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Derek Company gathered the following reconciling information in preparing its September bank reconciliation: Cash balance per books, 9/30 $2,750 Deposits in transit 200 Notes receivable and interest collected by bank 630 Bank charge for check printing 30 Outstanding checks 1,250 NSF check 190 The adjusted cash balance per books on September 30.
rikki company received proceeds of 188000 on 10-year 6 bonds issued on january 1 2014. the bonds had a face value of
frisch fish corp expects net income next year to be 599000. inventory and accounts receivable will have to be increased
Please indicate the journal entry to be made to record the transaction. Make sure that depreciation entries are made to update the book value of the machine prior to its disposal.
On April 1, 2005, Hofiani Company purchased a one year insurance policy for $3,600. What was the journal entry which Hofiani Company made on April 1, 2005?
Sears issues bonds with a par value of $138,000 on January 1, 2009. The bond' annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance..
Make the necessary adjusting journal entries at December 31, 2007, and December 31, 2008 to record depreciation for each year under the following depreciation methods: (a.) Straight-line. (b.) Double-declining-balance
addison inc. made a 20000 sale on account with the following terms 210 n30. if the company uses the net method to
verkamp corporation has two divisions the ydi division and the qcc division. the corporations net operating income is
on january 1 2011 climax corporation signed a 10000000 6 10-year mortgage note to finance the construction of its new
On January 1 , 2011 , Paxton Company purchased a 70% interest in Sagon Company for $1,300,000, at which time Sagon Company had retained earnings of $500,000 and capital stock of $1,000,000.
on march 25 2014 patton company sold merchandise on account10000. the applicable sales tax percentage is 8.5. record
go to the aicpas website www.aicpa.org. under the research tab click on standards. on the standards page click the code
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