Intermediate Quiz

Intermediate Quiz - 3) Banyei Isoh A PV=FV(PVFn,I)...

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Unformatted text preview: 3) Banyei Isoh A PV=FV(PVFn,I) PV=FV(PVF3,9% PV=255,000(.77218) 196905.9 Carrying Value 196,906.00 Less:Book Value 159,800 Gain on Disposal 37,106 Sale of Building Date Description and Account Debit Credit 1/1/2013 Notes Recievable 255,000 Accum Deprec 106,000 Building 265,800 Gain On Disposal 37,106 Discount On N/R 58,094.00 B Amortization Table Date Discount Interest Revenue Carrying Value 1/1/2010 196,906 12/31/2010 17,721.54 17,721.54 214,627.54 12/31/2011 19,316.47 19,316.47 233,944.01 12/31/2012 21,055 21,054.96 254,998.97 C Sale of Building Date Description and Account Debit Credit 12/31/2010 Discount on N/R 17,721.54 Interest Revenue 17,721.54 12/31/2011 Discount on N/R 19,316.47 Interest Revenue 19316.47 12/31/2012 Discount on N/R 21,054.96 Interest Revenue 21,054.96 Collection Of Note Date Description and Account Debit Credit 1/1/2013 Cash 255,000 Notes Recievable 255,000 4) A PV-OA=R(PVF-OAn,i) PV-OA=5600(PVF-OA10,8%) PV-OA=4200(6.71008) 37,576.45 Notes Payable 56,000.00 Less:Carrying Value...
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This note was uploaded on 05/06/2010 for the course BUAD Buad 381 taught by Professor Proctor during the Spring '10 term at Morgan.

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Intermediate Quiz - 3) Banyei Isoh A PV=FV(PVFn,I)...

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