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Question - Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from customers, $300,000; Cash paid for rent, $32,000; Cash paid to employees for services rendered during the year, $112,000; Cash paid for utilities, $42,000.
In addition, you determine that customers owed the company $52,000 at the end of the year and no bad debts were anticipated. Also, the company owed the gas and electric company $1,200 at year-end, and the rent payment was for a two-year period.
Required - Calculate accrual net income for the year?
Prepare a payroll register for Gridiron Industries, Inc., for the week ended December 7, 2012. Use the following columns for the payroll register
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judy is a self employed musician who performs for a variety of events. this year judy was fined 250 by the city for
Prepare the journal entry for Ayayai Corp. to write off the Blossom receivable and any journal entry necessary to reflect the notice regarding Sunland Company
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On January 1, 2017, Only You Merchandise Ltd. has 5,000 common shares issued for a total of $7,500, Calculate the number and average price of common shares
Liz Figgie, the chief financial officer for Pine City, is involved in the planning process for an arena. The city is trying to attract a professional basketball
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