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Accounting
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Questions (2,354)
journalize the earning of services $53,000 on account and then additional $45,000 in cash
4 answers
asked by
dayo
5,339 views
then the next step for the general journal entry says the same thing which both of these are giveing me a hard time.
Purchased
1 answer
asked by
student acc
458 views
What are generally accepted accounting principles (GAAP)? Who currently develops and issues GAAP? What is the purpose of GAAP?
1 answer
asked by
Brian
483 views
How would I record this on the "Journal Entry" and at what amount?
Information for Year-End Adjusting Journal Entries December
1 answer
asked by
Maly
507 views
my question is.....
how or what are the steps to preparing general journal entries.
1 answer
asked by
student acc
397 views
Indicate whether a debit or credit decreases the normal balance of each of the following accounts:
a. Office Supplies e. Salaries
4 answers
asked by
Tee
1,823 views
Identify whether a debit or credit yields the indicated change for each of the following accounts:
a. To increase Store Equipment
2 answers
asked by
tee
750 views
A petty cash fund of $100 is replenished when the fund contains $3 in cash and receipts for $93. The entry to replenish the fund
4 answers
asked by
vivian
4,316 views
PLEASE HELP ME AND YOU ARE ALL BRIGHT AND I NEED YOUR HELP FOR SOLVING THIS PROBLEM.
PROBLEM 1: CARE p’ship at December 31 had
2 answers
asked by
jessie
528 views
The total revenue of the month of June amounted to $6,500; total expenses amounted to $3,500; and withdrawals amounted to $600.
3 answers
asked by
Tee
624 views
__________ accounts show the amount of money owed to the firm by customers.
A. Supply B. Prepaid C. Receivables D. Payables C
1 answer
asked by
Angela
328 views
A firm has $200,000 in total assets and $120,000 in owner's equity. What are the total liabilities?
A. $80,000 B. $200,000 C.
2 answers
asked by
Angela
511 views
Palomar Paper Products purchased land in 1990 for $15,000 cash. The company has held the land since that time. In 2008 Palomar
1 answer
asked by
wanda
481 views
Incomplete manufacturing costs, expenses, and selling data for two different cases
are as follows. Case 1 2 Direct Materials Used
4 answers
asked by
Renee
1,529 views
How are partnerships established?
Explain how the admission of a partner is accounted for on the books of a partnership?
2 answers
asked anonymously
90 views
Wilco Inc. declares a large stock dividend in the current reporting period. How will this transaction affect the accounting
2 answers
asked anonymously
93 views
Trusty Truck Company is a large trucking company. The company uses the units-of-production (UOP) method to depreciate its
2 answers
asked anonymously
140 views
Under the FIFO cost flow assumption and in a period of rising prices, cost of goods sold would be comprised of lower unit costs
2 answers
asked anonymously
127 views
Giovanni campany buys merchandise on account from Gordon campany. The selling price of the good is 780 birr ,and the cost of
2 answers
asked by
Eyasu
81 views
Steps of ledgers creation in tally prime
2 answers
asked by
Jr
59 views
To calculate the net profit for the tax year Ending sene june 30 , 2007.
2 answers
asked by
Tegegn Kao
75 views
Chameleos C. made $4,000,000 in credit sales and has $600,000 of accounts receivable at the end of the period. They also have a
2 answers
asked anonymously
100 views
On October 1, Organic Farming purchases wind turbines for $150,000. The wind turbines are expected to last five years, have a
2 answers
asked anonymously
116 views
Prepare all necessary journal entries for 2024,2025 , and 2026 related to each of the following scenarios: (a) On January 1,
2 answers
asked anonymously
166 views
The Mixing Department performs a series of processes in which a fluid chemical is concentrated. Records indicate that the Mixing
2 answers
asked anonymously
125 views
Florence Company received a bank statement showing a balance of $13,550 on November 30, 2019. During the bank reconciliation
2 answers
asked anonymously
145 views
Young's had a beginning accounts payable balance of $42,900 and an ending accounts payable balance of $44,800. Sales for the
2 answers
asked anonymously
114 views
XYZ heating and A/C, Inc., completed a heating repair job on December 30 for $2,500. An invoice was sent, and the bill is due
2 answers
asked by
Willie Carter
131 views
Which of the following statements is incorrect? a. The normal balance of the receivable account is a debit. . The normal balance
10 answers
asked anonymously
142 views
Which assumption makes the current - noncurrent classification of assets and liabilities on the balance sheet lose much of its
2 answers
asked anonymously
100 views
There are certain aspects of accounting and questions that an accountant may ask that the Conceptual Framework cannot provide.
2 answers
asked anonymously
119 views
At times there may be a contract that looks like a lease but may
not be a lease according to IFRS 16 can you describe the
1 answer
asked anonymously
70 views
mize company provided $45,500 of services on account, and collected $38,000 from customers during the year. the company also
2 answers
asked anonymously
73 views
Jamey is making a balance sheet for his auto shop. He has a bank loan for the new car hoist, the wages that he pays to his five
2 answers
asked by
tyler
108 views
Deferred income
2 answers
asked by
Tlokotsi Semela
66 views
Net income for the year is $25,000. Withdrawals of $36,000 per were taken at the end of the year. Which of the following occurs?
2 answers
asked by
bernagene
938 views
The standard costs and actual costs for direct labor for the manufacture of 2,500 actual units of product are as follows:
Standar
1 answer
asked by
Anonymous
840 views
E 5-11 Income (loss) recognition; percentage-of-completion and completed contract methods compared LO4
Brady Construction Company
4 answers
asked by
Lulit
1,158 views
What is the total stockholders' equity based on the following account balances?
Common Stock $450,000 Paid-In Capital in Excess
3 answers
asked by
TS
6,045 views
The Account Cycle
Bob night opened "The general's favorite Fishing Hole" The fishing camp is open from April through September
4 answers
asked by
Katie
2,437 views
Explain the applications of internal control principles to cash reciept and cash disbursements
1 answer
asked anonymously
88 views
Identify the principles of internal control activities
1 answer
asked anonymously
69 views
Distinguish items that are reported as cash
1 answer
asked anonymously
54 views
Reasons for doing creditors reconciliation statement
1 answer
asked by
Tlokotsi Semela
64 views
How is a Rest of the world accounts is structured
2 answers
asked by
English
46 views
List the 4 basic accounting principles which national economic accounts are built on.
2 answers
asked by
English
57 views
Jones Manufacturing sent Blue Company an invoice for equipment with a list price of $10,000. The invoice is dated July 27 with
3 answers
asked by
Jeffrey W
2,121 views
The standard costs and actual costs for factory overhead for the manufacture of 2,500 units of actual production are as follows:
4 answers
asked by
Anonymous
2,367 views
You are provided with the following transactions that took place during a recent fiscal year.
Complete the table indicating
2 answers
asked by
steven
856 views
What is the difference between income, revenue and profit and its relevance on the accounting equation?
1 answer
asked by
w
57 views
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