Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Listed below are the transactions of The Wake Up Call Coffee Inc. for the month of September,2012. ??? Sept 1 ? ? Shareholders of Wake Up Call Coffee Inc. invest additional $30,000 cash. 1 Borrows $30,000 from Bank of America. Interest is paid on a semi-annual basis. ? 2 ? Purchases equipment on account from Chicory Co. for $ 15,280. 3 Pays annual rent for office space of $12,000. ? 3 ? Prepays advertising expense of $2,400. The contract provides for 6 month advertising. 4 Employs a receptionist. ? 5 Purchases supplies for cash, $600 ? 8 Receives cash of $1,690 from clients for services performed. ? 10 ? Pays miscellaneous office expenses, $430 14 Bills clients $3,820 for services performed. ? 18 ? Pays Chicory Co. on account, $3,600. 20 ? Receives $980 from clients on account. 23 Receives $500 from clients in advance. Coffee catering service will be performed next month. ? 25 ? Bills customers $2,110 for services performed. ??30 ?Pays the following expenses in cash: Salaries and wages $1,800; miscellaneous office expenses $85. First part of cycle problem a. Journalize the transactions above and post them to the appropriate general ledger accounts . You may set up additional T-accounts as appropriate.
What is meant by setting a preliminary judgment about materiality? What are the most important factors affecting preliminary judgment on materiality?
experts state that consumer behavior and marketing go hand-in-hand. do you agree that consumer behavior is essential to
The IRS can impose intermediate sanctions on a public charity if its gross unrelated business income exceeds 50% of its gross income, or if less than two-thirds of its net unrelated business income is used in carrying out its tax-exempt mission. ..
greater corporation acquired all of the stock of lesser corporation in 2009 and the entities have filed a state and
The board of directors declared and paid a $2,000 dividend in 2009. In 2010, $12,000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2010?
On January 1,2010, Peach Company issued 1,500 of its $20 par value common shares with a fair value of $60 per share in exchange for the 2,000 outstanding common shares of Swartz Company in a purchase transaction. Registration costs amounted to $1,..
Sun estimates the fair value of the recourse liability at $100,000. What would be recorded as a gain (loss) on the transfer of receivables?
The financial statements of the Nelson Manufacturing Company reports net sales of $500,000 and accounts receivable of $50,000 and $30,000 at the beginning of the year and end of year, respectively. What is the receivables turnover ratio for Nelson..
A company expected its annual overhead costs to be $ 600000 and direct labor costs to be $ 1000000. Actual overhead was $ 580000 and actual labor costs totaled $ 1100000. how much is the company's predetermined overhead rate to the nearest rent?
What are the dividends received bu the preferred stockholders in 2011?
assume that you are a manager and you have three potential capital investment projects to choose from. funds are
If 30,000 units of the part are normally purchased during the year but could be manufactured using unused capacity, what would be the amount of differential cost increase or decrease from making the part rather than purchasing it?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd