(Solution) If Price Is A Problem, Will Up It. Please Respond.The Bonds Issued By Jensen & Son Bear A 6 Percent Coupon, Payable Semiannually . | Snapessays.com


(Solution) If price is a problem, will up it. Please respond.The bonds issued by Jensen & Son bear a 6 percent coupon, payable semiannually .


Hi please help. If price is a problem, will up it. Please respond.1.The bonds issued by Jensen & Son bear a 6 percent coupon, payable semiannually. The bond matures in 8 years and has a $1,000 face value. Currently, the bond sells at par. What is the yield to maturity?                                                                                                                                                                                                    A.            5.87 percent          B.            5.97 percent          C.            6.00 percent          D.            6.09 percent          E.            6.17 percent             QUESTION 2 A General Co. bond has an 8 percent coupon and pays interest annually. The face value is $1,000 and the current market price is $1,020.50. The bond matures in 20 years. What is the yield to maturity? A. 7.79 percent B. 7.82 percent C. 8.00 percent D. 8.04 percent E. 8.12 percent QUESTION 3 Winston Enterprises has a 15-year bond issue outstanding that pays a 9 percent coupon. The bond is currently priced at $894.60 and has a par value of $1,000. Interest is paid semiannually. What is the yield to maturity? A. 8.67 percent B. 10.13 percent C. 10.16 percent D. 10.40 percent E. 10.45 percent QUESTION 4 Wine and Roses, Inc. offers a 7 percent coupon bond with semiannual payments and a yield to maturity of 7.73 percent. The bonds mature in 9 years. What is the market price of a $1,000 face value bond? A. $953.28 B. $953.88 C. $1,108.16 D. $1,401.26 E. $1,401.86 QUESTION 5 Your firm offers a 10-year, zero coupon bond. The yield to maturity is 8.8 percent. What is the current market price of a $1,000 face value bond? A. $473.26 B. $430.24 C. $835.56 D. $919.12 E. $1,088.00 QUESTION 6 You intend to purchase a 10-year, $1,000 face value bond that pays interest of $60 every 6 months (semiannual). If your nominal annual required rate of return is 10 percent with semiannual payments, how much should you be willing to pay for this bond? A. $ 826.31 B. $1,086.15 C. $ 957.50 D. $1,431.49 E. $1,124.62 QUESTION 7 The Seattle Corporation has been presented with an investment opportunity which will yield end-of-year cash flows as follows:           Years 1 through 4       $30,000 per year       Years 5 through 9       $35,000 per year       Year 10                         $40,000 per year        This investment will cost the firm $150,000 today, and the firm's cost of capital is 10 percent. What is the NPV for this investment? A. $135,984 B. $ 18,023 C. $219,045 D. $ 51,138 E. $ 92,146 QUESTION 8 Your firm wants to save $250,000 to buy some new equipment three years from now. The plan is to set aside an equal amount of money on the first day of each year starting today. The firm can earn a 4.7 percent rate of return. How much does the firm have to save each year to achieve their goal? A. $75,966.14 B. $76,896.16 C. $78,004.67 D. $81.414.14 E. $83,333.33 QUESTION 9 Your great-aunt left you an inheritance in the form of a trust. The trust agreement states that you are to receive $2,500 on the first day of each year, starting immediately and continuing for fifty years. What is the value of this inheritance today if the applicable discount rate is 6.35 percent? A. $36,811.30 B. $37,557.52 C. $39,204.04 D. $39,942.42 E. $40,006.09 QUESTION 10 Your car dealer is willing to lease you a new car for $299 a month for 60 months. Payments are due on the first day of each month starting with the day you sign the lease contract. If your cost of money is 4.9 percent, what is the current value of the lease?A. $15,882.75 B. $15,906.14 C. $15,947.61 D. $16,235.42 E. $16,289.54 QUESTION 11 Toni adds $3,000 to her savings on the first day of each year. Tim adds $3,000 to his savings on the last day of each year. They both earn a 9 percent rate of return. What is the difference in their savings account balances at the end of thirty years?A. $35,822.73 B. $36,803.03 C. $38,911.21 D. $39,803.04 E. $40,115.31 QUESTION 12 You borrow $149,000 to buy a house. The mortgage rate is 7.5 percent and the loan period is 30 years. Payments are made monthly. If you pay for the house according to the loan agreement, how much total interest will you pay? A. $138,086 B. $218,161 C. $226,059 D. $287,086 E. $375,059 QUESTION 13 Marko, Inc. is considering the purchase of ABC Co. Marko believes that ABC Co. can generate cash flows of $5,000, $9,000, and $15,000 over the next three years, respectively. After that time, they feel the business will be worthless. Marko has determined that a 