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Secret Services Inc. experienced the following events in 2013, its first year of operation:
1. Performed counseling services for $36,000 cash.2. On February 1, 2013, paid $18,000 cash to rent office space for the coming year. 3. Adjusted the accounts to reflect the amount of rent used during the year.Required: Based on this information alone:
a. Record the events under an accounting equation. b. Prepare an income statement, balance sheet, and statement of cash flows for the 2013 accounting period. c. Ignoring all other future events, what is the amount of rent expense that would be recognized in 2014?
for this we must do tasks related to a retail store selling dvds. this business is relatively simple with approximately
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1. on january 31 village bank had 500000 shares of 3 par value common stock outstanding. on that date the company
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Write a formula reflecting the price estimate for a house based on the number of square feet that need to be painted. Assume that John can accurately estimate the painted area (in square feet) and the amount of time it takes to complete the prep-w..
for the current year bill had short-term capital loss of 4000 a short-term capital gain of 1900 a short-term capital
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As an accounting manager for a growing graphic design company
Prepare the issuer's journal entry to record the first semiannual interest payment assuming the effective interest method is used.
Using the same facts as in RE17-9, assume instead that Ruby declares and issues a 50% stock dividend when the stock is selling for $30 per share. Prepare the journal entry on the date of declaration to record Ruby Corporation's stock dividend.
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