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1. The following selected transactions were completed by Alcor Co., a supplier of VelcroTM for clothing: 2009
Dec. 13. Received from Penick Clothing & Bags Co., on account, an $84,000, 90-day, 9% note dated December 13.
31. Recorded an adjusting entry for accrued interest on the note of December 13.
31. Recorded the closing entry for interest revenue. 2010
Mar. 12. Received payment of note and interest from Penick Clothing & Bags Co. Journalize the transactions.
a data of an small scale business are given as sales 500000 ratio profit volume 50 cost fixed 100000. calculate
inventories. the costs of feature films and television programs including production advances to independent producers
Assume that net income for the year was $150,000 (record the closing entry) and the board of directors appropriated $70,000 of retained earnings for plant expansion. Construct the equity section incorporating all the above information.
The maffei company which has only one product has provided the following data concerning its most recent month of operations:
1. given the following information calculate the amount of cash finallly remitted by the customer on feb 212. vaughn
Will the bond proceeds always be greater than the face amount of the bonds when the contract rate is greater than the market rate of interest? Explain.
for several years a number of food lion inc. grocery stores were unprofitable. the company closed and continues to
in its first month of operations quirk company made three purchases of merchandise in the following sequence 1 300
A cpa firm has audited the financial statements included in a form s-1 filed with the sec under the securities act of 1993. shortly thereafter, the company went bankrupt and a class action lawsuit was filed by the initial investors against the cpa..
By outsourcing overseas, a company can reduce costs but must also take certain risks. Global supply chains are exposed to more risk today than ever before.
The city should make regarding this event when it closes its General Fund books for fiscal year 2013. To support your answer state the principle that governs the accounting for this event in the General Fund.
gertrude and gerald are the general partners of a limited liability partnership called real estate development ltd.
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