Question: Please help me answer these questions. No explanation needed A company sells a building in exchange for a $497,000, 5%, 3-year note receivable on January

 Please help me answer these questions. No explanation needed A companysells a building in exchange for a $497,000, 5%, 3-year note receivableon January 1, 20X1. Interest payments are due at each year-end. Thenote's beginning carrying value is $483,715 and has a 6% market rate.

Please help me answer these questions. No explanation needed

How much discount would be amortized by December 31, 20X1? (Ch7) O$664 $5,634 $797 $4, 173On January 1, 20X1, a company estimates itsclosure costs in 3 years for an oil deposit to be $610,000,which has a $526,942 present value (with a 5% rate implied). Assumeany closure cost depreciation is done on a straight-line basis. What journal

A company sells a building in exchange for a $497,000, 5%, 3-year note receivable on January 1, 20X1. Interest payments are due at each year-end. The note's beginning carrying value is $483,715 and has a 6% market rate. How much discount would be amortized by December 31, 20X1? (Ch7) O $664 $5,634 $797 $4, 173On January 1, 20X1, a company estimates its closure costs in 3 years for an oil deposit to be $610,000, which has a $526,942 present value (with a 5% rate implied). Assume any closure cost depreciation is done on a straight-line basis. What journal entry should be recorded for the interest accrual at December 31, 20X1? (Ch13) O Dr. Interest expense $30,500; Cr. Asset retirement obligation $30,500 O Dr. Interest expense $26,347; Cr. Asset retirement obligation $26,347 O Dr. Interest expense $30,500; Cr. Oil deposit $30,500 O Dr. Interest expense $26,347; Cr. Oil deposit $26,347An auditor is estimating the ending inventory of a client using the gross profit method. The auditor determines that the net sales during the period total $414,000, that cost of goods available for sale is $376,000, and the company uses a 23% gross profit on cost. What is the estimated amount of ending inventory? (Ch9) O $298,585 O $318,780 O $39,415 O $57,220A company has net income of $151000 end has $24,000 of dividends for preferred stock during the year. If there are 200.0012) shares of summon stuck and 50,000 shares of preferred stock outstanding for the entire year, what is the company's earnings per share\"? (Chet) A company purchases supplies for $1,300. What journal entry should be recorded? O Dr. Supplies expense $1,300; Cr. Accounts payable $1,300 O Dr. Supplies $1,300; Cr. Accounts payable $1,300 Dr. Supplies expense $1,300; Cr. Cash $1,300 O Dr. Supplies $1,300; Cr. Cash $1,300

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