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Question - Prepare general journal entries with narrations to record the following balance day adjustments as at 30 June 2018.
1) Prepaid advertising expired is$852.
2) Unpaid salaries earned by employees of $2,500.
3) Part of the rent paid in advance for 6 months in 1 June 2018 in the amount of $6,000 has been used up.
4) Service fee revenue received in advance was earned amounting to $3,500.
5) A tenant owes rent of $900 for June.
The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 9,200, 23,000, 25,000, and 26,000 units, respectively.
Berry Company is an architectural firm located in Detroit, Michigan. The company works with small and medium-size construction businesses to prepare building plans according to the cli- ent's contract. The following data are provided for the previous..
Cost of common equity Percy Motors has a target capital structure of 40 percent debt and 60 percent common equity, with no preferred stock. The yield to maturity on the company's outstanding bonds is 9 percent, and its tax rate is 40 percent. Per..
to complete the requirements below you will need to obtain whirlpools income statements for 2005 2007 and 2008 and its
Pina Company uses a periodic inventory system. Compute the April 30 inventory and the April cost of goods sold using the LIFO method
Many non-accounting types argue that the cost concept is of little value because it does not reflect fair market value. What do you think?
Explain how to add a journal transaction in the Account Register that involves both a Balance Sheet and Income Statement account.
Later in the same year, Tim sold the stock to an unrelated party for $26,000. What is the tax effect of these transactions
Give example related to ABC costing and find the overhead allocation rate for this example using ABC Costing? Discuss the advantages of using ABC Costing?
based on marketing data birdie maker gold company has set a target price of 700 for a set of new golf clubs. the
Kell Corporation manufactures computers. What is Kell's actual manufacturing overhead cost
What are the revenue and cost motive related to foreign direct investment? What are the benefits of foreign direct investment?
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