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(a)design appropriate journal for these transactions(b)enter the transaction for June and total the journals at the end of June. The business offered both body massage andsolarium services to the public on a cash basis only.1 Jan - Contribute $10,000 into a business bankaccount(receipt 001). Paid rent for premises incluiding GST (cheque 501)4 - Paid Advertising $198incl. GST (cheque 502)5 - Purchaseequipment on credit from EQ, $550 inc. GST6 - Contribute stereosystem into the business valued at $900 (memo 1).7 - Cash takings-massage,$154 inc. GST; solarium, $66 inc. GST (CRS).8 - Paid public LiabilityInsurence, $440 inc. GST (cheque 503)9 - Pais extra wages of$200 from own personal bank account (memo 2)
Mary, a single taxpayer with two dependent children, has the following items of income and expense during 2010:
What amount will be reported in the Estimated Warranty Liability account on the December 31, 2011 balance sheet?
I assume that sales grow at the rate of inflation, capital expenditures are equal to depreciation, and that net profit margins and working capital to sales ratios stay constant."What pattern of return on equity is implied by these assumptions? Is ..
What does the cost manager do? What information does the cost manager get and how does he use it? What decision does the cot manager make about production and how does it affect shareholders?
Write a 1,050- to 1,400-word paper that addresses your client's request by summarizing research from the FASB Accounting Standards Codification website and other sources.
Due to an increase in labor rates, the company estimates that variable costs will increase by $3 per ball next year. If the expected change in variable costs takes place, how many balls will have to be sold next year to earn the same net operating..
How would we find out the cost of normal spoilage so that we can record it in general ledger? How would we fin out the cost of normal spoilage so that we can record it in general ledger
Under the condemnation award, Gordon receives $200,000 for the land. Within the same year, he replaces the property with other grazing land. What is Gordon's tax situation if the replacement land cost:
From the e-Activity, examine how the company you researched can reduce costs to increase the contribution margin and analyze the impact of CVP analysis on strategic decisions. Design a short situation to demonstrate the impact of fixed costs on out..
Cost and fair value data for the trading securities of Clifford Company at December 31, 2010, are $100,000 and $74,000, respectively. Which of the following correctly presents the adjusting journal entry to record the securities at fair value?
When there are conflicts, how might government regulations or laws tilt the firm toward 'doing good'?
Prepare the operating section of the statement of cash flows under the indirect method and the direct method.
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