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On May16, the cash register tape shows that cash sales are $2,080 and sales tax is $104 for total sales of $2,184. The actual cash in the cash register drawer, after subtracting the amount of change fund is $2,180. Instruction: Prepare the appropriate T-accounts and pass the journal entries for the transaction. Assignment 2 (10 points): On February 28, American Sports Wear writes check No. 567 for $89 to replenish the petty cash fund. The following are the classified account totals.
Instruction: Journalize the business transaction.
the customer service department of grand lakes technologies asked the publications department to prepare a brochure for
1.sunset press has just purchased a new trimming machine that cost 47677. the machine is expected to save 7000 per year
what is the accounting rate of return for a project that is estimated to yield total income of 345000 over three years
melody inherited 1000 shares of corporation zappa stock from her mother who died on march 4 of the current year. her
the following income statement items appeared on the adjusted trial balance of schembri manufacturing corporation for
Norek Corp. owned 70% of the voting common stock of Thelma Co. On January 2, 2006, Thelma sold a parcel of land to Norek. The land had a book value of $32,000 and was sold to Norek for $45,000. Thelma's reported net income for 2006 was $119,000. W..
Companies that use a process-cost accounting system would:
general motors corporation disclosed estimated product warranty payable for comparative years as follows in millions
classification at costs merchandising sector home entertainment center hec operates a large store in san francisco. the
What is an agency relationship, and what are agency costs? How do these concepts apply to your investment in the oil and gas partnership?
in 2008 sales revenue was 120 and net income was 12. 1108 balances were current assets 20 long-term assets 70 current
If the fair value of a held-to-maturity investment declines for a reason that is viewed as "other than temporary" because the company intends to sell the investment:
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