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Problem - On September 1, Rongo Co. issued a 45-day note with a face amount of $80,000 to Simone Co. for merchandise inventory.
Required -
a. Determine the proceeds of the note, assuming the note carries an interest rate of 8%.
b. Determine the proceeds of the note, assuming the note is discounted at 8%.
Record the correct adjusting journal entry at the end of the month for the transaction listed. Include proper date, accounts, amounts, debit and credit.
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How do you compare the accounting for enterprise funds with that of (a) businesses and (b) governmental funds
The department actually completed 600 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting
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assume for 2013 that don made one transfer involving his grandson as follows don opened a joint checking account with
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