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Burgh Industries sold $190,000 of kitchen appliances during September under a one-year warranty. The cost to repair defects under the warranty is estimated at 3% of the sales price. On October 15 a customer a $185 part replacement, plus $50 labor under the warranty. Provide Journal Entry for a) estimated expense on September 30 b) the October 15 warranty work.
Hollern Combines, Inc. has $10,000 of ending finished goods inventory as of December 31, 2010. If beginning finished goods inventory was $5,000 and cost of goods sold was $20,000, how much would Hollern report for cost of goods manufactured?
The present value of the minimum lease payments is $3,960,000. The lease is appropriately classified as a sales-type lease. Assuming the interest rate for this lease is 10%, how much interest revenue will Princess record in 2012 on this lease?
special order pricing - shorewood shoes company makes and sells a variety of leather shoes for children.nbspnbspfor its
The dash club of tampa, florida,collected receipes from memebers and published a cookbook entitled life of the party.the book will sell for $25 per copy.the chairwoman of the cookbook development committee estimated that the club needed to sell 10..
Discuss ideas for a new business in your community. Explain what is the new business will you provide and why your community is need of such a business.
It is the end of the accounting period, and your boss asks you to help determine the inventory balance to place in the company's balance sheet. Explain which physical quantities of inventory that you will include, and which you will exclude.
Which of the following funds of a government uses the same basis of accounting as a proprietary fund?
a parent holding company sells shares in its subsidiary such that the parent now owns only 65 of the subsidiary and
Exactly what forensic accountants are. People who work in this growing field investigate such white-collar crimes as business fraud, improper financial reporting, and illegal investment schemes.
what accounting factors are important before determining whether a pending lawsuit should be accrued as a liability and
What is the corporation's taxable income and what is the corporations pretax financial accounting income
What is the amount of gross profit? Show calculations. What is the amount of operating income? Show calculations. What is the amount of pretax income?Show calculations
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