General Investment Co. (GIC) purchased bonds on January 1, 2021. GIC's accountant has projected the following amortization schedule from purchase until maturity:

Date Cash Received Interest Revenue Amortization Amortized Cost
of Discount
1/1/2021 $194,758
6/30/2021 $7,000 $7,790 $790 195,548
12/31/2021 7,000 7,822 822 196,370
6/30/2022 7,000 7,855 855 197,225
12/31/2022 7,000 7,889 889 198,114
6/30/2023 7,000 7,925 925 199,039
12/31/2023 7,000 7,961 961 200,000

GIC purchased the bonds for .

The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services

United continental holdings, inc., (ual), operates passenger service throughout the world. the following data (in millions) were adapted from a recent financial statement of united. sales (revenue) $38,901 average property, plant, and equipment 17,219 average intangible assets 8,883 1. compute the asset turnover. round your answer to two decimal places.

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.