Compute the relevant amounts for the companys short-term

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Reference no: EM132984255

Question: You've just started your first accounting job, as the accounts payable and payroll clerk for Copperfield and Company, a provider of delicate wine glasses to restaurants. Your predecessor left the job suddenly, and was not able to complete all the tasks before leaving. You need to get up to speed and complete the unfinished tasks as soon as possible.

Your tasks on your first day are the following:

1. Review the Payroll Journal entries made by your predecessor.

2. Compute the relevant amounts for the company's short-term note payable and determine whether your predecessor's journal entries are correct.

3. Confirm the journal entry for this year's payment on an installment note.

4. Make a recommendation as to whether the company should journalize any warranty expense for the month.

Reference no: EM132984255

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