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How would you journalize the January 31st entry for cost of goods sold?
January 5th Completed the purchase of an exquisite selection of tea leaves and mixtures for $2,000. 50% was paid in cash, the other 50% will be paid in 30 days.
January 31st Having consumed 75% of the tea at hand she purchases on account more tea for $1,000.
Credit Cost of goods $1500 ??
Debit Inventory $1000
Credit Accounts Payable $1000
Justings Co. owned 80% of Evana Corp. During 2006, Justings sold to Evana land with a book value of $48,000. The selling price was $70,000. In its accounting records, Justings should:
Identify and briefly discuss two types of user interfaces provided by an operating system. What are the benefits and drawbacks of each?
If the company were to buy the component, the machine would no longer be rented. The rent on the machine, in relation to the decision to make or buy the component, is:
Radon Homes' current EPS is $6.50. It was $4.42 5 years ago. The company pays out 40% of its earnings as dividends, and the stock sells for $36. Calculate the past growth rate in earnings.
Blue Corporation issues 200 packages of securities for $80 per package, or a total of $16,000. Each package includes four shares of $5 par common stock and one share of $30 par preferred stock.
Gordon paid the $10000 balance of his federal income tax three months late. Ignore daily compounding of interest. Determine the interest rate that applies relative to this amount.
on march 1 2011 joe miles purchased a suit at calvins fine apparel store. the suit cost 250 and joe used his calvin
What is the book value of the machinery
using the percentage of receivables method for recording bad debts expense estimated uncollectible accounts are 10000.
When would it be appropriate to use each type of system? What is the effect of each system on the product cost
a national grocers magazine reports the typical shopper spends six minutes in line waiting to check out. a sample of 16
Actual production required an overhead cost of $560,000, $1,100,000 in materials used, and $420,000 in labor. All of the goods were completed
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