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The ledger of Simms Company includes the following accounts with normal balances: P. Simms, Capital $18,000; P. Simms, Withdrawals $1,600; Services Revenue $26,000; Wages Expense $16,800; and Rent Expense $3,200. Prepare the necessary closing entries from the available information at December 31.What is the closing entry for Revenue? Expense? Income Summary? and Withdrawals?
given the importance of proper system development what role should an accountant take in a development project? what
goll corp. issued 1000 of its 10 1000 bonds for 960000. these bonds were to mature on january 1 2016 but were callable
Prepare a statement of cash flows in good form using the indirect format.
jared inc. produces leather handbags. the sales budget for the next four months is july 5000 units august 7000
What are the differences in reporting guidance in a for-profit and not-for-profit organization? What are the similarities in reporting guidance in a for-profit and not-for-profit organization? How do these differences and similarities affect the c..
write a five pages essay on coca-cola and pepsico in which1.analyze and discuss the current effects of ifrs on the
at the beginning of the year fun ships cruises line purchased a cruise ship at a cost of 55 million. fun ships expects
borden company has the choice between two investments. investment 1 will generate a 27000 deductible loss this year
During the last week of August, Apache Arts Company's owner approaches the bank for an $107,500 loan to be made on September 2 and repaid on November 30 with annual interest of 14%, for an interest cost of $3,763.
1. in your own words please describe what a suspended loss is how it is generated and when it is becomes deductible.2.
Determine the annual (1) net income and (2) net annual cash flows for the commuter service. Compute (1) the cash payback period and (2) the annual rate of return.
Incurred special insurance costs
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