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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
498 views
A company had 120,000 shares of common stock outstanding on January 1 and then sold 40,000 additional shares on March 30. Net
2 answers
asked by
James
482 views
I am struggling with the operating activities section of this as in what titles of accounts I should use in this section and do
2 answers
asked by
Tricia
540 views
On the balance sheet it states that bonds payable is $32,000 and Discount on bonds payable is $2000. When it says that the
2 answers
asked by
Fred
593 views
Three years back, Mr. Az bought a property from Mr. Za for $100,000 under a term. Today, after the depreciation property's book
1 answer
asked by
Khan
1,215 views
Indicate how each of the following six different transactions a company would make would affect (i)cash and (ii) net working
1 answer
asked by
pioneer2006
966 views
A piece of equipment is purchased on May 1, 2007 for $80,000 and has a residual value of $5,000. The equipment's useful life is
1 answer
asked by
Mercedes
491 views
Why is Simon taking this action?
Is her action ethical? Give a reason, identifying the parties helped and the parties harmed by
1 answer
asked by
Help T
514 views
Why is Simon taking this action?
Is her action ethical? Give a reason, identifying the parties helped and the parties harmed by
1 answer
asked by
Vision7
478 views
How do i develop a cash flows statement?
Please help!
1 answer
asked by
Miss D
294 views
Does anyone have any idea what the Acronym ADE / CLR stands for? Thanks for your help.
2 answers
asked by
Crystal
927 views
Could somebody please explain how to compute the "relative sales value at split-off"? I am given the amount of products a & b,
1 answer
asked by
anonymous
348 views
The question is:
Deferred expenses have _________. choices below got to choose from 1. not yet been recorded as expenses or paid
3 answers
asked by
Carrie
527 views
Argo Sales Corporation has in recent years maintained the following relationships among the data on its financial statements:
Gro
1 answer
asked by
Peace
633 views
A business pays weekly salaries of $20,000 on Friday for a five-day week ending on that day. The adjusting entry necessary at
1 answer
asked by
Carrie
894 views
I can't get the balance sheet, well, balanced.
Accounts Receivable 120600 a Land 1500000 a Notes Receivable 61200 a Insurance
1 answer
asked by
Jess
469 views
I am just wanting to see if i chose the right answer.
Deferred expenses have _________. not yet been recorded as expenses or paid
1 answer
asked by
Cindy
439 views
Can anyone give me a list of contra accounts and the accounts that they are contra counts too
1 answer
asked by
Alex
321 views
What are two distinct obligations incurred by corporations when issuing bonds?
3 answers
asked by
James
577 views
For my assignment I was asked to complete a journal for the Portand After School Program. I have completed it, but I know I did
4 answers
asked by
Jess
550 views
Why are cost per output and cost per outcome calculations valuable to a human service agency?
1 answer
asked by
Jess
445 views
Write a 200- to 300-word response to the following: Why are cost per output and cost per outcome calculations valuable to a
5 answers
asked by
Jess
1,045 views
Year end inventory at cost $55,902, at retail 84,700.
Questions: A year-end physical inventory at retail prices yields a total
2 answers
asked by
Jill
480 views
What should be the general entries for a revenue which was earned in 2007 but not received till January 2008. Please tell me
1 answer
asked by
Eric
455 views
What should be the general entries for a revenue which was earned in 2007 but not received till January 2008. Please tell me
2 answers
asked by
Eric
814 views
I just wanted to get some clarification on analyzing a balance sheet.
a)Accounts payable and accrued liabilities at the beginning
1 answer
asked by
Harold
413 views
For each fiscal year 2003, 2002, and 2001, is the amount of cash provided by operating activities
more or less than the cash paid
1 answer
asked by
Adrian
386 views
Is a straigh-line amortization basis for trademarks required under U.S GAAP ? or is another method required ?
1 answer
asked by
Sarah
322 views
Burrand Company estimates that annual manufacturing overhead costs will be $600,000. Estimated annual operating activity bases
3 answers
asked by
jimmy
563 views
A deposit of $1,250 that was incorrectly in the checkbook as 1,200 should be
a. added to the checkbook b. deducted from the
5 answers
asked by
Chels
855 views
What is the amount for drawings and ending capital for the following?
Information related to the proprietorship of Laura Mills,
1 answer
asked by
Anonymous
959 views
══════════════════════
Memo: Whomever Date: A few minutes ago … From: Marie,
1 answer
asked by
marie
365 views
What is the primary difference between a performance budget and a program budget?
