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Preparation of Financial Statements for Dec 31, 2008 with thefollowing info below?
Accounts payable 4170a/r = 5460cash 7420computer equipment 5750design fee revenue 87425furniture 8380interst expense 225J. Apples drawings 25,000note payable 4250office supplies 375office supplies expense 1875rent expense 12000salaries expense 47,400utilities expense 3800
Jones capital at beginning of 2008 was $21,840. noinvestments were made during this year.what should be added to incomestatement, owners equity statement, balance sheet & cash flow?
What form of business organization- proprietorship, partnership or corporation you recommend that natalie, partnership, or corporation- do recommend that natalie use for her business? discuss the benefits and weaknesses of each form and give the r..
Prepare the necessary journal entry to closed the overhead account if the balance is considered immaterial.
Write down the differences between traditional and derivative instruments. Why do companies use derivative instruments? Are derivatives a good investment?
When an income statement shows data for segments of the organization, and data for each segment are added together to get totals for the whole organization:
Harrel Company acquired a patent on an oil extraction technique on January 1, 2010 for $5,000,000. It was expected to have a ten-year life and no residual value. Harrel uses straight-line amortization for patents. On December 31, 2011, the future ..
Define the major problem or problems. Indicate how the problems are related to one another: What has happened to the key players since the events in this case?
When both borrowed an owned funds are mingled int he same account for purposes of categorizing interest expense a repayment of the debt is allocated first to?
Jennie purchased 50 percent of the shares of SJ Corporation, a calendar year S corporation, for $7,000. She also guaranteed a corporate loan of $6,000. For 2011, SJ Corporation had an operating loss of $22,000. What is the amount of SJ Corporation..
Lisa Corporation, a calendar year, accrual basis taxpayer, provides the following information for this year and asks you to prepare Schedule M-1:
Your client, a manufacturer of computer components has experienced slowing demand for its product. Recently, it cut back from three shifts a day to two shifts a day and the company has eliminated the backlog of orders that existed in prior years b..
Accounts of Pioneer Heating Corporation at the end of the first year of operations showed the following balances. In addition, prepaid operating expenses are 4000, and accrued sales commissions payable are $5900. Investment revenue receivable is ..
Prepare journal entries for each of the above transactions. Prepare a partial balance sheet showing the Investments account at December 31, 2002 and 2003.
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