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1. Paul Eberly is the owner and operator of You're Great, a motivational consulting business. At the end of its accounting period, December 31, 2009, You're Great has assets of $475,000 and liabilities of $115,000.Using the accounting equation, determine the following amounts:
a. Owner's equity, as of December 31, 2009.
b. Owner's equity, as of December 31, 2010, assuming that assets increased by $90,000 and liabilities increased by $28,000 during 2010.
Someone purchased 320 shares of DNA at 35 3/4 from broker. He charges 1.6% for the transaction. Odd lot carry 1/8 of a dollar brokerage differential.
Perform outside research to determine the kinds of questions Nick could be asking to determine whether or not to grant credit to new customers.
dunbar distribution markets cds of numerous performing artists. at the beginning of march dunbar had in beginning
Prepare journal entries to record the sale, cash collections, and recognition of gross profit (if appropriate) in 2010, 2011, and 2012.
1.You feel that these estimates are very uncertain and that the demand for the item miht grow. Due to this concern, you want to maintain an end of month inventory equal to 50% of each approaching month. You expect to begin May with only 100 units ..
Create a complete amortization schedule for the car, using the information in questions 1 and 2.
Firms realize that in order to make money, they have to invest money. This can be attributed to the information that the firm relies on.
Prepare journal entries to record (a) the copier's sale; (b) the adjustment on December 31, 2015, to recognize the warranty expense; and (c) the repairs that occur in November 2016.
At year end, January 31, 2011, the Prepaid Rent account had an unadjusted balance of $19,500. This amount was paid on February 1, 2010, to pay rent for years 2010, and 2011. Prepare the year-end adjusting entry.
compton company reported the following information on its comparative financial statements sales revenue 24.0 million
do you expect reported income and operating cash flows for a service firm to be close in magnitude? would you answer
Prepare a sales budget for January, February, and March. Prepare a production budget for January, February, and March. Prepare a purchases budget for January, February, and March. Prepare a direct labor budget for January, February, and March.
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