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1. Armor Security Services Inc. provides both commercial and residential security services on account. Two transactions are identified below.
Dec. 1. Issued Invoice No. 862 to Matrix Inc. for security services provided on account, $425.
3. Issued Invoice No. 863 to James Lawhorn, a residential customer, for services provided on account, $85.Record these transactions in a revenue journal using the following format:
summer ltd entered into an agreement on 1 july 2010 to lease a harvester to field ltd. the lease agreement details are
ahsan company makes 60000 units per year of a part it uses in the products it manufactures. the unit product cost of
the valentine company has decided to buy a machine costing 31434. estimated cash savings from using the new machine
the divine merchandising corporation began march operations with merchandise inventory of 6 units each of which cost
ewer firm will finance a proposed investment by issuing new securities while maintaining its optimal capital structure
the rent expense was 42000 and there was no beginning or ending balance in work-in-process inventory. using a two-stage
owned 51 of the voting common stock of sanatee inc. the parents interest was acquired several years ago on the date
Ratios provide the users of financial statements with a great deal of information about the entity. Do ratios tell the whole story? How could liquidity ratios be used by investors to determine whether or not to invest in a company?
ending inventory in the assembly department consists of 900 units which are 30 complete with respect to conversion
Mogilny Corporation owns a warehouse. On November 1, it rented storage space to a lessee (tenant) for 3 months for a total cash payment of $2,700 received in advance.
addy company has two products a and b. the annual production and sales of product a is 2600 units and of product b is
Suppose that at the end of 2010, the Lancer Boutique used $1.5 million cash to pay off $1.5 million of accounts payable. Compute the new current ratio?
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