Flint inc. has decided to purchase equipment from central michigan industries on january 2, 2017, to expand its production capacity to meet customers’ demand for its product. flint issues a(n) $912,000, 5-year, zero-interest-bearing note to central michigan for the new equipment when the prevailing market rate of interest for obligations of this nature is 11%. the company will pay off the note in five $182,400 installments due at the end of each year over the life of the note.
1.prepare the journal entry at the date of purchase.
2.prepare the journal entry at the end of the first year to record the payment and interest, assuming that the company employs the effective-interest method.
3. prepare the journal entry at the end of the second year to record the payment and interest.
4. assuming that the equipment had a 10-year life and no salvage value, prepare the journal entry necessary to record depreciation in the first year. (straight-line depreciation is employed.)
red and orange because tertiary colors are combinations with primary and secondary colours.
the new gas bill will be 0
in business employees play a key role as without the employs we cannot run our business easily and in return employees demands full satisfaction and a good response from the boss towards the employees so to providing good facilities we have to set an employee motivational goals for better results.
support your answer using the data presented. (5 points). 4. based on the information you used to schedule and curve, which product would you recommend the shoe hut focus on, and why? provide details that support your answer. (5 points).