Ac550 Week Six Assignment

E10-1 Land ItemLandImprovements Building Other Accounts (a) ($275,000) Notes account 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 transport #1 -----------------------------------13,900.00 coin -----------------------------------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 woo of Goods exchange ------------------12,000.00 Inventory ------------------------12,000.00 Sales -------------------------------15,200.00 4Truck #4 ----------------------------------13,000.00 Common Stock --------------------10,000.

00 Paid-in metropolis in scanty of par ---- 3,000.00 (1,000 shares x $13 = $13,000) E10-4 Purchase Cash salaried for equipment, including sales impose of $5,000$105,000 Freight and insurance season in transit 2,000 Cost of moving equipment into place at milling machinery 3,100 Wage speak to for technicians to test equipment 6,000 Special measure fixtures need for new equipment 8,000 add to doher cost $124,100 The insurance bounteousness give during the first year of operation of this equipment...If you want to get a full essay, sight it on our website: Orderessay

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