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Prepare the following journal entries in the Bid Deposits Fund, an Agency Fund. This fund is used to record all deposits made by contractors doing work for the city. Any earnings on these resources are required to be paid to the depositing companies.1. Deposits totaling $ 750,000 were received.2. The amount in the previous entry was invested in CDs.3. Income from the investments totaling $ 70,000 was received.4. Deposits of $ 93,750 were returned to contractors upon successful completion of the projects on which they had been working. In addition, these contractors received $ 8,750 of earnings on their deposits.5. The books were closed for the year.
equipment was purchased for 17000 on january 1 2010. freight charges amounted to 700 and there was a cost of 2000 for
on march 1 2010 ruiz corporation issued 800000 of 8 nonconvertible bonds at 104 which are due on february 28 2030. in
The bonds were quoted at 94 and pay interest quarterly on September 30th and December 31st. What were the total proceeds of the bond issue at the time of sale?
astro co. sold 19700 units of its only product and incurred a 59290 loss ignoring taxes for the current year as shown
kim johnson purchased an asset for 75500. annual operating cash inflows are expected to be 30000 each year for four
graz school district accepts donations that are used to provide awards to graduating seniors. record the following
Turner corporation acquired two inventory items at a lump-sum cost 0f $50,000. the acquisition included 3,000 units of product jt, and 7000 units of product b2. jt normally sells for $15 per unit, and b2 for $5 per unit. if tuner sells 1,000 units..
how would you paraphrase the definition of equilibrium price?equilibrium price occurs when supply and demand quantities
The balances in Salza Company's capital stock and retained earnings account on the date of acquisition were $1,200,000 and $600,000 respectively.
Assume the equity method is applied. Compute Bell's income from Demers for the year ended December 31, 2008.
moran company had 155400 of net income in 2012 when the selling price per unit was 160 the variable costs per unit
What are the two techniques used to convert trial balances from foreign currencies in U.S. dollars? Explain the situations when you would employ each metod.
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