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This is from the Systems Understanding Aid 8th Edition: I need to know what journal entires to make.
December 31 Sold 150 shares of Sohn Corporation common stock for $27.00 per share. The shares were originally purchased on July 11, 2013 for $21.00 per share plus a commission of $60. Central Brokerage retained a commission of $70 on the sale and forwarded check No. 4289 for the net sale proceeds to Waren.
* Calculate and record the gain or loss on the sale of the marketable securities.
* Be sure to consider the effects of both the purchase and sale commission expenses.
Given the allocated costs at 10% of revenue, calculate the number of workshops that must be offered to break-even and calculate assuming Janice can re-negotiate the part-time trainers' cost to $1000 per workshop.
Quality Data manufactures two products, CDs and DVDs, both on the same assembly lines and packaged 10 disks per pack. The predicted sales are 400,000 packs of CDs and 500,000 packs of DVDs. What price should Quality Data charge for each disk pack if ..
On October 1 of Year 1 Zeta Company collected $1,200 cash for services to be provided for one year beginning immediately. The company’s fiscal closing date is December 31. Based on this information, the amount of revenue appearing on the Year 1 incom..
Find what is total product costs incurred to make 10,000 units and evaluate total amount of period costs incurred to sell 10,000 units?
Prepare the consolidation worksheet entries necessary for preparation of the consolidated financial statements for Geraldton Ltd and its subsidiary for the year ended 30/6/2012
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Paul and Dee were married on July 15, 1989 and live happily in Cape Coral, FL. They have two children, Evan and Ally. Evan is 25, works for Yelp in NYC and lives in 2-bedroom apartment with three roommates. Though his mother sends him care packages, ..
Your preliminary assessment of control risk over cash disbursements is low. You base this assessment on the requirements that each cash disbursement be supported by a purchase requisition, a properly approved purchase order, an approved vender list, ..
The IRS has examined your client's return and has taken the position that she must include the $50,000 in her gross income. Evaluate the IRS's position
Purpose journal entries to record each of the transactions above. Evaluate the carrying amount of each asset category at the end of 2009?
Complete a writing activity based on the following situation: Two brothers and a friend are in the process of starting an information technology services company. Each of the prospective partners has relevant experience and knowledge. The company wil..
Below is budgeted production and sales information for Fleming Inc. for December. Evaluate the budgeted total sale for December
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