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Journalize the following transactions in the accounts of Cecena Medical Co., a medical equipment company that uses the direct write-off method of accouting for uncollectible receivables: Feb 13. Sold mechandise on account to Dr. Ben Katz, $120,000. The cost of mechandise sold for $72,000; May 4. Received $90,000 from dr. Ben Katz and wrote off the remainder owed on the sale of Feb 13 asuncollectible. Nov. 19. Reinstated the account of Dr. Ben Katz that had been written off on May 4 and received $30,000 cash in full payment.
what are at least four depreciation methods that are available to a company?what are their similarities and
a manufacturing company has a beginning finished goods inventory of 16200 raw material purchases of 19600 cost of goods
Prepare Harley-Davidson's statement of cash flows for the year ended December 31, 2004.
Emma Grace acquires three machines for $80,000 which have FMVs of $32,000 $28,000 and $20,000 respectively. The delivery cost is $500 and the installation costs amount to $2,500. What is the basis of each machine ?
background informationchris white was a forestry technician who had been searching for several years for a business
Amortizing a net loss for pensions will: A) increase retained earning and increase accumulated other comprehensive income B) decrease retained earning and decrease accumulated other comprehensive income
seagren industries inc. manufactures in separate processes furniture for homes. in each process materials are entered
for perez company variable costs are 68 of sales and fixed costs are 215000.managements net income goal is
since 2005 publicly traded companies in the european union have been required to use ifrs in preparing their
the city of holland issued bonds on august 1 2012. the interest on its bonds is paid from city of holland debt service
A company uses the equity method to account for an investment. This would result in what type of difference and in what type of deferred income tax?
identifying and analyzing financial statement effects of dividends the stockholders equity of kinney company at
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