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At end of the year, a company has a $1,200 debit balance in Manufacturing Overhead. The company:
(a) makes an adjusting entry by debiting Manufacturing Overhead Applied for $1,200 and crediting Manufacturing Overhead for $1,200.
(b) makes an adjusting entry by debiting Manufacturing Overhead Expense for $1,200 and crediting Manufacturing Overhead for $1,200.
(c) makes an adjusting entry by debiting Cost of Goods Sold for $1,200 and crediting Manufacturing Overhead for $1,200.
(d) makes no adjusting entry because differences between actual overhead and the amount applied are a normal part of job order costing and will average out over the next year.
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:
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standardnbsplbs standardmaterialquantity lbsnbspcostlbtotal costo00.100h800.086.40m1200.022.402008.80a company makes a
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what are the steps in completing the accounting cycle? how do the different steps affect the financial statements? what
Journalize the entries to record the liquidation out lined below, using Assets as the account title for the noncash assets and Liabilities as the account title for all creditors' claims.
given the information provided below prepare 1 a bank reconciliation in proper format and 2 the necessary journal
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Compute the consolidated gain or loss on a consolidated income statement for 2009.
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