14 percent rate of return is applicable to this potential purchase. What is Marko willing to pay today to buy ABC Co.? A. $19,201.76 B. $21,435.74 C. $23,457.96 D. $27,808.17 E. $31,758.00 QUESTION 14 You have some property for sale and have received two offers. The first offer is for $189,000 today in cash. The second offer is the payment of $100,000 today and an additional $100,000 two years from today. If the applicable discount rate is 8.75 percent, which offer should you accept and why? A. You should accept the $189,000 today because it has the higher net present value. B. You should accept the $189,000 today because it has the lower future value. C. You should accept the second offer because you will receive $200,000 total. D. You should accept the second offer because you will receive an extra $11,000. E. You should accept the second offer because it has a present value of $194,555.42. QUESTION 15 On August 1, you borrow $160,000 to buy a house. The mortgage rate is 7.5 percent. The loan is to be repaid in equal monthly payments over 15 years. The first payment is due on September 1. How much of the third payment applies to the principle balance? A. $483.22 B. $486.24 C. $489.28 D. $492.30 E. $495.32 QUESTION 16 On December 1, you borrow $210,000 to buy a house. The mortgage rate is 8.25 percent. The loan is to be repaid in equal monthly payments over 20 years. The first payment is due on January 1. Which one of the following statements is true assuming that you repay the loan as agreed? A. The total amount paid is about $429,442. B. The monthly payment is $2,037.30. C. The total interest paid is $278,952. D. The monthly interest rate is .75 percent. E. The first payment reduces the principle balance by $1,443.75. QUESTION 17 What is the net present value of a project that has an initial cash outflow of $12,670 and the following cash inflows? The required return is 11.5 percent.                                                                                     Year     Cash Inflows                                                    1          $4,375                                                    2          $      0                                                    3          $8,750                                                    4          $4,100 A. $370.16 B. $768.20 C. $218.68 D. $1,249.65 E. $1,371.02 QUESTION 18 You are considering two mutually exclusive projects with the following cash flows. Will your choice between the two projects differ if the required rate of return is 8 percent rather than 11 percent? If so, what should you do?                                                    Year                 Project A          Project B                                        0                   -$240,000        -$198,000                                        1                   $           0        $110,800                                        2                   $         0         $ 82,500                                        3                   $325,000        $ 45,000 A. yes; Select A at 8 percent and B at 11 percent. B. yes; Select B at 8 percent and A at 11 percent. C. yes; Select A at 8 percent and select neither at 11 percent. D. no; Regardless of the required rate, project A always has the higher NPV. E. no; Regardless of the required rate, project B always has the higher NPV. QUESTION 19 It will cost $2,600 to acquire a small ice cream cart. Cart sales are expected to be $1,400 a year for three years. After the three years, the cart is expected to be worthless as that is the expected remaining life of the cooling system. What is the payback period of the ice cream cart? A. .86 years B. 1.46 years C. 1.86 years D. 2.46 years E. 2.86 years QUESTION 20 Yancy is considering a project which will produce cash inflows of $900 a year for 4 years. The project has a 9 percent required rate of return and an initial cost of $2,800. What is the discounted payback period? A. 3.11 years B. 3.18 years C. 3.82 years D. 4.18 years E. never QUESTION 21   Braun Industries is considering an investment project which has the following cash flows:                     Year              Cash Flow                    0                -$1,000                    1                     400                    2                     300                    3                     500                    4                     400  The company's cost of funds is 10 percent. What is the project's payback, internal rate of return, and net present value?   