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Prepare general journal entries for the following transactions of a new company called Pose for Pics.
Aug. 1 Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company.2 The company paid $2,100 cash for an insurance policy covering the next 24 months.5 The company purchased office supplies for $880 cash.20 The company received $3,331 cash in photography fees earned.31 The company paid $675 cash for August utilities.
She incurs expenses of $18,000 (accounting fees, marketing survey, etc.) in exploring its business potential. Her parents have agreed to loan her the money required to start the business. What amount of these investigation costs can Juliet deduct ..
dekin company had checks outstanding totaling 6.400 on its may bank reconciliation. in june dekin company issued checks
On January 1, 2009, Boston Company purchased a heavy duty machine having an invoice price of $13,000; Boston paid transportation and installation costs totaling $3,000.
the following transactions occurred during the month of june 2011 for the stridewell corporation. the company owns and
in its first month of operation kuhlman company purchased 100 units of inventory for 6 then 200 units for 7 and finally
Draw a process map of the conversion processes at Compton Falls Enterprises Draw a document flowchart showing the records used in Compton Falls conversion processes
concored manufacturing company uses an activity based costing system sells 20000 units per year of glaxo container at
The following financial information, what should the calculation of the current ratio (current assets/current liabilities) be using US GAAP and IFRS?
jose paid the following amounts for his son to attend big state university in
In recent years, the Wall Street Journal and other publications have indicated that many companies have changed their accounting principles. What are the major reasons why companies change accounting methods?
Suppose the National Bank of Commerce has excess reserves of $7,000 and outstanding checkable deposits $160,000. If the reserve ratio is 20 percent, what is the size of the bank's actual reserves?
sleney company applies overhead on the basis of direct labor dollars using a rate of 1.65 per labor dollar. how much
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