI ) 2 3. 6 K B. W ND2L Ô https://elearn.mtsu.edu/d2l/lms/quizzing/us... A ✩ C D21 Quizzes - Spring 2024 Personal Financial Planning (FIN-2010-D01, ECON-2110-D01) - Middle Tennessee St... 中 X 庙 Unit 6 Homework: Retirement & Estate Pla... 0:07:14 elapsed ✓ + A Question 11 (0.15 points) Retake question You as a young worker decide to use money in your traditional IRA account to pay for an unexpected $8250 expense. If your withdrawal faces a 10% early withdrawal penalty and you pay a marginal tax rate of 20%, how much must you take out of your account in order to pay the expense, the penalty, and the taxes on your withdrawal? Your Answer: Answer Hide hint for Question 11 The total amount you need to withdraw (X) must be the number such that when the penalty and taxes combined, you areOpen the file MASTER from the website for this book at cengagebrain.com. Enter all the formulas where indicated on the worksheet. Check to be sure that your balance sheet balances. Enter your name in cell A1. Save the completed file as MASTER2. Print the worksheet when done. Also print your formulas using fit-to-1 page scaling. Check figures: Borrowing (cell B78), $7,280; forecasted net income (cell D95), $40,200; total assets (cell D105), $507,600.
