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Falmouth City owns and operates a mini-bus system which it accounts for in an enterprise fund. Prepare journal entries to record the following transactions, which occurred in a recent year within Microsoft Excel. The mini-bus system issued $5 million of 8 percent revenue bonds at par and used the proceeds to acquire new mini-buses. As required by the bond covenant, the system set aside 1 percent of the gross bond proceeds for repair contingencies. The system accrued 6 months interest on the revenue bonds at year-end. The system incurred $30,000 of repair costs and paid for them with cash set aside for repair contingencies.
please help me with these problems merry -go -around mgr a clothing retailer located primarily in shopping malls was
in a crecent period 13000 units were produced and there was a favorable labor efficiency variance of 23000. if 40000
the following expenditures relating to plant assets were made by devereaux company during the first 2 months of 2014.
For the current year, Maple Corporation, a C corporation, reports taxable income of $200,000 before paying salary to its sole shareholder, Diane.
BRN Corporation has two divisions: California and Nevada. Both divisions have the same basic chart of accounts, which numbers current assets in the 100s, plant assets in the 200s, and so on. BRN differentiates them with an appended "C" or "N"..
Focus on the Case Study sections VIII-XV, pp. 20-39 and use your knowledge of the Motiwalla & Thompson textbook, chapters 5-9 inclusive and at least 6 academically sound external sources, to develop your report.
Prepare journal entry to record the issuance of the bonds and the related bond issue costs incurred January 1, 2009. Prepare a bond ammortization schedule up to and including January 1, 2013 using effective interest method
Accountants who have accounting degrees
For which of the segments would information have to be disclosed in accordance with professional pronouncements? A. Segments A, B, C, and D b. Segments A, B, and C c. Segments A and B d. Segments A and D 57. In January 2011, Post, Inc.
bronze corporation has the following information month budgeted sales may 46000 june 50000 july 52000 august 48000 the
Prepare the necessary journal entry to closed the overhead account if the balance is considered immaterial.
On July 2, 2010, Tobias declared a 15 percent stock dividend to be distributed on August 6, 2010, to shareholders of record on July 16, 2010. What amount of retained earnings should be transferred to contributed capital because of this dividend?
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