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Stein agrees to pay Choi and Amal $10,000 each for a one-third (33 1/3%) interest in the Choi and Amal Partnership. Immediately prior to Stein's admission, each partner had a $30,000 capital balance. Make the journal entry to record Stein's purchase of the partners interest.
started in process 9200 units completed and on hand 700units in process at end of period 1000 units complete as
Cash sales are 30% of total sales and all credit sales are expected to be collected in the month after the sale. What is the total amount of cash expected to be received from customers in May?
perdue company purchased equipment on april 1 2012 for 270000. the equipment was expected to have a useful life of
At the begining of 2009, Emily corporation issued 14000 shares of $100 par, 4% cumulative, preferred stock for $110 per share. no dividends have been paid to preferred share holders.
Expenditures were 4000000 in 2011 and 2050000 in 2012 which included a change to the original construction design in the amount of 50000. what amount should be added to net capital assets in the governmental accounts in 2012?
Purchases made on Sonic Sales Company credit cards submit payments
With a good understanding of the requirements document, an understanding of the necessary decisions, and a sketch of the worksheet, the next step is to ____.
Sam quit his job as an accountant withWe Keep Books Accurately to open his own accounting firm. He earned $40,000 with the accounting firm We Keep Books Accurately. During the current year Sam had revenues of $150,000 and total expenses of $110,00..
tony and suzie graduate from college in may 2012 and begin developing their new business. they begin by offering
Compute the consolidated gain or loss on a consolidated income statement for 2009.
Prepare the REA model of the payroll process
1 on january 1 2011 ace electronics purchased a patent for 2000000 cash which allows ace the exclusive legal right to
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