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The petty cash fund of the Brooks Agency is established at $150. At the end of the current period, the fund contained $28 and had the following receipts: film rentals, $24, refreshments for meetings, $46 (both expenditures to be classified as Entertainment Expense); postage, $30; and printing, $22.
Prepare journal entries to record reimbursement of the fund at the end of the current period.
exotic aroma company buys bulk flowers and processes them into perfumes in a two-stage process. its highest-grade
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A recent survey conducted by Towers Perrin and Published in the Financial Times showed that among 460 organizations in 13 European countries, 93% have bonus plans, 55% have cafeteria-style benefits, and 70% employ home-based workers. If the types ..
wilton company reported net income of 40000 for the year. during the year accounts receivable decreased by 7000
on june 30 2009 sams office supplies issued 50000 face value of 8 bonds at 106. they were five-year bonds with interest
why is inventory important for a business? how is inventory different from other assets of the
On January 1, 2009, Princess Corporation leased equipment to King Company. The lease term is 8 years. The first payment of $675,000 was made on January 1, 2009. The equipment cost Princess Corporation $3,600,000. The present value of the minimum l..
leno company manufactures toasters. for the first 8 months of 2014 the company reported the following operating results
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you have been asked to help your classmate who was just offered a professional soccer contract with selecting her
The spot rate of exchange, S(MXN/USD), between the Mexican peso (MXN) and U.S. dollar (USD) is MXN 11.95/USD and the 6-month futures rate is MXN 12.4328/USD. If U.S. interest rates are 5% per annum then the annual interest rate in Mexico must be
Keshena Co. borrows $240,000 cash on November 1, 2009, by signing a 180-day, 10% note with a face value of $240,000. On what date does this note mature?
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