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Question - On July 1, 2017, Alpha Company purchased inventory from its Japanese supply source. Terms of sale were 100,000 yen, due 30 days from the date of purchase. On July 30, 2017, Alpha paid for the supplies purchased on July 1. The exchange rate for the yen was $0.01 on the date of purchase, and $0.0098 on the date of payment. Use this information to prepare Alpha Company's general journal entries to record the purchase and payment for inventory purchased from is Japanese vendor.
alexandria semiconductors produces 300000 hi-tech computer chips per month. each chip uses a component which alexandria
Adjusting Entries: The ledger of Duggan Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared.An analysis of the accounts shows the following.
The following payroll liability accounts are included in the ledger of Wimble Company on January 1, 2012.
For each of the above audit procedures identify the assertion(s) that is being tested, the account balance(s) that it relates to and justify your choices
marlin companys december 31 year-end unadjusted trial balance shows a 24000 balance in notes receivable. this balance
An English company with a subsidiary in the United States is seeking alternatives for funding of USD 20 MM to three years for its subsidiary.
A firm is considering an investment proposal which has an initial investment of $5000 and profits after taxes of $1000 in year 1, $2000 in year 2 and $3000 in year 3. The average rate of return is
the city of buffalo river had the following transactions related to the construction of a new courthouse. a 1107 20
1. Discuss the treatment of a business bad debt when the business also has long-term capital gains.
winfrey co.s march 31 inventory of raw materials is 150000. raw materials purchases in april are 400000 and factory
1) Discuss how level of activity is measured in manufacturing, merchandising, and service firms.
Elyse Lin works for Columbia Industries. Her rate of pay is $9 per hour, and she is paid 1½ times the regular rate for all hours worked in excess of 40 per week. During the last week of January of the current year, she worked 46 hours. Lin is marr..
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