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Use the Present Value Table to Complete

question 84

Short Answer

Use the present value table to complete:
 Future  Amount  Length of  Rate  Table  Rate  P.V.  P.V.  Desired  Time  Compounded  Periods  Used  Factor  Amount $12,00012 yrs 12% Semiannually  A  B  C  D \begin{array}{|l|l|l|l|l|l|l|}\hline \begin{array}{l}\text { Future } \\\text { Amount }\end{array} & \text { Length of } & \text { Rate } & \text { Table } & \text { Rate } & \text { P.V. } & \text { P.V. } \\\text { Desired } & \text { Time } & \text { Compounded } & \text { Periods } & \text { Used } & \text { Factor } & \text { Amount } \\\hline \$ 12,000 & 12 \text { yrs } & \begin{array}{l}12 \% \\\text { Semiannually }\end{array} & \text { A } & \text { B } & \text { C } & \text { D } \\\hline\end{array}

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Definitions:

Adjustment For Supplies

An accounting entry made to account for the change in the supplies' value over a certain period, ensuring the correct expense is recognized.

Recorded The Adjustment

The process of making entries to correct accounts or to account for transactions that have been missed in the financial records.

Subsidiary Ledger

A detailed ledger that supports and breaks down the information summarized in a general ledger.

Paid For Equipment

Refers to the cash outflow for the purchase of equipment, considered a capital expenditure in accounting.

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