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Ken Cascioli and Bill Ryder need to make adjusting journal entries to prepare financial statements based on their first month activities. Make adjusting journal entries for the following events, referring to the transactions in E15- 10 as necessary.1. Record depreciation for 1 month on the ladders and other equipment.2. Record depreciation for 1 month on the pickup truck.3. Accrue interest for 1 month on the note referred to in transaction 2b.4. Record the cost of insurance for 1 month.5. Ken and Bill worked on the last 2 days of the month and earned a total of $ 850, but they did not collect cash because the last day of the month fell on a Tuesday. Make an accrual for their earnings.
a company has a policy of giving pay hikes based on performance. it does not offer any other benefits except those
Prepare the April 1, 2012, journal entry for Prince Company - Prepare the journal entry to record this payment.
newport manufacturing makes and sells backyard fire pits. each fire pit regularly sells for 269. the following cost
Michael owns stock in an S corporation. The corporation sustained a net operating loss this year. Michael's pro rata share of the loss is $5,000.
richard owns and manages an apartment building. this is richards only passive activity. the building generated a loss
nomar industries inc. operates in several lines of business including the construction and real estate industries.
As the owner of an online surfing gear business, you periodically study the customer paths on your site. This week you've noticed a high percentage of customers abandoning their orders at checkout.
How would you judge whether the new system is better than the old one?
Prepare the journal entry for the exchange of these similar assets. Prepare journal entries for the following for Bartz, Inc.
Collections during the year from down payments and installments totaled $300,000. Purchases for the year totaled $400,000; the cost of merchandise on hand at the end of the year was $80,000. Instructions: Using the installment-sales method, make s..
The scrap value of the project's assets at the end of the project would be $28,000. The payback period of the project is closest to:
werber clinic uses client visits as its measure of activity. during january the clinic budgeted for 2700 client visits
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