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1. Please make entries , t accounts, trial balance , balance sheet and income statement for the following:
Bought a car for 1000Sold services for 50000Paid rent for 1000Took a loan for cash 1000Sold items on account receivable for 500Got paid 100 on the accts receivable
2. You have the following accounts receivable balances
30 days due 1000 rate of uncollectible is 10%31-60 days due 2000 rate of uncollectible is 20%61-90 days due 4000 rate of uncollectible is 30%Make the bad debt and uncollectible contra acct entry
3. You have a 100000 building that has a useful life of 10 years and a salvage value of 1000 what is the yearly depreciation entry?
computation of profit margin that the firm needs in order to achieve the promised roe holding everything else
Glen Lake Corporation recorded the following transactions for the just completed month: Record the above transactions in journal entries.
Brian and Erin have $1,800 of non business capital gains, $4,000 of non business capital losses, $2,700 of interest income, $18,200 of itemized deductions (none of which are personal casualty and theft losses), $6,500 of business capital losses, and ..
Calculate the employee's regular and overtime pay using the traditional approach, given the following information: normal workweek=40 hours per week. Non-exempt employee is hired for $39,000 per year (eligible for overtime pay). One week works 44 hou..
It will hold these shares in the treasury until resold. On December 1, the corporation sold 1,200 shares of treasury stock for cash at $72 per share. Journalize the treasury stock transactions.
Maplewood Co. uses process costing to account for the production of canned energy drinks. Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Beginning inventory consisted of ..
ACCT19062 Issues in Financial Reporting, : Recognition of Assets and Liabilities in the Financial Statements,
The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $3.3 million, and the 2015 balance sheet showed long-term debt of $3.4 million. The 2015 income statement showed an interest expense of $155,000. What was the firm’s 20..
What is the interest rate, to the nearest percent, used in discounting this purchase transaction and what is the amount Dubois will receive on the sale of the note?
the American Academy of Pediatrics Guideline Recommendations for diagnostic decision making for ADHD
Which of the subsequent statements is accurate with respect to this transaction
Bradley Snapp has deposited $6,000 in a guaranteed investment account with a promised rate of 6% compounded annually. He plans to leave it there for 4 full years when he will make a down payment on a car after graduation. How much of a down payment w..
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