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From the following alphabetical list of account balances, all of which are normal, for Kasper Company on July 31, 2010, prepare a trial balance in proper form (accounts in chart of accounts order)
Accts Payable:$500
Accts Rec:200
Cash:80
Equipment:700
Common Stock:100
Retained Earnings:50
Prepaid Advertising:20
Revenue Earned:400
Wages Expense:70
Wages Payable:50
Dividends:30
on august 31 kravsnik company receives its bank statement. the company deposits its receipts in the bank and makes all
What account(s) and balances should be reported on the 2011 income statement? (2) What account(s) and balances should be reported on the December 31, 2011 balance sheet?
Sidney purchased land in 2004 for $35,000 that she held as a capital asset. This year, she contributed the land to the Boy Scouts of America for use as a site for a summer camp. The market value of the land at the date of contribution is $40,000. ..
What is the effect of this error on the accounting equation - what is the ending balance in stockholders equity
Zio Pty Ltd (Zio) was registered in 2006. Angus and Max are its only shareholders and directors. Zio's constitution provides that Clare is to be Zio's solicitor. Clare is Max's wife, but after marriage difficulties they have recently separated.
Mary is an employee of Robert's CPA business who has earned a $50,000 bonus. GR Systems pays Mary $50,000 and also issues Mary Form 1099-Misc. How much gross income is reported by Robert? By Mary?
equipment acquired at a cost of 126000 and has a book value of 42000.nbsp journalize the disposal of equipment under
sally can work up to 3120 hours each year a busy social life and sleep take up the remaining time. she earns a fixed
Elsie Dairy Products Corp. buys one input, full-cream milk, and refines it in a churning process. Allocate the $31,680 joint cost to the spreadable butter and the buttermilk using the following (show work):
On June 1 capian company borrows $90,000 from first bank on a 6 month $90,000, 12% note. Prepare the entry for june 1; prepare the adjusting entry for june 30; prepare the entry at maturity (december1), assuming monthly adjustment entries have bee..
The Abbott Corporation sells merchandise on the installment basis, and the uncertainties of cash collection make the use of the installment sales method of accounting acceptable. The following data relate to two years of operations.
K2 Corporation has assets of $1.35 million, common stock of $351,000, and retained earnings of $214,000. What are the creditors' claims on their assets?
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