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ACCT 422 week five individual

ACCT 422 week five individual - A B C D E F G H I J K L M N...

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A. CL B. CL C. Depends on the term of warrenty D. CL E.  CL F. CL G. Depends on the length of the contract H. CL I CL J. CL K. CL L. Depneds on when the claim will be filed but CL M. CL N. CL O. Show in a note or parethetically in capital stock section of the financial stmts P. CL
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 160,000.00   480,000.00   No because Firstar bank will use the 12% interest rate and Nicole Bradtke will use the n  No because the 2080000 exceeds the previous carrying amount of debt of 2 million so   Date   12/31/22007  12/31/2008 12/31/2009 12/31/2010  Notes Payable    Intereset Expen     Cash   Notes Payalbe      Cash 
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 1,600,000.00   2,080,000.00  new effective interest rate based on the present value rate of 10%   they make not adjusting entry   Cash Paid 10%   Interest Exp 1.4276%   Reduc carry amount   carrying amount of note   2,000,000.00   160,000.00   28,552.00   131,448.00   1,868,552.00   160,000.00   26,675.45   133,324.55   1,735,227.45   160,000.00   24,772.11   135,227.89   1,599,999.56     133,324.55  nse   26,675.45   160,000.00     1,600,000.00   16,000,000.00 
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Journal Entry for Rowling Boutique 30-Jun 386900 365000 21900 Sales  21900 STP 21900
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