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Service Revenue Softball Magazine Company received advance payments of $75,000 from customers during 2013. At December 31, 2013, $20,000 of the advance payments still had not been earned. Required: After the adjustments are recorded and posted at December 31, 2013, calculate what the balances will be in the Unearned Magazine Revenue and Magazine Revenue accounts. Unearned Magazine Revenue $ Magazine Revenue $
Enter adjusting entries for the following items: The December 31 office supplies inventory was $80. The unexpired portion of the prepaid rent was $600 as of December 31. The unexpired portion of the prepaid insurance was $4070 as of December 31.
Uttinger Company has the following data at December 31, 2015. Prepare the adjusting entries to report each class of securities at fair value. Indicate the statement presentation of each class of securities and the related unrealized gain (loss) accou..
Which term is used for a set of budgets? Which budgeted financial statements are included in the set of budgets.List and explain the budgets in the set for a manufacturer or a merchandiser. Which budgeted financial statements are included in the sets..
A plot of data that results in one extreme observation MOST likely indicates that: more than one cost pool should be used an unusual event such as a plant shutdown occurred during that month the cost-allocation base has been incorrectly identified in..
The partnership of W, X, Y, and Z has the following balance sheet: Cash $ 54,000 Liabilities $ 67,000 Other assets 317,000 W, capital (50% of profits and losses) 84,000 X, capital (30%) 102,000 Y, capital (10%) 64,000 Z, capital (10%) 54,000 Z is per..
Prepare Poon Industries' balance sheet as of June 30, 2012 on the answer sheet presented on the next page. If an account should not appear on Poon's balance sheet, put XXX in the blank for the account on the answer sheet.
Prepare a memo (750-1,000) to your CFO showing the outcome of such a change on current taxes and outlining the needs for making this change.
Prepare a Cash Budget for the months of August and September, using the template provided in DocSharing and what are the three sections of a Cash Budget, and what is included in each section?
Describe the FASB Project and its history , and the project's status.- describe the implications of the project's adoption.
Calculate the company's total required production in units of finished product for the entire three month period ending September 30.
Determine the companys Weighted Average Cost of Capital and determine the NPV of the project -
The following selected transactions were completed... The following selected transactions were completed by Capers Company during October of the current year: Journalize the entries to record the transactions of Capers Company for October. Oct. 1.
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