A. Payback = 2.4, IRR = 10.00%, NPV = $600. B. Payback = 2.4, IRR = 21.22%, NPV = $260. C. Payback = 2.6, IRR = 21.22%, NPV = $300. D. Payback = 2.6, IRR = 21.22%, NPV = $260. E. Payback = 2.6, IRR = 24.12%, NPV = $300. QUESTION 22 As the director of capital budgeting for Denver Corporation, you are evaluating two mutually exclusive projects with the following net cash flows:                           Project X   Project Z             Year        Cash Flow   Cash Flow              0          -$100,000   -$100,000              1             50,000      10,000              2             40,000      30,000              3             30,000      40,000              4             10,000      60,000        If Denver's cost of capital is 15 percent, which project would you choose? A. Neither project. B. Project X, since it has the higher IRR. C. Project Z, since it has the higher NPV. D. Project X, since it has the higher NPV. E. Project Z, since it has the higher IRR. QUESTION 23 Two projects being considered are mutually exclusive and have the following projected cash flows:                           Project A   Project B             Year Cash Flow   Cash Flow              0          -$50,000          -$50,000              1           15,625                 0              2           15,625                 0              3           15,625                 0              4           15,625                 0              5           15,625           99,500        If the required rate of return on these projects is 10 percent, which would be chosen and why? A. Project B because it has the higher NPV. B. Project B because it has the higher IRR. C. Project A because it has the higher NPV. D. Project A because it has the higher IRR. E. Neither, because both have IRRs less than the cost of capital. QUESTION 24           Use this information for the next 3 questions:                         Lugar Industries is considering an investment in a new machine with the following information:                               Machine cost                   225,000                  Setup cost                          25,000                  Salvage value                    50,000                  Life                                    5 years                  Net operating expense savings:                               End of Year 1                 $ 50,000                  End of Year 2                 $ 90,000                  End of Year 3                 $110,000                  End of Year 4                 $120,000                  End of Year 5                 $120,000                               WACC                                10%                  Tax rate                            40%                  Assumed value of the machine                  at end of 5 years is          $50,000               If Lugar buys the machine, calculate the following answers. Remember to include the impact of depreciation, taxes, and salvage value.Calculate the NPV. You need to take into account depreciation, taxes and salvage value into account when calculating this problem. Round you answer to the nearest whole number. Do not use $, commas, or decimal points)QUESTION 25 Based on the above information, calculate the IRR.  Round you answer to the nearest two decimal places.  Do not use %) (For example, 34.4550% would be entered as 34.46.QUESTION 26 Based on your calculations, should Lugar buy the machine? Yes  NoQUESTION 27 Lucinda Diamanti is 10 years old today (August 15th) and while all she’s interested in is her new bike, her parents Mr. & Mrs. Diamanti are considering how they will pay for her college education beginning in 8 years. They decide to set up a meeting with their financial adviser Cindy Morgan to discuss an education savings plan. During the meeting, the Diamanti’s inform Cindy that they have $8,000 they can use to begin the savings plan, and from what they can determine, Lucinda will require 4 years to complete her undergraduate degree in molecular biology. Cindy consults a reputable college reference to see that tuition costs are currently estimated at $32,000 per year and are expected to grow at 4% each year for the foreseeable future. The Diamanti’s are concerned that they won’t have enough money and ask Cindy how to make sure they have enough to completely pay for Lucinda’s undergraduate education. The Diamanti’s inform Cindy that they want to make deposits into the education savings plan on an annual basis until Lucinda’s first year in college at which point they will stop making contributions. Cindy tells them they can earn 8% annual interest on their savings plan. Your job to answer the following two questions (You may assume there are 8 years between today and the beginning of Lucinda’s first day in college):Assuming the estimates on tuition costs are correct, how much money needs to be in the account when Lucinda begins college in 8 years to fund 4 years of college? Round your answer to a whole number. (No $ signs, commas, or decimal points) QUESTION 28 How much money do the Diamanti’s need to deposit annually in order to reach their goal to fund Lucinda’s education fully? Remember that the  Diamanti’s have $8,000 to invest today.  