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Question - Otis Company accumulates the following adjustment data at December 31.
1. Services provided but not recorded total $1,420.
2. Supplies of $300 have been used.
3. Utility expenses of $225 are unpaid.
4. Unearned service revenue of $260 is recognized for services performed.
5. Salaries of $800 are unpaid.
6. Prepaid insurance totaling $380 has expired.
Instructions - For each of the above items indicate the following.
(a) Journalize the entry.
The following are a number of values taken from compound interest tables involving the same number of periods and the same rate of interest. Indicate what each of these four values represents.
MAKE THE JOURNAL ENTRIES BIGGER WILL MAKE IN 2014 REGARDING ITS INVESTMENT IN BIG.DON'T FORGET THE ENTRY FOR THE PURCHASE OF BIG AND LET ME KNOW WHAT METHOD (FULL EQUITY, PARTIAL EQUITY OR INITIAL VALUE) YOU ARE USING.
ACC2CRE Corporate Reporting Group Case Study Assignment. Prepare necessary adjusting journal entries for the above events
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Caroline's Candy Corner sells gourmet chocolates. The company buys chocolates in bulk for$5 per pound plus 5% sales tax. Credit terms are 2/10, n/25, and the company always pays promptly to take advantage of the discount. The chocolates are shippe..
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max a cash basis taxpayer had 2100 in state income taxes withheld from his paychecks during the current year. in april
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