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Caleb's Body Shop is a gym that sells annual memberships for $1,200. Each membership sold includes 12 coupons for $1 off at the gym's juice bar - the coupons are similar to gift cards. (When a gym membership is sold, therefore, the gym is obligated to provide two different services.) However, past experience shows that only 50% of the coupons are actually redeemed. State which accounts should be debited and credited, for how much, and explain why.
Give the journal entry to record the sale of one membership.
Explain the consequences of NOT eliminating a sale and purchase of a fixed asset between two companies within the group. Assume that the sale and purchase has resulted in a loss on sale.
Fuchsia provided services to 1,600 clients in the month of March and generated $23,500 as revenue. How much is the cost per service
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During the year, 25 systems were sold at a selling price of $579 each. Determine the cost of goods purchased during the year
It was consumed by the straight-line method, the scrap value is 40,000 and the useful life is 10 years. What is the result of selling the god?
The following labour standards have been established for a product: Standard labour hours per unit of output 7.5 hours Standard labour rate $15.25 per hour.
if you were to get a physical from your doctor and he or she only took your blood pressure prior to stating that you
How many additional shares of common stock could Carnival Corporation sell
Write clearly and concisely about U.S. government
The remainder of the 30-day month was spent in the general care area. Determine the budgeted overhead rate for each department
Explain the audit procedures for acquisition and disposal of property, plant, and equipment related to the occurrence, accuracy, and completion assertions.
prepare the asset section of the classified balance sheet listing the current assets in order of their liquidity. taken
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