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Adjusting Entries: Wizard Industries purchase $12,000 of merchandise on February 1, 2010, subject to a trade discount of 105 and with credit terms of 3/15/, n/60. It returned $3,000 (gross price before trade or cash discount) on February 4. The invoice was paid on February 13. Assuming that Wizard uses the periodic method for recoding merchandise transactions, record the purchase, return, and payment using the gross method. For each journal entry write Dr. for debit and Cr. for credit.
on july 1 2014 bamazon corporation issued 1000000 of 6 debentures to yield 7. the entire bond issue was purchased by
Which of the following should be reported as a change in accounting estimate?
1. Alpha Co. sold 10,000 shares of common stock, which has a par value of $10, for $13 per share. Their balance in retained earnings in $75,000. Prepare a stockholders' equity section of the company's balance sheet.
A company produces and sells pillows. It expects to sell 10,000 pillows in the year 2012 and had 1,000 pillows in finished goods inventory at the end of 2011.
Are you familiar with any foreign income tax planning strategies that are utilized by some multinational corporations? Do you know of any of the intricacies of how foreign income taxes impact the consolidated financial statements of a US parent?
describe what the statute of limitations means to a taxpayer and the irs. also there are three primary periods or time
uxmaiz corporation had only one job in process during may-job x32z-and had no finished goods inventory on may 1. job
question 1. tco a platypus building inc. won a bid for a new office building contract. below is info from the project
Dana La Fontsee opened Pro Window Washing Inc. on July 1, 2012. During July the following transactions were completed:
on january 1 2009 carlin corporation issued 2400000 of 5-year 8 bonds at 95 the bonds pay interest semiannually on july
Regarding the gift-splitting provision of 2513, comment on the following.
Prepare a properly classified balance sheet for the Green Manufacturing Company on December 31, 2007. List the additional parenthetical or note disclosures (if any) that should be made for each item. Compute the working capital and the current rat..
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