In addition to having a bachelor's degree in accounting, a certification will increase a tax accountant's job opportunities and
1 answer:
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Answer:
8.28%
Explanation:
We use the Rate formula shown in the spreadsheet for this question
The NPER specifies the time period.
Given that,
Present value = $932
Future value or Face value = $1,000
PMT = 1,000 × 6.25% ÷ 2 = $31.25
NPER = 4 years × 2 = 8 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this,
the yield to maturity is 8.28%
<u>Solution and Explanation:</u>
The Journal Entries in the books of Brock's water enterprise is as follows :-
Date Particulars and details Debit($) Credit($)
Jan 5, 2018 Intangible Assets - Lease 905861
Lease Payable 905861
(Being Record the Lease)
Jan 5, 2018 Lease Payable 125000
Cash 125000
(Being Record Down Payment)
Dec 31, 2018 Amortization Expenses ($905861divide 10) 90586
Accumulated Amortization 90586
(Being Record the amortization)
Jan 5, 2019 Lease Payable 62531
Interest Expenses 62469
Cash 125000
(Being Record the Second Lease Payment)