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Fargo Company has established a petty cash fund for small expenditures. Prepare journal entries for the following transactions.
April 5
Established a $200 petty cash fund with cash withdrawn from company checking account.
30
The petty cash fund has $10 remaining and is replenished. Expenditures for April were $60 for supplies, $50 for meals, $65 for postage, and $20 for freight-in.
May 31
The petty cash fund has $20 remaining and is replenished. Expenditures for May were $55 for postage, $40 for charitable contributions, $56 for supplies, and $25 for freight-in.
jessica nekton received 150000 from her mothers estate. she placed the funds into the hands of a broker who purchased
The company plans on producing 40,000 units and actually did, Sales totaled 37,000 at $42 each. Costs: The companies variable-costing net income would be:
question 1nbspblue ridge company manufactures a product that sells for 60 per unit. blue ridge incurs a variable cost
Which of the following factors influences the spread between forward and spot rates?
benkarts tire store has fixed costs of 220000. tires sell for 95 each and have a unit variable cost of 45. what is
The risk-free holding period return for the next six month is 4 percent, which corresponds to an 8 percent annual rate.
January 1, 2014 Flip Company purchased 35,000 shares of common stock of Flop Corporation as a long-term investment for $900,000. December 31, 2014, Flop Corporation reported net income of $300,000 and paid dividends of $100,000.
Allocate the total costs between the completed chips and the chips in ending inventory.
weinberg canning produces fillets smoked salmon and salmon remnants in a single process. the same amount of disposal
Red Corporation, a calendar year taxpayer, has taxable income of $600,000. Among its transactions for the year are the following:
Smith Electronics manufactures portable CD players. Lillian Perez, the VP of operations at Smith Electronics, is considering a major capital investment decision.
examine the following book-value balance sheet for university products inc. the preferred stock currently sells for 15
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