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Listed are a series of transactions that require journal entries and updating of T-Accounts.
You know that preparing nonprofit journal entries are easy, so you ask the new employee to:
Transaction 1: Assume a nonprofit has a restricted fund for capital asset purchases. Compare the journal entries for the cash purchase of a $10,000 computer by the nonprofit, to how the journal entry would look for this for-profit.
Transaction 2: Assume that a nonprofit has a need for $80,000 for a particular new marketing expenditure, and a for-profit entity needs to raise an additional $80,000 to pay for some unanticipated marketing expenses. How would the journal entities look at the acquisition of the funds and the subsequent spending of the funds?
Transaction 3: The for-profit entity sells $120,000 with net 30-day terms, while the nonprofit entity has a fund raising drive for which they receive pledges of $120,000. How do the two journal entries look?
Investment of Rs. 10,00,000 made in the year 2009 @10% . What will be Journal entry for accrued interest. Whether TDS to be deducted on accrued interest. Please show me journal entries from the year 2009. In between there is no sale of investment...
A new company expects that for the first four months sales will be as follows. Required - Compute the expected cash collections for the month of April
kandris corporation had a balance in accounts receivable of 600000 and a balance in allowance for doubtful accounts of
lynn hart is a managerial accountant at paibec corporation. paibec is under intense cost competition and hart has been
compensated absences mathewson company began operations on january 2 2010. it employs 9 individuals who work 8-hour
franco and elisa share income equally. during the current year the partnership net income was 40000. franco made
List three examples of BPR used in the expenditures processes.
Epic Company earned a net income of $900,000 this year. The number of common shares outstanding during the entire year was 400,000,and preferred shareholders received a $20,000 cash dividend. Compute Epic Company's basic earnings per share.
Prepare an interpretative write up of your financial analysis, explaining trends and items of concern for the directors of FedEx. For each ratio, you should define the ratio, inform the directors about the change in the ratio from one year to the ..
the wood furniture company manufactures tables. in march the two production departments had budgeted allocation bases
Tavella Company's first weekly pay period of the year ends on January 8.
Determine the amount of supplies used and journalize the adjusting entry.
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