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Your father runs a small auto body shop. He has decided to computerize his records and has asked you to explain the basics of accounting to him so that he can enter the data into his accounting software.
Explain to him the rules of debits and credits for the balance sheet and income statement.
Provide examples from the manufacturing industry of:
a journal entry that would be recorded that impacts the balance sheet.a journal entry that would be recorded affecting the income statement.Please provide the assumptions behind the transactions and the full journal entries.
zorro manufacturing had always made its components in house. however simpson components works had recently offered to
Under the allowance method, the entry to write off a $2,600 uncollectible account includes a(n) :
don walls gross earnings for the week were 1780 his federal income tax withholding was 301.63 and his fica was
The Sarbanes-Oxley Act of 2002 (SOX) was the catalyst for significant changes in the accounting profession and financial world. One objective of SOX was to deter fraudulent activity within an organization.
Comprehensive System Development Problem
What impact does this transition have on the firm's current ratio if the initial current ratio equaled 1?
mikes bike shop has 5000 in current assets 10000 in fixed assets 2000 in current liabilities and 3000 in long-term
you will identify and propose to the instructor a course project case study. upon approval to proceed you will identify
computer parts inc. a manufacturer of computer chips employs activity-based costing. the following budgeted data for
the income statement for august indicates net income of 50000. the corporation also paid 10000 in dividends during the
bricker enterprises purchased a machine for 100000 on october 1 2012. the estimated service life is ten years with a
evening star inc. produces binoculars of two quality levels field and professional. the field model requires threee
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