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1.The ledger of Mai Company includes the following accounts with normal balances: D. Mai, Capital $9,000; D. Mai, Withdrawals $800; Services Revenue $13,000; Wages Expense $8,400; and Rent Expense $1,600. Prepare the necessary closing entries from the available information at December 31.
questionsanford companythe sanford company had the following balance sheet as of december 31 20x2. the transactions
The average stockholders' equity was $680,000. What is Thomas Company's return on equity (ROE)?
the mancusco company uses a flexible budget and standard costs to aid planning and control of its machining
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rons hot rod shop follow the revenue recognition principle. ron services a car on july 31. the customer picks up the
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provide three examples of situations in which business ethics play a role in the financial management process. explain
companies usually prepare an adjusting journal entry to accrue warranty expenses. when this is done the warranty
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Make the journal entries to record the following transactions in Hunt Ltd’s records by using perpetual inventory system.
Hill Corp. had 600,000 shares of common stock outstanding on January 1, issued 900,000 shares on July 1, and had income applicable to common stock of $1,050,000 for the year ending December 31, 2010. Earnings per share of common stock for 2010 woul..
assuming a constant mix of 3 units of small for every 1 unit of large. small large total sales 20 30 vc 14 18 total
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