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The following selected transactions were completed by Cactus Co., a supplier of velcro for clothing:
2007
Dec. 13. Received from Lady Ann's Co., on account, a $60,000, 90-day, 9% note dated December 13.
31. Recorded an adjusting entry for accrued interest on the note of December 13.
2008
Mar. 12. Received payment of note and interest from Lady Ann's Co.
Journalize the transactions.
capalbo corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. at the
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Journalize the adjusting entry for bad debts on December 31, 2008, assuming that the unadjusted balance in the allowance for doubtful accounts at that time is a debit of $1,000 and an aging schedule indicates that the estimated value of uncollecti..
A chair manufacturer has two divisions: framing and upholstering. The framing costs are $100 per chair and the upholstering costs are $200 per chair. What is the minimum transfer price for this company?
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What was the amount of the projected benefit obligation at year-end? (Enter your answer in millions. Omit the "tiny_mce_markerquot; sign in your response.)
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mr. man has been working for a trading company as a sales manager for many years. his current monthly salary is 20000.
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Clark Pierce conducts a wholesale merchandising business that sells approximately 5,000 items per month with a total monthly average sales value of $250,000.
Give the entries required for 2011 and 2012 to account for the 2,200 contracts.
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