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Preparation of Financial Statements for Dec 31, 2008 with thefollowing info below?
Accounts payable 4170a/r = 5460cash 7420computer equipment 5750design fee revenue 87425furniture 8380interst expense 225J. Apples drawings 25,000note payable 4250office supplies 375office supplies expense 1875rent expense 12000salaries expense 47,400utilities expense 3800
Jones capital at beginning of 2008 was $21,840. noinvestments were made during this year.what should be added to incomestatement, owners equity statement, balance sheet & cash flow?
Immediately after the sale, the seller paid off the loan to TrustOne Bank. What is the effect of the sale and the payoff of the loan on the accounting equation?
The revenue principle states that revenue should be recognized at a point when:
The Polk stock was purchased for $5 per share. Market value was $10 per share on the declaration date and $11 per share on the distribution date. What is the amount of the dividend?
In August direct labor was 60% of conversion cost. If the manufacturing overhead for the month was $54000 and the direct materials cost was $34000, the direct labor cost was:
Inflation was 8 percent during the most recent year and your organization's investment in land rose 12 percent. If the beginning appraised land value was $1,000,000, what increase in specific prices over general price level would be reported, stat..
Mark Trucks Limited has some idle capacity in its plant, which is restored by accepting order from other automobiles industries. The company has finished assembly of150 trucks against special order N, 13A from Western Motors Limited.
Prepare journal entries to record the following retirement. (Show computations and round to the nearest dollar.) The December 31, 2010 balance sheet of Wolfe Co. included the following items:
The stock options had been granted for $12 per share. The cost method is used. What is the balance of the treasury stock on Grant's balance sheet at December 31, 2011?
Determine the amount of dividends payable to preferred shareholders and to common shareholders under each of the following two assumptions regarding the characteristics of the preferred stock.
Bayani Company is planning to sell 100,000 units for $3 a unit and will just breakeven at this level of sales. The contribution margin ratio is 40%. How much are the company's fixed costs?
With respect to the three reports in comparison: Income Statement, Cash Flow Statement, and Balance Sheet how can I "zero" in, or in laymen's terms, do an efficient comparison.
A company allows its customers to use bank credit cards to charge purchases. When customers use the credit cards, the net amount is deposited in the company's checking account.
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