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Question 1: Make journal entries in Sage50 for the following transactions, and write down the steps followed while working on Sage50:
(a) Mr. Nazim started business with $ 80,000 (bank) & furniture $ 10,000
(b) He purchased van for $ 5,000 paying by cheque.
(c) He purchased fixtures for office $ 1,000 paying by cheque.
(d) He paid advance rent $ 4,000 from the business bank account.
(e) He has received telephone bill $100 but not paid yet.
Prepare adjusting journal entries for the year ended (date of) December 31, 2017, for each of these separate situations.
On June 1, The Stan still stationary store purchased merchandise inventory with an invoice price of $5000. What is the correct amount in its inventory account
he 20X5 records of Western Company showed beginning inventory, $100,000; The amount of cost of goods sold to be reported in the Income Statement of 20X5 is:
The following costs related to Summertime Company for a relevant range of up to 20,000 units annually:
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On Jan 1. 2009, Clintwood corporation issued a $1,000, ten-year, 10% bond payable (interest payable each dec 31) For the 3 assumptions below complete the following schedule assuming the accounting year ends dec 31, and straight-line amortization i..
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Describe the fixed and variable components of the Hydraulic Hoist. Determine what the cost of not producing goods would be to the firm.
Gardial& Son has an ROA of 12%, a 5% profit margin, and a return on equity equal to 20%. What is the company's total assets turnover? What is the firm's equity.
Cabinaire Inc. is one of the largest manufacturers of office furniture in the United States
you are considering two investments a and b. both investments provide a cash flow of 100 per year for n years. however
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