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General Ledger entry for down payment on classes is entered as debit "cash" & credit "Unearned Revenue". When adjusting end of month, and classes still not taught, why would adjustment be debit "unearned revenue" and credit "service revenue" ?
The business treats the cost of idle capacity as a period cost and prepare a revised operating profit report and summary of manufacturing activity for the business.
Prepare a statement of cash flows for the year 2009 for Lander and Prepare the balance sheet as it would appear at December 31, 2009.
Allocate joint costs using the relative sales values at the split-off point and calculate the profit per 100 pound box of sugar-coated peels and the profit per pint of juice.
Describe the different types of dividends. What are the advantages and disadvantages of each to the company? The shareholder? Which would you prefer? Why?
The federal gift tax return (Form 709) is generally due. $1,500,000 will pass outright from Grandfather to Grandfather’s grandson, Paul, by virtue of being named as the beneficiary of a bank account in Grandfather's name. Grandfather’s son, John, who..
determine earnings per share eps based on the information below. be sure to label your answer clearly and show all
Furniture Company The Furniture Company manufactures customized wood furniture and sells the furniture in large quantities to major furniture retailers. Mr. A has recently been assigned to analyze the company's pricing policy. He has been told that q..
Equipment costing $37,450 with a book value of $18,410 is sold for $20,000. The journal to record the sale will include a :
On November 1, Vacation Destinations borrows $1.59 million and issues a six-month, 7% note payable. Interest is payable at maturity. Record the issuance of the note and the appropriate adjusting entry for interest expense at December 31, the end of t..
Prepare the double (debit and credit) journal entry and the balance sheet in an excel file. No analysis needed
Nic Saybin Enterprises Accounting Department collects all pertinent monthly operating data. Selected data is presented below for the current month. From the data provided, please provide Saybin Enterprises Management with a flexible budget analysis t..
Measure double declining balance depreciation and analyze the effort of a sale on a plant asset. Assume that on 2JAN14 Design House of Nebraska purchased fixtures for $9,200 cash. The fixtures are expected to remain in service for 5 years. Design Hou..
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