Round your answer to a whole number. (No $ signs, commas, or decimal points) QUESTION 29 Please use the following facts to analyze this nest two questions:   Assume you just received a bill for services you and have the following two payment options: Option 1: Pay the entire bill of $600 now  Or  Option 2: Pay: $130 now     And $130 for each of the next 4 monthsWhat annual interest rate (APR) are you paying if you choose Option 2?  Assume monthly compounding.  Round you answer to the nearest two decimal points.  Do not use $, commas or %. For example, 25.34% would be entered as 25.34.QUESTION 30 What Effective Annual Rate are you paying if you choose Option 2?  Assume monthly compounding.  Round you answer to the nearest two decimal points.  Do not use $, commas or %. For example, 25.34% would be entered as 25.34.QUESTION 31 Please use the following facts to analyze the next two questions:Facts and Assumptions: Lease Term in Months 24 Lease Down Payment  $      500.00 Monthly Lease Payments  $      300.00 Sales Tax Rate 8% Lease Buyout at End  $ 15,000.00 Title Fee  $        25.00 Car Loan Market Rate 7% Outright Purchase Price Before Tax and Title  $ 19,500.00 What is the NPV of the lease?  Round you answer to the nearest whole number.  Do not use $, commas, or decimal points and enter as a positive number. For example, -$34,567.50 would be entered as 34568.QUESTION 32 What would it cost you to buy the car today if you were paying cash?  Round you answer to the nearest whole number.  Do not use $, commas, or decimal points and enter as a positive number. For example, $34,567.50 would be entered as 34568. https://www.coursehero.com/tutors-problems/Business/9678940 9678940 explain the significance of these founding documents and how they altered the concept of government that had prevailed in society before their explain the significance of these founding documents and how they altered the concept of government that had prevailed in society before their creation https://www.coursehero.com/tutors-problems/Business/9678942 9678942 The Consultant Report provides an opportunity for the student (working in groups) to synthesize the topics learned in this course into a project. The Consultant Report provides an opportunity for the student (working in groups) to synthesize the topics learned in this course into a project. This project provides the group with a hypothetical organization with some financial, operational, and strategic assumptions and asks the group to prepare a report to the Organization’s Senior Management and Board of Directors with an assessment as to how the Organization is currently performing and what recommendations are important to implement in order for the Organization to succeed in the future.For this assignment, you will need to refer to the Creekside Community Hospital Data (also attached).Utilize the following information:Hospital Characteristics (see attached financials)   Competitive environment, declining market share to competitors   Moderate to substantial debt   Facility and equipment that is fairly current, but will have future investments in capital   Partial electronic medical record system   Mediocre quality and patient satisfaction scores   Few employed physicians/ no hospitalist program   Split payor mix between public and private   Overall not profitable from operations in most recent fiscal year Local Physician Practices Characteristics   Small primary care and specialty practices (mixture of solo and small groups)    Independent ownership    Loose affiliation with hospital    Combination of office and hospital practice Both Hospital and Physician organizations have contract only relationships with payors and suppliers and are currently not working with either in any strategic way financially.Your group is hired as a financial consultant to prepare a financial strategy (or strategies) to the hospital as they transition from the current environment to the future environment that will be impacted by healthcare reform due to governmental intervention as well as changes from within the industry itself.Specifically, your strategy should consider more than one alternative (outcomes). When formulating your response, consider addressing the following topics at a minimum (feel free to add other financial topics as well). This Consultant’s Report should include about one page for each topic:1. Address how a strong operating and capital budget process would assist achieving future financial goals (what tools might you employ?). Explain why accurate  cost allocation is important. What would be the priorities for capital budgets (in general, not specifically)? 