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Prepare the necessary adjusting journal entries for items a through h. Assume that adjusting entries are made only at year-end.Adjusting entries (all dated Dec. 31, 2013).
On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,400, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2014.
on january 5 2010 phelps corporation received a charter granting the right to issue 5000 shares of 100 par value 8
On January 1, a company issued and sold a $394,000, 9%, 10-year bond payable, and received proceeds of $389,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The journal ..
in 2003 connor inc. a calendar year c corporation announced its intention to construct a manufacturing facility in the
Lexicon, Inc. had beginning inventory in March consisting of 15,000 units (60 percent converted) and ending inventory consisting of 20,000 units (40 percent converted). In addition, 45,000 units were started during the period. How many equivalent ..
mesquite inc. wants to purchase an asset with a 3 years useful life which is expected to produce cash inflows of 30000
What will the price of this bond be if the interest is paid annually?
What is the difference between a rule-based and principle-based system? Discuss the Global Reporting Initiative, its purpose, the standard setting process, the use of its reporting system, etc.
A Clarke Corporation subsidiary buys marketable equity securities and inventory on April 1, 2009, for 100,000 pesos each. It pays for both items on June 1, 2009
Management expects to sell 95,000 units of a product during the next fiscal period. How many units must be produced if the beginning inventory of finished goods amount to 5,000 units and management desires the ending finished goods inventory to eq..
which one of the following would be the same total amount on a flexible budget and a static budget if the activity
Explain the benefits of a stock dividend both to the coprporation issuing the dividend and to the shareholder receiving the dividend.
you are cfo of goforit inc. a wholesale distribution company specializing in emerging technologies. your ceo is a
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