1 answer
asked by
Jess
373 views
I thought a post closing trial balance is when you list all your accounts and their credit/debit amount and then debits should
1 answer
asked by
Seana
434 views
What does the Market Value of a company's stock represent?
What does the Book Value of a company stock represent? How is this
1 answer
asked by
Del
422 views
If you are thinking about buying common stock in a company and the company has preferred stock outstanding, what do you want to
1 answer
asked by
Del
390 views
When a corporation issues common stock what is the impact on the financial statements (assets, liabilities, stockholders'
1 answer
asked by
Del
443 views
Assume that October's credit sales were $35,000. In the space below record the journal entry for the provision for uncollectible
3 answers
asked by
Misty
611 views
Each of the following items was found on the financial stateme Company for the year ended December 31, 2007:
Net income from
2 answers
asked by
An-G
559 views
What is the overall goal of consolidated financial statements? Why are 100% of the assets and liabilities of an investee
1 answer
asked by
Del
614 views
What is minority interest? In what ways is it like debt and in what ways is it like equity?
1 answer
asked by
Del
383 views
What is meant by the statement “One company’s account receivable is another company’s account payable?
1 answer
asked by
Yvette
390 views
Stockholders’ equity represents the claim of the owners on the assets of the business. What is the distinction relative to the
1 answer
asked by
Yvette
608 views
A company has two major businesses that it operates. One business manufactures and sells unicycles for commercial use in
2 answers
asked by
Anonymous
1,008 views
What are cookie jar reserves? How are they used?
1 answer
asked by
Jenny
359 views
Max Stevenson owns a local drug store. During the past few years, the economy has been experiencing a period of high inflation.
1 answer
asked by
Jenny
1,020 views
Discuss similarities and differences in the roles economists play as policy advisors and as scientists. How would advice offered
1 answer
asked by
Sherrie
462 views
Please double check me.
Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Office
2 answers
asked by
Kim
752 views
After aging the accounts receivable, it si estimated that $800 will not be collected and the allowance account has a debit
1 answer
asked by
Valeria
413 views
Olympic Theatre Inc. owns and operates movie theaters throughout Texas and California.Olympic Theatre has?
declared the following
2 answers
asked by
Sarah
538 views
(Dollar-Value LIFO) Presented below is information related to Dino Radja Company.
Ending Inventory Price Date (End-of-Year
1 answer
asked by
Gurtie
1,100 views
pierce co has a june 30 fiscal year end. it estimated its annual property taxes to be 24000 based on last year's property tax
1 answer
asked by
Luc
1,252 views
I am working on a problem that wants me to make a balance sheet and income statement for the Argo Sales Company based on some
3 answers
asked by
Rene
543 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
2,428 views
compute the amount that a 20,000 investment today would accumulate at 10% (compound interest) by the end of 6 years.
1 answer
asked by
adam
358 views
Accounts receivable in the amount of 250,000 were assigned to the fast Finance Company by Nance INC as security for a loan of
3 answers
asked by
adam
1,420 views
I am not even sure where to get started on this.
Reisen Travel offers helicopter service from suburban towns to John F. Kennedy
2 answers
asked by
ACC Help
581 views
Hi,
Please would it be possible to advise me on this problem? Should asset purchases be included as expenses if they are paid
1 answer
asked by
Sam
453 views
Using the data in situation a of Exercise 11-6, prepare the employer’s September 30 journal entries
to record (1) salary
2 answers
asked by
Debbie
1,262 views
I need to prepare a cash flow statement and determine total cash inflows and total cash outflows.
Rent for the month $650 Monthly
2 answers
asked by
stuckinmath
480 views
On Dec 31, 2007, before adjusting entries, the blances of selected accounts for the company were as follows:
Accounts receivable
2 answers
asked by
stuckinmath
534 views
R company putchased many tools during 2007 at a total cost of $8,100. Some tools were expected to last a few weeks, some for
1 answer
asked by
stuckinmath
909 views
you have been hired into a new company to oversee the accounting department. What type of financial reposts would you expect to
4 answers
asked by
greatdanelola
983 views
Appalachian Register, Inc. (ARI) has current sales of $50 million. Sales are expected to grow to $75 Million next year. ARI
1 answer
asked by
Maggie
787 views
Determine the profit margin with the following;
Income tax expense: 139,200 Sales: 1,348,000 Selling expense: 383,100 Interest
2 answers
asked by
Bailey
867 views
Use the Internet to select a publicly traded company that you believe works with cost
information. • Due Date: Day 7
1 answer
asked by
Weedro
401 views
how should mixed costs be classified in CVP analysis? What approach is used to effect the appropriate classification?
