CHAPTER 13
CHAPTER 13 Current Liabilities and Contingencies E13-4 Refinancing of short-term debt. Simple 20–25 E13-5 Compensated absences. Moderate 25–30 E13-6 Compensated absences. Moderate 25–30 E13-7 Adjusting entry for sales tax. Simple 5–7 E13-8 Payroll tax entries. Simple 10–15 E13-9 ... Access Doc
CURRENT LIABILITIES & CONTINGENCIES
CURRENT LIABILITIES & CONTINGENCIES Chapter 13 April 1 Journal Entry ? Debit Credit Trucks 30,000 Cash 4,000 (Refinancing of Short-Term Debt) On December 31, 2001, Hattie McDaniel Company had $1,200,000 of short-term debt in the form of ... View Doc
June 18, 2015 Volume 22, Issue 21 Heads Up - Deloitte US
June 18, 2015 Volume 22, Issue 21 In This Issue • Introduction • Background • Key Provisions of the ASU Journal Entry 1 Cash $ 10,000,000 Debt — long term $ 10,000,000 To record $10,000,000 note payable on January 1, 2015. Journal Entry 2 ... Return Document
Chapter 13 Current Liabilities And Contingencies
Indicate how current liabilities and contingencies are presented and analyzed. 1. The journal entry to record the sale of 100 machines at $5,000 each, (Refinancing of Short-term Debt) On December 31, ... Retrieve Full Source
Accounting For Bond Issues Or Debt Financing
Accounting for Bond Issues or Debt Financing Speaker: Linda W. Dufresne, CPA, President, Dufresne & Associates, CPA, PA ... Fetch Here
FINANCIAL MANAGEMENT - Georgia Department Of Education
FINANCIAL MANAGEMENT . FOR GEORGIA LOCAL UNITS . OF steps have been taken to refinance the bond anticipation notes and the intent is supported by an ability to consummate refinancing the short-term notes on a long-term basis in a journal entry for the difference to increase the ... View Full Source
DEBT REFINANCING
Journal entry to record proceeds and use: ACCOUNT CODE ITEM ENTRY 30 R 500 000 87* NEW BORROWING PROCEEDS CREDIT (INCREASE) TOTAL PROCEEDS 30 E 282 000 6** PAYOFF OF REFUNDED DEBT DEBIT (INCREASE) PROCEEDS USED ... Fetch Full Source
Long-Term Debt Entries
Long-Term Debt (not an actual entry) Long-Term Debt Accounting Entries. GASB 34 General Long-Term Debt - Accounting Entries Compensated Absences The Compensated Absence balance at June 30 was $39,695,000, an increase $3,250,000 to over last. years ending balance. Long-Term Debt entries.PDF ... Fetch Here
Pension - Wikipedia
A pension is a fund into which a sum of money is added during an employee's the Wall Street Journal reported the percentage of American private-sector workers who have a traditional This may take the form of early entry into a retirement plan for a disabled member below the normal ... Read Article
Bond Retirement (Bond Refunding, Replacing Current ... - YouTube
Bond Retirement (Bond Refunding, Replacing Current Bond Issue With New Bond Issue) Allen Mursau. Loading reacquisition price is the amount paid to extingish the debt, Journal Entries for Bond Issue - Duration: 13:25. ... View Video
GCX Fiile Overview - Mauldin & Jenkins - Mjcpa.com
Is a “refinancing Where would each item from journal entry be reported on balance sheet. Tax-exempt debt not externally restricted for the acquisition of specified qualifying assets (such as general purpose capital improvement bonds) ... View Document
CHAPTER 13 CURRENT LIABILITIES, PROVISIONS, - Wiley: Home
Chapter 13 Current Liabilities, Provisions, and Contingencies· 13–1 CURRENT MATURITIES OF LONG-TERM DEBT Refinancing Events Liability of €3,000,000 Refinancing Liability due Statements authorized How to classify? completed for payment for issuance ... Fetch Here
DEBT SERVICE FUND JOURNAL ENTRIES 4-1 replenishment of inventory and for the future payment of debt. ** Collateral entry may be recorded in the long-term debt “holding account”. (See Entry #13.) Budget Entries—Modifications # 4 General ... Document Viewer
Interest-only Loan - Wikipedia
An interest-only loan is a loan in which, for a set term, the borrower pays only the interest on the principal balance, After the entry of private banks into the Indian banking sector, which was earlier dominated by nationalized banks, ... Read Article
Accounting For Long-Term Debt - MIT OpenCourseWare
Accounting for Long-Term Debt 15.501/516 Accounting Spring 2004 A summary of long-term debt, including current maturities, as of December 31 Journal reported in 1999 that Shoney’s debt was selling for 210 per thousand, ... Fetch Full Source
Accounting For General Long- Term Liabilities And Debt Service
Accounting for General Long-Term Liabilities and Debt Service. 6-2 Learning Objectives general journal to record the issuance and repayment of general long-term debt Prepare note disclosures for general long-term debt. 6-3 Closing entry on December 31, 2011: Debt Service Fund: Dr. Cr. ... Access Document
Financial Instruments Under ASPE - EtobicokeCA.com
Financial Instruments under ASPE Marcus Guenther, CA, MBA FocusROI Inc. 416 594 0005 ext. 2 bonds and similar debt instruments, both issued and Refinancing, restructuring and renegotiation fees. iv. ... Read Here
Accounting For Long Term Assets Long Debt AnD LeAses
For purchasing PP&E financed with debt, the entry is similar except debt increases and possibly cash decreases if there’s a down payment. For example, here is the entry if Berger Properties Accounting for Long-term Assets, Long-term Debt and Leases ... Read Content
Investment Banking - Wikipedia
This article may be in need of reorganization to comply with Wikipedia's layout guidelines. Please help by editing the article to make improvements to the overall structure. ... Read Article
Accounting For Bonds And Long-Term Notes
Journal Entries: Assume that Firm A Bond Premium 70,188 Firm B Entry: Dr. Cash $935,816 Dr. Bond Discount 64,184 Cr. Early Extinguishment of Debt What entry would each firm record if they paid fair value to retire the debt on 12/31/01 (after making the interest ... Return Document
Chapter 13: Current Liabilities And Contingencies
Chapter 13: Current Liabilities and payment of the zero-interest bearing notes Noninterest-Bearing Note Short-Term Obligations Expected to be Refinanced Refinancing criteria Must intend Prepare the Journal Entry to Record Sales and Warranty Expense for 2003 Prepare the Journal ... View Full Source
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