File Edit View History Bookmarks Profiles Tabestion 4 - Proctoring Enable Xgetproctorio.com/secured #lockdownctoring Enabled: Chapter 6 Homework Assignm... i4SkippedMcrawlillF2Req 1CUNY LoginRequired:1. How many performance obligations are in this contract?2. to 4. Prepare the journal entry Barrick Gold would record on March 1, March 30, and April 1.View transaction listComplete this question by entering your answers in the tabs below.Journal entry worksheet<Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. It isheadquartered in Toronto, Ontario, Canada. On March 1, 2024, Barrick Gold receives $150,000 from Citizen Bank and promises todeliver 95 units of certified 1-ounce gold bars on a future date. The contract states that ownership passes to the bank when BarrickGold delivers the products to Brink's, a third-party carrier. In addition, Barrick Gold has agreed to provide a replacement shipment at noadditional cost if the product is lost in transit. The stand-alone price of a gold bar is $1,520 per unit, and Barrick Gold estimates thestand-alone price of the replacement insurance service to be $80 per unit. Brink's picked up the gold bars from Barrick Gold on March30, and delivery to the bank occurred on April 1.17 W23Req 2 to 4Prepare the journal entry Gold Examiner would record on March 1, March 30, and April 1.Note: Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in thefirst account field. Round your final answers to the nearest whole dollar amount.Note: Enter debits before credits.3Record the receipt of cash by Gold Examiner.EWindow HelpXC$4NY.gov ID Login V4RSaved%5< PrevAudiT4 of 5G Search or type URLXwww6Cases & Protection - Mac Acc XMacBook ProY&7>Next >U*008C(Help920)Save & Exit026%* File Edit View History Bookmarks Profilesestion 4 - Proctoring Enable Xgetproctorio.com/secured#lockdownctoring Enabled: Chapter 6 Homework Assignm... i4kippedicraw511FCUNY Login2Req 1Req 2 to 4#3Complete this question by entering your answers in the tabs below.сTabHow many performance obligations are in this contract?Number of performance obligations$Window HelpstX4Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. It isheadquartered in Toronto, Ontario, Canada. On March 1, 2024, Barrick Gold receives $150,000 from Citizen Bank and promises todeliver 95 units of certified 1-ounce gold bars on a future date. The contract states that ownership passes to the bank when BarrickGold delivers the products to Brink's, a third-party carrier. In addition, Barrick Gold has agreed to provide a replacement shipment at noadditional cost if the product is lost in transit. The stand-alone price of a gold bar is $1,520 per unit, and Barrick Gold estimates thestand-alone price of the replacement insurance service to be $80 per unit. Brink's picked up the gold bars from Barrick Gold on March30, and delivery to the bank occurred on April 1.Required:1. How many performance obligations are in this contract?2. to 4. Prepare the journal entry Barrick Gold would record on March 1, March 30, and April 1.NY.gov ID Login V4< Req 1Saved< Prev%54 of 5Req 2 to 4 >^G Search or type URL6wwwXMacBook Pro87&7DJONA MEDIACases & Protection - Mac Acc XNext >8(+9Helpx*Save & Exit)26% D0Q Q Q 0☐ aSubmitVC

Journal Entry :— It is an act of recording transaction in books of account when transaction…

File Edit View History Bookmarks Profiles estion 4 - Proctoring Enable X CUNY Login getproctorio.com/secured #lockdown ctoring Enabled: Chapter 6 Homework Assignm... 4 Skipped Mc Req 1 Complete this question by entering your answers in the tabs below. View transaction list Required: 1. How many performance obligations are in this contract? 2. to 4. Prepare the journal entry Barrick Gold would record on March 1, March 30, and April 1. Journal entry worksheet < X Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. It is headquartered in Toronto, Ontario, Canada. On March 1, 2024, Barrick Gold receives $150,000 from Citizen Bank and promises to deliver 95 units of certified 1-ounce gold bars on a future date. The contract states that ownership passes to the bank when Barrick Gold delivers the products to Brink's, a third-party carrier. In addition, Barrick Gold has agreed to provide a replacement shipment at no additional cost if the product is lost in transit. The stand-alone price of a gold bar is $1,520 per unit, and Barrick Gold estimates the stand-alone price of the replacement insurance service to be $80 per unit. Brink's picked up the gold bars from Barrick Gold on March 30, and delivery to the bank occurred on April 1. 1 2 NY.gov ID Login V4 Req 2 to 4 Prepare the journal entry Gold Examiner would record on March 1, March 30, and April 1. Note: Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to the nearest whole dollar amount. 3 Saved Record the receipt of cash by Gold Examiner. Note: Enter debits before credits. X Cases & Protection - Mac Acci X + Help Save & Exit € 0

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q