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You are believer that new employees should practice their accounting skills before "throwing them into the fire." Therefore, you have listed a series of transactions that require journal entries and updating of T-Accounts.
You know that preparing nonprofit journal entries are easy, so you ask the new employee to
Prepare a financial statement worksheet
Prepare the journal entries that are required at year-end to arrive at a consolidated balance sheet and income statement as of December 31, 2009.
The budget was recorded. It is given for Estimated Revenues for the year in the amount of $325,000, and for Appropriations in the amount of $325,000. A temporary loan of $325,000 was gets from the General Fund.
Purpose the adjusting entry to recognise bad debt expens - Assume the same facts as above except that the Allowance for Doubtful Accounts account had a $500 debit balance before the current year's provision for uncollectible accounts.
Calculate the break-even value in Rands, calculate the income to be expected on sales of R180 000 and calculate the sales revenue required to produce net income of R5 000.
Determine the net present value of the project
Computation of cash balance at the end using given data and Use the following information to calculate the change in the company's cash balance for the year
After the adjusting entry, the December 31, 2005, what is the balance in the Uncollectible Accounts Expense?
An investment of $100,000 promises returns of $40,000 per year for each of the next three years. If taxes are ignored and the required rate of return is 14%, what is net present value of the project?
Journalize these transactions, first on the books of Arnold Drug Stores and second on the books of Gerson Pharmaceuticals. Assume both companies use the periodic inventory system.
What is the real future value of $10,000 which will sit in a savings account for 20 years, earning 4% interest compounded yearly during a period of 4% annual inflation?
Find how much does Bell report as Income from Demers for the year ended 31st December, 2011 and calculate the non-controlling interest of Demers at 31st December, 2011.
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