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The Central Stores Fund of Cook City provides centralized management of purchasing, storage, and issue of supplies for the entire City. For the following summarized transactions and events for the year ended June 30, provide the fund level entries in general journal form required to conform to generally accepted accounting principles. If no entry is needed, so indicate.1) The Central Stores Fund ordered supplies at an estimated cost of $62,000.2) The supplies ordered in (1) above were received at invoice costs of $60,400; these invoices were approved for payment.3) Supplies costing $51,800 were issued to the City General Fund and billed to that fund at a markup of 20 percent on cost.4) Expenses paid in cash during the year were: purchasing, $5,700; warehousing, $7,100; and general and administrative, $6,200.
josephine keller controller of kingh corp. is aware that a pronouncement on accounting changes has been issued. after
How does the United States tax Erica's activities? How would your answer change if Erica were a self-employed technician rather than an employee?
a 1000 bond has a coupon of 6 percent and matures after 10 years.a. what would be the bonds price if comparable debt
many companies publish their annual reports on their website usually in an investor relations section. visit several
the stockholders equity accounts of miley corporation on january 1 2014 were as follows.preferred stock 7 100 par
An accountant for Jolley, Inc., a merchandising enterprise, has just finished posting all year-end adjusting entries to the ledger accounts and now wishes to close the appropriate account balances in preparation for the new period.
The Warner Corporation has gross income of $560,000. It has business Expenses of $325,000, a capital loss of $20,000 and $2,500 of interest income on temporary investments. What is the corporation's taxable income?
which of the following statements is most correct? a. if a stocks beta increased but its growth rate remained the same
Blue should have taken $455 and $3,636 cost recovery in 2005 and 2006. On January 1, 2007, the asset was sold for $98,000. Calculate the gain or loss on the sale of the asset in 2007.
stock a has a beta of .5 and investors expect it to return 5. stock b has a beta of 1.5 and investors expect it to
on january 1 2013 nelson company leases certain property to queens company at an annual rental of 60000 payable in
Explain how the Lehman Brothers Intermediate Bond Index might increase one day while the Merrill Lynch High Yield Index decreases the same day.
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