Mar 1 Received $ 999 000 cash from customers for their order of 3,000 units if CDs which will be delivered to them on April 25.
Mar 9 Purchases of merchandise on account was made: 25, 000 units @ $ 90.00 unit cost. The company paid the delivery charges amounting to $ 10, 000.
Mar 24 Sales - various customers: 22, 000 units @ $300 average selling price. (60% of which is on account and the remainder in cash basis).
Mar 30 Issued a 12% 5-year bonds with a face value of $ 10,000,000 with the interest payable every Mar 30 beginning 2008. The market yield rate is 10%.
Apr 1 Purchase 10, 000 units of CDs @ $ 105 per CD. Term: 2/30, n60.
Apr 9 All the remaining unissued ordinary shares were issued at market value of $230.
Apr 25 Delivered the goods ordered by customers on Mar 1. The company incurred additional $5,000 for delivering the said merchandise.
Apr 28 Paid the amount payable from Apr 1 transaction.
2007-08-20
15:48:59
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1 answers
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asked by
Caine
1