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a.Received $84,000 cash when issuing 8,400 new common shares. b. Purchased some land by paying $4,000 cash and signing a note payable for $5,500 due in three years. c. Hired a new aesthetician for a salary of $1,400 a month, starting next month. d. NGS purchased a company car for $22,000 cash (list price of $25,000) to assist in running errands for the business. e. Bought and received $950 in supplies for the spa on credit. f. Paid $130 of the amount owed in (e). g. Nicole sold 100 of her own personal shares to Raea Gooding for $700.
Classification of cash flows in to Operating, Investing or Financing activities and Cash Flow Classifications
Prepare journal entries to record these events and transactions. Be sure to indicate the fund-type in which the entry would be made. Prepare a year-end statement of financial position and statement of activities.
The end of year Account Payable is $30,000, and the beginning of year Account Payable is $10,000. If cost of goods sold for the year is $210,000,the amount of cash paid to suppliers is?
the employees cumulative earning for the year prior to this week equal $6,200. the employee's cumulative earnings for the year prior to this week equal $98,700.
BSU Inc. wants to purchase a new machine for $40,000, excluding $1,400 of installation costs. The old machine was bought five years ago and had an expected economic life of 10 years without salvage value. Determine the approximate internal rate of re..
Calculate required sample size. Assume your firm uses the following non statistical formula to determine sample size.
A company is referred to as a diversified company or a conglomerate if it operates in
What is the difference between Accounts payable and Bills payable, Accounts receivable and Bills receivable?
calculation of payment made to vendors.the following balance sheets are provided for victor foodscash and cash
Explain what action should be taken with respect to the supplies budget when the actual enrollment is known. Would your answer to part a be any different if the actual enrollment turned out to be 273 students?
Limon Company uses the chart of accounts shown below. Use the numbers preceding each title to create journal entries for each situation.
Carefully read the annual report and the income and cash-flow statements? 2. Reclassify the expense and income statements by function. ?
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