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Assume that on December 1, 2013, your company borrowed $15,000, a portion of which is to be repaid each year on November 30. Specifically, your company will make the following principal payments: 2014, $2,000; 2015, $3,000; 2016, $4,000; and 2017, $6,000. Show how this loan will be reported in the December 31, 2014 and 2013 balance sheets, assuming that principal payments will be made when required.
bagodonuts company bought a used delivery truck on jan 1 2010 for 19200. the fan was expecetd to remain in service 4
spring fresh produces premium bottled water. spring fresh purchases artesian water stores the water in large tanks and
cassidy manning is assistant controller at lemar packaging inc. a manufacturer of cardboard boxes and other packaging
Read the case study at the end of Chapter and the case study at the end of Chapter, and thoroughly answer all the following questions. Supplement your answers with scholarly research using the Ashford Online Library. Each case study should be addr..
the cash account for online medical co. at june 30 2012 indicated a balance of 9375. the bank statement indicated a
on june 5 belen corporation reacquired 3300 shares of its common stock at 45 per share. on july 15 belen sold 2000 of
a company has sales of 1500000 sales discounts of 102000 sales returns and allowances of 123000 shipping charges of
larsen realty corporation purchased a tract of unimproved land for 51000. this land was improved and subdivided into
Sampson Company's accounting records show the following at the year ending on December 31, 2010. Using the periodic system, the cost of goods sold is:
The City of Pebble Beach gives the company 5 acres of land as a plant site. The market value of this land is determined to be $81,000.
During 2014, Olson recorded $80,000 of sales on credit and wrote off $4,000 of uncollectible accounts.. Determine the amount of cash collected during 2014 from sales on credit. Determine the amount of bad debts expense for 2014.
Respond to the following independent issues concerning the capital stock of corporations in your initial post:
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