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Prepare adjusting journal entries for the year ended 2/28/15.
1) An audit of cash in bank accounts and on hand reveals that $500 is mission from the company's 20 retail locations. (What does mission mean?)
2) A count of inventory indicated an ending balance of $64,750. Originally: $65,000
3) Dividends of $3000 were declared on investments in marketable securities. These dividends will be received in March 2015. The market value of the marketable securities was $48,000 at 2/28/15.
Evaluate the company's variances and determine whether or not the changes in suppliers and the morale boosting activities appear to be working.Explain why.
BLP Corporation reported wages expense of $224,000, wages payable of $89,400 at the beginning of the year and wages payable of $71,300 at the end of the year. Determine Cash payments for wages during the year
Evaluate annual depreciation for the first and second years using the straight-line method
You purchase a boat fpr $35,000 and pay $5,000 down. You also agree to pay the rest over the next 10 years in10 equal end of the year payments plus 13% compound interest on the unpaid balance. What will be the amount of each payment?
Calculate Oriole Company's effective tax rate. Provide a reconciliation of Oriole Company's effective tax rate with its hypothetical tax rate of 34%.
Prepare the journal entries for Barnes and Noble for the transactions and calculate the gross profit for Barnes and Noble - Calculate ending inventory, cost of merchandise sold and gross profit using the FIFO method.
Calculate the Bottled Water Company's net income for the new product in the coming year by completing the operating budgets and budgeted income statement that fol low
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1 listed below are account balances taken from the adjusted trial balance of alpha inc. as of december 31
calculation of companys average variable cost and its average cost curve.indicate the effect that each of the following
Franklin Co. borrowed $40,000 from a bank on September 30, 2007 and agreed to pay it back in eight months at an interest rate of 15% per year. Calculate the amount of interest expense related to this loan reported in Franklin Co.'s 2008 income statem..
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