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Question - Alpha Company prepares quarterly adjusting entries. On November 1, 2017, Alpha Company purchased equipment with a sticker price of $8,515 and signed a note due in 9 months for $10,000 that included interest in the value of the note. Use this information to prepare the general journal entry for the November 1 equipment purchase. You also will show additional general journal adjusting entries for Fiscal year 2017 & 2018. Also, show the general journal entry to record the payment of the note when due in 2018.
Put Company paid $220,000 for an 80% interest in Sel Company on July 1, 2011, when Sel Company had total equity of $110,000. Sel Company reported earnings of $10,000 for 2011 and declared dividends of $8,000 on November 1, 2011.
Prepare the journal entry to record the retirement of the bonds at maturity, assuming the bonds were issued at 100. Prepare the journal entry to record the retirement of the bonds before maturity at 98. Assume the balance in premium on bonds payable ..
Required: Explain using the definition of "income" whether each of these transactions results in income for the period
What were the details of the acquisition?
What is the difference between information and data?
Governmental fund financial statements donation revenue
using peachtree accounting softwarenbspnbsppeachtree software is an accounting system in which small businesses can
john paul jones inc. is a conservatively managed boat company whose motto is the old ways are the good ways. management
Your beginning food inventory was $26,000. You have purchased an additional $24,000 and have accepted $12,000 in transfers from other locations. In total, you sold $39,000 worth of food for the same time period. Your ending inventory is $29,000. W..
Complete the tabular summary of the effects of the alternativeactions on the company's stockholders' equity, outstanding shares,and book value per share.
The company incurred no cost related to these earnings for federal unemployment tax but incurred $777 for state unemployment tax.
Unadjusted trial balance is for ACE CONSTRUCTION CO
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