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Question - Equipment World established a $500 petty cash fund on July 1. During the month of July, petty cash was issued in exchange for the following receipts:
July 2 Supplies $65
July 10 Postage expense 52
July 17 Freight out 125
July 25 Advertising expense 47
July 28 Meals expense 70
On July 31, the cash is counted and the balance remaining is found to be $136. A cheque is issued to replenish the fund.
Instructions - Make the necessary journal entries for July 1 and July 31.
Required - Use the per unit contribution margin approach to determine the sales volume in units and dollars required to earn the desired profit
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On January 1, 2018, XYZ Company paid $380,000 to purchase land, building, and equipment. The market values of these assets on that date were: land $80,000.
Instructions: Answer all three questions adequately
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Payton and Finley Davis run a real estate brokerage firm. Calculate the annual net operating income generated by the new sign
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