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Question - Prepare closing entries and perform post-closing trial balance (Post-closing trial balance) Balance test without adjustments (adjusted trial balance)
Account Balance
Accounts receivable 119,000
Prepaid insurance 20,500
Supplies 3,850
Cash 145,450
Equipment 35,000
Accounts payable 45,000
Notes payable 42,800
Unearned fee revenue 45,000
Juan del Pueblo, capital 69,000
Juan del Pueblo, drawings 20,000
Fee earned 835,000
Utilities expense 24,500
Salary expense 620,000
Advertising expense 3,500
Rent expense 45,000
The data are (complete) and provide the basis for preparation of an income statement. Compute how much is net income
Hilman University sells 5,351 season basketball tickets at $67 each for its 10-game home schedule. Give the entry to (a) record the sale of the season tickets
Build spreadsheet to help KMR analyze this situation. In your base case, evaluate the NPV of net income after taxes assuming KMR maintains 48 CATIs in all years
Determine What is the present value of lease payments to determine lease liability? (Round answer to 0 decimal places, e.g. 5,275.)
on june 30 2009 sideways movers had 243000 in current assets and 211000 in current liabilities. on august 1 2009
Small Company is investigating cost behavior. One method might be to look at the specific accounts like Wage Expense
At the end of 2011, records show the company incurred $789,080 of actual overhead costs. Determine the predetermined overhead rate for year 2011
What are some situations that would require modification of the auditor's opinion related to going concern
The companies use the straight line method to amortize interest revenue and expense. Compute the consolidation gain or loss on a consolidation income
In the U. S. Equal Employment Opportunity Commission (EEOC), they got their wireless carrier to agree to the bundled rate plan with shared minutes.
Ramly Berhad acquired a non-current asset, What amunt would be charged to profit or loss for the impairment of this asset for the year ended 20 september 2014
Mustang Corp has a selling price of $17, variable costs of $10 per unit, and fixed costs of $35, 280. How many units must be sold to break-even?
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