Mary purchased a home in year 1 for $200,000. she made a 20-percent down payment and financed the rest with a 15 year loan at six percent. in year 1, she took out a $20,000 home equity loan and used the proceeds to go on a trip around the world. in year 2, her interest payments were $9,600 on her mortgage and $1,400 on her home equity loan. what amount can she deduct in year 2 as an itemized deduction?

Following are the transactions for valdez services. the company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. the company paid $1,200 cash for the just completed two-week salary of the receptionist. the company paid $39,000 cash for equipment purchased. the company paid $800 cash for this month’s utilities. the company paid $4,500 cash in dividends to the owner (sole shareholder). examine the above transactions and identify those that create expenses for valdez services. prepare general journal entries to record those transactions that created expenses in the above given order.

The revenues of a company increased by 39% in year one and decreased 22% in year two. what is the overall change over the two-year period?

What has caroline's payment history been like? support your answer with two examples