Alex Company prepares its statement of cash flows for operating activities.
For the year ended December 31, 2018, Alex Company reports the following activity:
Sales on account $2,100,000
Cash sales1,110,000
Decrease in accounts receivable 915,000
Increase in accounts payable 108,000
Increase in inventory 72,000
Cost of goods sold 1,575,000
Required:
1. Record journal entries of above transactions.

What cylinder head operation is the technician performing in this figure?

Interest is credited to a fixed annuity no lower than the variable contract rate contract guaranteed rate current rate of inflation prime rate

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.