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Question - Every entry should have narration please - Prepare journal entries for each transaction.
April 1, 2018. arranged 3 month bank loan of $12million with bank. Interest at the rate if 8% was payable at maturity
July 1, 2018 paid the 8% loan at maturity.
Nov. 1, 2018 Mercury issued a $20 million 9-month note. Interest was discounted at issuance at a 6% discount rate.
Dec. 31, 2018. Recorded any necessary adjusting entry.
Aug.1, 2019 paid the note payable at maturity.
Information regarding Central Company's individual investments in securities during its calendar-year 2011, along with the December 31, 2011, fair values.
Review the following income statement for The Country Gentleman, a western clothing store. What does gross profit represent
Explain why knowledge of cost behavior is useful in product performance evaluation.
Explain how Cole Hardware used technology to manage inventory and identify at least two (2) benefits of the use of this technology by the company
Give two examples of fringe benefits
Evaluate the effectiveness of the current risk management policy that will be undertaken by the company to protect its business value
Entity A determines at year-end that accounts receivable of 2,000 is doubtful of collection. Prepare the balance sheet and income statement
Gulag industries made a number of changes to its accounting system in 2012, which resulted in significant changes to the way the company costs its products.
Alton Inc. is working at full production capacity producing 23,000 units of a unique product. Manufacturing costs per unit for the product are as follows.
Paid for gas and oil for our own truck used for deliveries of goods to customers, $95 plus HST. Make a trial balance on March
How would each of these items be reflected in the year-end balance sheet, including notes?
please show your work pirate inc. leased equipment from shoreline enterprises under a four-year lease requiring equal
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