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At October 1, 2010, Padilla Industries had an accounts payable balance of $30,000. During the month, the company made purchases on account of $25,000 and made payments on account of $40,000. At October 31, 2010, the account payable balance?
On May 1, 2004 Giltus Advertising Company received $1,500 from Julie Bee for advertising services to be completed April 30,2005. The Cash receipt was recorded as unearned fees and at December 31,2004, $500 of the fees had been earned. The adjust..
Compute depreciation expense on the machine for the year ending December 31, 2010, and the year ending December 31, 2011, using the Straight-line method
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Prepare the adjusting entry that records bad debts expense. Prepare the journal entry that records a write-off of a $700 uncollectible account receivable.
During the year Daniel's share of partnership income was $8,500, while he received distributions from the partnership of $4,000. Daniel's partner return on equity is:
What do you think would be an acceptable return on investment in the current economic climate? Please explain.
p corporation acquired 80 of s corporation on january 1 2011 for 240000 cash when ss stockholders equity consisted of
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