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The selected transactions relate to liabilities of Marco Corporation. On January 15, Marco received $7,000 from Dove Construction toward the purchase of $66,000 of plate glass to be delivered on February 6. On February 6, Chicago delivered the plaste glass to Dawn Construction and received the balance of the purchse price. Required: Prepare the journal entries for the above transactions.
on october 29 2010 lue co. began operations by purchasing razors for resale. lue uses the perpetual inventory method.
This equipment replaces old equipment that was sold for $10,000 cash. Ignoring income taxes, the new equipments has a pay-back period of:
Accounts receivable of $138,000 were collected includingaccounts of $40,000 on which 2% sales discounts were allowed. Prepare all journal entries necessary to reflect the transactions above.
Calculate the capital balance of each partner in the partnership subsequent to the contributions. Prepare the journal entry necessary to record the partners' contributions.
james company has two production departments called mixing and finishing. the maintenance department serves both
the following statement is representative of attitudes and opinion sometime encountered by cpas in their professional
prepare a cost of production report for the cutting department of tanner carpet company for december 2012. use the
a company has a margin of safety of 25 a contribution marginratio of 30 and sales of 1000000.a what is the break even
In 2010, Bombay Corporation had cash receipts of $21,000 and cash disbursements of $12,000. Their ending cash balance at December 31, 2010 was $33,000. What was their beginning cash balance?
stacy yoo president of caremore inc an appliance manufacturer in seattle washington has been trying to decide whether
Fund accounting is very different from commercial accounting, but has a lot of similarities as well. Discuss the similarities and differences between these two types of GAAP accounting methods.
kansas company uses a standard cost accounting system. in 2014 the company produced 28200 units. each unit took several
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