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"Storm Corporation purchased a new machine on October 31, 2010. A $1,200 down payment was made and three monthly installments of $3,600 each are to...

"Storm Corporation purchased a new machine on October 31, 2010. A $1,200 down payment was made and three monthly installments of $3,600 each are to be made beginning on November 30, 2010. The cash price would have been $11,600. Storm paid no installation charges under the monthly payment plan but a $200 installation charge would have been incurred with a cash purchase. The amount to be capitalized as cost of the machine on October 31, 2010 would be: "




"Kern Company purchased bonds with a face amount of $400,000 between interest payment dates. Kern purchased the bonds at 102, paid brokerage costs of $6,000, and paid accrued interest for three months of $10,000. The amount to record as the cost of this long-term investment in bonds is"
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Accounting-8223678.xls

If you want the formulas and any calculations, select the corresponding cell and press F2(Function Key on key board),
It will show all calculations and formulas Automatically
Please Give Me the...

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