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On July 15, goods costing $7,000 were sold for $10,000 on account. The customer returned the goods before paying for them. Make the journal entry or entries necessary on the books of the seller to record the return of the goods. Assume that the goods are not damaged and can be resold at their normal selling price. Also assume that the selling company uses a perpetual inventory system.
At the beginning of the machine's sixth year it was recognized the machine had three years of remaining life instead of five and that at the end of the remaining three years its salvage value would be $1,600. Illustrate what amount of depreciatio..
January 5, to record the employer's payroll taxes on the payroll to be paid on January 5. Since it is a new fiscal year, all $675,000 in salaries is subject to unemployment compensation taxes.
My-Best Weight Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 2012, the end of the current fiscal year, the balances of selected accounts from the ledger of My-Best ..
What journal entry could Albuquerque make to recognize the impact of this stock transaction?
williams-santana inc. is a manufacturer of high-tech industrial parts that was initiated in 2001 by two talented
The payment of interest and the related amortization on July 1, 2012, the accrual of interest and the related amortization on December 31, 2012.
moon company uses the variable cost idea of applying the cost-plus approach to product pricing. the costs and expenses
an analysis of goulding inc. disclosed changes in account balances for 2011 and the following supplementary data. from
question victory company uses weighted-average procedure costing to account for its production costs. direct labor is
discusses the major distinctions between business entities and government/non-profit entities, and the impact these distinctions have on financial reporting. Identify two of these distinctions and their impact on financial reporting.
Evaluate amortization for 2013 and prepare the journal entry to record the revaluation of the patent and evaluate amortization for 2014
Prepare comparative (side-by-side) balance sheets and income statements for the first month of BIKE Company for each of the following three alternatives, Revenue is recognized at the time of shipment.
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