2. Explain how you would advise both the hospital and physicians (separately or jointly) to work with payors and suppliers in this new environment. All sources, including course materials, must be cited in text in APA style.CASE1 Page 1 https://www.coursehero.com/tutors-problems/Business/9678944 9678944 Suppose we are testing the following hypothesis: H 0: = 25 and H a : 25. Determine the nature of the hypothesis test. Is it.... Left, right, or two Suppose we are testing the following hypothesis:  H0:  µ = 25 and Ha:  µ ? 25.   Determine the nature of the hypothesis test. Is it....Left, right, or two tailed? https://www.coursehero.com/tutors-problems/Business/9678946 9678946 What conclusion do you draw from this test? Can you reject Ho? If so, at what significance (alpha) level? In one sentence, interpret the slope... This question was created from Hmwk8 https://www.coursehero.com/file/8388528/Hmwk8/?focusQaId=9678946 https://www.coursehero.com/tutors-problems/Business/9678948 9678948 Discuss the role of policy analysis in policy modification. Include a description of a federal agency that supports policymaking through policy... Discuss the role of policy analysis in policy modification. Include a description of a federal agency that supports policymaking through policy analysis. https://www.coursehero.com/tutors-problems/Business/9678950 9678950 Advocating for Public Health Policy Imagine that you have been chosen to represent a public health advocacy group as they begin a campaign to get... I just need a key points that I can elaborate on for my assignment. I do not need the actual 10 minute presentation it is due tomorrow. Advocatng for Public HealTh Policy Imagine ThaT you have been chosen To represenT a public healTh advocacy group as They begin a campaign To geT legislaton relaTed To a healTh issue passed in your sTaTe legislaTure. You have been Tasked wiTh The role of presentng a proposed policy To The legislaTure and advocatng ThaT The legislaTure voTe for The policy. You have been Told ThaT you will have 10 minuTes To presenT To The legislaTure. Your presenTaton should be informatve, buT also persuasive. ±he legislaTure will need To make a decision abouT wheTher or noT To voTe for The policy based on your presenTaton. Your presenTaton should be sTrucTured exacTly as if you were “live” in fronT of The legislaTure advocatng for Them To adopT The policy you are proposing. For your assignmenT, you will need To selecT a public healTh Topic of inTeresT To you (you are encouraged To choose one relaTed To your academic major or inTended ²eld of work) and a public healTh policy relaTed To addressing The Topic. You may selecT an acTual proposed policy or creaTe one ThaT you Think would e³ectvely address The Topic. Your presenTaton should provide enough informaton abouT The Topic and The proposed policy ThaT a reasonably educaTed legislaTor should be able To make an informed decision. Be sure To consider The various questons ThaT a legislaTor mighT have abouT The issue and proposed policy, such as long-Term cosTs and bene²Ts, poTental e³ecTs on business and indusTry (especially Those ThaT supporT politcians’ campaigns), and how The policy will supporT The healTh and productviTy of sTaTe residenTs. For This assignmenT, you should creaTe an approximaTely 10 minuTe presenTaton* ThaT addresses each of The following poinTs: Discuss The public healTh issue ThaT your proposed policy is inTended To address. Questons To consider: Who does This healTh issue a³ecT? WhaT is The impacT of This healTh issue on The communiTy? Why does This healTh issue need To be addressed? Explain The proposed public healTh policy. Questons To consider: Who will be a³ecTed by This policy? How will This policy address The healTh issue? WhaT will change by enactng This policy? EvaluaTe The impacTs of The proposed policy. Questons To consider: WhaT are The cosTs and bene²Ts of The policy? WhaT are The risks of enactng or noT enactng The policy? How will The lives of people who are a³ecTed by The healTh issue change if This policy is enacTed? https://www.coursehero.com/tutors-problems/Business/9678952 9678952 CSEC 610 - [section #] 1. Using digital forensic tools or encryption tools in the virtual lab to extract the text in the picture (10%) and answer... Using digital forensic tools or encryption tools in the virtual lab to extract the text in the picture and answer the question. NAME: CSEC 610 – [section #] 1. Using digital forensic tools or encryption tools in the virtual lab to extract the text in the picture (10%) and answer the question (10%). Each question has to contains at least 150 words or receives no credit. https://www.coursehero.com/tutors-problems/Business/9678954 9678954 The bookkeeper for Bradbury Company asks you to prepare the following accrued adjusting entries at December 31. Interest on notes payable of $484 is... The bookkeeper for Bradbury Company asks you to prepare the following accrued adjusting entries at December 31. 