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On August 1, 2010, Pereira Corporation has ready for sale 2,000 Wiglow instruments. During the next 5 months, 1,600 Wiglows are sold at $460 each with a one year warranty. Pereira estimates that the warranty cost on each Wiglow will probably average $10 per unit. In this period, Pereira incurred warranty costs of $9,200. Costs for 2011 were $7,000.Required:1. Prepare the journal entries for the preceding transactions, using the sales warranty accrual method.2. Show how the items would be reported on the December 31, 2010 balance sheet.
heathrow issues 1600000 of 9 15-year bonds dated january 1 2011 that pay interest semiannually on june 30 and december
on july 25 2010 karen who is single gives stock with a fmv of 7500 and a basis of 8000 to bill. karen had purchased the
pacific products inc. completed and transferred 55000 particle board units of production from the pressing department.
Focus on the Case Study sections VIII-XV, pp. 20-39 and use your knowledge of the Motiwalla & Thompson textbook, chapters 5-9 inclusive and at least 6 academically sound external sources, to develop your report.
you are purchasing a car for 24700 and you obtain financing as follows 2470 down payment 6 interest semiannual payments
Prepare schedules for expected collections from customers and expected payments for direct materials purchases - prepare a cash budget for January and February in columnar form.
bright spark ltd is a manufacture of the electrical switches and uses a standard costing system. the standard
You have a client considering plans for transferring her wealth over the next five to ten years. Given the uncertainty in this area of the tax code, what are some key factors to consider in deciding whether to accelerate transfers into 2012 or del..
valley companys adjusted trial balance on august 31 2013 its fiscal year-end follows.merchandise
use the following information to calculate the liquidity and profitability ratios listed below. round to two decimal
glendo farm supply company manufactures and sells a pesticide called snare. the following data are available for
wrl company operates a snack food center at the hartsfield airport. on january 1 2003 wrl purchased a special
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