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On September 4, Seller Company sold goods to Buyer Company for $3,600 with terms of 3/10, net 30, FOB shipping point. The cost of the goods to Seller Company was $1,400. The freight of $100 was paid on September 6. On September 7, Buyer returned some goods that were the wrong color for a full credit of the price it had paid on September 4 of $400 (ignore freight costs). On September 12, Buyer sends Seller a check in full payment of the account. Both companies use perpetual inventory system.
prepare journal entries to record the following transactions entered into by flip
the following information was taken from the accounting records of xyz company for the year endeddecember 31 2008cost
Several years ago, Joy acquired a passive activity. Until 2006, the activity was profitable. Joy's at-risk amount at the beginning of 2006 was $250,000. The activity produced losses of $100,000 in 2006, $80,000 in 2007, and $90,000 in 2008. During..
Drives costs at Salem Data Services
x ltd. purchased assets worth 220000 and also took over the liabilitescreditors of y ltd. for a purchase consideration
jodi horton president of the retailer crestline products has just approached the companys bank with a request for a
one company buys a controllingcp interest in anither company on april 1. explain how the pre-acquisiton revenues anc
What total amount should be credited to additional paid-in capital from common stock as a result of the conversion of the preferred stock into common stock?
How would you predict that the short-run equilibrium that you have identified in question 1 will change? Illustrate your answer using appropriate diagrams. What will be the long-run equilibrium number of fishing rod manufacturers?
Using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation.
under the sarbanes-oxley act of 2002 sox all publicly traded u.s. corporations are required to maintain an adequate
karen purchased 100 shares of gold corp. stock for 10000 on january 1 2004. on june 1 2014 she sells her 100 shares for
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