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Financial Accounting
1) Please make entries , t accounts, trial balance , balance sheet and income statement for the following:
Bought a car for 1000Sold services for 50000Paid rent for 1000Took a loan for cash 1000Sold items on account receivable for 500
Got paid 100 on the accts receivable
2) You have the following accounts receivable balances
30 days due 1000 rate of uncollectible is 10%31-60 days due 2000 rate of uncollectible is 20%61-90 days due 4000 rate of uncollectible is 30%
Make the bad debt and uncollectible contra acct entry
3) You have a 100000 building that has a useful life of 10 years and a salvage value of 1000 what is the yearly depreciation entry?
Compute the accounts receivable and inventory turnover ratios for 19X5. Alaska rounds all calculations to two decimal places.
Calculate the dividend cover (or its reciprocal, the payout ratio) as of end-April 2002 for each of the three companies.
If Soule Company had net income of $585,000 in 2011 and it experienced a 30% increase in net income over 2010, what was its 2010 net income?
The Lake Company has provided the following account balances: Cash $76,000; Short-term investments $8,000. What is Lake's current ratio?
Barger Company had the following information at December 31: Finished goods inventory, January 1 $90,000 Finished goods inventory, December 31 126,000 If the cost of goods manufactured during the year amounted to $1,995,000 and annual sales were $2,9..
Find the beginning balance per the books and what is the total amount of outstanding checks
on june 15 2011 sanderson construction entered into a long-term construction contract to build a baseball stadium in
Will corporations obtain a greater charitable contribution deduction for the current year by filing a consolidated tax return or separate tax returns?
Hasson Services, Inc.'s trial balance at the end of July 2014 follows. It does not balance because of a number of errors. Prepare a corrected trial balance for Hasson Services, Inc.
Determine the value of the inventory at the lower of cost or market.
explain cash receipt versus revenuescash receipts versus revenues during the month of april. simpson co. had cash
The firm was authorized to issue 85000 shares of $5 par common stock. During 2011, Doe had the following transactions relating to shareholders equity: Illustrate w hat is total paid-in capital at the end of 2011?
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