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1. On January 10, 2010, Edmunds Co. sold merchandise on account to Jeff Gallup for $13,600, n/30. On February 9, Jeff Gallup gave Edmunds Co. a 10% promissory note in settlement of this account. Prepare the journal entry to record the sale and the settlement of the account receivable.
On August 1, 2011, Hampton Construction received a 9 percent, six-month note receivable from Dusty Roads, one of Hampton Construction's problem credit customers. Roads had owed $36,000 on an outstanding account receivable. The note receivable was ..
1 which of the following statements is true? a. publicly traded u.s. companies must provide an annual report to their
Bleeker Company has the following merchandise account balances: Sales $223,570, Sales Discounts $4,450, Cost of Goods Sold $136,650, and Merchandise Inventory $52,980. Prepare the entries to record the closing of these items to Income Summary.
Elliott Corp failed to record accrued salaries for 2009, $2,000; 2010, $2,100; and 2011, $3,900 what is the amount of the overstatement or understatement of Retained Earnings at December 31, 2012?
assume that at january 1 2014 the carrying amount of the patent on celine dions books is 43200. in january celine dion
the following information relates to vice versa ventures for calendar year 20xx the companys first year of operations
What is the FASB Codification System and what is its purpose? What are the nine content areas located in the FASB Codification System? What types of items are located under each content area?
compute the roi for each department. use the dupont method to analyze the return on sales and capital turnover. round
What is the maximum revenue per year, how many medical patients/year are there, and how many surgical patients/year are there? How many medical beds and how many surgical beds of the 90-bed addition should be added?
Calculate the net realizable value of Jantz's accounts receivable after the above two transactions have been recorded.
Compute the amount and percentage changes in 2012 using horizontal analysis, assuming 2011 is the base year.
if variable cost of goods sold totaled 80000 for the year 16000 units at 5.00 each and the planned variable cost of
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