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Financial Accounting
1) Please make entries , t accounts, trial balance , balance sheet and income statement for the following:
Bought a car for 1000Sold services for 50000Paid rent for 1000Took a loan for cash 1000Sold items on account receivable for 500
Got paid 100 on the accts receivable
2) You have the following accounts receivable balances
30 days due 1000 rate of uncollectible is 10%31-60 days due 2000 rate of uncollectible is 20%61-90 days due 4000 rate of uncollectible is 30%
Make the bad debt and uncollectible contra acct entry
3) You have a 100000 building that has a useful life of 10 years and a salvage value of 1000 what is the yearly depreciation entry?
Rohr Training Services (RTS) provides instruction on the use of computer software for the employees of its corporate clients. It offers courses in the clients’ offices on the clients’ equipment. The only major expense RTS incurs is instructor salarie..
create three financial statements for the Corporate Location and a combined financial statement for the three store locations (i.e., Atlanta, Dallas, Oxford).
Define the managerial controlling function, and discuss its relationship to the other managerial functions. Why do many people view controls negatively?
Which bonds value will be affected most if interest rates rise to 13 percent? which will be affected least?
Other than the accounts payable and mortgage, Sand Creek does not owe any debts to other creditors. Illustrate what is Laurel's initial tax basis in her LLC interest?
Journalize these transactions, first on the books of Arnold Drug Stores and second on the books of Gerson Pharmaceuticals. Assume both companies use the periodic inventory system.
Greeting card industry position and formulating plan - For the chosen trend, you are to comment on how the trend strengthens or weakens the competitive advantage and industry position strength of Shomei Cards and its competitors.
What is the company's cost of common equity if all of its equity comes from retained earnings? If the company issued new stock, it would incur a 8.5% floatation cost. What would be the cost of equity from new stock?
Describe issues in human resource management in organizations
The day the bonds hit the market, the bond price is quoted at 100. What is the bond's selling price and how does the company record this sale in its accounting information system?
West Distribution Co. has determined its December 31, 2007 inventory on a FIFO basis at $360,000. West records losses that result from applying the lower of cost or market rule. At December 31, 2007, the loss that West should recognize is
What was Gross Profit for Randy's Spa Supplies in February and What was the Gross Profit rate for Randy's Spa Supplies in February
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