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Opened a business bank account with a deposit of $75,000 in exchange for capital stock.purchased supplies on account, $3,000.Paid creditors for account payable,$1,000. Received cash from Revenue earned on insurance commissions, $11,800. Paid rent on office and equipment for the month, $4,000. Paid automobile expenses for month, $600, and miscellaneous expenses, $200. Paid office salaries, $2,500. Determined that the cost of supplies used during the month was $1,100. billed insurance companies for Revenue earned, $12,500.Paid dividends, $5,000.
at the beginningof the year caples co had total assets of 800000 and total liabilities of 300000. if during the year
burke corporation was organized on january 1 2014. it is authorized to issuenbsp10600nbspshares of 8 101nbsppar value
How can an effective system of internal controls lead to increased sales revenue?
Compute the number of units of each product that Yard Tools must sell in order to break even under this product mix.
frantic company had 130000 in sales on account last year. the beginning accounts receivable balance was 10000 and the
on january 1 2013 the mason manufacturing company began construction of a building to be used as its office
internal controls are required to safeguard assets and to ensure ethical business practices. identify and explain the
A notice was received from the Last District Bankruptcy Court. Air Chance was declared bankrupt. The airport collected only $ 1,000 on its bill of $ 3,000.
humes corporation makes a range of products. the companys predetermined overhead rate is 17 per direct labor-hour which
1. where would the acquisition of a new building valued at 250000appear on the statement of cash flows if the
examine the following book-value balance sheet for university products inc. the preferred stock currently sells for 10
an investor bought a one-acre lot on the outskirts of a city for 9000 cash. each year she paid 80 of property taxes .
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