Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
On June 30, Roman Co. has $125,900 of accounts receivable. Prepare journal entries to record the following selected July transactions. Also prepare any footnotes to the July 31 financial statements that result from these transactions. (The company uses the perpetual inventory system.)
July 4 Sold $6,295 of merchandise (that had cost $4,000) to customers on credit.
9 Sold $18,000 of accounts receivable to Center Bank. Center charges a 4% factoring fee.
17 Received $3,436 cash from customers in payment on their accounts.
27 Borrowed $10,000 cash from Center Bank, pledging $13,000 of accounts receivable as security for the loan.
1. assume that in 2012 andre has charged customers 15.00 per haircut has paid each of his six barbers a salary of 53000
Journalize Piranha October 2012 transactions - Journalizing sales transactions-perpetual inventory
Your CFO, in her initial work, needs to decide whether to set up a job order costing system or a process type costing system. She has asked you to make a recommendation based on the following information.
What is the month break-even point in units sold and in sales dollars and without resorting to computations, what is the total contribution margin at the break-even point?
Journalize the entries to close net income to the partners and journalize closing the partners' drawing accounts. Explanations are not required.
Journalize the entries to correct the errors - The purchase of supplies of $2,690 on account was recorded as a debit to Office Equipment and a credit to Supplies.
Why might a company want to engage in off-balance sheet financing and what are the four options that manufacturing and service companies have to transform breakeven or loss customers into profitable ones?
gwinnett paper company manufactures three products computer paper newsprint and specialty paper in a continuous
Costs may be allocated to a product or activity for many purposes, but care must be exercised when using allocated costs because:
A member of a group of medical practitioners is considering opening his own private medical practice. He estimates that if demand for his services is high he could realise a profit of $500,000. If demand is low he could lose $200,000.
question 1a list and describe four potential problems with a traditional overhead allocation system.b list and
Write a memo to your senior staff advising them of your desire to approach performance measurement from a balanced scorecard perspective.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd