第�次��解&cced

第�次��解&cced - 1. (a)...

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第一次小考解答 1. (a) March1 Cash . ................................................................... 120,000 Notes Payable . ........................................... 120,000 (b) June30 Interest Expense . ............................................... 3,200 Interest Payable ($120,000 × 8% × 4 ÷ 12) 3,200 (c) Aug. 31 Interest Expense . ............................................... 1,600 Interest Payable . ........................................ 1,600 (d) Sept. 1 Notes Payable . ................................................... 120,000 Interest Payable . ................................................ 4,800 Cash . ........................................................... 124,800 2. Colaw Company: Cost of equipment: Fair value of the old equipment €75,000 Plus: Cash paid 45,000 Cost €120,000 Fair value 75,000 Book value of old equipment 64,000 Gain on disposal €11,000 Equipment (new) . ....................................................................... 120,000 Accumulated Depreciation—Equipment (old) . ........................ 50,000 Cash . ................................................................................... 45,000 Equipment (old) . ................................................................. 114,000 Gain on Disposal . ............................................................... 11,000 Mantle Company: Fair value of the old equipment €42,000 Book value of old equipment
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This note was uploaded on 04/01/2011 for the course ACCT COST ACCT taught by Professor Wang during the Spring '11 term at National Taiwan University.

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第�次��解&cced - 1. (a)...

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