Sem1 Problems.xlsx - P10-5 To enter the journal entries...

Info icon This preview shows pages 1–4. Sign up to view the full content.

P10-5 To enter the journal entries, enter the appropriate account titles in the shaded cells in colum D and the appropriate amounts in the shaded cells in columns K and M. The account titles are required to be entered by the student in the shaded cells. However the are not graded. An asterisk (*) will appear before an incorrect amount in specific cells. 1. Accumulated depreciation of exchanged ass Cost of acquired asset Loss Cost of exchanged asset Cash Paid 2. Cost of Acquired asset Cost of exchanged asset Cash Paid 3. Cost of acquired asset Accumulated depreciation of exchanged ass Cost of exchanged asset Cash Paid Cash Received 4. Cost of acquired asset * Accumulated depreciation of exchanged ass Loss Cost of exchanged asset Cash received
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Name: mns ese cells 28,000 10,000 4,000 40,000 2,000 55,000 35,000 15,000 5,000 20,000 2,000 13,000 5,000 4,000 16,800 5,000 1,000 20,000 * 2,800
Image of page 2
2016 Expenditures 1-Jan $ 540,000 (12/12) $ 540,000 1-May $ 465,000 (8/12) $ 310,000 1-Oct $ 600,000 (3/12) $ 150,000 $ 1,605,000 $ 1,000,000 1-Mar $ 1,500,000 (10/12) $ 1,250,000 30-Jun $ 600,000 (6/12) $ 300,000 $ 2,100,000 $ 1,550,000 $ 2,550,000 weighted avg. acc exp. = $1,000,000 weighted avg interest rate $ 6,000,000 x 14 % = $ 840,000 $ 14,000,000 x 8 % = $ 1,120,000 $ 20,000,000 $ 1,960,000 weighted avg interest rate= $ 1,960,000 $ 20,000,000
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern