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-   -   Journal Entries , Ledger and Trial balance (https://www.askmehelpdesk.com/showthread.php?t=415816)

  • Nov 13, 2009, 11:48 PM
    delhidude
    Journal Entries , Ledger and Trial balance
    A has started his business by investing cash Rs 10000 in exchange of 1000 shares
  • Nov 14, 2009, 01:49 PM
    Mr D

    Have a problem with Interest accrued on the bonds payable is $15,000 as of 12/31/10 Here is the given information:
    Selected amounts from Trent Company's trial balance of 12/31/10 appear below: Accounts Payable - $ 160,000; Accounts Receivable - $150,000; Accumulated Depreciation—Equipment - $200,000; Allowance for Doubtful Accounts - $20,000; Bonds Payable - $500,000; Cash - $150,000; Common Stock - $60,000; Equipment - $840,000; Insurance Expense - $30,000; Interest Expense - $10,000; Merchandise Inventory - $300,000; Notes Payable (due 6/1/11) - $200,000; Prepaid Rent - $150,000; Retained Earnings - $818,000; Salaries and Wages Expense - $328,000. (All of the above accounts have their standard or normal debit or credit balance.)Prepare adjusting journal entries at year end, December 31, 2010, based on the following supplemental information:
  • Nov 17, 2009, 12:01 AM
    morgaine300
    • Please start your own thread for your own question. It's confusing when people keep tagging onto other threads, and it's not even the same topic.

    • There is no "supplemental" info included. In fact, for bonds all we need is the stuff related to the bonds.
    • Please see the guidelines about posting homework problems:

    https://www.askmehelpdesk.com/financ...-b-u-font.html

    Since the necessary info isn't even included in the post, it would be a good idea to start your own thread, including your attempts at doing the work.

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