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For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much.
a. The adjustment for accrued wages of $4,150 was journalized as a debit to Wages Expense for $4,150 and a credit to Accounts Payable for $4,150.
b. The entry for $1,290 of supplies used during the period was journalized as a debit to Supplies Expense of $1,290 and a credit to Supplies of $1,920.
1. the total of the cash column in the cash receipts journal isa. 13257.20b. 7257.20c. 13167.20d. 7167.202. the total
Landry's Restaurants reported cost of goods sold of $322 million and accounts payable of $83 million for 2003. In 2002, cost of goods sold was $258 million and accounts payable was $72million. What was Landry's accounts payable turnover ratio in 2..
Lebron received $50,000 of compensation from his employer and he received $400 of interest from a municipal bond. What is the amount of Lebron's gross income from these items?
early customers at graffiti week balk at the price for moondoggie reserve. the marketing department at dfw jolene
An outdoor products company wants to test a new website design where customers can get information about their favorite outdoor activity. They randomly send half of the customers coming to the website to the new design.
Mabry's Consulting Services experienced the following transactions for 2013, the first year of operations, and 2014. Assume that all transactions involve the receipt or payment of cash.
outdoor outfitters has created a flexible budget for the 70000-unit and the 80000-unit levels of activity as shown
Prepare the income statement of owner's equity for the calendar year 2009 and the classified balnace sheet at December 31, 2009. Prepare the necessary closing entries at December 31, 2009.
the following information is available for maher manufacturing company. -- direct materials price standard is 3.25 per
What should be the nature of its lease arrangements with lessees if the company wishes to account for its lease transactions as sales-type leases?
For each of the following events, identify whether it is an external event that would be recorded as a transaction (E), an internal event that would be recorded as a transaction (I), or not recorded (NR).
excludable gifts. which of the following would be includible in gross income?alice appeared on a tv quiz show and
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