Acct 325 Ch. 13 HW(revised)

Acct 325 Ch. 13 HW(revised) - Jamahl Hill P13-1 (parts 1...

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Jamahl Hill P13-1.) Part 1. Blanton Plastics 10/1/2009 Cash 14,000,000 Notes Payable 14,000,000 N, C & I Bank 10/1/2009 Notes Receivable 14,000,000 Cash 14,000,000 Part 2. Interest Expense 420,000 Interest Payable 420,000 Inerest recevable 420,000 Interest Revenue 420,000 P13-4.) Part 1. a. 12/31/2009 Interest Expense 25,000 Interest Payable 25,000 b. No adjusting entry since interest has bee c. Accounts Recevable 18,000 Advances from customers 18,000 Rent Revenue 25,000 Unearned rent revenue 25,000 Part 2. Current Liabilities: Accounts Payable 35,000 Current Portion of LTD 250,000 Accurued Interest payable 25,000 Advances from customers 18,000 Unearned rent Revenue 25,000 Bank Notes payable 600,000 total current Liabilities 953,000 Long Term Liabilities: Mortgage Note payable 950,000 E13-4.) Wages Expense 6,000
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Liability 6,000 (404000-4000) 400000 Vacation wages paid (400000*1/40) 10000 Vacation pay earned (4,000) vacation pay taken
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Acct 325 Ch. 13 HW(revised) - Jamahl Hill P13-1 (parts 1...

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