2 answers
asked by
greatdanelola
554 views
Given the following data, the gross profit for the fiscal year would be__.
Freight-In on merchandise purchased $1,500;
2 answers
asked by
GiGi
711 views
When the net price method of recording purchases is used, the debit to purchases is for:
1 answer
asked by
Greg
317 views
So in accounting there are 3 responsibility centers which are:
Cost Center Profit Center Investment Center Why do these 3 need
4 answers
asked by
greatdanelola
465 views
Can anyone tell me if this is correct?
I have been hired into a new company to oversee the accounting department. What type of
2 answers
asked by
Anonymous
550 views
Redmon Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements
journal, and a general
2 answers
asked by
Rhonda
1,522 views
On January 1, 2006 two individuals invested 510000 each to form Steve Corporation. Steve had total revenues of 240000 during
1 answer
asked by
Maddie
419 views
A company using the periodic inventory system has the following account balances: Merchandise Inventory at the beginning of the
2 answers
asked by
Angela
1,317 views
Omission of a prepaid expense adjusting entry will have what effect?
2 answers
asked by
Stephan
577 views
Your firm has the following income statement items: sales of $50,250,000; income tax of $1,744,000; operating expenses of
7 answers
asked by
Mervice Townsend
1,231 views
Interest on a $20000 one-year 10 percent note payable dated October 1 2007 was not recorded. The 10 percent interest is payable
4 answers
asked by
Maddie
664 views
E 5-11 Income (loss) recognition; percentage-of-completion and completed contract methods compared LO4
Brady Construction Company
4 answers
asked by
Lulit
1,149 views
Harding Company is in the process of purchasing several large pieces of equipment from Danning Machine Corporation. Several
4 answers
asked by
Eyob
2,417 views
Do companies have only one revenue account?
1 answer
asked by
Adalia
292 views
Which type of corporate information is not available to investors?
2 answers
asked by
Reneda
782 views
How does the cost system work?
1 answer
asked by
Evan
280 views
How and why variances are used?
1 answer
asked by
Bob
272 views
Calculate the future value of the following:
o $5,000 compounded annually at 6% for 5 years o $5,000 compounded semiannually at
4 answers
asked by
Kim
1,084 views
BJK Company purchased 1000 shares of its own outstanding $10 par value common stock for $14 per share and then sold 400 shares
1 answer
asked by
Simone
464 views
what are the outside factors upon which the conclusions drawn from financial statements and financial statement analysis are
3 answers
asked by
Pat
883 views
purchases account is classified as:
a. an expense account b. an asset account d. a cost account
1 answer
asked by
cookie monster
959 views
How does the frequency of interest compounding, regardless of the rate of interest or period of accumulation, affect the future
1 answer
asked by
Jin
397 views
In activity-based costing, an activity is any even, action, transaction, or work sequence that incurs cost when producing a
1 answer
asked by
Jessie
416 views
What does it mean when the accumulated deficit on a balance sheet is a (loss)?
1 answer
asked by
Angel
291 views
The question is, indicate which of the following accounts normally require an adjusting entry. The accounts are Salaries
1 answer
asked by
Teresa
435 views
How does discounted cash flow differ from the other valuation methods?
1 answer
asked by
Jin
362 views
Classify the following Users of information as either:
Internal User External User; trading partner External User; Stake holder
2 answers
asked by
Peter
614 views
What are the eight accounting concepts?
1 answer
asked by
Lil
280 views
Kam Motor Company manufactures automobiles. During September 2007 the company purchased 5,000 head lamps at a cost of $9 per
2 answers
asked by
Becca
482 views
What account class would cash prize payment be under?
A. Operating expense B. Cost of Goods Sold C. Asset D. Expense E. Liability
1 answer
asked by
Larry
881 views
The Dec. 31, 2001, balance sheet includes the following items:
9% bonds payable due 12/31/2010 $800,000 Discount on bonds payable
2 answers
asked by
Cindy
562 views
In 2000, purchased land for $5,600,000 that had a natural resource supply estimated at 4,000,000 tons. When the natural
1 answer
asked by
Cindy
508 views
Take a publicly traded company (Nestle -- see attached) that conducts business in both the U.S. and in a foreign country and
1 answer
asked by
Mary
452 views
The Suns bought a reconditioned DC 3. They paid 1 million in cash and signed a promissory note with no stated interest rate for
1 answer
asked by
rockie
374 views
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