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Ellen Falk Hospital, a not for profit hospital, had the following transactions during the year ended December 31, 2012. Prepare journal entries necessary to record the transactions. The hospital does not use fund accounting.1. Joe Joseph, a high school senior, donated his services to the hospital for an entire summer, serving food to patients and performing general tasks. If paid for, these services would have cost the hospital $ 8,000.2. D. Bean donated $ 20,000 to the hospital, stipulating that the resources be used only to resurface its parking lot, a maintenance function that the hospital performs every 3 years.3. The hospital used D. Bean donation for the stipulated purpose.4. J. Blythe estate donated $ 500,000 to the hospital to help pay for new MRI equipment.5. The hospital used J. Blythe donation for new MRI equipment.
a. cardons winterized cleaned and covered three boats for customers at the end of november but did not record the
partners a b c amp d form a medical equipment leasing biz. on 1108 each partner contributed 20k. the partnership
he final paper will be based on appendix 6c illustrative audit case keystone computers at pages 237-244 in your text.
The human resources department costs are allocated using the direct method and based on the number of employees, and the total amount of costs for the department is $187,000.
Financial Performance Analysis Select a company and analyze the company’s financial performance, highlighting accounting principles and methods learned in this course. This project requires you to present, review, and analyze the organization’s publi..
The machine will have a 5-year life, at which time the terminal disposal value is expected to be $20,000. Upper Darby Park Department is assuming no tax consequences. If Upper Darby Park Department has a required rate of return of 10%, which of th..
Make the journal entry necessary to record the following transaction: Sold land that had an original cost of $50,000. Received $40,000 cash. Also received a piece of equipment with a fair value of $75,000.
jason and daniel are forming the jd partnership. jason contributes 300000 cash and daniel contributes nondepreciable
if an investment of 10000 has an investmentinflow ratio of 6.2 and a useful life of 12 years. what is the annual cash
1. in december 2011 marvin simpson worked for longville flower and earned 5000 federal income tax withholding is 15.
newcar.com inc. an innovative internet-based automobile retailer based in ghana is beginning to seek customers in the
cortino company is planning to add a new product to its line. to manufacture this product the company needs to buy a
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