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One of the statements for my project is "Utilities Expenses of $3,200 remain unpaid. 60% of the utilities expense is for office and 40% of utilities expense is for the store" The journal entry I came up with was Utilities Payable 3200 Utilities Expense-Store 1280 Utilities Expense-Office 1920 but now that I'm doing my income statement, i'm pretty sure thats word. Would I switch the debits and credits around or is it just totally wrong all together?
Howard died in 2014, in addition to his $8.5 million of certificates of deposit and investment property worth $4 million
If sales to increase by 11% next year. How do I find the percentage that should net operating income will increase?
the allocation of indirect costs in an activity-based costing systemmay require other costs to be allocated to
which of the following statements regarding proposed regulations is not correct?a. proposed and temporary regulations
If annual overhead costs are expected to be $750,000 and direct labor costs are expected to be $1,000,000, then:
Prepare Journal Entries for the government based on the production of fund-based financial statements. Than prepare JE entries in anticipation of preparing governement-wide financial statements. Before each JE for fund-based reporting, indicated i..
Carolina Mills purchased $280,000 in supplies this year. The supplies account increased by $30,000 during the year to an ending balance of $71,000. What was supplies expense for Carolina Mills during the year?
the towson manufacturing corporation applies overhead on the basis of machine hours. the following divisional
Michaels Company segments its income statement into its East and West Divisions. The company's overall sales, contribution margin ratio, and net operating income are $620,000, 57%, and $57,000, respectively.
What if you were a manager of a company? What measurement problems are illustrated by this question?
how is the income statement of a service company different from the income statement of a merchandising
On January 1, 2006, Matrix Corporation issued $800,000, 5%, 5-year bonds dated January 1, 2006, at 95. The bonds pay annual interest on January 1. The company uses the straight-line method of amortization and has a calendar year end.
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