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Transaction analysis results in the development of a journal entry. In the start-up of a business the owner contributes $750,000 of cash. (1) Name the accounts impacted and how using the format account name/debit or credit/dollar amount (10 points) and
(2) Explain how the Accounting Equation is impacted.
1.rampr heating inc has 350000 shares of 3-par common stock outstanding. they have declared a 5 stock dividend.the
sachs brands defined benefit pension plan specifies annual retirement benefits equal to 1.6 times service years times
Smithson corporation had a 1/1/08 balance in the allowance for doubtful accounts of $10000. During 2008, it wrote off $7200 of accounts receivable and collected $2100 on accounts previously written off.
Identify and distinguish between the three classes of net assets required by SFAS No.117.
during its first year of operations gehrig company had credit sales of 3000000 of which 400000 remained uncollected at
mri company has one employee. fica social security taxes are 6.20 of the first 106800 paid to its employee and fica
a popular product of loring glassworks is a hand-decorated vase.the companys standard cost system calls for .75 hours
the little rock division of classics companies currently reports a profit of 3.6 million. divisional invested capital
Calculate the amount of amortization that should be recorded on December 31, 2002.
battery power a family owned battery store began oct w 10500 cash. management forcasts that collections from credit
What is the difference between a static planning budget versus a flexible budget? What are some of the possibilities that actual results may differ from what has been budgeted at the beginning of a period?
In its first month in business, Jones, Inc. sold merchandise to customers on account for $119,800. It collected $72,000 on those sales during the first month and recorded Revenue for the period of $119,800.
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