What is the adjusting entry at Dec 31, 2007 for this problem? Problem: Logan Corporation issued 800000 of 8% bonds on October 1, 200, due on October 1, 2011. The interest is to be paid twice a year on April 1 and October 1. The bonds were sold to yield 10% effective annual interest.

Martin Rental Company Oct 1 - Martin Buys Two New Saws On Credit At $375.00 Each. The Saws Are Added To Martins Rental Fleet; Payment Is Due In 30 Days Oct 8 - Martin Accepts Advance Deposits For Tool Rentals Of $75. Oct 15 – Martin Receives A $150.00 Bill For Electricity Provided By Local...

Hi Can anyone help me with these journal entries? 1. Alli's employee, Jen and John the mechanic began working. Jen earns $1000 each mth plus commissions equal to $750 per car sold by the dealership. John earns $2500 /mth straight salary. The two employees are paid on the fifth day of the mth for...

When entering journal entries, how do you show opening balances? For example, If at the beginning of the month I have $100 in supplies, I purchase $700 throughout the year, and I have $400 remaining at the end of the year, how would I show this whole transaction?