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Journalize the entries to record the following selected bond investment transactions for Olson Technologies: For all journal entries: If an amount box does not require an entry, leave it blank.
a. Purchased for cash $90,000 of Hart Industries 7% bonds at 100 plus accrued interest of $1,050b. Received first semiannual interest.c. Sold $60,000 of the bonds at 102 plus accrued interest of $750.
barker company has a single product called a zet. the company normally produces and sells 85000 zets each year at a
The following accounts were included on Megan's Style Consultants adjusted trial balance at December 31, 2010: What are total current assets?
What factors within the company or within the economy have affected and are likely to affect the degree of variability
bark company is considering buying a machine for 180000 with an estimated life of 10 years and no salvage value. the
rogers company has total fixed costs of 112000. its product sells for 35 per unit and variable costs amount to 25 per
Provide the journal entry that Sloan should make on December 31, 2004, assuming straight line amortization. Show how the bond liability and the related accounts will appear on the Balance Sheet of Sloan on December 31, 2004.
If depreciation expense is $20,000 and the beginning and ending accumulated depreciation balances are $100,000 and $110,000, respectively, how much cash was paid for depreciation?
roots exteriors produces exterior siding for homes. preparation department begins with wood which is chopped into small
Show how management came up with a cost of $24 per unit for this component - evaluate this cost calculation. Explain why it is or is not appropriate.
the intramural sports club reports sales revenue of 550000. inventory at both the beginning and end of the year totals
assume that ibm leased equipment that was carried at a cost of 150000 to sharon swander company. the term of the lease
Several years ago, Joy acquired a passive activity. Until 2004, the activity was profitable. Joy's at-risk amount at the beginning of 2004 was $300,000. The activity produced losses of $80,000 in 2004, $50,000 in 2005, and $70,000 in 2006; it prod..
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