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Accounting
1. Prepare journal entries for the following transactions
a. Acquired computer supplies on account for $800.
b. Paid cash for advertisements of $700
c. Collected commissions of $900 on the sale of a house.
d. Paid $600 for the purchase of computer supplies in a above.
e. Recorded computer supplies used of $300.
DEF Company uses Percentage of sales approach to estimate bad debt. From experience, DEF has determined that approximately 3% of all sales will be uncollectible. February sales were $800,000 dollars. What is the journal entry record the bad debt expe..
The acquisition of Bark's assets for $8 million of Ark's voting common, the assumption of $2 million of liabilities, and the payment by Ark of $100 in cash.
What is the company's accumulated benefit obligation at the end of 2013 with respect to Davenport? Estimate by the accumulated benefits approach the amount of Davenport's annual retirement payments earned as of the end of 2013.
calculating the approximate amounts for the current years balances in the form of a balance sheet and income statement
A company is preparing to go public with an initial stock offering. Why is it very important that its balance sheetincludes a credible value for ‘goodwill'?
Record the events under an accounting equation. After all events have been recorded, Jones's obligations to creditors represent what percent of total assets?
Computation of Bank reconciliation Statements - Prepare a schedule showing how much the cashier embezzled.
the amount is dependent on whether it reduces his taxable income. If Billy is going to claim the standard deduction, how much should he contribute to a traditional IRA?
Evaluate the equivalent units of product for (1) materials and (2) conversion cost for each month and calculate the physical units for January and May.
Return on investment is calculated by dividing
Accounting standard-setters use the following process in establishing accounting standards.
If an initial bank deposit of $5,000 yields an account value of $12,000 at the end of 10 years, what is the interest rate at work? If an initial deposit of $250,000 is made into an escrow account that pays 9% interest annually, what is the maximum am..
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