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Question: 1. Refer to the information in QS and prepare the journal entry assuming the note is honored by the customer on October 31, 2011.
QS: On August 2, 2011, JLK Co. receives a $5,500, 90-day, 12% note from customer Tom Menke as payment on his $9,000 account.
(1) Compute the maturity date for this note.
(2) Prepare JLK's journal entry for August 2.
2. Record the sale by Kroll Company of $1,000 in accounts receivable on May 1. Kroll is charged a 3% factoring fee.
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Are any of the accounts increasing or decreasing? If so, what indicators explain this trend? Which of these accounts are distinctive to each business? Why?
the 2008 annual report for fortune brands the seller of pinnacle golf balls and masterlock padlocksdisclosed that 750
can you help me to answer these question? ltbrgti need to complete it on 1492014 so can you do it quicklu for me pls?
Please complete the required federal individual income tax return forms for the following taxpayer. Unless instructed otherwise, the information provided is for the taxpayer's 2012 tax year. Please complete his 2012 tax return. Ignore the require..
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Compute the amount of the lease receivable. (Use the Excel Present Value formula "=PV(" to solve.)
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