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At the begining of the year, acompanies balance sheet reported the following balances:Total Assets= $125,000; Total Liabilities=$75,000; and Owners Capital=$50,00.Durning the year thr company reported revenues of $46,000 and expenses of $30,00. In addition, the owners withdrawls for the year totaled $20,00. What would the entry be to close the expenses.
on february 1 2012 buffalo corporation issued 2870 shares of its 7 par value common stock for land worth 36160.prepare
On February 1, 2010, Pat Weaver Inc. (PWI) issued 9%, $1,400,000 bonds for $1,700,000. PWI retired all of these bonds on January 1, 2011, at 102. Unamortized bond premium on that date was $142,800. How much gain or loss should be recognized on thi..
susan brauns regular hourly wage rate is 30 and she receives an hourly rate of 45 for work in excess of 40 hours.
for many years diehl company has produced a small electrical part that it uses in the production of its standard line
The redemption qualifies for sale or exchange treatment, and Ali has no other transactions in the current year involving capital assets?
a store was rented for 550 per month. a lease was signed for one year on march 1. rent for the first 3 months was paid
victoria hair salon styles hair in three operations washing cuttingsetting and drying and charges 25 per styling. each
Which of the following is the correct entry to record the payment by Underwood Inc., within the 10 days if the company uses the periodic inventory system and the gross method to record purchases?
domestic violence calls pose a high level of risk to the law enforcement officers who respond to them. discuss the
Use the following information to complete Paul and Judy Vance's 2013 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps.
What gain or loss must be recognized on the distribution, and who must recognize it?
Sylva transfers to Leaf Corporation a machine she had purchased a year ago for $50,000. The machine has a $40,000 adjusted basis and a $55,000 FMV on the transfer date.
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