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Singletary Company had the following select transactions. Apr. 1, 2010 Accepted Wilson Company's 1-year, 12% note in settlement of a $20,000 account receivable. July 1, 2010 Loaned $25,000 cash to Richard Dent on a 9-month, 10% note. Dec. 31, 2010 Accrued interest on all notes receivable. Apr. 1, 2011 Received principal plus interest on the Wilson note. Apr. 1, 2011 Richard Dent dishonored its note; Singletary expects it will eventually collect. Instructions Prepare journal entries to record the transactions. Singletary prepares adjusting entries once a year on December 31.
events related to the acquisition use and disposal of a tangible plant asset straight-line depreciation.cjs pizza
predict what the probability would be of this situation happening again. Then, suggest what management can do to prevent future embezzlement. Provide specific examples to support your response.
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Auditing general cash for the Pittsburgh Supply Company for the fiscal year ended July 31, 2009. The client has not prepared the July 31 bank reconciliation. After a brief discussion with the owner,
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