1. A zero-interest-bearing note payable that is issued at a discount will not result in
any interest expense being recognized.
2. Dividends in arrears on cumulative preferred stock should be recorded as a current
WEEK 3: JOURNALIZING AND POSTING
JOURNALIZE AND POST NOVEMBER AND DECEMBER TRANSACTIONS - DON'T
FORGET TO POST TO THE GENERAL LEDGER ON THE SECOND (YELLOW) TAB AT THE
BOTTOM. IT IS ON A SEPARATE WORKSHEET!
ACADEMIC CALENDAR 2017
(Approved by the Academic Council)
Course registration for Spring 2017
Makeup class(Sunday Schedule)
Makeup class(Monday Schedule)
Last date of withdrawal from courses
(a) The net income to be reported in 2015, using the retrospective
Cash (20,000 X $16).
Common Stock (20,000 X $10) .
Paid-in Capital in Excess of ParCommon
Preferred Stock (4,000 X $100).
Paid-in Capital in
Conner and Martin
From: MD. Monirozzaman Mamun
October 15, 2015
Describing the advantage of issuing debt
compared to issuing equity
Debt and equity are the two main sources of capital available to business