ACC620 Exam Wk7.xlsx
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31-Aug Part-Refund 432000 outstanding 10% Note Payable Paid Principle 432000 Interest 43200 475200 To make payment used Cash 128490 and Note Payable 381000 Discounted @ 9% by bank 31-Aug Note Payable 432000 Interest Exp. 43200 Discount 34290 Note Payable 381000 1 Cash 128490 31-Dec Interest Exp. 11430 Discount 11430
Transcript of ACC620 Exam Wk7.xlsx
Sheet131-AugPart-Refund432000outstanding10%Note PayablePaidPrinciple432000Interest43200475200To make paymentusedCash128490andNote Payable381000Discounted @9%by bank31-AugNote Payable432000Interest Exp.43200Discount34290 Note Payable381000TRUE Cash12849031-DecInterest Exp.11430 Discount11430
Sheet2200000017542008%10%$1,754,200$160,000$175,420$15,420$1,769,620$160,000$176,962$16,962$1,786,582$160,000$178,658$18,658$1,805,240$160,000$180,524$20,524$1,825,764Interest Exp$104,217.28 Interest Pay$93,333 Discount$10,884
Sheet3Computer12002014sold850computer1020000SalesEstimatedCosts20142015Parts4010000Labor60150002014(Sales)Accounts Rec. 1020000 Sales Rev.10200002014Liab./Warr.Warr. Exp85000 Warr. Liab.850002015Against War CostWarr. Liab.25000 Cash15000 Inventory10000
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