subject
Business, 29.07.2019 17:20 marie1211

American food services, inc., acquired a packaging machine from barton and barton corporation. barton and barton completed construction of the machine on january 1, 2018. in payment for the $4 million machine, american food services issued a four-year installment note to be paid in four equal payments at the end of each year. the payments include interest at the rate of 10%. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) required: 1. prepare the journal entry for american food services’ purchase of the machine on january 1, 2018. 2. prepare an amortization schedule for the four-year term of the installment note. 3. prepare the journal entry for the first installment payment on december 31, 2018. 4. prepare the journal entry for the third installment payment on december 31, 2020.

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 20:50, victory08
Your goal is to have $2,000,000. you have a total of $40,000 today. you invest the $40,000 and want to add to it each month. at 10% annual interest, how much do you need to invest each month in order to bring the total up to $2,000,000 30 years from now?
Answers: 2
image
Business, 21.06.2019 21:30, nickespinosa11
Gary becker's controversial the economics of discrimination concludes that price discrimination has no effect on final profits. price discrimination benefits monopolies. labor discrimination in hiring results in more efficient allocations of production. discrimination in hiring practices has no effect on final profits. labor discrimination harms firms that practice it due to increased labor costs. price discrimination harms monopolies, which refutes over two centuries of economic theory.
Answers: 3
image
Business, 22.06.2019 11:20, murarimenon
Camilo is a self-employed roofer. he reported a profit of $30,000 on his schedule c. he had other taxable income of $5,000. he paid $3,000 for hospitalization insurance. his self-employment tax was $4,656. he paid his former wife $4,000 in court-ordered alimony and $4,000 in child support. what is the amount camilo can deduct in arriving at adjusted gross income (agi)?
Answers: 2
image
Business, 22.06.2019 16:10, donbright100
Answer the following questions using the banker’s algorithm: a. illustrate that the system is in a safe state by demonstrating an order in which the processes may complete. b. if a request from process p1 arrives for (1, 1, 0, 0), can the request be granted immediately? c. if a request from process p
Answers: 1
You know the right answer?
American food services, inc., acquired a packaging machine from barton and barton corporation. barto...

Questions in other subjects: