Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 1 Day Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 31 May 2017 My Price 15.00

Post Company issues

Question 1

On July 1, 200X you enter into a note payable of $200,000 with a 5% annual interest rate. Your interest expense for 200X will be:

$10,000.

$2,500

$2,000

$5,000

 

Question 2

Post Company issues a 6 year, 6%, $200,000 bond at par on July 31. The journal entry would be:

A debit to cash of $200,000 and a credit to bonds payable of $200,000.

A debit to bonds payable of $200,000 and a credit to cash of $200,000.

A debit to cash of $200,000 and a credit to bonds receivable of $200,000.

A debit to bonds receivable of $200,000 and a credit to cash of $200,000.

 

 

Question 3

Post Company issues a 6 year, 6%, $200,000 bond at par on July 31. How much interest will be paid over the life of the bond?

$4,000

$6,000

$12,000

$72,000

 

Question 4

A company has current assets of $500,000, net income of $10,000, current liabilities of 250,000 and equity of $250,000. What is the current ratio?

0.5

7.5

0.3

2.0

 

Question 5

If a company has gross salaries of $12,000 and it withholds $1,800 for income taxes and $800 for FICA taxes, the journal entry to record the employee s pay should include:

Debit to salary expense for $9,400

Debit to salary payable for $9,400

Credit to salary payable for $9,400

Credit to cash for $12,000

Answers

Maurice Tutor
(5)
Status NEW Posted 31 May 2017 08:05 PM My Price 15.00

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