Question: Question 2.4 (Total: 20 marks; -2 marks per error) The following is a tal balance from Mismanaged Ltd that occurred on March 31, 2020 is

 Question 2.4 (Total: 20 marks; -2 marks per error) The following
is a tal balance from Mismanaged Ltd that occurred on March 31,

Question 2.4 (Total: 20 marks; -2 marks per error) The following is a tal balance from Mismanaged Ltd that occurred on March 31, 2020 is as follow Debit Credit Cash $2.870 Accounts receivable 3.231 Office Supplies 800 Equipment 3.800 Accounts payable 52.666 Unearned revenue Common shares 6000 Retained earnings Service revenue 2.380 Salaries and wages expense 3.400 Ottice expense TOTAL $15,041 $15.041 2.795 9.60 The following transactions took place in April 2020 Payments received from customers on account amounted to $1,320 A computer printer was purchased on account for 5500 Services provided to clients and billed on account amounted to 51,890 5000 of supplies was purchased on account in April and a physical count on April 31 showed that there was $475 of supplies on and on April 31. When the Unearned Revenue account was reviewed was found that 5825 of the balance was earned in April Salaries and Wages Expense of $670 related to employee services provided in April was not yet recorded as at April 31 (will be paid in May. Payments to suppliers on account amounted to $2.125. . Received invoices totaling $1,160 related to office expenses incurred in April Declared a dividend of $575 on Apr 31 Required: Prepare the trial balance for April 30, 2020, assuming that Mismanaged did not record dosing entries as the end of March 2020.clintit may be necessary to add one or more accounts to the trial balance) Question 2.5 (Total: 18 marks) Spin Corporation manufacturers cycling equipment for fitness classes. Recently, the company's Executive VP of Operations requested the construction of a new plant to meet the increasing demand for the company's workout bikes. After considering the request, the BOD has decided to raise funds for the new plant by issuing $2,000,000 of 11% term corporate bonds on March 1, 2021, due on March 1, 2035, with interest payable each March 1 and September 1. At the time of issuance, the market interest rate for similar financial instruments is 10%. Required: 1. Determine the selling price of the bonds. You may use the factor tables A.2 and A.4 in appendix A, or a financial calculator or Excel's PV function to complete the calculation. 2. What is the basis of measurement for the bond

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