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On December 28, 2013, Videotech Corporation (VTC) purchased 12 units of a new satellite uplink system from Tristar Communications for $30,000 each. The terms of each sale were 2/10, n/30. VTC uses the net method to account for purchase discounts and a perpetual inventory system. VTC paid the net-of-discount amount on January 6, 2014. Prepare the necessary journal entries assuming that VTC uses the net method to account for purchase discounts. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.)
on june 30 2013 the esquire company sold some merchandise to a customer for 30000 and agreed to accept as payment a
ales revenue $450,000; Other revenues and gains $50,000; and Operating expenses $75,000. Assuming a corporate tax rate of 30%, prepare an income statement for the company.
susan brauns regular hourly wage rate is 30 and she receives an hourly rate of 45 for work in excess of 40 hours.
K2 Corporation has assets of $1.35 million, common stock of $351,000, and retained earnings of $214,000. What are the creditors' claims on their assets?
a company issues at par 8 bonds with a par value of 153000 on april 1 which is 4 months after the most recent interest
Calculate the company's return on assets for the year 2000.
larry and jessica form the lampj prtnership. larry contributes property with an adjusted basis of 70000 a fair market
given the returns and probabilities for the three possible states listed here calculate the covariance between the
What percentage of istock s needed to have one of her friends elected under the cumulative voting rule? (Do not round intermediate calculations and round your final answer to 2 decimal places.
Describe the key internal control structure policies and procedures related to Grant's property, equipment, and related transactions (additions, transfers, major maintenance and repairs, retirements, and dispositions) that Harris may consider in a..
If he were to receive an equal salary at the end of each of the 5 years from 2009 to 2014, what would his equivalent annual salary be?
comparative balance sheetdecember 31nbspnbspnbsp assetsnbspnbsp 2009nbspnbsp 2008cash 35000 40000short-term
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