Nov. 15- Purchased $1,600 of merchandise on account from Martin Co, terms 1/30; paid $60 of associated freight charges in cash. My answer: Merchandise Inventory $1600 Accounts Payable $1600 Cash $60 Freight Expense $60...

Can anyone help me with this? I'm confused on how to post these and how to prepare the Adjusted Trial Balance. Window Washing Company opened on July 1, 2010. During July the following transactions were completed. July 1 Issued 14,456 shares of common stock for $14,456 cash. July...

Facts: Alternative Energy Corporation formed in 2004. It is authorized to issue 100,000 shares of common stock at $5 par value. It has 25,000 shares issues and outstanding. All long-term tangible assets are depreciated using straight line...

3. A company had made an issue of 5,000 debentures of Rs. 100 each at par a Sinking Fund having been created to provide for repayment. Under the terms of issue, the company might under certain conditions purchase the debentures in the open market for cancellation. On 1-4-2000, 3,800 of the...

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.