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1) Received an banked cash of $1,265 for the cash sale of an kitten.
2) Paid last month's electricity bill of $89 by bank transfer. The bill had been recorded in accounts payable.
3) Received the monthly invoice of $40 for digital advertising with Facebook which is paid by direct debit on date of invoice.
4) Invoiced Pets Ltd $1,200 for kittens supplied for sale in their retail store.
Problem 1: How to record these four transactions to the general journal?
Taking this into account, your marginal cost of a midsized automobile is $12,000. What price should you charge for a midsized automobile
How much more or less cash did Murphy USA collect from customers than it recognized in revenue in 2016? Explain with an example with an example.
Do an analysis by calculating the remaining percentage of shares owned by Mr. Chen as a result of the financing carried out by stage investors first
If unit sales prices are $34 and variable costs are $24 per unit, how many units would have to be sold to break-even if fixed costs equal $23,000?
Serene Spa Sales uses the perpetual inventory system and the gross method of accounting. Prepare journal entries to record these transactions and events
Scoresby Co. uses 6 machine hours and 2 direct labor hours to produce Product X. It uses 8 machine hours and 16 direct labor hours to produce Product Y.
Calculate the accrued interest on the note at December? 31, 2017.? (Round any intermediate calculations to two decimal? places, and your final answer)
The Hall Trust is required to distribute $1,000 in year 3 to trust beneficiaries. What is the income distribution deduction for the Hall Trust in year 3?
On grant date, the entity estimates that the fair value of the share options, with an exercise price of P20, What is the compensation expense
How toSuggest one action management can take to mitigate the risk of fraud occurring when financial statements are being compiled. Provide the suitable example.
Comp Co. is confident that the $63,200 will also be paid on time. How much income should Comp. Co recognise at the time the IT services are provided?
Identify the family's current stage of the life cycle based on the text reading and specify areas of high importance for them at this time.
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