1 prepare the journal entries for the following, Ask an Expert

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1. Prepare the journal entries for the following transactions: (a) $500 purchase for raw materials using trade credit (b) $1,500 amortization expense for goodwill (c) $4000 payment for salaries payable.

2. You invest $3,000 in a money market account, and in 3 years it is worth $4,200. The money market was compounded monthly. What was the interest rate?

3. You invest $12,000.00 in a mutual fund that has an expected growth rate of 12%. The amount is compounded quarterly, and you will not going to withdraw any money for 6 years. What is the expected future value of the mutual fund at year 6?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92772538

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