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How would these be entered as two separate journal entries? I think I’m getting them mixed up when i try to do it.
A) December 6
Received a billing statement and issued check number 33332 for $155 to Hollman Freight Company, for freight charges incurred for delivery of merchandise items from Boot Hill Tools on December 2 (invoice number HL123).
B) December 10
Paid invoice V1425 from Videcamper Saws (28800) issuing check number 33333. The invoice was dated November 30, listed merchandise totaling $9,000, and 1/10, n/30 credit terms. Remember that UpTight Tools attempts to pay on time so as to lower the overall costs of merchandise inventory.
Determine Earnings Per Share based on the information and Determine the earnings per share of common stock for the 2007 fiscal year
What are some of the responsibilities of the FASB? Is there a similar organization for governmental accounting? What is the purpose of the FASB? How might International Financial Reporting Standards impact U.S. business?
Illustrate what is the misstatement in valuation? How do i know whether the inventory is overstated or understated? What is the projected misstatement in the entire population?
Tino Martinez is confused about losses and gains on the sale of debt investments.
what most accountants do-the ‘logic' being that majority of accountants must be doing the most appropriate thing. So what do you think of the logic of such an argument?
Finding the equivalent units for materials and conversion - Find How many units were started and completed during May?
Compute the ratios for 2012 and earnings per share - return on common stockholders' equity
Which method do you think presents the most reliable picture of current earnings? Why?
How should this transaction be reported on the statement of cash flows
preparation of bad debt account and their adjustment.bad debts analysis allowance account on january 1 2009 the balance
An extensive consultation paper has been provided to you related to the Conceptual Framework from the International Public Sector Accounting Standards Board.
Why are the itemized deductions what they are? Why allow home mortgage interest, not credit card interest? Why allow medical expense deductions, not school expense deductions? Why allow state and local income and property taxes.
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