tutorial_7 - E9–15. Req. 1 $50,000 x 0.7513 = $37,565...

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Unformatted text preview: E9–15. Req. 1 $50,000 x 0.7513 = $37,565 Req. 2 $10,000 x 2.4869 = $24,869 It is better to pay in three installments because the economic cost is less. Req. 3 $40,000 x 0.5132 = $20,528 Req. 4 $15,000 x 6.1446 = $92,169 P9–2. Req. 1 January 8: Purchases (+A).......................................................................... 14,860 Accounts payable (+L)............................................................ 14,860 January 17: Accounts payable (-L)................................................................ 14,860 Cash (-A)................................................................................ 14,860 April 1: Cash (+A)................................................................................... 35,000 Note payable, short term (+L)................................................ 35,000 June 3: Purchases (+A).......................................................................... 17,420 Accounts payable (+L)............................................................Accounts payable (+L)....
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This note was uploaded on 05/10/2011 for the course ACCT 1002 taught by Professor Ng during the Spring '11 term at National University of Singapore.

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tutorial_7 - E9–15. Req. 1 $50,000 x 0.7513 = $37,565...

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