Description
this assignement on excel, factoring cash receivables i have some of the work made but still needs a lot of work this assignemtent DOESN'T HAVE ANY FURTHER INSTRUCTIONS SO PLEASE TAKE A CAREFUL LOOK OF THE MATERIAL BEFORE TAKING THE ASSIGNMENT
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Explanation & Answer
Attached.
2015
To record issue
*Think about blend of debt and equity. Can change how many shares to issue
If not 1000 shares, will need to raise the rest (so equity and liabilities equal 180000)
Will need to record secured note to shareholder
3 year note
5% annual
BV
0
1
2
3
4
5
Rate
40000
24000
14400
8640
5184
0
Assigned Rec
Fee
Factor Payable
Dpr
0.4
0.4
0.4
0.4
0.4
0.4
16000
9600
5760
3456
5184
185000
14800
127650
To record
Amortize/dpr
Note Receivable
Professional Service Revenue
To record 6-Year note @
In Exchange for Professional Serv
To record purchase of
5,444.38 on account
To record sale of
on account
To record
Amortize/dpr
To Assign
Discount
Fee
Rate
Common scriptions offered
Shares
Subscription pr.
Cash received on subscriptions
Declare script dividend on
of EPS
To discount Note Receivable on l
...