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Category > Accounting Posted 18 Jun 2017 My Price 7.00

Ronald Allerton has just approached a venture capitalist for financing a new business venture,

Ronald Allerton has just approached a venture capitalist for financing a new business venture, the development of a local ski hill. On July 1 , 2013, Ronald was loaned $ 1,40,000 at an annual interest rate of 8%................... 1) Prepare an amortization schedule for the 5 years 2) Prepare all journal entries for the first 2 fiscal years ended June 30 2014 & 2015

 

 

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(8)
Status NEW Posted 18 Jun 2017 08:06 AM My Price 7.00

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Attachments

file 1497774404-596971_1_sol.docx preview (66 words )
(-----------a) ----------- Pe-----------rio-----------d C-----------ash-----------Pay-----------men-----------t -----------(A)----------- In-----------ter-----------est-----------Exp-----------ens-----------e(B-----------) =----------- (D-----------) X----------- 8%----------- Pr-----------inc-----------ipa-----------lRe-----------duc-----------tio-----------n(C-----------) =----------- (A-----------) â-----------€“ -----------(B)----------- Ba-----------lan-----------ce ----------- (D-----------) =----------- (D-----------) â-----------€“ -----------(C)----------- J-----------uly-----------1, -----------201-----------3 $-----------140-----------,00-----------0 -----------Jun-----------e30-----------, 2-----------014-----------$35-----------,06-----------4 $-----------11,-----------200----------- $ ----------- 23-----------,86-----------4 1-----------16,-----------136----------- J-----------une-----------30,----------- 20-----------153-----------5,0-----------64 -----------9,2-----------91 -----------25,-----------773----------- 90-----------,36-----------3 -----------Jun-----------e30-----------, 2-----------016-----------35,-----------064----------- 7,-----------229----------- 27-----------,83-----------5 6-----------2,5-----------28 ----------- Ju-----------ne3-----------0, -----------201-----------735-----------,06-----------4 5-----------,00-----------2 3-----------0,0-----------62 -----------32,-----------466----------- J-----------une-----------30,----------- 20-----------183-----------5,0-----------64 -----------2,5-----------98*----------- 32-----------,46-----------6 0----------- T-----------ota-----------l 1-----------75,-----------320----------- 35-----------,32-----------0 1-----------40,-----------000----------- *R-----------oun-----------ded----------- to----------- ma-----------ke -----------pri-----------nci-----------pal----------- el-----------eme-----------nt -----------equ-----------al -----------to -----------bal-----------anc-----------e. -----------
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