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Presented below are two independent transactions.
(a) St. Pierre Restaurant accepted a Visa card in payment of a $150 lunch bill. The bank charges a 4% fee. What entry should St. Pierre make?
(b) Jamar Company sold its accounts receivable of $60,000.What entry should Jamar make, given a service charge of 3% on the amount of receivables sold?
If the $3,900 cost of a new microcomputer and printer purchased for office use were recorded as a debit to Purchases, what would be the effect of the error on the balance sheet and income statement in the period in which the error was made?
Another company's check was deducted from your company's June bank statement,$500, Bank service charge, $25 What was the bank statement balance on June 30, 20x3?
at the beginning of her current tax year angela purchased a zero-coupon corporate bond at original issue for 46000 with
cupola awning corporation introduced a new line of commercial awnings in 2013 that carry a two-year warranty against
The board of directors declared and paid a $2,000 dividend in 2009. In 2010, $12,000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2010?
following are all of the december 31 2014 balance sheet accounts of mccrery companyaccounts
person is considering buying the stock of two home health companies that are similar in all respects except the proportion of earnings paid out in dividends.
Tennison Corporation has two major business segments-Consumer and Commercial. Data for the segment and for the company for May appear below: In addition, common fixed expenses totaled $371,000 and were allocated as follows:
wallach inc. has capitalized computer software costs of 7200000 on its new trenton software package. revenues from 2014
roverplus a pet product superstore is considering pricing a new roverplus labeled dog food. the company will buy the
Distinguish between nominal and effective interest rates. Explain the nature of the $100,000 difference between the face value and the market value of the bonds on January 1
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