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Journalize the following merchandise transactions. Refer to the Chart of Accounts for exact wording of account titles.
Mar.
1
Sold merchandise on account, $72,500 with terms 2/10, n/30. The cost of the merchandise sold was $43,500.
9
Received payment less the discount.
Penn accordingly accounted for this lease transaction as a capital lease. The lease payments were determined to have a present value of $671,008 at an effective interest rate of 8%. With respect to this capitalized lease, Penn should record for 20..
jim wayman is considering opening a kwik oil change center. he estimates that the following costs will be incurred
selling general and administrative expenses were 169400 net sales were 770000 interest expense was 18500 research and
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There was no beginning inventory. If the company uses the last-in, first-out method and the perpetual system, what would be the cost of the ending inventory?
In what ways are Weber's and Fayol's ideas about bureaucracy and administration similar? In what ways do they differ? Which of Weber's and Fayol's principles seem most relevant to the creation of an ethical organization?
prepare the January 1, 2013, reversing entry and the January 16, 2013, cash receipt entry.
you are the assistant financial manager for the florida sale away corporation. the chief financial officer ask to you
evaluate the synergies gained for the company as a result of the business combination and how the combined business is better positioned to compete in the global marketplace.
the standards for direct labor for a product are 6 hours at 5 per hour. last month 9300 units of the product were made
maria alvarez a beginning accounting student believes debit balances are favorable and credit balances are unfavorable.
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