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Costanza Company experienced the following events and transactions during July.July 1 Received $3,000 cash in advance of performing work for Vivian Solana.6 Received $7,500 cash in advance of performing work for Iris Haru.12 Completed the job for Solana.18 Received $8,500 cash in advance of performing work for Amina Jordan.27 Completed the job for Haru.31 None of the work for Jordan has been performed.
Requierment:
a. Prepare journal entries (including any adjusting entries as of the end of the month) to record these events using the procedure of initially crediting the Unearned Fees account when payment is received from a customer in advance of performing services.b. Prepare journal entries (including any adjusting entries as of the end of the month) to record these events using the procedure of initially crediting the Fees Earned account when payment is received from a customer in advance of performing services.c. Under each method, determine the amount of earned fees reported on the income statement for July and the amount of unearned fees reported on the balance sheet as of July 31.
You purchase a bond with an invoice price of $1,120. The bond has a coupon rate of 8.5 percent, semi annual coupons, and there are three months to the next coupon date. What is the clean price of the bond?
Comparative income statements at various capacity levels - Analysis of income effects of additional business
The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable and inventories.
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Wissota Co. applies overhead based on direct labor hours. The variable overhead standard is 4 hours at $6 per hour. During February, Wissota Co. spent $56,700 for variable overhead. 9,150 labor hours were used to produce 2,400 units. How much is vari..
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Review your SEC 10-K report and inspect the balance sheet, income statement, and notes to the financial statements. Search for terms such as "Pension" and "Retirement". Relate the topics in our textbook to your company (United Health Group)
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Purpose the bank reconciliation for September 2009 in good form. Purpose the necessary journal entries in the books of Frank Industries as at Septembet 30, 2009 as necessitated by the bank reconciliation.
in 2014 mordica co. issued 300000 of its 500000 authorized shares of 10 par value common at 35 per share. in january
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