1. Interest on notes payable of $484 is accrued. 2. Services provided but not recorded total $1,829. 3. Salaries earned by employees of $931 have not been recorded. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. Dec. 31 2. Dec. 31 3. Dec. 31 On July 1, 2014, Dobbs Co. pays $14,400 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Dobbs Co., journalize and post the entry on July 1 and the adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Prepaid Insurance Insurance Expense On July 1, 2014, Dobbs Co. pays $14,400 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Kalter Insurance Co. Kalter uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Unearned Service Revenue Service Revenue Hart Corporation encounters the following situations: Identify what type of adjusting entry (prepaid expense, unearned revenue, accrued expense, or accrued revenue) is needed in each situation, at December 31, 2014. 1. Hart collects $1,300 from a customer in 2014 for services to be performed in 2015. 2. Hart incurs utility expense which is not yet paid in cash or recorded. 3. Hart’s employees worked 3 days in 2014 but will not be paid until 2015. 4. Hart performs services for customers but has not yet received cash or recorded the transaction. 5. Hart paid $2,400 rent on December 1 for the 4 months starting December 1. 6. Hart received cash for future services and recorded a liability until the services was performed. 7. Hart performed consulting services for a client in December 2014. On December 31, it had not billed the client for services provided of $1,200. 8. Hart paid cash for an expense and recorded an asset until the item was used up. 9. Hart purchased $900 of supplies in 2014; at year-end, $400 of supplies remain unused. 10. Hart purchased equipment on January 1, 2014; the equipment will be used for 5 years. 11. Hart borrowed $10,000 on October 1, 2014, signing an 8% one-year note payable. The ledger of Perez Rental Agency on March 31 of the current year includes the selected accounts, shown below, before adjusting entries have been prepared. Debit Credit Prepaid Insurance $ 3,600 Supplies 2,800 Equipment 25,000 Accumulated Depreciation—Equipment $ 8,400 Notes Payable 20,000 Unearned Rent Revenue 10,200 Rent Revenue 60,000 Interest Expense 0 Salaries and Wages Expense 14,000 An analysis of the accounts shows the following 1. The equipment depreciates $400 per month. 2. One-third of the unearned rent revenue was earned during the quarter. 3. Interest of $500 is accrued on the notes payable. 4. Supplies on hand total $900. 5. Insurance expires at the rate of $200 per month. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Additional accounts are: Depreciation Expense, Insurance Expense, Interest Payable, and Supplies Expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. Mar. 31 2. Mar. 31 3. Mar. 31 4. Mar. 31 5. Mar. 31 Selected accounts of Koffman Company are shown below. Supplies Expense 7/31 800 Supplies 7/1 Bal. 1,100 7/31 800 7/10 650 Accounts Receivable 7/31 500 Salaries and Wages Expense 7/15 1,200 7/31 1,200 Salaries and Wages Payable 7/31 1,200 Unearned Service Revenue 7/31 1,150 7/1 Bal. 1,500 7/20 1,000 Service Revenue 7/14 2,000 7/31 500 7/31 1,150 (a) After analyzing the accounts, journalize the July transactions. (Hint: July transactions were for cash.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (b) After analyzing the accounts, journalize the adjusting entries that were made on July 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 (To record supplies used) July 31 (To record accrued revenue) July 31 (To record accrued salaries) July 31 (To record revenue earned) Selected accounts of Koffman Company are shown below. Supplies Expense 7/31 800 Supplies 7/1 Bal. 1,100 7/31 800 7/10 650 Accounts Receivable 7/31 500 Salaries and Wages Expense 7/15 1,200 7/31 1,200 Salaries and Wages Payable 7/31 1,200 Unearned Service Revenue 7/31 1,150 7/1 Bal. 1,500 7/20 1,000 Service Revenue 7/14 2,000 7/31 500 7/31 1,150 (a) After analyzing the accounts, journalize the July transactions. (Hint: July transactions were for cash.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (b) After analyzing the accounts, journalize the adjusting entries that were made on July 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 (To record supplies used) July 31 (To record accrued revenue) July 31 (To record accrued salaries) July 31 (To record revenue earned) Selected accounts of Koffman Company are shown below. Supplies Expense 7/31 800 Supplies 7/1 Bal. 1,100 7/31 800 7/10 650 Accounts Rec

 


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  • ■ As a source of ideas / reasoning for your own research (if properly referenced)
  • ■ For editing and paraphrasing.

This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

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