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The ledger of duston company contains the following balances: owner's capital $28900 owners drawing $1700 service revenue $48000 salaries expense 27100 and supplies expense 6200 Post the closing entries in the order presented in the problem and use the number as references
In calculating inventory turnover, why is cost of goods sold used as the numerator? As the inventory turnover increases, what increasing risk does the business assume?
andretti company has a single product called a dak. the company normally produces and sells 78000 daks each year at a
The net pay was directly deposited into the employee's bank accounts. What was the amount of net pay? Assuming Lightning Electronics must also pay $ 250 of unemployment taxes for this pay period, what amount would be reported as the total payroll cos..
Juan Foods pays off a long-term debt in full. Which one of the following statements best describes the appropriate book-keeping for this transaction?
Calculate the margin the Bell Division needed to earn in March in order for the residual income in March to be equal to $310,000
Lenny Florita, an unmarried employee, works 48 hours in the week ended January 12. His pay rate is $14 per hour, and his wages are subject to no deductions other than FICASocial Security,
Prepare the 2012 income statement for J. J. Putz Cruise Company
Write a 700- to 1,050-word paper in APA format comparing and contrasting the different types of accounting, namely accrual, cash flow, and fund accounting.
calculate eps reported before stock split andstock dividend.during the fiscal year ended september302009 worrell inc.
What is the accounting issue related to the use of these "excess assets" by companies?
1. when a companys activities involve production through natural growth or aging of biological assets plant or living
Provide a summary to the partners, outlining the advantages and disadvantages of forming the business as a partnership and the advantages and disadvantages of forming as a corporation. Recommend which option they should pursue. Justify your respo..
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