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In recording 400 fees earned on account during a single month, how many times will it be necessary to write Fees Earned (a) if each transaction, including fees earned, is recorded individually in a two-column general journal; (b) if each transaction for fees earned is recorded in a revenue journal?
You have been hired as an executive director of a small nonprofit organization. Among your many duties are to determine an annual budget and develop a fiscal plan for the organization.
Prepare a trial balance as of May 31, 2007 for Wells Consultant Services. Assuming that supplies expense (which has not been recorded) amounts to $1,000 for May/
deng company issued 566000 of 5-year 8 bonds at 97 on january 1 2011. the bonds pay interest twice a year.prepare the
video world operates a retail store that rents movie videos. for each of the last 10 years video world has consistently
a firm acquires a machine for 177600. it expects the machine to last six years. estimated salvage value is 9600 at the
during the period teens trends sold some excess equipment at a loss. the following information was collected from the
If he were to receive an equal salary at the end of each of the 5 years from 2009 to 2014, what would his equivalent annual salary be!
Peg sold a machine this year for $48,000. Peg purchased the same machine for $53,000 a couple years ago and claimed a total of $11,500 of depreciation expense on the machine. What's the amount and character of the gain or loss?
assume that you open a 100 share short position in jiffy inc. common stock at the bid-ask prices of 32.00 - 32.50. when
waco company was started on january 1 2011 when it issued common stock for 15000 cash. also on january 1 2011 the
issued a 8000000 of 10 year 7 bonds at 110 withinterest paid semiannually.record the payment of semiannual interset on
there were 6000 units in beginning inventory. during the year the company manufactured 60000 units and sold 63500
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