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Orange Co. sold Red Co. merchandise on account FOB shipping point, 1/10, net 30, for $11,021. Orange Co. prepaid the $295 shipping charge. Using the perpetual inventory method, which of the following entries will Red Co. make if Red Co. pays within the discount period?
1.katie enterprises reports the year-end information from 20x8 as follows sales 70000 units 560000 cost of goods sold
Cal Ruther, an employer, is subject to FICA taxes but exempt from FUTA and SUTA taxes. During the last quarter of the year, his employees earned monthly wages of $8,500, all of which is taxable. The amount of federal income taxes withheld each mon..
what are the components of an amortization schedule for a bond? what is the difference in amortization schedules
company has no beginning and ending inventories and reports the following information aboutits only product direct
What amount should Munoz report as its current federal income tax liability on its December 31, 2011 balance sheet?
corporation acquired equipment for 260000. the estimated life of the equipment is 5 years or 40000 hours. the estimated
xyz company sold 30000 units last month and sales totaled 1500000 usd. total variable monthly expenses were 600000 and
Compute the ending balance in the Work in Process inventory account. Assume that this balance consists entirely of goods started during the year. If $32,200 of this balance is direct materials cost, how much of it is direct labor cost? Manufacturi..
abc ltd issued a bond with face value of n1 000 with a coupon rate of 12 per annum. coupon is paid annually. the
Prepare journal entries to record the following four separate issuances of stock.
werner chemical inc leased a protein analyzer on 30th september 2013. the five-year lease agreement calls for werner to
earnings per share eps is the most featured single financial statistic about modern corporations. daily published
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