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The bookkeeper for Bradbury Company asks you to prepare the following accrued adjusting entries at December 31.
1.
Interest on notes payable of $400 is accrued.
2.
Services provided but not recorded total $1,900.
3.
Salaries earned by employees of $900 have not been recorded.
Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable.
Both Mr. Jones and Mrs. Green earned $50,000 gross in 2009. Yet, Mr. Jones owed IRS $600 on his tax return while the IRS owed Mrs. Green $600 on her tax return.
How has public criticism of the Public Accounting Profession contributed to workplace deviance? What solution are there to decrease deviance in public accounting firms? At least 150 words, thanks for your help in this matter.
Barry owns a 25% interest in a continuing partnership. the partnership distributes a $20,000 year-end cash bonus to all the partners. in a proportionate nonliquidating distribution, the partnership also distributed property (basis of $2,000; fair ..
Heather & Terry have a mortgage on their primary residence of $750,000 and a mortgage on their vacation home of $410,000. In 2013, they incurred $46,400 of mortgage interest expense. How much, if any, of that interest is deductible on Schedule A?
Requirement 1 ($ in millions) 2011 2012 2013 Contract price $340 340 340 Actual costs to date $70 150 200 Estimated costs to complete $150 90 0 Total estimated costs $220 240 200 Estimated gross profit (actual in 2013) $ 120 100 140
The estimated revenues control account of star city general fund is eliminated when:
Prepare the necessary journal entries for the years ending December 31, 2009, 2010, and 2011. Show all computations.
why are noncash transactions such as the exchange of common stock for a building for example included on a statement of
Chen, Inc. purchases 1,000 shares of its own previously issued $5 per common stock for $12,000. Assuming the shares are held in the treasury, what effect does this transaction have on (a) net income, (b) total assets, (c) total paid-in capital,..
Barnes and Miller manufacturing is trying to determine the equivalent units for coversion costs with 3000 units of ending work in process at 80% completion and 14000 physical units. there are no beginning units in the department.conversion costs o..
Randy has been asked to develope an estimate of the perunit selling price (the price that each unit will be sold for) on a new line of hand crafted booklets that offer excuses formissed appointments.
Discuss the challenges related to comparing financial statement prepared in different accounting methods. For example, US GAAP and IFRS.
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