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Prepare journal entries to record the following transactions entered into by Flip Company: 2012 June 1 Received a $10,000, 12%, 1-year note from Flop as full payment on her account. Nov. 1 Sold merchandise on account to Flap, Inc. for $12,000, terms 2/10, n/30. Nov. 5 Flap, Inc. returned merchandise worth $500. Nov. 9 Received payment in full from Flap, Inc. Dec. 31 Accrued interest on Flop's note. 2013 June 1 Flop honored her promissory note by sending the face amount plus interest. No interest has been accrued in 2013
beerbev inc. reported the following operating information for a recent yearnet sales6880000cost of goods
The fair value of all Hathaway's identifiable tangible and intangible assets was $48,000,000. Short will amortize any goodwill over the maximum number of years allowed. What is the annual amortization of goodwill for this acquisition?
the smith company completed the treasury stock transactions below in 2013february 4 reacquired 66000 shares at 13 march
isabel lopez started biz consulting a new business and completed the following transactions during its first year of
what are the calculations for direct materials direct labor mfg overhead total mfg cost begninning work in process
Record each of the following transactions in Gagon's general journal-1. Issued capital stock for $75,000 cash. 2. Borrowed $35,000 from a bank. Signed a note to secure the debt.
a companys history indicates that 20 of its sales are for cash and the rest are on credit. collections on credit sales
companion computer company has been purchasing carrying cases for its portablecomputers at a delivered cost of 68 per
Ethical Code in cost & Management Accounting, CIMA has provided the following as elements of code of conduct to be followed by cost and management accounts. Define and explain them in relation to cost and Management Accounting.
in the 30 june 2009 annual report of bruce ltd. the equipment was reported as follows equipment at cost
dna corporation issued 4000000 in 8 percent 10-year bonds on february 1 2010 at 115. semiannual interest payment dates
martin corporation was organized on january 3 2007. martin was authorized to issue 50000 shares of common stock with a
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