www.hawkeye.cc.ia.us/faculty/pgeer/Payroll/Ch%2006_2008%20final.ppt This about covers it. A big ATTABOY to the facilitator and creator of the ppt. Enjoy Accounting. MAFSTAXMAN
premium remained in capital projects fund, is there an journal entry for this
Check out www.bondterrier.com which is an interactive learning tool dealing with Accounting for the Life-Cycle Events of Bond Liabilities that are (a) Convertible into Common Equity at the Holder's Option and (b) Callable at the Issuer's Option. Journal entries are provided for Issuance; Interest Payments; Discount/Premium Amortization; Conversion; Call; Maturity.
Debit annual insurance premiumCredit cash / bank
[Debit] Cash / bank 2500000 Credit Share capital 500000 Credit Share premium 2000000
Security premium in management accounting is the difference between the nominal value and the selling price of shares.
debit cashcredit share capitalcredit share premium
debit insurance premium expensecredit cash / bank
Dr. Prepaid expence (balance sheet) Cr. Expense (income statement) e.g. you have already paid $1200 insurance, but at year end still have six months to go until you have to renew your premium. You would have expensed the full $1200 - now you need to remove the unused (prepaid) portion. Dr. Prepaid expense $600 Cr. Insurance $600
where can i download demo mr.accounting ?
debit insurance premiumcredit cash / bank
debit interest expensedebit bond premiumcredit cash
debit insurance premiumcredit cash / bank