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Biando Corporation began operations on 1st May, 2010 and completed the subsequent transactions during its first month of operations. A. Sold capital stock for $30,000. B. Purchased land and building valued at $35,000 and $165,000, correspondingly, by paying $10,000 cash and signing a 20-year mortgage for balance. C. Purchased office equipment on account, $7,500. D. Billed a customer for services performed, $5,000. E. Received an $800 deposit from a customer for services to be performed subsequent month. F. Made a partial payment on account for office equipment purchased in transaction (C), $1,500. G. Performed a service and instantly collected $2,000. H. Received and instantly paid the telephone bill for month, $380. I. Paid a dividend to owners, $3,000. J. Received, but did not pay, the monthly utility bill, $450. 1. Create the general journal entries to record each of these events. 2. Prepare the closing entries.
Evaluate what percentage interest in the pool is held by town and the school district and show entry in the Investment Trust Fund to record the School District's investment in the pool.
Evaluate the total of each production cost incurred for April (direct materials, direct labor, and applied overhead), and the total cost related to each job (including the balances from 31 st March).
Determine the payout ratio and the return on common stock equity.
Evaluate what is the ROI for the Shellfish Division, before and after the proposed purchase of Shrimp Inc and find what is the residual income for the Shellfish Division, before and after the purchase of Shrimp Inc.?
Create journal entries to record the accounting for both the normal and abnormal rework and what were the total rework costs of XD1 chips in August 2011?
Effect of exchange rate changes on cash and cash
Determine the materials price variance (amount and favorable or unfavorable)? Evaluate materials quantity variance (amount and favorable or unfavorable)? Determine the labor rate variance (amount and favorable or unfavorable)?
Organize a list of pros and cons do not mean just giving a definition of the three entities. Your information offered should be structured toward their prospective business. Please make sure your responsive include the required references and rule..
For every situation, show whether the first or second type of evidence is more reliable. Give a rationale for your choice.
What does Freddy have to expect in court.
Evaluate what is Progressive's cost of equity and corporate cost of capital now and show the value of Progressive, with and without costs of financial distress, as a function of the amount of debt. Why do the lines differ in shape?
The standard costs and actual costs for direct materials, direct labor, and factory overhead for the manufacture of 2,500 units of product and find the labor efficiency (quantity) variance
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