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Prepare budgetary and proprietary journal entries to record the following year end adjustments: 1. An accrual of $ 60,000 was made for salaries earned the last week of September, to be paid in October. Budgetary funds were available for this purpose.2. The agency liability for unused vacation leave increased by $ 40,000 as a result of the year activities. The budget makes no provision for this expense until vacation leave is actually taken.3. The agency discovered that a purchase order for $ 15,000 was inadvertently issued twice for the same thing. Therefore, one of the orders was cancelled.4. The agency recorded depreciation of $ 25,000 on its equipment.
on july 1 2010 spear co. issued 1000 of its 10 1000 bonds at 99 plus accrued interest. the bonds are dated april 1 2010
for a recent year mcdonalds company-owned restaurants had the following sales sales and expenses in millionssales
plummet corporation reported the book value of its net assets at 400000 when zenith corporation acquired 100 percent
how do you record this transaction?may 18 issues 30000 additional shares of 2 common stock for 75 per share.may 25
What other factor might influence the risk of material misstatement in the expenditure cycle?
snake creek company has a trusted employee who as the owner said handles all of the book keeping and paper work for the
Draw a business process model that describes the Beach Dudes sales and collection process. Use either Powerpoint, Visio, or Word. Your model should be similar to Figure 8.5 in the Perry and Newmark Access book (page 327). You can insert your di..
Given the machinery account for 5 years writing off depreciationat 10% on the written down value.
What general internal control weaknesses contributed to this fraud?
gaap offers latitude in determining when revenue is earned. assume that a company that normally required acceptance by
Fraudulent Behavior
question 1nbspa companys warehouse was destroyed by a tornado on march 15. the following information was the only
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