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At december 31, the unadjusted trial balance of H&R Tacks reports Supplies of 9,000 abd supplies expense of 0. On decmber 31, supplies costing 7,000 are on hand. Prepare the adjusting journal entry on decmeber 31. In separate t-accounts for each account, enter the unadjused balances, post the adjusting journal entry and report the adjusted balance.
The education expense was for a 2 week nighttime course in business management. Smith believes the expenditure should qualify as an ordinary and necessary business expense. What net income should Smith report from his business? Smith is on the cas..
jeelani construction company is composed of two divisions 1 home construction and 2 commercial construction. the home
if you were a small business owner would you implement an activity-based costing system. what potential benefits or
gq company produces its product in a single processing department. direct materials are added at the start of the
Dominic Hunter, a second- year business student at University of Utah, wll graduate in two years with an acoounting major and a Spanish minor. Hunter is trying to decide where to work this summer. He has two choices: work full time for a bottl..
ursula company maintains a petty cash fund for small expenditures. the following transactions occurred over a 2-month
Illustrate the effects of the payment of the face value of bonds at maturity on the accounts and financial statements.
During the past year a company had total fixed costs of $70,000. Its product sold for $9 per unit. Variable costs during this time equaled $5 per unit.
the thompson corporation a manufacturer of steel products began operations on october 1 2011. the accounting department
find the smallest number such that if its rightmost digit is placed at its left end the new number so formed is
The Illinois company manufacturers a product that goes through three processing departments.
when you undertook the preparation of the financial statements for roger company at january 31 2011 the following data
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