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1. The state of Ohio has a 5.5% sales tax. Buckeye Services Inc., an Ohio company, had two revenue transactions as follows:
Aug. 7. Issued Invoice No. 121 to Manly Inc. for services provided on account, $1,200, plus sales tax.
21. Issued Invoice No. 122 to Tel Optics Inc. for services provided on account, $2,200, plus sales tax.Record these transactions in a revenue journal using the following format:
classic wants to switch to an activity-based approach in the upcoming year to assign prices to the gowns. production
ronald metzgar placed his fifteen-month-old son matthew awake and healthy in his playpen. ronald left the room for five
Prepare the journal entry to record Zende Company's issuance of 75,000 shares of $5 par value common stock assuming the shares sell for
An mace of$1,000.1, merchandise purchased is showing, 3/15, n/30 as terms of credit if the invoice is paid on or before te fifteenth day, the amount be paid is A. $1.033 B. $1.000 C. $970 D. $1.030
A company provides services on account during the current year totaling $400,000. By the end of the year, $350,000 of this amount had been received on account from customers for services provided in the prior years. Determine the amount of operati..
responsibility for the fixed cost volume variance ragan company expected to sell 400000 of its pagers during 2011. it
jones co. can further process product b to produce product c. product b is currently selling for 45 per pound and costs
What aspects of the requirements were used by US companies to defer recognition of a liability - Explain why principles-based standards require a conceptual framework.
the following merchandise transactions occurred during december for two different companies rippen and burnen. both
The General Fund is defined as the fund used to account for all financial resources not accounted for in another fund, but it is actually much more than that. Explain why.
1. wonderful outboard watercraft wow inc. wants to expand to blanton florida and needs cash. therefore wow owners are
Refer to Polaris financial statements in Appendix A to answer the following.
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