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Question - On August 1, 2018, Dorchester Company entered into a capital lease, and correctly recorded the leased asset, and related obligation at $100,000. The annual interest rate implicit in the lease was 9%, and the first lease payment of $1,600 is due at the end of each month of the lease. Use this information to prepare the General Journal entry (without explanation) for the August 31, 2018 monthly lease payment. If no entry is required then write "No Entry Required." (Round your answer to the nearest whole dollar.)
Receive payment of $12,000 owed by a customer. Purchase equipment for $45,000 in cash. What is the final amount in Amounts Payable
What are the key internal controls that should be in place to protect inventory for a merchandiser that sells highly desirable and very expensive inventory
manufacturing overhead data for the production of product h by norland company are as follows. overhead incurred for
The Malbim Company uses a process costing system and adds materials at the beginning. July 1st has 400 units in the beginning inventory (100% materials). The units in beginning inventory (July 1) are only 75% complete on conversion costs-Calculate..
What are the most important types of notes to the financials that must be included in every report, and explain.
Given the allocated costs at 10% of revenue, calculate the number of workshops that must be offered to break-even. Re-calculate #2 above, assuming Janice can re-negotiate the part-time trainers’ cost to $1000 per workshop.
a company must decide between scrapping or reworking units that do not pass inspection. the company has 15000 defective
Common stock $15,600, Dividends $7,000, Service Revenue $37,000, Salaries and Wages Expense $16,000, Insurance Expense $2,000, Rent Expense $4,000, Supplies Expense $1,500, and Depreciation Expense $1,300. Prepare an income statement for the year.
nicholas company obtained an 80000 line of credit from the bank on january 1 2008. the company agreed to accept a
The General Fund of Middleville has presented you with the following trial balance as of June 30, 2011. Prepare journal entries for the fiscal year ending 2012
Analyse the assumptions behind public interest, private interest and capture theories and evaluate which one best explains each of the comment letters
fireout inc. manufactures steel cylinders and nozzles for two models of fire extinguishers 1 a home fire extinguisher
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