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(solution)- Help Neded in Accounting Assignment


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The Question

I need help with the assignemnt attached. Please show all work. Thanks

 

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Solution details

Solution #000178525

(solution)- Help Neded in Accounting Assignment.zip

the solutions are attached

body preview (5 words)

questions 2 xxx 3 xxx xxx posted

file1.docx preview (47 words)

xx solution

 

i)Merchandize to xx xxxxxxxxxxxxx

 

xxxxxxxx 12% 4 xxxxxxxxxxxxxxxxxxxxxxx

 

xxxxxxx

 

10% OF 8000=800

 

800*3.0373=2429.84(PRESENT VALUE xx xxxxxxxxx

 

PVIF 12% 4 xxxxxxxxxxxxxxxxx

 

xxxxxxx

 

8000*0.6355=5084.14(PRESENT xxxxx OF xxxx AFTER x xxxxxx

 

PRESENT VALUE OF xxx xxxxxxxxxxxxxxxxxxxx

 

xxxxxxxx

 

NOTE xxxxxxxxxx xxxx

 

xxxxxxxxxxxx 7513.84

 

xxxxxxxxx 486.16

 

iii)

 

 

xxx

 

xxx

 

xx

 

xxx

 

xxx

 

xx

 

DATE

 

xxxxxxx PAID

 

xxx INTEREST

 

xxxxxxxx xxxxxxxxx

 

xxxxxxxx xxxxxx

 

1/1/12

 

 

 

 

7513.98

 

1/1/12

 

xxx

 

xxxxxx

 

xxxxxx

 

xxxxxxx

 

1/1/13

 

800

 

913.88

 

xxxxxx

 

7729.54

 

xxxxxx

 

xxx

 

927.54

 

127.54

 

7857.08

 

xxxxxx

 

800

 

xxxxxx

 

xxxxxx

 

xxxx

 

 

iv) xxxx 800

 

xxxxxxxxx xxxxxxx xx xxxx xxx

 

file2.docx preview (22 words)

BASS INC

 

xxxx

 

1/6/12 xxxxxxxx xxxxxxxx xxxxxx

 

x xxxxx 250000

 

COMMISSION 12500

 

INTEREST xxxxx

 

xxxxxxxxxxxxx xxxxx

 

6/30/12

 

CASH 10000

 

INCOME STATEMENT 10000

 

xxxxxxxxx xxxxxx

 

ASSIGNED ACCOUNTS 160000

 

DISCOUNT 3000

 

7/31/12

 

xxxxxxxxxxxxxx

 

xxxxxxxxxx xxxxxxxxxxxxxxxx

 

8/31/12

 

CASH 40000

 

xxxxxxxxxx ACCOUNTS 40000

 

xxxx

 

 

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This paper was answered on 19-Jul-2017

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DATE ANSWERED

Jul 19, 2017

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