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On January 1, 2011, Cedar Company was authorized to issue 40,000 shares of $6 par common stock and 20,000 shares of $16 preferred stock. Given this information, if Cedar Company issued 12,000 shares of common stock for $10 per share on January 10, 2011, the entry to record the issuance of the stock would include a credit to which account and for what amount?
Acherman Company was organized on May 31 of the current year. Projected operating expenses for each of the first three months of operating are as follows: June $64000, July $81000, August $104500.
Prepare the following using any required worksheets, general and or adjusting journal enries, T-accounts, and trial balance per pg 212 style.
Allen's Jewelry accepted a $3,600 note from S. Wells in settlement of an old account receivable. The 12 percent note was dated November 2, 2008, and was due in 120 days. Assume that Allen's Jewelry closes its books on December 31. How much interes..
Foreaker LLC sold a piece of land that it uses in its business for $52,000. Foreaker bought the land two years ago for $42,500. What is the character of Foreaker's gain?
What percentage interest in the pool is held by the town and the school district? Show the entry in the Investment Trust Fund to record the School District's investment in the pool.
No Income Gainedfrom Revaluations- You are required to work as a research team intending to present your findings in a suitable written format
a corporation operates in an industry that has a high rate of bad debts. before any year-end adjustments the balance in
How should Symington have recorded this transaction? Anddiscuss ethical aspects of Symington's action.
Within today's international business environment, there has been a great deal of discussion about the convergence of United States accounting standards
If I were to make muffins and the blueberries for the muffins cost 2.05 per bag and I use 11 blueberries per muffin but then found out that people liked 15 berries per muffin and I found a store that sold 400 berries per bag at 1.89 per bag. How d..
1. crystal products allows customers to use bank credit cards to charge purchases. the bank used by crystal products
Squid reported net income of $100,000 for 2005. Minority interest income that will appear in the consolidated income statement for 2005 is
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