Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

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: 402 Weeks Ago, 5 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 01 Aug 2017 My Price 3.00

Custom Industries

Custom Industries purchases new specialized manufacturing equipment on July 1, 2011. The equipment cash price is $96,000. Custom signs a deferred payment contract that provides for a down payment of $10,000 and a 10-year note for $112,420. The note is to be paid in 10 equal annual payments of $11,242. The payments include 5.193% interest and are made on June 30 of each year, beginning June 30, 2012. Prepare the journal entries for 2011, 2012, and 2013 related to the equipment purchase and the contract. Custom’s fiscal year ends on June 30.

Answers

Maurice Tutor
(5)
Status NEW Posted 01 Aug 2017 06:08 PM My Price 3.00

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