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On April 1, 2011, Jennifer Stafford created a new travel agency, See-It-Now Travel. The following transactions occurred during the company%u2019s first monthApril 1 Stafford invested $49,000 cash and computer equipment worth $20,000 in the company in exchange for common stock.The company rented furnished office space by paying $1,900 cash for the first month%u2019s rent.The company purchased $1,100 of office supplies for cash.The company paid $2,800 cash for the premium on a 12-month insurance policy. Coverage begins on April 11.The company paid $900 cash for two weeks' salaries earned by employees.The company collected $9,500 cash on commissions from airlines on tickets obtained for customers.The company paid $900 cash for two weeks' salaries earned by employees. The company paid $250 cash for minor repairs to the company's computer.The company paid $1,300 cash for this month's telephone bill.The company paid $2,100 cash for dividends.
wathan inc. sold 180000 in inventory to miller co. during 2008 for 270000. miller resold 108000 of this merchandise in
below is a partial list of account balances for lbj companycash 12000prepaid insurance 1300accounts receivable
what is the relationship between inventory and cost of goods sold by a pharmacy or medical supply business? explain the
Salen Company finances some of its current operations by assigning accounts receivable to a finance company. On July 1, 2012, it assigned, under guarantee, specific accounts amounting to $150,000.
you have a chance to buy an annuity that pays 1000 at the end of each year for three years. you could earn 5.5 on your
When confirming accounts payable, emphasis should be put on what kind of accounts? Which of the following situations indicates a potential material weakness in internal control over acquisition and expenditure?
Transfer title of their personal home to Barbara. They purchased the house in 1998 and their basis today is $400,000. The fair market value of the house is $500,000. The house is subject to a 25-year, $250,000 mortgage.
lett corp declared and issued a 15 stock dividend when they had 100000 shares of common stock issued and
village hardware is a retail hardware store. information about the stores operations follows.bull november 20x4 sales
which of the following budgets allow for adjustments in activity levels?a static budgetb continuous budgetc zero-based
Assume that the company declares and immediately distributes a 100%stock dividend. Find the retained earnings balance and the total stockholders equity? and also the shares outstanding.
the impression one gains from the internal inconsistency of many of the arguments upon the which justification of
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