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Prepare closing entries given the following abstract of accounts from the general ledger.
Debits
Credits
Revenues
$100,000
Interest Income
1,100
Wages & Salaries
$40,000
Utilities
6,500
Insurance
5,000
Rent
20,000
Telephone
12,000
Dividends
the following is the statement of financial position of tt ltd. at the end of the first year of tradingstatement of
The board of directors declared and paid a $3,000 dividend in 2009. In 2010, $15,000 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2010?
the preliminary 2013 income statement of alexian systems inc. is presented belowalexian systems inc. income statement
1- Explain the difference between Active Portfolio Management and Passive Management. 2- Briefly describe the four components of a business cycle.
tinbergen cans expects sales next year to be 50000000. inventory and accounts receivable combined will increase 8000000
On January 1, 2010, West Co. exchanged equipment for a $400,000 zero-interest-bearing note due on January 1, 2013. The prevailing rate of interest for a note of this type at January 1, 2010 was 10%. The present value of $1 at 10% for three periods..
Prepare the entries to record sales and collections during the period. Prepare the entry to record the write-off of uncollectible accounts during the period. Prepare the entries to record the recovery of the uncollectible account during the period.
This week, Airbus announced it was building new plant in Alabama. Can you aid me in answering the following questions based on information in conjunction with Foreign Direct Investment.
Carl applies for fire insurance for his house. Before the application is processed, Carl's house burns down. Carl will have coverage if the insurance company
Olga's sole proprietorship earned a net profit of $95,000 during the year and she withdrew $70,000 of this profit. Olga must report $70,000 net income from the sole proprietorship on her individual income tax return (form 1040).
Phil Keogan is considering a bid for the hotdog and softdrink concession at the 14 basketball games for the Cagayan Unigames. There will be seven college games and seven professional games.
A company paid $500,000 for 12% bonds with a par value of $500,000. The bonds pay 6% interest semiannually on September 1 and March 1. The company intends to hold the bonds until they mature. Prepare the journal entries for the following dates and..
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