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Customer A owes XYZ Corp. $524. XYZ determines that the total amount is uncollectible and writes off all of Customer A's debt. Customer A later pays $260 to XYZ Corp.
Required:
Make the appropriate journal entries (if any) to record the receipt of the $260 by XYZ Corp. assuming XYZ uses the allowance method.
three years ago a machine was purchased for 5000. assuming a ten-year life and straight line depreciation with a no
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A company had gross profit of $134,200 on net sales of $205,000. If ending inventory was $8,000 and average inventory was $7,080, what is the company's inventory turnover.
Bjorn owns a 40% interest in an S corporation that earned $150,000 in 2008. He also owns 30% of the stock in a C corporation that earned $150,000 during the year. The S corporation distributed $35,000 to Bjorn and the C corporation paid dividends ..
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nbspgreetings inc. has 1500 stores throughout the united stateslocated in high-traffic malls.companys president in 2008
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