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Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system).
1. Sold $ 20,000 of merchandise that cost $ 15,000, on MasterCard credit cards. The net cash receipts from sales are immediately deposited in the seller's bank account. MasterCard charges a 5% fee.
2. Sold $ 5,000 of merchandise that cost $ 3,000, on an assortment of credit cards. Net cash receipts are received 5 days later, and a 4% fee is charged.
koffee express operates a number of espresso coffee stands in busy suburban malls. the fixed weekly expense of a coffee
prepare a summary of performance tests and analysis of the target acquisition. kohlsperform the following tests to help
Dalton construction contracted to build a bridge for $5,000,000. Construction began in 2010 and was completed in 2011. Data relating to construction are:
Is it possible to deviate from Generally Accepted Accounting Principles (GAAP) and the accounting cycle and still prepare financial statements? What are some possible consequences of this course of action?
the hillside inn is a restaurant in flagstaff arizona. it specializes in southwestern style meals in a moderate price
problem -1acomparativenbspnbspstatement data for farris company and ratzlaff company twonbspnbspcompetitors appear
both the budget process and budgets themselves can impact management action both positively and negatively. for
mitchell decides to continue using departmental overhead rates. if a job spends 4 hours in assembly and 3 hours in
The sole contributor to a philanthropically-based foundation
If management decides to buy part I50 from the outside supplier rather than to continue making the part, what would be the annual impact on the company's overall net operating income?
Analyze a business strategy and supporting business plan for a small business concept
Discuss same-sex marriage in California with a focus on the state's Proposition 8 (2008). In your essay, analyze how the issue has developed in the state since 2000, when the Californian voters passed Proposition 22 (2000), the state's first ballo..
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