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Adjusting Entries: Stephen King, D.D.S. opened a dental practice on January 1, 2010. During the first month of operations the following transactions occurred: Performed services for patients who had dental plan insurance. At January 31, $1,000 of such services was earned but not yet billed to the insurance companies. Salaries were incurred totaling $650 but not paid at month-end. Supplies totaling $600 were purchased on account. Prepare the adjusting entries on January 31. Omit explanations. For each journal entry write Dr. for debit and Cr. for credit.
kelly corporation is considering an investment proposal that requires an initial investment of 150000 in equipment.
The town of Brittainville has two Enterprise Funds- one forits water and wastewater operations. How will the interfund payment be reported on the CableEnterprise Fund's operating statement?
In its income statement for the year ended June 30, 2011, what amount should Blue report as gain before income taxes on disposal of the stock?
determine the amount of money in a savings account at the end of five years given an initial deposit of 3000 and an 8
On december 15, 2010 pascal declared a cash dividend of $2.00 per share to stockholders of recordon december31. The dividend is payyable on january 15 2011 pascal has issued 1,000,000 shares of common stock, of which 50,000 shares are held in trea..
Talmadge Company is acquiring the target Tyler, Inc in a merger. Tyler's market valuation is $6.0 bln , and its equity value on the balance sheet before any adjustments is 3.0 bln.
in 2008 margaret john murphy are married tax payers who file a joint tax return with agi of 25000. during the year they
When designing an information system, the designers are increasingly concerned with the risks associated with technology and information system. Write a memo to the Vice President explaining to him the general nature of risk.
explain why proponents of lifo argue that it provides a better match of revenue and expenses. in what situation would
On January 1, 2010, Garner Corporation purchased 25% of the common stock outstanding of Landon Corporation for $250,000. During 2010, Landon Corporation reported net income of $80,000 and paid cash dividends of $40,000.
jordon company sponsors a defined benefit pension plan. the following information related to the pension plan is
Describe the accounting treatment for discontinued operations. How should an analyst treat discontinued operations?
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