On July 31 Archives - WRITERS CAMPUS

Accounting Homework Help

On July 31, 20X1, after one month of operation, the general ledger

Writerscampus54 years ago10 months ago03 mins

On July 31, 20X1, after one month of operation, the general ledger of Dakota Consulting contained the following accounts and balances. The firm adjusts losses from uncollectible accounts only at the end of the fiscal year. Monthly adjustments are listed below. ACCOUNTS BALANCE Cash $ 14,485 Dr. Accounts Receivable 9,700 Dr. Allowance for Doubtful Accounts…

Accounting Homework Help

On July 31, 2013, Camelot Castle Resorts issues a $3,2500,000, 10

Writerscampus54 years ago10 months ago01 mins

On July 31, 2013, Camelot Castle Resorts issues a $3,2500,000, 10 year, 8.5% Bond with interest payable semiannually on January 31 and July 31 of each year. The market interest rate on the date of issuance is 5%. Camelot Castle Resorts uses the effective interest method to amortize bonds. Calculate the issuance price of the…